Market Analysis: Global Peracetic Acid Market
The Global Peracetic Acid Market is expected to reach USD 1113.45 million by 2025, from USD 615.55 million in 2017 growing at a CAGR of 7.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Peracetic Acid Market
Peracetic acid or peroxy acetic acid is a colourless but highly acidic and reactive acid. It is obtained by mixing acetic acid and hydrogen peroxide. It is classified as one the most effective oxidizing agent after Ozone and is soluble in water. Contamination in direct form with peracetic acid can cause burns, allergy and other ill effects to the human body and organs. The product is suitable and green and has lesser toxicity as compared to the other substitutes in the market.
Europe holds the highest market share by value and is expected to hold that ranking whereas North America dominates the market in terms of volume during the forecast period with the most demand (around 65 kilo tonnes) coming from the food & beverage industry.
Solvay underwent an agreement with the US Environmental Protection Agency (EPA) for carrying out tests on water treatment and also regarding the usage of peracetic acid (PAA) for the same. Studies related to the economic and commercialization aspects of PAA in water treatment applications were also included in the agreement.
Key Market Competitors: Global Peracetic Acid Market
The key players operating in the global peracetic acid market are –
- Evonik Industries AG
- MITSUBISHI GAS CHEMICAL COMPANY, INC.
The other players in the market are Jubilant Life Sciences Ltd., National Peroxide Ltd, Airedale Chemical, Enviro Tech Chemical Services Inc, PeroxyChem, SEITZ GmbH, BELINKA PERKEMIJA d.o.o., Aditya Birla Chemicals, ACURO ORGANICS LIMITED, Christeyns, STOCKMEIER Group, NOVADAN APS, SOPURA, Quaron, Mar Cor Purification, BioSafe Systems, LLC., Warwick International Group Limited., Chemtex Speciality Limited, Helios Group, FMC Corporation, Diversey Inc, Loeffler Chemical Corporation and Hydrite Chemical among others.
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Competitive Analysis: Global Peracetic Acid Market
The global peracetic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of peracetic acid market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In July 2018, Enviro Tech Chemical Services Inc., upgraded their AR facilities namely Modesto, CA and Helena from SQF certification level 2 to level 3. The firm is the only SQF certified peracetic acid producer in California. With this move the company aims to assure its customers quality and reliability of their products and thus identifies itself as the one among the crowd.
Market Segmented by:
By End Use Industry
- Food & beverage
- Water treatment
- Pulp & paper
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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The Peracetic Acid Market report has been produced with the systematic gathering and analysis of information about individuals or organisations conducted through social and opinion research. The principal areas of market analysis such as market definition, market segmentation, competitive analysis and research methodology are studied very vigilantly and precisely throughout the report. For the clear and better understanding of facts and figures, the data is represented in the form of graphs and charts. Peracetic Acid Market research report assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business.
- Wide acceptance and applications of peracetic acids among end users.
- Rapid innovation and advancement in technologies related to the manufacturing and growing popularity of bio chemicals.
- Approval from US Food and drug Administration (FDA) as antimicrobial.
- High costs of raw materials involved and lack of knowledge regarding biochemicals.
- High reactive nature and hazardous health effects of peracetic acid.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global peracetic acid market.
- Analyse and forecast peracetic acid market on the basis of application and end use industry.
- Trends of key regional and country-level markets for application and end use industry.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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