Dicumyl Peroxide Market In-Depth Market Research Report 2018 – 2028

Posted by vakhas on July 5th, 2019

Dicumyl peroxide is highly used in the production of commonly used polymers and resins, and is also prominently present in polyolefin and rubber, which are used in the manufacturing of rubber seals, hose, tires, wires, etc. Dicumyl peroxide’s wide applications in the rapidly growing processes, such as polymer modification, polymerization, and acrylic resins etc. has been increasing the dependency of several industries on dicumyl peroxide, leading to a spike in the clamor for dicumyl peroxide. 

However, the numerous regulations imposed on the exposure and usage of dicumyl peroxide have been creating hurdles for the manufacturers, as dicumyl peroxide is a substance registered under EU Regulation EC 1907/2006 (REACH), owing to its highly sensitive nature. Moreover, some procedures, such as the production of dicumyl peroxide, and its use as a polymerization catalyst for synthetic and natural polymers often lead to its release in the environment, thereby, making vital for the players in dicumyl peroxide market to follow smart go-to market strategies and to embrace advancing technology to be able to drive their sales and move ahead of the competition.

To be able to tab utmost growth opportunities, the leading players in dicumyl peroxide market continue to focus on the countries with booming industrial sector, as dicumyl peroxide has wide applications in diverse industries, such as paint and coating, chemical, plastic, rubber, and adhesive among others. The persistent initiatives coupled with the growing dependency of various industries on dicumyl peroxide could lead to moderate growth in dicumyl peroxide market. 

Introduction:

Recently, in 2017, Akzo Nobel Chemicals B.V. announced the scale-up of its organic peroxide plant in Ningbo, China. This investment is expected to increase Akzo Nobel’s dicumyl peroxide capacity by 100%. This move is followed right after the completion of 40% increase in capacity. This points to increasing global demand and the opportunity that lies in dicumyl peroxide. 

Report Analysis@ https://www.factmr.com/report/1077/dicumyl-peroxide-market