Peracetic Acid- Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Peracetic Acid market accounted for $759.31 million in 2019 and is expected to reach $1687.79 million by 2027 growing at a CAGR of 10.5% during the forecast period. Increasing water treatment procedures, the advantage of peracetic acid over other substitute biocides and rising focus on food sterilization and disinfection are some key factors boosting the market growth. However, high cost and low awareness of benefits are restricting market growth.
Peracetic acid is additionally referred to as peroxyacetic acid or PAA. It’s a form of chemical compound utilized in varied applications, like disinfectant during water treatment, chemical disinfectant in healthcare and sanitiser in the food industry. Peracetic acid earlier been used during the manufacture of chemical intermediates for pharmaceuticals. In food and healthcare industries, peracetic acid is sold in concentrates of one of the five per cent and is diluted before use. Due to its decomposition products, including acetic acid, oxygen, and water, peracetic acid is contemplating as environmentally friendly.
By application, the sterilant segment is projected to grow at a higher rate than the other application segments. It is an emerging application of peracetic acid. The major factor responsible for the growth of sterilant is their increased demand in the food industry, life sciences, pharmaceutical, and other industrial products. The increasing population is also projected to raise the demand from end-user industries, such as healthcare and life sciences.
By geography, Europe is expected to grow at a faster rate. Generalization of PAA usage in the region and a strong presence of application industries are the reasons behind this scenario. In Europe, peracetic acid is mostly used for clarification, disinfection, and purification of brackish water and wastewater. Industries, such as chemical processing, food & beverage, and pulp & paper have high demand for peracetic acid in the region. Physical water treatment and latest processes, such as UV disinfection and membrane filtration are also gaining importance in the European market as replacements for chemicals.
Some of the key players profiled in the Peracetic Acid include Acuro Organics Ltd, Airedale Chemical Company Ltd, BioSafe Systems, LLC, Diversey Inc, Ecolab Inc, Enviro Tech Chemical Services Inc, Evonik Industries, Hydrite Chemical Co, Kemira Oyj, Loeffler Chemical Corporation, Mitsubishi Gas Chemicals Inc, Peroxychem Llc, Seitz Gmbh, Solvay SA, Thai Peroxide Ltd company.
• 5%-15% PAA
• Above 15% PAA
• Less than 5% PAA
• Distilled Grade
• Solution Grade
• Other Application
End Users Covered:
• Food & Beverage and Diary
• Pulp & Paper (Bleach)
• Waste Water Treatment
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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