Global Peracetic Acid Market, By Product (Solution Grade, Distilled Grade), Application (Disinfectant, Sterilant, Sanitizer, Others), End-Use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The peracetic acid market is expected to witness market growth at a rate of 7.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on peracetic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of peracetic acid market.
Peracetic acid (C2H4O3), also called peroxyacetic acid, refers to an organic compound that is commonly used as a versatile antioxidizing agent and antimicrobial. The compound is widely utilized as an effective effective bactericide and fungicide. The acid is produced by the autoxidation of acetaldehyde and has a non-chlorinated by-product and non-corroding and non-foaming reactions.
The rise in food processing and beverage industries across the globe acts as one of the major factors driving the growth of peracetic acid market. The surge in usage of peracetic acid (PAA) as a sanitizer, disinfectant, and bleaching agent, and key players using their resources such as research and development, sourcing channels for enhancing their footprint in developing regions accelerate the market growth. The generalization of peracetic acid in applications such as water treatment by private companies, with the help of government agencies, and rise in popularity of the product because of its ability to provide bacterial inactivation performance at a cheaper cost over other disinfection technologies further influence the market. Additionally, expansion of various end use industries, rapid industrialization, and high focus on food sterilization and disinfection positively affect the peracetic acid market. Furthermore, presence of government regulation across various regions extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost and low awareness of benefits are expected to obstruct the market growth. Highly reactive product is projected to challenge the peracetic acid market in the forecast period of 2021-2028.
This peracetic acid market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on peracetic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Peracetic Acid Market Scope and Market Size
The peracetic acid market is segmented on the basis of product, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the peracetic acid market is segmented into solution grade and distilled grade.
- On the basis of application, the peracetic acid market is segmented into disinfectant, sterilant, sanitizer, and others.
- On the basis of end-use industry, the peracetic acid market is segmented into healthcare, food & beverage, water treatment, pulp & paper and others.
Peracetic Acid Market Country Level Analysis
The peracetic acid market is analyzed and market size, volume information is provided by country, product, application and end-use industry as referenced above.
The countries covered in the global peracetic acid market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the peracetic acid market due to the increase in usage of PAA in water treatment and rise in demand from the food & beverage sector within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the increasing technological advancements in developing economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Peracetic Acid Market Share Analysis
The peracetic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to peracetic acid market.
The major players covered in the peracetic acid market report are MITSUBISHI GAS CHEMICAL COMPANY, INC., PeroxyChem, Aditya Birla Chemicals, Ecolab, SEITZ Gmbh, Hydrite Chemical, Loeffler Chemical Corporation, Enviro Tech Chemical Services, Inc., Diversey, Inc, Airedale Chemical, ACURO ORGANICS LIMITED, Solvay, Kemira, and Evonik Industries AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.