Polymerization Initiators Market Trends | Segmentation, Outlook, Industry Report to 2032
The global polymerization initiators market is projected to reach a valuation of US$ 1.3 Billion in 2022, with sales growing at a 4.9% CAGR during the forecast period. Against this backdrop, the polymerization initiators market size will reach US$ 2.1 Billion by 2032.
Polymerization initiators are chemical substances that react with a monomer to form an intermediate which can link with many other monomers sequentially to form a polymeric compound. The substantial production volume of plastics all over the globe is fueling the demand for initiators.
Although peroxide is in high demand, sales of persulfate are expected to gain traction during the forecast period owing to its extensive usage in the manufacturing of polymers. The quantity and type of initiators are determined by the type of monomers and the applications in which they will be used.
These initiators are used in radical polymerization to control heat or light initiation. Polyethylene, polypropylene, and PVC are common plastics used in a variety of end-use industries. The growth in the initiators market will be aided by increasing demand for these plastics.
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Competitive Landscape
Key market participants of the polymerization initiators market elaborated in the report include Arkema, Nouryon, United Initiators, LANXESS, Adeka Corporation, Fujifilm Wako Pure Chemicals Corporation, Otsuka Chemical Co, Ltd, Chemorous, and others. Key market players are investing in mergers and acquisitions to expand their production strategies and improve sales.
Polymerization Initiators Market by Category
By Type:
- Peroxide
- Persulfate
- Azo Compounds
- Others
By Application:
- Polyethylene
- Polypropylene
- PVC
- Polystyrene
- ABS
- Others
More Insights into the Global Polymerization Initiators Market Report
In its latest report, FMI offers an unbiased analysis of the global polymerization initiators market, providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032. To understand the global market potential, growth, and scope, the market is segmented based on type, application & by region ( North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
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