Market Research Report
Peracetic Acid - Global Market Outlook (2017-2026)
|Peracetic Acid - Global Market Outlook (2017-2026)|
Published: November 1, 2018
Stratistics Market Research Consulting
Content info: 133 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Peracetic Acid Market is accounted for $550.45 million in 2017 and is expected to reach $1,326.54 million by 2026 growing at a CAGR of 10.3% from 2017 to 2026. Some of the factors such as increasing demand in various industries like food processing and growing water treatment procedures are fuelling the market growth. However, factors such as lack of knowledge of the product and high cost are restraining the market growth. Peracetic acid market provides ample opportunities to new key players owing to the favorable regulatory scenario and growing awareness about its usage.
Peracetic acid (PAA) or peroxy acetic acid is a pale and highly acidic liquid. Hydrogen peroxide and acetic acid are used as chief component in commercial manufacturing of Peracetic acid. These are used in various products with concentration ranging from 5%-35% content. This acid is one of the most effective oxidizing agents after ozone. It is highly water soluble and does not produce any health and environmentally hazardous by products. It is used as an antimicrobial in various industrial as well as household processes. It can be used as a cooling tower water disinfectant, where it prevents biofilm formation and controls bacteria.
Amongst End User, Food & Beverage segment accounted held significant market share during the forecast period. In food industry Peracetic acid is commonly used as a preservative for meat and poultry and fisheries products. Moreover, mounting command of Peracetic acid in various beverages application is also acting as a leading growth driver for this segment. By geography, Asia Pacific dominated the market due to the promising economic countries in the region such as China, and India is likely to experience a rapid surge in demand for Peracetic acid, from different industries, hence promoting the growth of the market in this region.
Some of the key players in Peracetic Acid market include Solvay SA, Peroxychem, National Peroxide Ltd., Mitsubishi Gas Chemical Company, Kemira OYJ, Jubilant Life Sciences, Evonik Industries AG, Enviro Tech Chemical Services, Ecolab Inc., Airedale Chemical, Warwick Chemicals, Stockmeier Group, Sopura, Quaron, Novadan APS, Mar Cor Purification, Christeyns, Chemtex Speciality, Biosafe Systems, Belinka Perkemija, Aditya Birla Chemicals and Acuro Organics Limited.
End Users Covered:
What our report offers:
NOTE: Tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner above.