Albany, NY -- (SBWIRE) -- 04/08/2015 -- A recent study by Transparency Market Research (TMR) forecasts that the global peracetic acid market will grow at a CAGR of 7.3% between 2014 and 2020. TMR, a market intelligence company based in the U.S., states that the global peracetic acid market will reach a market value of US$652.9 million by 2020, growing from US$398.7 million in 2013. The report, titled 'Peracetic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020', is available for sale on TMR's website.

According to this market research report, the expanding food and beverages and water treatment markets drive the demand for peracetic acid. In the chemical industry, peracetic acid is used as an effective disinfectant.Peracetic acid refers to a strong oxidizing agent that is produced by the chemical reaction between acetic acid and hydrogen peroxide. Catalysts are also used in this chemical reaction. Low concentrations of peracetic acid are used in the food and beverages industry. This acid is used extensively in the paper and pulp bleaching industry due to its strong capability of oxidation.

The TMR report segments the global peracetic acid market on the basis of end users and geography. The prime end users of peracetic acid are industries such as agriculture, pulp and paper bleaching, food and beverages, water treatment, medical, and others. In 2013, with a market share exceeding 25%, food and beverages was the largest segment in the overall peracetic acid market. This segment is also anticipated to witness robust growth in the next six years. The expansion of the food and beverages segment can be attributed to a rapidly growing global population and the consequent rise in the consumption of food and beverages, including frozen meat products and different types of non-aerated and aerated drinks. The segment for water treatment is also anticipated to expand significantly because of high demand for safe and clean water for industrial applications and household use.

Get Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2941

Geographically, this market research report categorizes the global peracetic acid market into Asia Pacific, Europe, North America, and the Rest of the World. In 2013, North America dominated the global peracetic acid market with a market share of more than 30%. Surging demand for peracetic acid from industries such as water treatment and food and beverages is anticipated to propel the global market for peracetic acid in the forthcoming years. However, it is Asia Pacific that will lead the overall peracetic acid market during the forecast period owing to high demand for peracetic acid from economies such as India and China. The Rest of the World segment will also witness significant growth of the peracetic acid market owing to high demand from the Middle East and Latin America. The ill-effects of prolonged exposure to peracetic acid are a prominent growth restraint on the overall peracetic acid market.

Browse the full Peracetic Acid Market for Food and Beverages, Pulp and Paper Bleaching, Water Treatment, Medical, Agriculture and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/peracetic-acid-market.html

Some of the key market players in the global peracetic acid market include Diversey Inc., PeroxyChem LLC, Evonik Industries, Kemira Oyj, and Solvay S.A.

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: 518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com