Polymerization initiators, also known as free radical initiators, refer to a class of compounds that are prone to thermal decomposition into free radicals (i.e. primary free radicals). They can be used to initiate free radical polymerization and copolymerization reactions of olefin and diene monomers, as well as for crosslinking curing and high molecular crosslinking reactions of unsaturated polyester.

According to different solubility properties, polymerization initiators can be divided into water-soluble initiators (such as inorganic persulfates, hydrogen peroxide, water-soluble azo initiators, etc.) and oil-soluble (soluble in monomers or organic solvents) organic initiators; According to the different decomposition methods, polymerization initiators can be divided into thermal decomposition type and redox decomposition type; Based on the differences in molecular structure, polymerization initiators can usually be divided into several categories, such as persulfates, peroxides, and azo compounds.

In the fields of plastics, rubber, coatings, etc., polymerization initiators are one of the essential raw materials in the production process. With the increasing demand for polymer materials, the market demand for polymerization initiators is also growing. According to our research data, the total revenue of the global polymerization initiator market is expected to reach $3697.67 million in 2023, among which the revenue share of the peroxide initiator segment is estimated to be 50.30%, which will occupy a dominant position.

 

Source: www.globalmarketmonitor.com

From the perspective of market competition patterns, the concentration of the global polymerization initiator market is relatively low. Data shows that in 2020, the production of polymerization initiators by the top 3 enterprises in the industry totaled 54045 tons, accounting for 22.06% of the global production of polymerization initiators; In 2020, the total revenue of the top 3 enterprise polymerization initiator market was $753 million, with a global market share of 22.90%. The top 3 companies were Nouryon, Arkema, and United Initiatives. In 2020, the three companies accounted for 11.00%, 16.41%, and 5.49% of the global market revenue in the polymerization reaction initiator market, respectively.

Source: www.globalmarketmonitor.com

In the future, the polymerization initiator market will continue to maintain a growth trend. With the continuous demand for polymer materials and technological progress, the application fields of polymerization initiators will continue to expand. At the same time, the government's requirements for environmental protection and energy consumption will also promote technological innovation and industrial upgrading of polymerization initiators.

For more information, please click: 《2023 Global Polymerization Initiator Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast》.