The global peracetic acid market is expected to reach USD 1.22 billion by
2025, according to a new report by Grand View Research, Inc. The effectiveness
of peracetic acid as a biocide and versatility of its usage are expected to
drive the industry growth.
Peracetic acid is a colorless liquid having strong oxidizing properties.
Food & beverages industry faces various issues due to microbial
contamination. It is effective in curbing this activity thus finding widespread
applications in the industry. Food & beverage industry has witnessed a
positive growth in the recent past, and this trend is expected to continue over
the forecast period thus benefitting the market demand.
Peracetic acid, unlike chlorine and sodium hypochlorite, does not degrade
into environmentally harmful by-products. Also, it possesses more oxidizing
potential than other disinfectants. Growing awareness regarding ill effects of
chlorine in water treatment has also prompted the use of peracetic acid.
Various government agencies have approved peracetic acid for direct
contact usage in food & beverages applications. Also, environmental
regulations are also expected to favor the market growth. Companies have been
focusing more on high growth markets such as Asia Pacific to establish manufacturing
units in the region to increase their presence.
In depth research report
on Peracetic Acid Market
Further key findings from
the report suggest:
•
The global peracetic acid market demand exceeded 200 kilo tons in 2015
and is expected to surpass 400 kilo tons by 2025, growing at a CAGR of 7.6%
over the forecast period
•
Water treatment is expected to witness the highest growth over the
forecast period. Broad spectrum usage, effectiveness and compatibility with
existing water treatment infrastructure are the primarily attributed reasons
for this scenario.
•
Peracetic acid products suiting specific applications have been
developed. This increases the effectiveness of the product used in the
particular application.
•
Food & beverages application was the leading application segment and
accounted for over 30% of total market volume in 2015. It does not leave any
harmful residue on the food. It is effective in containing microbial activity
and hence is widely used in the processing of products such as fresh
vegetables, fruit and meat.
•
Europe was the leading consumer and accounted for 38.9% of total market
volume in 2015. Asia Pacific is expected to witness the highest growth of 8.3%
over the forecast period.
•
Occupational exposure to peracetic acid is a cause of concern for
manufacturers. However, companies are ensuring strict adherence to guidelines
such as Globally Harmonized System of Classification and Labeling of Chemicals
(GHS)
•
Key industry participants include Solvay S.A., PeroxyChem, Evonik
Industries and Airedale Chemical Company.Companies have been trying to gain
market share by developing innovative product portfolio.
Grand View Research has segmented the peracetic acid market on the basis
of applicationand region:
Peracetic Acid
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
•
Food & Beverages
o
Bottling & beverages
o
Fresh produce
o
Meats, poultry & seafood
•
Health Care
o
Medical
o
Surgical
o
Dental
•
Pulp & Paper
o
Bleach
o
Others
•
Water treatment
o
Tertiary disinfectant
o
CSO disinfectant
o
Blend disinfectant
o
Others
•
Other applications
Peracetic Acid Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
•
North America
o
U.S.
o
Canada
o
Mexico
•
Europe
o
Germany
o
France
o
UK
•
Asia Pacific
o
China
o
India
o
Japan
•
Central & South America
o
Brazil
•
Middle East & Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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