Polymerization Initiator Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Polymerization Initiator Market is segmented By Product Type (Persulfate, Peroxides, Azo compounds, Others), By Active Species (Free-Radical (Cationic, Anionic)), By Application (Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene, ABS (Acrylonitrile Butadiene Styrene), Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Polymerization Initiator Market Overview

[178 pages] Report analyses the Polymerization Initiator Market shares, recent trends, competitive intelligence and future market outlook. The market is poised to grow at a CAGR of 4 % till 2031. The growing peroxide usage for coating, adhesives, and elastomers shall stimulate market growth. Asia-Pacific dominated the polymerization initiator market due to the high usage of polymers such as Polyethylene (PE), Polypropylene (PP), and polyvinyl chloride (PVC) in various industries.

The polymerization initiators are the source of any chemical species capable of reacting with a monomer resulting in the formation of an intermediate compound. This resulted compound can link successively with a large number of other monomers into a polymeric compound.

Polymerization Initiator Market Scope

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Polymerization Initiator Market Dynamics

The market is driven by the rising demand for polymerization initiators with the increasing usage of polymers in various industries including aircraft, aerospace, plastics, and other industries. The polymerization initiators are widely used in chain-growth polymerization such as radical polymerization for regulating the initiation through heat or light.

The rise in the launch of the novel polymerization initiator products shall stimulate market growth. For instance, in March 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) had launched a new version of its Butanox M-50 Vanishing Red peroxide. This new version contains a less-hazardous dye solvent that makes it safer for customers to handle and reduces its environmental impact while maintaining its industry-leading performance.

In March 2018, Nouryon (formerly AkzoNobel Specialty Chemicals) had introduced the first-ever emulsion-based organic peroxides in the United States for manufacturing the polyvinyl chloride (PVC). The emulsion products are safer alternatives to solvent-based peroxides for making PVC, a plastic used in everyday applications including pipes, doors, windows, and home siding.

Several market players are introducing the new facilities for increasing their production capacity with the rising demand for polymerization initiators especially the peroxides. For instance, in July 2018, Nouryon (formerly AkzoNobel Specialty Chemicals) had broken ground for construction of a state-of-the-art organic peroxide production facility in Tianjin, China. This is a €90-million facility, located in the Tianjin Nangang Industrial Zone, that would replace the company’s existing organic peroxides plant in Tianjin, and supports efforts being made by Chinese authorities to optimize urban planning and produce an industrial upgrade in the country’s chemical industry.

However, the increasing cost of the raw materials and safety concerns associated with the polymerization initiators is hindering the market growth.

Polymerization Initiator Market Segmentation Analysis

The polymerization initiator market is segmented based on product type persulfate, peroxides, azo compounds, and others. The peroxides segment accounts for the highest market share of XX% in 2019 due to its high demand for manufacturing polyester, acrylic resins, and low-density polyethylene because of its has excellent oxidizing properties. The peroxides act as an initiator for the radical polymerization process of monomers.  The peroxides are widely used for the end-industries such as automotive, electronics & electricals, construction, composites, and chemicals & plastics industry. The growing usage of the peroxide for coating, adhesives, and elastomer shall stimulate market growth. The peroxides are comprised of the diacyl peroxides, hydroperoxides, dialkyl peroxides, peroxy ketals, and peroxy (di) carbonates. The diacyl peroxides act as an initiator for the vinyl monomer polymerization. The diacyl peroxides are used as a curing agent for thermoset resins and the cross-linking of thermoplastics and elastomers. Moreover, diacyl peroxides are used as active pharmaceutical ingredients.

The persulfate segment is expected to have positive market growth owing to rising penetration of the persulfate as the persulfates are strong oxidants because of their excellent shelf life, and are economical to use. The persulfates such as ammonium persulfate, sodium persulfate, and potassium persulfate are the ideal choice for the emulsion polymerization reactions, individually or in combinations. Ammonium persulfate is used as an etchant and cleaner for manufacturing the printed circuit boards, as a booster in hair bleaching formulations in cosmetics and as a polymerization initiator, in soil stabilization, and as a gel breaker in enhanced oil recovery systems. Potassium persulfate is used as an initiator for emulsion polymerization reactions for the preparations of acrylic, vinyl, styrene, neoprene, styrene-butadiene, and other resins.

Further, the market is also classified based on active species as free-radical, cationic, and anionic. The free-radical segment accounts for the highest market share of XX% in 2019. Several organic and inorganic compounds are used for generating free radicals through the thermal or ambient redox conditions that result in the initiation of the polymerizations. The choice of the polymerization initiator in free radical addition polymerization is dependent upon the solubility, and decomposition temperature. The thermal decomposition of molecules containing weak bonds such as peroxides or azo compounds is the most frequent initiation reaction in free radical polymerization. The resulting free radicals from the free radical polymerization react with the monomers and the chain keep growing with the repeated additions of monomer molecules with the immediate formation of a new radical site.

Global Polymerization Initiator Market Geographical Share

By region, the polymerization initiator market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the polymerization initiator market due to the high usage of polymers such as Polyethylene (PE), Polypropylene (PP), and polyvinyl chloride (PVC) in various industries such as packaging, infrastructure, automobile, agriculture, and other industries. According to The Federation of Indian Chambers of Commerce and Industry (FICCI), the polymer utilization was approximately, 43% in packaging, 21% in infrastructure, 16% in automobile, 2% in agriculture, and 18% in other industries in India in 2013. Several companies are shifting their manufacturing base & facility in the Asia-Pacific region due to the availability of low-cost labor. There is drastic market growth is expected to be observed in countries such as China, India, Japan, and Malaysia owing to the growing production of polymers. It is further expected that Asia-Pacific shall maintain its dominant market position over the forecasted period.

The North American region is expected to have positive market growth owing to the increase in the number of companies manufacturing the polymerization initiators. Several companies are focusing on capacity utilization and market expansion. For instance, in February 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) had expanded its more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes, Mexico to meet increased customer demand in the North American polyvinyl chloride (PVC) market. The rising demand for polymers in the construction, aerospace, and paint industries shall boost the market demand for polymerization initiators over the forecasted period.

Polymerization Initiator Companies and Competitive Landscape

The polymerization initiator market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Arkema S.A, Lanxess AG, Basf SE, AkzoNobel, Celanese Corporation, United Initiators, Adeka Corporation, and Akkim Kimya are the leading market players with significant market share.

The companies are focusing on product approval, product development, market expansion, technological advancement, and capacity utilization strategies for holding their market position. For instance, in May 2018, Nouryon (formerly AkzoNobel Specialty Chemicals) had expanded its production capacity and upgrade its organic peroxides facility in Mahad, India.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for polymerization initiator and their expansion across the globe. For instance, in July 2019, United Initiators GmbH had acquired 100% of the shares of Hidrojen Peroksit A.S., (HPAS), a single plant producer of different qualities and dilutions of Hydrogen Peroxide (H2O2) in Turkey. This acquisition would help the company to improve the plant’s efficiency and substantially increasing the plant’s output of H2O2. This acquisition would also allow the company to more extensively participate in non-Polymer applications, such as textile, mining, water treatment, electronics, fish and poultry farming, and general disinfection.

In January 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) had licensed its continuous initiator dosing (CID) technology to Karpatnaftochim, Ukraine’s largest PVC producer. This technology would help the Karpatnaftochim to increase reactor output by up to 40%, improve product quality, and make the process intrinsically safer all at minimum cost.

In October 2018, AkzoNobel Specialty Chemicals has relaunched as Nouryon. The move follows the recent acquisition of the business by The Carlyle Group and marks the transition to becoming an independent, global specialty chemical leader focused on innovation, sustainability, and creating strong partnerships.

In September 2018, Nouryon (formerly AkzoNobel Specialty Chemicals) had acquired Polinox’s brands and trademarks, including Brasnox, Perbenzox, and TecnoxSuper, as well as its customer list and production knowhow. The manufacturing of those products would be a move to the company’s plant at Itupeva, Brazil, which is currently being expanded.

Why Purchase the Report?

• Visualize the composition of the polymerization initiator market products in terms of product type, active species, and application highlighting the critical commercial assets and players.
• Identify commercial opportunities in the polymerization initiator market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of polymerization initiator market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global polymerization initiator market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

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