Industrial spectrum product application propel organic peroxides market

Industrial spectrum product application to propel organic peroxides market

10:40 AM, 21st January 2021
Organic Peroxide Market
Apart from the plastics and rubber sectors, the most prominent application areas for the organic peroxide market, the product is suited for use in many other industrial sectors, from construction material manufacturing to pharmaceuticals to cosmetics, and more.

Organic peroxides are rapidly emerging as the most preferred chemical components across myriad scientific and manufacturing applications. Used extensively in the plastics and rubber industries, these substances play various roles such as accelerators, initiators, activators, curing & hardening agents, catalysts and cross-linking agents, among others.

Organic peroxides refer to carbon-based chemical components that comprise two oxygen atoms joined by a single bond. The easy breakability of this bond makes them quick to decompose, therefore allowing them to react easily with several substances. For this reason, organic peroxide products are used for starting or assisting various chemical processes.

Apart from the plastics and rubber sectors, which are the most prominent application areas for the organic peroxide market, the product is suited for use in many other industrial sectors, from construction material manufacturing to pharmaceuticals to cosmetics, and more.

Proliferating demand for polymers across the industrial spectrum will drive organic peroxides industry expansion

Polymers have long been recognized as an intrinsic part of many industrial sectors, from building & construction to electrical & electronics, to product packaging, to textiles and consumer products, among others. Owing to their myriad benefits including durability and lightweight, among others, plastics are also contributing towards mitigation of GHG emissions, by ensuring more efficient use of resources across a range of industries and applications. Studies suggest that in 2017, plastic production worldwide reached nearly 350 million tons.

Organic peroxides play a key role in the production of plastics, as initiators to the polymerization process. Organic peroxide products are used extensively to manufacture plastics like polyvinyl chloride and polystyrene as well as composites such as fiberglass. Different types of organic peroxides are used to create a variety of polymers with distinct qualities.

Given their popularity in the industrial landscape, various efforts are being undertaken to streamline and expand the production of effective plastic products. In the UK alone, more patents are filed for plastics annually, than metal, paper and glass combined. Persistent evolutions in polymer production are triggering significant transformations in the industrial domain in recent years.

For instance, Nouryon introduced a novel technology dubbed the CiD (Continuous Initiator Dosing) technology, designed to allow manufacturers to gain complete control of and optimize PVC production, offering several operational, safety, quality, environmental and economic advantages to the industry.

Potential hazards associated with organic peroxides may impede market development

There are significant safety issues that may arise from improper handling of organic peroxide products, which could present a roadblock to industry growth in the years ahead. Organic peroxides are susceptible to explosion or fire, and may also be corrosive or toxic.

Furthermore, various regulations have been put into place regarding the use of organic peroxides, including the EU Regulation EC 1907/2006 (REACH), which may limit the application potential of the substance.

Burgeoning use of benzoyl peroxide in skincare applications is emerging as a major trend in the organic peroxide market

Aside from its broad scope in plastics manufacturing applications, organic peroxide products also play a key role in the treatment of certain skin conditions like acne.

Benzoyl peroxide, especially, is considered to be one of the most effective options for the reduction of acne-causing bacteria and fighting skin inflammation caused by the condition. In fact, according to reports, benzoyl peroxide was revealed to be among the top ten most searched skincare ingredients in 2020.

Benzoyl peroxide acts as a non-specific oxidizing agent and releases oxygen onto the skin to eliminate bacteria. It can also be utilized for a longer time period than its counterparts, as bacteria do not develop resistance to it as easily as in the case of antibiotics.

Organic peroxide products like benzoyl peroxide also possess anti-inflammatory properties, which aids significantly in reducing as well as preventing the appearance of red spots caused by acne and other inflammatory skin conditions.

Strategic initiatives like expansions and new research opportunities will present a positive growth trajectory

In recent years, key players in the organic peroxide business landscape are making several strategic efforts, including research efforts and expansions, to maintain a strong position in an increasingly competitive market space.

For instance, in 2020, Nouryon completed a project to double its organic peroxides production capacity at its Itupeva plant in Brazil. The objective behind the expansion was to add capacity for organic peroxide products like MEKP (methyl ethyl ketone peroxides) and BPO (dibenzoyl peroxide) waxes and pastes, which are essential ingredients to the manufacturing of composites for fast-growing sectors like civil construction and wind turbines.

Meanwhile, a team of researchers from the University of Illinois has begun to explore more environmentally-friendly catalyst options for the manufacturing of resin and plastic precursors, that are derived predominantly using fossil fuel resources. The study is geared towards identifying the unique chemical and physical characteristics of certain metals and their reaction with hydrogen peroxide, which is a more sustainable option for oxidants, as it generates waste matter in the form of water rather than CO2 or chlorine.

The need for highly efficient disinfectant products will propel the demand for organic peroxides in the COVID-19 era

The ongoing pandemic situation caused by the novel coronavirus has triggered a massive health crisis across the globe. This in turn has led to various local authorities, governments, and public health institutions intensifying their focus on disinfection in community shared spaces and public facilities, which could, in turn, create favorable growth conditions for the organic peroxide industry.

According to certain studies, the COVID-19 virus can survive for up to 9 days on infected surfaces, which considerably increases the risk of transmission in public spaces. To that end, public health authorities like the WHO have put several mandates into place regarding the importance of both personal hygiene such as handwashing and sanitizer use, but also the use of strong disinfectant products designed to eliminate the virus and its infectivity.

With such mandates in place, products such as hydrogen peroxide and gaining rapid traction in recent months, with rising demand from healthcare facilities dealing with COVID-19 patients. Studies have shown that hydrogen peroxide is considered to be extremely effective against coronaviruses, owing to its oxidizing properties. It is being used extensively to clean medical equipment and is quickly outperforming bleach in terms of popularity, as it is able to degrade safely into oxygen and water when exposed to light. Myriad chemical industry participants including Arkema and Solvay are making targeted efforts to contribute to rising disinfectant demands by supplying hydrogen peroxide to governments in various affected countries.

As the need for public hygiene and safety becomes more and more prominent worldwide as a line of defense against the deadly virus, many companies are also experimenting with the use of hydrogen peroxide for the disinfection of PPE in hospitals facing shortages. For example, in March 2020, the FDA gave a EUA (Emergency Use Authorization) to Battelle for the use of its Critical Care Decontamination System, which involves the use of VPHP (Vapor Phase Hydrogen Peroxide) for disinfection of up to 80,000 masks daily.

These trends, coupled with the intrinsic role the product plays in the manufacturing of various industry-essential plastic products are therefore helping to broaden the application scope of organic peroxides, paving the way for a more promising industry outlook over the years ahead.

Organic Peroxide market size, industry analysis report, regional outlook, growth potential, competitive market share & forecast, 2020 – 2026:

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Arun Hegde
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Global Market Insights Inc.
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