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