A detailed report on Global Peracetic Acid providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global Peracetic Acid , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets.
Peracetic acid (PAA) is an organic chemical compound widely used across disinfectant applications, such as disinfectant during water treatment, sanitizer in the food industry, and chemical disinfectant in healthcare. Peracetic acid is considered as one of the most effective agents after ozone and is produced by using acetic acid and hydrogen peroxide.
It is used as an antimicrobial in various industrial as well as household processes, such as breweries, wineries, pasteurizers in beverage, food establishment, agricultural processes, medical facilities, dairy processing plants, lavatories, etc. The natural form of this compound is known as peracetic acid or simply peracetic. There are different forms of this acid available in the market as both as oils and as a powder.
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.
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
Increasing demand for sanitizers, disinfectants, and cleaning supplies due to the COVID-19 outbreak is expected to propel the growth of the peracetic acid market over the forecast period. For instance, in July 2020, NxGen announced the addition of (the United States Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA) registered new product line of commercial, industrial, and residential cleaning supplies, disinfectants, and sanitizers.
Moreover, increasing demand for peracetic acid in various end-use industries such as water treatment, healthcare, food and beverage, etc. is expected to drive the peracetic acid market growth. For instance, in 2019, the Delhi Jal Board, India planned to set up a new sewage treatment plant in New Delhi to restore the water quality of the heavily polluted Yamuna River.
Benefits of peracetic acid over other substitute biocides and growing awareness among people about hygiene are expected to augment the market growth. FMCG (Fast-moving consumer goods) companies ramp up launch of home, personal hygiene products. For instance, in May 2020, CavinKare announced the launch of the Bacto-V brand of disinfectant products. However, lack of awareness among end-user about the product and high production cost is expected to hamper the growth of the peracetic acid market.
The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What are the Key Factors driving Peracetic Acid Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Peracetic Acid Market?
What are the Trending Factors influencing the market shares?
Which are the Global Opportunities for Expanding the Peracetic Acid Market?
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