Peracetic Acid Market Size Is Anticipated To Reach A Valuation Of USD 1.22 Billion By 2025: Grand View Research, Inc.

November 06 19:10 2018

Grand View Research, Inc. – Market Research And Consulting.
The global peracetic acid market is expected to reach USD 1.22 billion by 2025, according to report by Grand View Research, Inc.The effectiveness of peracetic acid as a biocide and versatility of its usage are expected to drive the industry growth.

Based on a report published by Grand View Research, Inc.; the global peracetic acid market is projected to attain around USD 1.22 billion by 2025. Increasing use of Peracetic Acid (PAA) as a sanitizer, disinfectant, and bleaching agent is anticipated to drive the market. Versatile application in water treatment, food and beverages, and healthcare are projected to propel growth during the forecast period (2014 to 2025).

Rising awareness about adverse effects of chlorine in water treatment has increased demand for peracetic acid. The product does not produce halogenated Disinfection By-Products (DBPs). Hence, it has lower level of toxicity than chlorine. Effective use as a biocide is also expected to boost the market growth in near future. This acid can provide better bacterial inactivation at lower cost than other techniques. Also, its oxidation potential is higher as compared to other disinfectants. Therefore peracetic acid is gaining popularity when it comes to water treatment application.

Full Research Report On Peracetic Acid Market Analysis:

Global peracetic acid market revenue by region, 2014 – 2025 (USD Million)

Global peracetic acid market revenue by region, 2014 - 2025 (USD Million)

However, concentrated form of Peracetic acid could be dangerous and should be handled carefully due to its corrosive nature. Direct contact with the compound can lead to instant eye and skin burns. It is also inflammable when its concentrated form is soaked in organic products such as oily materials, wood, and tags. Hence, guidelines such as Globally Harmonized System of Classification and Labeling of Chemicals (GHS) have been set to prevent such events.

The worldwide peracetic acid market can be segmented on the basis of application and region. Based on application, the market can be split into food and beverage, health care, pulp and paper, water treatment, and others. Food and beverage emerged dominant with over 30% market share in terms of volume in 2015. Peracetic acid effectively controls microbial contamination. This factor is anticipated to propel the product demand. Development of various application-based products can further fuel the growth. Water treatment segment is estimated to rise at the highest CAGR of 8.0% owing to government efforts to promote the use of PAA in waste water treatment.

Geographically, the market for peracetic acid can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. In 2015, Europe acquired the largest market share of 38.9% in terms of volume. Strong presence of application industries and rising product adoption are expected to propel the regional growth.

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Global peracetic acid market revenue share by application, 2015

Global peracetic acid market revenue share by application, 2015

North America is estimated to expand moderately during the forecast period. Growing utilization in water treatment coupled with healthy demand from food and beverage is driving regional growth. Efforts from government as well as private companies to promote the usage in water treatment has increased the regional demand in this region. For instance, earlier, Solvay S.A. formed contract with the U.S. Environmental Protection Agency (EPA) to carry out tests regarding the product use in water treatment. Asia Pacific is anticipated to display strong growth of 8.3% during the forecast period.

Key companies operating in the peracetic acid market include Ecolab, Inc.; Diversey, Inc.; Solvay S.A.; Mitsubishi Gas Chemical Co.; and Aditya Birla Chemicals. Most companies focus on R&D activities, innovation, and sourcing channels to expand their presence in emerging markets. Market players also focus on providing technical assistance and troubleshooting. Supportive regulatory framework and growing awareness about usage of the compound are anticipated to create avenues for the new entrants.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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