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Polymer initiator market projected to reach $4.2 billion by 2024

  9/11/2019 - Chicago, IL - The polymerization initiator market size is estimated to be $3.4 billion in 2019, and is projected to reach $4.2 billion by 2024, at a CAGR of 4.3 percent, according to www.marketsandmarkets.com. The growing polymer production due to increasing demand from various end-use industries such as food processing, automotive, and building and construction is expected to drive the market. The organic peroxide is used as an initiator for the radical polymerization process of monomers. These compounds can be divided further into diacyl peroxides, hydroperoxides, dialkyl peroxides, peroxy ketals and peroxy (di) carbonates. Organic peroxides are used extensively in the polymer industry. It is used as a polymerization initiator for manufacturing polyester, acrylic resins and low-density polyethylene, such as PVC, because it has excellent oxidizing properties. The demand for organic peroxides is driven mainly by the growing demand from the coating, adhesives and elastomer manufacturers. The increasing consumption of these compounds in the various end-use sectors, such as automotive, electronics and electricals, construction, composites, and the chemicals and plastics industry, is another important factor for the high demand of organic peroxides. Radical polymerization usually needs an initiator to produce the first radical and start the chain of addition reactions. The most common initiation reaction in free radical polymerization is the thermal decomposition of molecules that contain weak bonds, such as peroxides or azo compounds. The radical formed then reacts with the monomers. After the reaction is initiated, the chain will grow by the repeated additions of monomer molecules with the immediate formation of a new radical site. This propagation reaction is swift, so very long polymer chains will be formed in the initial stage of the reaction. APAC was estimated to account for the largest share of the polymerization initiator market in 2018. The region has emerged as the largest consumer of these initiators owing to the increasing production of polymers in China, India, Japan and Malaysia, among others. The growing need for polymers from various end-use industries, especially packaging, is driving the market in the region. Hence, it is the largest, as well as the fastest-growing, region in the polymerization initiator market. The leading players in the polymerization initiator market are BASF (Germany), Arkema (France), AkzoNobel (Netherlands), Celanese (U.S.), United Initiators (Germany), Lanxess (Germany) and Adeka Corporation (Japan). These players have adopted the strategies of expansion and new product development to increase their product offerings and expand their geographic presence.

Friday, September 20, 2019

Automotive silicone market is projected to reach $3.33 billion by 2023 - click to expand

Goodyear ordered to pay $6.7 million for exploding tire death - click to expand

Freudenberg Sealing Technologies is developing a new generation of conductive seals - click to expand

Lanxess launches high performance wheel solution - click to expand

Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman - click to expand

PolyOne launches new black masterbatch colorants with sustainable carbon black - click to expand

Thursday, September 19, 2019

Aerospace tapes market projected to register a CAGR of 4.0 percent though 2024 - click to expand

Students can showcase technology skills at annual Goodyear Innovation Challenge - click to expand

Birla Carbon releases seventh annual sustainability report - click to expand

TechnoBiz announces Rubber Industry Training Week 2019 for the U.S. and Thailand - click to expand

Lanxess commissions two additional production lines for Tepex composite material - click to expand

Clariant listed in the 2019 Dow Jones Sustainability Index - click to expand

Wednesday, September 18, 2019

Global automotive summer tire market is expected to record a CAGR of almost 5% by 2023 - click to expand

Lubrizol achieves a Gold sustainability rating from EcoVadis - click to expand

Brenntag Specialties expands distribution agreement with BASF - click to expand

Michelin, Continental AG and Smag announce joint venture for sustainability practices for the natural rubber industry - click to expand

Petronas Chemicals completes the acquisition of silicone manufacturer Da Vinci Group - click to expand

Accella Tire Fill Systems changes name to Carlisle TyrFil - click to expand

Tuesday, September 17, 2019

Davis-Standard introduces DS-Blend feedscrew design - click to expand

Global injection molding machines market forecast to reach $21 billion by 2026 - click to expand

Eastman experts to discuss increased efficiency in tire production at the International Elastomer Conference - click to expand

Fort Wayne Mold & Engineering announces the retirement of Rick Schmidt - click to expand

DIC to acquire BASF’s global pigments business - click to expand

Thailand has become the world's largest rubber exporter - click to expand

Monday, September 16, 2019

Davis-Standard readies for the 2019 International Elastomer Conference - click to expand

Enviro develops financing solutions for plants based on international corporate bonds - click to expand

Smithers unifies under one brand - click to expand

ChemSpec is exclusive distributor of Himadri carbon blacks in the U.S. and Canada - click to expand

ExxonMobil introduces sustainable solutions and innovative applications at K 2019 - click to expand

Dow Chemical selected by Fortune magazine for its Change the World list - click to expand

Friday, September 13, 2019

Tokai Carbon announces new president of Cancarb Limited - click to expand

Budzar Industries announces new vice president - click to expand

Cooper Tire’s Tread Wisely program reminds young drivers to plan ahead for roadside emergencies - click to expand

Apollo Tyres sharpens focus on the SUV segment in India - click to expand

Future Foundation (India) establishes U.S. sales and service center - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

Market Reports

Polyisoprene latex market forecast to reach $231 million by 2029 - click to expand

Automotive silicone market is projected to reach $3.33 billion by 2023 - click to expand

Aerospace tapes market is projected to register a CAGR of 4.0% though 2024 - click to expand

Global automotive summer tire market is expected to record a CAGR of almost 5% by 2023 - click to expand

Global injection molding machines market forecast to reach $21 billion by 2026 - click to expand

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