(Food-Beverage-News.Com, September 18, 2018 ) The Peracetic Acid Market was worth USD 416.53 million in 2014 and is expected to reach approximately USD 827.10 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.92% during the forecast period. The expanding usage of peracetic acid (PAA) as a disinfectant, sanitizer and bleaching agent in applications such as food & beverages, water treatment and healthcare is the major factors driving development of the market. Key organizations are making use of their assets, for example, R&D, sourcing channels to endeavor to expand their impression in developing locales. Likewise, privately owned businesses, with the assistance of government offices, are attempting to sum up use of peracetic acid in applications, for example, water treatment.
Application Outlook and Trend Analysis Food & beverages was the major application fragment and the interest for it was 62.80 kilo ton in 2015. The viability of peracetic acid in microbial pollution and improvement of application-based products are the essential supporters of this demand. Water treatment application demand is anticipated to develop at a significant CAGR over the estimate time frame. Government activities to teach peracetic acid to treat wastewater are foreseen to profit the market.
Regional Outlook and Trend Analysis North American peracetic acid market demand was more than 60 kilo tons in 2015 and is anticipated to develop at a direct development over the conjecture time frame. Solid demand from sustenance and refreshment division in the locale and expanding usage of PAA in water treatment are adding to this demand.
Competitive Insights The leading players in the market Evonik Industries, Diversey Inc, Solvay S.A, Peroxychem, Ecolab, Airedale Chemical and FMC Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Peracetic Acid Market is segmented as follows-
By Application: Health Care Surgical Dental Medical Water treatment CSO disinfectant Blend disinfectant Tertiary disinfectant Others Food & Beverages Fresh Produce Meats, poultry & seafood Bottling & beverages Pulp & Paper Bleach Others Other applications
By Region North America The U.S. Canada Mexico Europe Germany UK France Russia Italy Rest of Europe Asia-Pacific China Japan South Korea India Southeast Asia Rest of Asia-Pacific South America Brazil Argentina Columbia South Africa Rest of South America The Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
