The Polymerization Initiator Market is expected to grow at > 5.0% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polymerization Initiator Market
Polymerization Initiator Market is likely to witness a healthy CAGR of 5.0% during the forecast period. The surge in polymer production on account of increasing demand from various end-use industries, such as food processing, automotive, and building & construction is expected to drive the market.
Asia-Pacific is estimated to dominate the polymerization initiator market during the forecast period. 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. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polymerization Initiator Market Share: By Type
Based on the type, the market is segmented as persulfate, peroxides, and aliphatic AZO compounds. Peroxides is expected to remain the most dominant type as it is used as an initiator for the radical polymerization process of monomers. The demand for organic peroxides is driven mainly by the growing demand from the coating, adhesives, and elastomer manufacturers with increase in consumption of these compounds in end-use sectors, such as automotive, electronics & electricals, construction, composites, and chemicals & plastic industries.
Polymerization Initiator Market Share: By Active Species Type
Based on the active species type, the polymerization initiator market is segmented as free-radical, cationic, and anionic. The wide use of free-radical polymerization for the thermal decomposition of molecules that contain weak bonds such as peroxides or aliphatic AZO compounds is driving the growth of the segment.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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