Pune, India -- (SBWIRE) -- 11/15/2017 -- Key Market Players:
- Solvay Chemicals
- Evonik Industries
- Aditya Birla Chemicals
- Promox S.P.A
- Enviro Tech Chemical Services
- Seitz Gmbh
Market Analysis of Peroxyacetic Acid Market:
This chemical is commercially sold in its refined structure, distilled or as a 1-50% solution containing hydrogen peroxide acidic acid and water. Peroxyacetic Acid is considered ad the most grounded oxidizing agent with a scope of applications including sanitization, disinfection, bleaching and sterilization. These applications mostly decompose in to the environment and do not leave any unsafe buildup. These flexible properties of the chemical settle on it the favored choice of different family, households and end users.
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Peroxyacetic Acid is used in the major applications such as food industry, healthcare industry, water treatment industry, pulp & paper industries and others such as agriculture and laundry. Peroxyacetic acid is utilized as an antimicrobial for indoor hard surfaces, for example, bathrooms, washrooms, medicinal offices, sustenance foundations and rural premises. It can furthermore be utilized as a part of wineries, beverage plants, and bottling works as pasteurizers, on nourishment preparing equipment, in dairy/cheddar handling plants, as disinfectant in therapeutic supplies, in pulp industry for anticipation of bio film development, and as disinfectant and water purifier. It can also be used to protect food for a longer period of time.
The global market for Peroxyacetic Acid Market is expected to touch $1,092.5 million by the end of forecasted year with a CAGR of 7.11%.
The Global Peroxyacetic Acid Market is a very dynamic market and is expected to witness a high growth in coming five years. The demand of Peroxyacetic Acid is poised to be driven by growing food demand, rising population and rising preference for clean water. Furthermore, increasing demand for packaged food has also propelled the demand of Peroxyacetic Acid. Moreover, citing the demand and potentials of Peroxyacetic Acid, the governments of various countries are also providing funds and grants for developing new and advanced technology for Peroxyacetic Acid. However, fluctuating raw material prices and lack of product knowledge are some factors which can hinder the growth of the market up to some extent.
By Types: Disinfectant, Sanitizer and Sterilant
By Application: Food, Healthcare, Water Treatment, Pulp & Paper and Others (Agriculture and Laundry)
- The Global Peroxyacetic Acid Market and is expected to reach $1,092.5 million by 2027
- Disinfectant accounted for the largest market share registering CAGR of 8.37% during the forecast period
- Regionally, Europe holds the largest market share 29%% of Global Peroxyacetic Acid Market and is expected to reach $325.1 million by 2027 from $135.5 million in 2015
- Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 8.02% from 2016 to 2027
- On the basis of applications, food segment holds 27% market share
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