According to a new report published by Proficient Market, titled, ”Global Peracetic Acid Market by Product Type (Less than 5% PAA, 5%-15% PAA and About 15% PAA) and by End-Users/Application (Water Treatment, Healthcare, Food & Beverages, Pulp & Paper and Other) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2014 – 2026″ The report has offered an all-inclusive analysis of the global peracetic acid market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
According to the report, Global peracetic acid Market in 2019 stood at USD 728.46 million and is expected to reach USD 1,285.28 million by 2026 growing at a CAGR of 8.38% from 2019 to 2026.
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Peracetic acid/peroxyacetic acid, is an organic compound that is a colorless liquid, highly corrosive and has a characteristic pungent odor like that of acetic acid. It is formed naturally in the environment through various reactions, it is sold in a liquid form as it is mixed with hydrogen peroxide and acetic acid to maintain its stability. Peracetic acid was first used as an antimicrobial agent for enclosed use on and surfaces but now it is used in various areas like: dairy & cheese processing plants, on food processing equipment, in pasteurizers, in breweries, cooling tower water disinfectant as it prevents biofilm formation, wineries, and beverage plants, food establishments, medical facilities, home bathrooms, disinfection of medical supplies, to prevent biofilm formation in pulp industries, and as a water purifier and disinfectant.
Peracetic Acid Market Key Players: The research study includes profiles of leading companies operating in the global peracetic acid market. Key players profiled in the report include: Evonik, Kemira, PeroxyChem, Solvay, Enviro Tech Chemical, BioSafe Systems, Mitsubishi Gas Chemical, Shepard Bros and Others.
On February, 2019 PeroxyChem LLC Installed Peracetic Acid Wastewater Disinfection System: PeroxyChem LLC obtained final acceptance from the City of Memphis to start operation of its peracetic acid (PAA, Financial) disinfection system at the Maynard C. Stiles Wastewater Treatment Facility in Memphis, Tennessee. After extensive research and testing, the City of Memphis determined PAA is the most cost-effective disinfection method for the City’s wastewater treatment facilities. The system includes storage tanks, chemical feed pumps and a control system that enables automatic PAA dose adjustment in response to changes in influent water quality parameters.
Drivers for the Global Peracetic Acid Market: Rising demand of disinfectants and food preservation chemicals are increasing by various industries globally hence this is owing to increase the disposable income and growth for the market. The major driver for the peracetic acid market are food processing (preservation of meat, fish and various other preserved foods) due to its antimicrobial property as food can be preserved for a longer time, beverage industry and also various industries like healthcare (use it as a cleaning disinfectant and various other personal care applications). These industries are owing to positively affect the peracetic acid market.
Opportunities for the Global Peracetic Acid Market: Moreover, the increased use of bio based chemicals and its innovative use upsurge the manufacturing of the acid, rising demand for treating water bodies due to excess pollution, thriving food industry uses it for preservation and healthcare sector to have a hygienic environment and disinfect the hospitals. Hence these aid in providing a wide range of opportunities for the market in the future.
Restrains for the Global Peracetic Acid Market: However, peracetic acid can cause harmful health effects if not used in correct proportions as it can affect the respiratory organs, skin, eyes and also can cause severe burns, allergy and if a large quantity of the acid is ingested it can cause highly severe health issues. Hence these factors can majorly hamper the growth of the market.
Region Wise, Global Peracetic Acid Market Analysis: Europe held major share in the market because of general economic conditions; technological advancements, continuous research and development government spending to improve the water treatment and healthcare actions and investment in new technologies. Besides, North America and China held large share in the Peracetic acid market.
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Global Peracetic Acid Market: Product analysis
Less than 5% PAA
About 15% PAA
On the basis of type, about 15% paa accounted for largest share of total revenue generated. Because, it lacks harmful decomposition products and enhances removal of organic material with no residual remains.
Global Peracetic Acid Market: Application analysis
Food & Beverages
Pulp & Paper
The demand of Global Peracetic Acid Market is highest from pulp & paper, as the paper and pulp is one of the largest industry and peracetic acid is used in treatment and bleaching of hardwood & bamboo and also enhances the final pulp brightness.
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Global Peracetic Acid Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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