The Peracetic Acid Market is expected to reach 1.8 during the forecast period at a 7.7% CAGR.
Peracetic acid market is driven by the growth in the demand from industries like beverage and food processing. Rise in demand of peracetic acid in the industry of beverage processing and water treatment drive the growth of global peracetic acid industry. Threats to health related to the exposure of peracetic acid is propelled to control the peracetic acid industry. Global peracetic acid industry is increased because of the usage of peracetic acid in several industries like beverage and food processing industry. Peracetic acid is recognized from the Food and Drug Administration as safe chemical and antimicrobial for protecting the food for long time. In food industry, peracetic acid is used as preservative for poultry, product of fisheries and meat. In addition, increase in the demand of peracetic acid in several application of processing of beverage leads the growth of global peracetic acid market. The main application of peracetic acid is in healthcare & personal care, disinfectants of industrial cleaning is fueling the peracetic acid industry in the coming years.
The factors that are responsible for the growth of peracetic acid industry is increasing use of peracetic acid in end-use industry and value for biocides products of good quality. Rise in the usage of peracetic acid in industries like water treatment, pulp & paper, healthcare, food & beverage are propelled to change the dynamics of peracetic acid market. Increase in the demand for peracetic acid in the Brazil, China, South East Asia, Mexico and India is anticipated to boost the growth of peracetic acid market over the forecast period. Growth in the economies of Asia Pacific like India and China with the developments in technology and infrastructure in end-use industries are anticipated to expand the peracetic acid market in the coming years. Peracetic acid market in Asia Pacific is fueled by increase in the foreign investments because of raw material and cost-effective labor. Moreover, initiatives of government for improving the activity of water treatment and healthcare with growth in the manufacturers of end-use products are boosting the peracetic acid industry.
Peracetic acid exposure can lead to allergy, severe burns and harmful health effects to skin, respiratory organs and eyes. Peracetic acid can affect the health severely if infused in high concentration and is limiting the use of peracetic acid in the house hold application which is the main challenge for the growth of global peracetic acid market.
Global peracetic acid market is segmented into application, types and regions. Based on application, market is divided into water treatment, pulp & paper, healthcare, food and many more. On the basis of types, peracetic acid market is divided into sanitizer, disinfectant, sterilant and more.
Geographically, regions involved in increasing the peracetic acid market size are Europe, Asia Pacific, North America and LAMEA. Europe in the region which holds largest peracetic acid market share followed by Asia Pacific, North America. Asia Pacific is the fastest growing region which is expected to increase the peracetic acid market in the coming years.
Key players involved in the development of peracetic acid market are PeroxyChem, Solvay Chemicals, Ecolab, Evonik Industries, Enviro Tech Chemical Services, Aditya Birla Chemicals and more.
Peracetic Acid Market Scope
|Forecast Unit||Value (USD)|
|Segment Covered||By Application Type, By Types, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||PeroxyChem, Solvay Chemicals, Ecolab, Evonik Industries, Enviro Tech Chemical Services, Aditya Birla Chemicals.|
Key Segments in the “Global Peracetic Acid Market” report are:
By Application Type, market is segmented into:
- Water Treatment
- Pulp & Paper
By Types, market is segmented into:
By Region, market is segmented into:
- Asia Pacific
- North America