Peracetic Acid Market to grow at 8.5% CAGR up to 2025
The market research report “Peracetic Acid Market Size By Product (Solution Grade, Distilled Grade), By End-user (Food & Beverage, Pulp & Paper Bleaching, Water Treatment, Medical, Agriculture), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025” by Global Market Insights, Inc. says Peracetic Acid Market to surpass USD 1.2 billion by 2025; driven by increased product demand in food and beverage industry.
Earlier the main usage of peracetic acid (PAA) was in the food & beverage industry as a disinfectant and cleanser. In modern times, the product finds extensive application as an antimicrobial in food & beverages as well as a disinfectant in various end-user industries. In water purification and treatment, the product finds usage for plumbing disinfection. Increasing needs for water purification due to rising pollution is said to foster the peracetic acid market demand in the coming days.
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Health hazards related to the product is said to decrease the pace for peracetic acid market growth. Prolonged contact and inhalation of PAA might result in eyes and skin allergic reactions as well as result in heavy respiration. These chronic health hazards are said to be a restraining factor for the peracetic acid market in the coming years.
The distilled grade product is obtained from the solution grade by processing. The product does not need inventory and can be produced on site as well. Demand for the product in specific applications is said to support the distilled grade peracetic acid market demand in the coming days. The U.S. distilled grade peracetic acid market is said to surpass USD 40 million by the end of 2025.
Solution grade product finds application in various end-user industries. The concentration levels of the product relatively changes its applications in various stages. For instance, about 5% peracetic acid is used as an anti-microbial for non-porous and hard food contact surfaces such as breweries plants, wineries plants, meat & poultry processing packaging, seafood processing and packaging, milk and dairy products processing and packaging, etc. The global solution grade peracetic acid market is said to surpass USD 550 million by the end of 2025.
On the basis of end-user industries, the product finds applications in food & beverage industries as a sanitizer for filters, pipes, tanks, evaporators and other such equipment in food packaging and processing plants, wineries, breweries, dairies, meat and egg processing and packaging equipment, etc. The food & beverage segment held a major market share in 2017 and is said to and will surpass USD 300 million by 2025.
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Asia Pacific led by China is said to hold the maximum industry share by the end of the forecast period owing to the highest growth rate of the region. Increasing pulp and paper bleaching activities in the region along with presence of agrarian economies is said to propel the peracetic acid market demand in the Asia Pacific region.
There are large number of large and small companies present in the industry. Entities present in the peracetic acid market include Enviro Tech Chemical, SEITZ, Loeffler Chemical, Mitsubishi, Hydrite Chemical, Evonik, Solvay, Airedale Chemical, Kemira and Diversey to name some.
Browse key industry insights spread across 170 pages with 221 market data tables & 22 figures & charts from the report, Peracetic Acid Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/peracetic-acid-market
Peracetic acid market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2014 to 2025, for the following segments:
Peracetic Acid Market, Product By End-user
Solution grade
Food & Beverage
Pulp & Paper Bleaching
Water Treatment
Medical
Agriculture
Others
Distilled grade
Food & Beverage
Pulp & Paper Bleaching
Water Treatment
Medical
Agriculture
Others
Peracetic Acid Market, By End-user
Food & Beverage
Pulp & Paper Bleaching
Water Treatment
Medical
Agriculture
Others
The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Russia
Asia Pacific
China
India
Japan
Australia
Indonesia
Malaysia
South Korea
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
About Global Market Insights
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