San Francisco, 20 December 2018: The Report Peracetic Acid Market Analysis By Application (Food & Beverages (Fresh Produce,
Meat, Poultry & Seafood), Healthcare (Surgical, Dental), Pulp & Paper,
Water Treatment (Tertiary Disinfectant, CSO Disinfectant, Blend Disinfectant))
And Segment Forecast To 2025
Based on a report published by
Grand View Research, Inc.; the global peracetic acid market is projected to attain
around USD 1.22 billion by 2025. Increasing use of Peracetic Acid (PAA) as a
sanitizer, disinfectant, and bleaching agent is anticipated to drive the
market. Versatile application in water treatment, food and beverages, and
healthcare are projected to propel growth during the forecast period (2014 to
2025).
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| Peracetic Acid Market |
Rising awareness about adverse
effects of chlorine in water treatment has increased demand for peracetic acid.
The product does not produce halogenated Disinfection By-Products (DBPs). Hence,
it has lower level of toxicity than chlorine. Effective use as a biocide is
also expected to boost the market growth in near future. This acid can provide better
bacterial inactivation at lower cost than other techniques. Also, its oxidation
potential is higher as compared to other disinfectants. Therefore peracetic
acid is gaining popularity when it comes to water treatment application.
Access Research Report of Peracetic Acid Market@ www.grandviewresearch.com/industry-analysis/peracetic-acid-market
However, concentrated form of Peracetic
acid could be dangerous and should be handled carefully due to its corrosive
nature. Direct contact with the compound can lead to instant eye and skin burns.
It is also inflammable when its concentrated form is soaked in organic products
such as oily materials, wood, and tags. Hence, guidelines such as Globally
Harmonized System of Classification and Labeling of Chemicals (GHS) have been set
to prevent such events.
The worldwide peracetic acid
market can be segmented on the basis of application and region. Based on
application, the market can be split into food and beverage, health care, pulp and
paper, water treatment, and others. Food and beverage emerged dominant with over
30% market share in terms of volume in 2015. Peracetic acid effectively
controls microbial contamination. This factor is anticipated to propel the
product demand. Development of various application-based products can further
fuel the growth. Water treatment segment is estimated to rise at the highest
CAGR of 8.0% owing to government efforts to promote the use of PAA in waste
water treatment.
Browse more reports of this category by
Grand View Research at: www.grandviewresearch.com/industry/disinfectants-and-preservatives
Geographically, the market for
peracetic acid can be divided into North America, Europe, Asia Pacific, Central
and South America, and Middle East and Africa. In 2015, Europe acquired the
largest market share of 38.9% in terms of volume. Strong presence of
application industries and rising product adoption are expected to propel the
regional growth.
North America is estimated to expand
moderately during the forecast period. Growing utilization in water treatment coupled
with healthy demand from food and beverage is driving regional growth. Efforts
from government as well as private companies to promote the usage in water
treatment has increased the regional demand in this region. For instance, earlier,
Solvay S.A. formed contract with the U.S. Environmental Protection Agency (EPA)
to carry out tests regarding the product use in water treatment. Asia Pacific
is anticipated to display strong growth of 8.3% during the forecast period.
Key companies operating in the
peracetic acid market include Ecolab, Inc.; Diversey, Inc.; Solvay S.A.;
Mitsubishi Gas Chemical Co.; and Aditya Birla Chemicals. Most companies focus on
R&D activities, innovation, and sourcing channels to expand their presence
in emerging markets. Market players also focus on providing technical
assistance and troubleshooting. Supportive regulatory framework and growing
awareness about usage of the compound are anticipated to create avenues for the
new entrants.
Access
Press Release of Peracetic Acid Market@
www.grandviewresearch.com/press-release/global-peracetic-acid-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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