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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.

Wednesday, January 29, 2020

Retread tire market growing with a CAGR of 4.9 percent through 2027 - click to expand

Global automated handling market forecast to reach $60 billion by 2025 - click to expand

Cimcorp appoints Jarkko Hakkarainen as general manager of its newly established office in Madrid - click to expand

Specialty Silicone Products adds capacity with second mill and EMI extruder - click to expand

Michelin named top tire manufacturer among world’s most admired companies - click to expand

Tuesday, January 28, 2020

Cooper Tire completes acquisition of Mexico joint venture plant - click to expand

Global industrial robotics market likely to surpass $24 billion by 2025 - click to expand

GM invests $2.2 billion in first assembly plant completely devoted to electric vehicles - click to expand

Eastman experts to discuss increased performance, efficiency in tire production - click to expand

Global personal protection equipment market forecast at $73 billion by 2026 - click to expand

Monday, January 27, 2020

Toyo Tire releases videos on its tire development technologies co-produced with Discovery Channel - click to expand

Denka develops acrylic elastomer with heat resistance up to 190 degrees Celsius - click to expand

R.D. Abbott and Alpha Technologies offer one-day course on rheology applications - click to expand

Global polychloroprene market projected to grow at a CAGR of 4.1 percent through 2025 - click to expand

NPE2021 and ChinaPlas correct scheduling conflict - click to expand

India issues quality control orders on various steel imports - click to expand

Friday, January 24, 2020

Michelin announces PennyForAFreeRide scholarship winner - click to expand

Disposable medical gloves market forecast a $10.9 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

New ASTM International standard supports flame retardants in plastics - click to expand

IRSG expects world demand for rubber to grow 2.6 percent in 2020 - click to expand

Thursday, January 23, 2020

Global advanced tires industry expected to hit $1.34 billion by 2030 - click to expand

Trinseo to announce fourth quarter and full year 2019 financial results - click to expand

Former Ameritex latex factory to reopen in Alabama under new owners - click to expand

Toshiba Machine fights activist investor's hostile takeover - click to expand

CCSi announces new headquarters and updated website for 2020 - click to expand

Global conductive silicone market forecast at $3.8 billion by 2025 - click to expand

Wednesday, January 22, 2020

Cooper Standard advances diversification strategy; announces three Fortrex technology development agreements - click to expand

Upcoming Rubber Division, ACS, courses announced - click to expand

Cooper Tire scores 100 percent on 2020 Corporate Equality Index - click to expand

Emergence of advanced tire technologies influencing tire cords and tire fabrics production - click to expand

Freudenberg Sealing Technologies’ new method shows how static seals actually age - click to expand

Global tire pressure monitoring system market to surpass $8 billion by 2026 - click to expand

Market Reports

Medical disposable market is anticipated to reach over $365.1 billion by 2026 - click to expand

Global isoprene rubber latex market forecast with a CAGR of 7.19 percent through 2025 - click to expand

Retread tire market growing with a CAGR of 4.9 percent through 2027 - click to expand

Global automated handling market forecast to reach $60 billion by 2025 - click to expand

Global industrial robotics market is lkely to surpass $24 billion by 2025 - click to expand

Global personal protection equipment market forecast at $73 billion by 2026 - click to expand

Global advanced tires industry is expected to hit $1.34 billion by 2030 - click to expand

Global neoprene market is projected to grow at a CAGR of 4.1% through 2025 - click to expand

Disposable medical gloves market forecast a $10.9 billion by 2026 - click to expand

Global conductive silicone market forecast at $3.8 billion by 2025 - click to expand

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