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Polymerization Initiator Market

Polymerization Initiator Market

Polymerization Initiator Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

180

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1169

Segments Covered
  • By Type Persulfate, Peroxides, Azo Compounds, Active Species, Free-radical, Cationic, Anionic
  • By Application Polyethylene, Polypropylene, PVC, Polystyrene, ABS
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 3.7 Billion
Revenue 2028Revenue 2028: USD 5.05 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.5%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Polymerization Initiator  Market Share

Polymerization Initiator Market: By Type, Active Species, Application, and Region

Market Synopsis:

Global Polymerization Initiator market is valued at USD 3.7 Billion in 2021 and is projected to attain a value of USD 5.05 Billion by 2028 at a CAGR of 4.5% during the forecast period, 2022–2028. Polymerization Initiator is used commercially for the production of thermoplastic elastomer, which has emerged as one of the key product application areas. However, elastomers are not the only application for this product. Polymerization Initiator s are also used in chemicals and cosmetics industries to make a variety of products such as varnishes, lacquers, surface coatings, paper coating emulsion paints and photoresists.

Polymerization Initiator Market Size, 2021 To 2028 (USD Billion)

Increasing Demand for Polymerization Initiator in Production of Thermoplastic to Drive Market Growth

The growth in the number of applications for thermoplastic polymers has increased the demand for Polymerization Initiator . In addition, the increasing market share of biodegradable plastics has been another factor that has fueled growth in demand. The end use industries such as automotive, electrical & electronics and consumer goods are expected to witness high growth rates during the forecast period as consumers are increasingly buying these products with growing disposable income and improving lifestyle. The growth is further supported by the increasing demand for biodegradable polymers. The rise in government initiatives to introduce new/ stringent environmental regulations also contribute to the market growth. However, volatile raw material prices and availability of substitutes may hamper the market growth during forecast period.

Market Segmentation:

The global Polymerization Initiator market is segmented by type (Persulfate, Peroxides, Azo Compounds), Active Species (Free-radical, Cationic, Anionic), Application (Polyethylene, Polypropylene, PVC, Polystyrene, ABS), and Region.

Below tree is interactive. You can click the nodes to get more information.

By Type, Peroxides to Dominate the Global Polymerization Initiator Market

The major types of commercial initiators include peroxides, azo compounds and others. Of these the peroxide family is estimated to account for more than 40% of total demand. In terms of growth rate, however, azo group is expected to be the fastest-growing segment during the forecast period. The reason behind this trend includes increasing usage in various emerging fields such as nanocomposites & 3D printing which is driving overall demand further at a healthy CAGR of 3.3%.

This is expected to be driven by factors such as increasing consumer inclination towards the usage of peroxide-based Polymerization Initiator s for better efficiency, durability, and quality of end products. This trend is anticipated to remain strong in the forecast period owing to improving living standards among consumers across North America and Asia Pacific leading to growing demand of new applications including electronics & automotive components, footwear & accessories etc.

Asia Pacific is the Largest Consumer in the Global Polymerization Initiator Market

Asia Pacific is the largest consumer and producer of Polymerization Initiator . As of 2021, the region has over 20 countries housing prominent manufacturing companies of Polymerization Initiator s, where most suppliers are located at China, Japan and India. Many manufacturers located at Japan producing adhesion promoter (silyl ketene acetal) to prepare food contact coatings on paper packaging materials. The demand for Polymerization Initiator is strong in automotive industry for the production of thermoplastic.

Key Players:

Some of the leading players in the global market are Arkema (France), BASF (Germany), Celanese (US), AkzoNobel (Netherlands), United Initiators (Germany), Adeka Corporation (Japan), and LANXESS (Germany).

The Polymerization Initiator is Segmented as Follows:

Parameter Details
Segments Covered
  • Type (Persulfate, Peroxides, Azo Compounds, Active Species, Free-radical, Cationic, Anionic)
  • Application (Polyethylene, Polypropylene, PVC, Polystyrene, ABS)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Arkema (France)
  • BASF (Germany)
  • Celanese (US)
  • AkzoNobel (Netherlands)
  • United Initiators (Germany)
  • Adeka Corporation (Japan)
  • and LANXESS (Germany).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Polymerization Initiator Market Anticipated to Reach USD 5.05 Billion by 2028
According to our latest report, the Polymerization Initiator Market is expected to reach USD 5.05 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.5% between 2022 and 2028. An increase in demand from several end-use industries like automotive, food processing, and building & con...
FAQ
Frequently Asked Question
  • The global Polymerization Initiator valued at USD 3.7 Billion in 2020 and is expected to reach USD 5.05 Billion in 2028 growing at a CAGR of 4.5%.

  • The prominent players in the market are Arkema (France), BASF (Germany), Celanese (US), AkzoNobel (Netherlands), United Initiators (Germany), Adeka Corporation (Japan), and LANXESS (Germany)..

  • The market is project to grow at a CAGR of 4.5% between 2021 and 2028.

  • The driving factors of the Polymerization Initiator include

    • Increasing R&D Activities to Improve the Polymerization Processes

  • Asia Pacific was the leading regional segment of the Polymerization Initiator in 2020.