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Tert-Butyl Hydroperoxide (TBHP) Market by Application and Geography – Forecast and Analysis 2022-2026

Jul 28, 2023

The tert-butyl hydroperoxide market share is expected to increase by USD 33.32 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.23%.
This tert-butyl hydroperoxide (TBHP) market research report extensively covers market segmentation by application (polymerization initiator, curing agent, chemical synthesis, and others) and geography (Europe, North America, APAC, Middle East and Africa, and South America).
The increased demand for TBHP as polymerization initiator is notably driving the tert-butyl hydroperoxide (TBHP) market growth, although factors such as availability of substitutes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tert-butyl hydroperoxide (TBHP) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Tert-Butyl Hydroperoxide (TBHP) Market Driver
One of the key factors driving the global tert-butyl hydroperoxide (TBHP) market growth is the increased demand for TBHP as polymerization initiator. It is used as an initiator in thermal polymerization and photopolymerization reactions when exposed to heat or light. TBHP, when used in the thermal polymerization mechanism, generates radicals or cations. TBHP acts as a photopolymerization initiator when exposed to UV radiations, and it has applications in photocurable composites. TBHP initiators are extensively used in chemical synthesis to produce chemical-based substances such as acrylic resins, dispersions, and acrylic coatings. Thus, the increased demand for TBHP as a polymerization initiator is expected to drive the market during the forecast period.
Key Tert-Butyl Hydroperoxide (TBHP) Market Challenge
One of the key challenges to the global TBHP market growth is the availability of substitutes such as methyl ethyl ketone peroxide, benzoyl peroxide, and ethyl peroxides. These substitutes are used as a bleaching and disinfecting agent and in the production of chemical compounds. These substitutes are extensively used as curing agents and polymerization initiators for chemical synthesis. The above-mentioned substitutes have cost advantages and less production complexity.