Peroxyacetic Acid Market/Peracetic Acid Market Report, 2020- 2027
The Peroxyacetic Acid/Peracetic Acid Market size was estimated at $1,717.4 Million in 2019 and is expected to reach $2,757.7 Million by 2027, growing at a CAGR of 7% during the forecast period of 2020 to 2027.
Peracetic Acid Market Growth Factors
Peroxyacetic acid also known a peracetic acid is the new champion amongst disinfectant scenario. Lucrative growth advantage has been put forth by pulp and paper, water treatment, food and beverages, healthcare and sanitization industry. The demand in these sectors is on such a rise because of the product’s effectiveness in eliminating pathogens such as fungi and bacteria, disinfection, bleaching and sterilization. Peracetic acid is safe and does not threat to aquatic life. Furthermore, its applications mostly decompose into the environment and do not leave unsafe buildup. Hence, it has surpassed substitutive biocides such as chlorine and sodium hypochlorite.
The global rising population with a preference for clean water by users is driving the product market. It is expected that the product market would amount to $1.63 billion in the next 5 years. Peracetic acid can be used in the already built infrastructure setup and finds a place in household, agriculture and laundry sector. Peroxyacetic acid is used as antimicrobial in bathrooms, washrooms, medicinal offices, rural premises. Other avenues exploited by the product market are in maintaining equipment plants, therapeutic supplies and also water purifiers.
With the onset of COVID-19 the governments of several nations are providing funding for aiding in the development of advanced technology for peroxyacetic acid.
The peroxyacetic acid market is dynamic and to be driven by growing food demand including packaged food. In the food industry, the product is widely used as an anti-microbial for the preservation of meat, poultry and fisheries, wineries, beverage plants, bottling, and as pasteurizers. The US Food and Drug Administration (FDA) as a safe chemical to protect food for a longer time.
However, exposure to peracetic acid can cause burns and other severe reaction on eyes, skin and respiratory organs due to its highly corrosive nature. It can also cause health issues if used in higher dosages. In addition, the availability of raw material, uncertain prices and lack of product management skills in household consumers are some threats which could possibly restrict the growth of the market
Peroxyacetic Acid Market Segmentation
Peracetic Acid Market Country Analysis
Peroxyacetic acid has a growing demand across the globe due to the increasing usage in the food, water treatment, healthcare, and pulp & paper industries. The growing need for packaged food and clean water are the major growth stimulants in the peroxyacetic acid market. This growth is anticipated to get the market to a value of $1092.5 million by 2027. Currently, Europe is the largest market for peroxyacetic acid. Following closely are North America and Asia Pacific markets. Major contributors to this growth include Solvay Chemicals, Ecolab, Evonik Industries, Aditya Birla Chemicals, Christeyns, Promox S.P.A, Seitz Gmbh, Enviro Tech Chemical Services, and Peroxychem.
Peroxyacetic Acid Market Share and Competition
Some of the major key players in the industry of Peroxyacetic Acid are Kemira Chemicals, Mitsubishi Gas Chemicals, Seitz GMBH, Aditya Birla Chemicals, Ecolab, Solvay Chemicals, Peroxychem, Evonik Industries, Enviro Tech Chemical Services, Helios Group, Christeyns and Promox S.P.A. The top manufacturers of the chemical are rising in the world of chemistry and its new inventions. They majorly hold the regions of North America, Europe and Asia Pacific. The manufacturing of the chemical is huge in these regions. Other companies are urging these manufacturers of the product to move their market to the regions of Africa, Latin America, and Middle East. There is a rising demand of the chemical in production of various daily life products in the areas like Africa and Middle East.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Grade Analysis (Revenue, USD Million, 2020 - 2027)
• Solution grade
• Distilled grade
Application Analysis (Revenue, USD Million, 2020 - 2027)
End-use Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Food & beverage
• Water treatment
• Pulp & paper
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Peroxyacetic Acid Market Companies
• Solvay (Belgium)
• PeroxyChem Llc. (US)
• Evonik Industries AG (Germany)
• Kemira Ojy (Finland)
• Belinka Perkemija (Slovenia)
• Promox S.P.A (Italy)
• Aditya Birla Chemicals (Thailand)
• Ecolab Inc. (US)
United States Peroxyacetic Acid Market Industry Research Report
Europe Peroxyacetic Acid Market Industry Research Report
Asia Pacific Peroxyacetic Acid Market Industry Research Report
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