Published by Coherent Market Insights
Posted on September 28, 2021
Peracetic acid is a liquid chemical product that is highly acidic in nature. It is produced by using hydrogen peroxide and acetic acid. It is considered as one of the most effective agents after ozone. It is widely used across disinfectant applications across various industries especially food industry for cleaning the equipment.
The growing demand for peracetic acid from the water treatment industry is propelling the market growth. Increasing demand for clean water due to growing population and rising concern over water scarcity is propelling the market growth. Rapid industrialization around the globe is again driving demand for clean and treated water. Rise in the paper, textile, and other manufacturing industries across both developed and developing regions is further projected to foster the market growth of peracetic acid.
The global peracetic acid market was accounted for US$ 606.8 Mn in terms of value in 2019 and is expected to grow by 4.6% CAGR over the forecast period (2020-2027).
Top Key Players in Peracetic Acid market: 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.
Regional Analysis For Peracetic Acid Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Peracetic Acid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Rising awareness regarding the eco-friendly trait of peracetic acid is surging its demand around the globe. Growing demand for the product from the medical industry for disinfecting surgical and other medical devices is again surging market growth. Growing concern over curbing the infections coupled with the increasing investment in the healthcare sector by the government is again propelling the market growth. Moreover, growing health and hygiene awareness is further driving the market growth.
The growing demand for disinfecting for household applications due to growing hygiene awareness is expected to bring new market opportunities in the peracetic acid market over the forecast timeframe. For instance, in July 2017, Evonik introduced new disinfectant active Hyprox AS. The active substances HYPROX AS and PERSYNT LC are both approved reference sources as defined under the Biocidal Products Regulation 528/2012.
The expansion of the retail industry around the globe is creating demand for disinfectant products. Moreover, increasing focus of the manufacturer on promoting their products to reach the target consumer is again expected to propel the market growth. An increase in the residential sector coupled with the growing health awareness is again creating demand for biocides products. This is expected to serve major growth opportunities in the near future.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Peracetic Acid market size analysis by development history and growth status appeared first on Gatorledger.
Peracetic acid is a liquid chemical product that is highly acidic in nature. It is produced by using hydrogen peroxide and acetic acid. It is considered as one of the most effective agents after ozone. It is widely used across disinfectant applications across various industries especially food industry for cleaning the equipment.
The growing demand for peracetic acid from the water treatment industry is propelling the market growth. Increasing demand for clean water due to growing population and rising concern over water scarcity is propelling the market growth. Rapid industrialization around the globe is again driving demand for clean and treated water. Rise in the paper, textile, and other manufacturing industries across both developed and developing regions is further projected to foster the market growth of peracetic acid.
The global peracetic acid market was accounted for US$ 606.8 Mn in terms of value in 2019 and is expected to grow by 4.6% CAGR over the forecast period (2020-2027).
Top Key Players in Peracetic Acid market: 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.
Regional Analysis For Peracetic Acid Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Peracetic Acid market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Rising awareness regarding the eco-friendly trait of peracetic acid is surging its demand around the globe. Growing demand for the product from the medical industry for disinfecting surgical and other medical devices is again surging market growth. Growing concern over curbing the infections coupled with the increasing investment in the healthcare sector by the government is again propelling the market growth. Moreover, growing health and hygiene awareness is further driving the market growth.
The growing demand for disinfecting for household applications due to growing hygiene awareness is expected to bring new market opportunities in the peracetic acid market over the forecast timeframe. For instance, in July 2017, Evonik introduced new disinfectant active Hyprox AS. The active substances HYPROX AS and PERSYNT LC are both approved reference sources as defined under the Biocidal Products Regulation 528/2012.
The expansion of the retail industry around the globe is creating demand for disinfectant products. Moreover, increasing focus of the manufacturer on promoting their products to reach the target consumer is again expected to propel the market growth. An increase in the residential sector coupled with the growing health awareness is again creating demand for biocides products. This is expected to serve major growth opportunities in the near future.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Peracetic Acid market size analysis by development history and growth status appeared first on Gatorledger.
