PERACETIC ACID MARKET ANALYSIS

The global peracetic acid market is growing at substantial rate, owing to the rising demand from various end users such as food and beverages, pulp and paper, medical, and agriculture, among others across the globe. It is also used as an effective bactericide and fungicide, especially in food processing applications. Peracetic acid is produced by the auto-oxidation of acetaldehyde and is usually available as a colorless liquid with a pungent odor. It is an unchlorinated by-product and has non-corrosive & non-foaming reactions, followed by a wide temperature range and higher oxidation potential.

Market Dynamics

The growing demand for peracetic acid from the water treatment industry is propelling the market growth. Further, increasing global population is another major factor driving the growth for peracetic acid. This is expected to boost the demand for food and beverages and thereby fuel the growth of the global peracetic acid market during the forecast period. For instance, according to the World Bank data, the global population was pegged at 7.3 Billion in 2014 which increased to 7.7 Billion in 2019.

Disinfectants, sanitizers, chemical sterilant, and other biocide chemicals play an essential role in preventing microbial growth. Peracetic acid is an effective product and is generally used as an environment friendly alternative to chlorine for wastewater treatment. It is an ideal replacement for chlorine as a bleach and disinfectant. Peracetic acid is one of the innovative developments in the biocide industry because of its performance benefits. Product awareness and favorable features are attracting the end users to make use of this product. Thus, the growing demand for peracetic acid in various applications is driving the market in various in various end-use industries. 

Key features of the study:

• This report provides an in-depth analysis of global peracetic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global peracetic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Kemira Oyj, Solvay S.A., Promox S.p.A., Evonik Industries, Ecolab Inc., Thai Peroxide Limited, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC and Diversey Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global peracetic acid market report caters to various stakeholders in this industry including investors, suppliers, peracetic acid market manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global peracetic acid market

Detailed Segmentation:

• Global Peracetic Acid Market, By End User:
  • Food and Beverages
  • Pulp and Paper Bleaching
  • Water Treatment
  • Medical
  • Agriculture
  • Others
•  Global Peracetic Acid Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
    • Rest of the World
• Company Profiles
  • Kemira Oyj
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Solvay S.A.
  • Promox S.p.A.
  • Evonik Industries
  • Ecolab Inc.
  • Thai Peroxide Limited
  • Mitsubishi Gas Chemical Company, Inc.
  • PeroxyChem LLC
  • Diversey Inc.

 “*” marked represents similar segmentation in other categories in the respective