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.
Browse full research report on Peracetic Acid Market: http://www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/disinfectants-and-preservatives
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
- Bottling
& beverages
- Fresh
produce
- Meats,
poultry & seafood
- Health
Care
- Medical
- Surgical
- Dental
- Pulp
& Paper
- Bleach
- Others
- Water
treatment
- Tertiary
disinfectant
- CSO
disinfectant
- Blend
disinfectant
- Others
- Other
applications
Peracetic Acid Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
- Saudi
Arabia
Access press release of this research report by Grand
View Research: http://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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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