The global peracetic acid market is estimated to reach USD 783.3 Million by 2020, registering a CAGR of 8.33% between 2015 and 2020. The market is driven by its unique properties such as delivery of optimum performance, emission of safe by-products, long shelf life, and slow thermal degradation. This is the prime factor responsible for the high demand of peracetic acid.
Browse 82 market data tables and 55 figures spread through 142 Pages and in-depth TOC on "Peracetic Acid Market by Type (Disinfectant, Sanitizer, Sterilant, & Others), by Application (Food, Healthcare, Water Treatment, Pulp & Paper, & Others), by Region, (North America, Europe, Asia-Pacific, & RoW) - Global Forecast to 2020"
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The market is driven by high demand from the healthcare, food, water treatment, and pulp & paper industries.. Among all regions considered, Asia-Pacific and RoW are projected to witness strong growth in the next five years. The demands in these regions supported by emerging markets such as China, India, Brazil, and Mexico.
Peracetic acid is used in various applications such as food, healthcare, water treatment, and pulp & paper, and others. In 2015, the food application segment accounted for the largest market share among all the applications, in terms of value, followed by healthcare, water treatment, and pulp & paper applications. The market in the food application segment is projected to witness the highest CAGR between 2015 and 2020, in terms of volume.
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Food industry is the largest application of peracetic acid
Peracetic acid is used in various applications such as healthcare, food, water treatment, pulp & paper, and others. In 2015, the food application segment accounted for the largest market share among all the applications, in terms of value. The food application segment is followed by healthcare, water treatment, and pulp & paper applications. The peracetic acid market in the food application segment is projected to witness the highest CAGR between 2015 and 2020, in terms of volume.
Rising demand in Asia-Pacific is the major driver for growth of peracetic acid market
In 2015, Europe is estimated to account for the largest market share, in terms of volume. However, the robust demand in Asia-Pacific is expected to be the major driving factor for the growth of the global peracetic acid market. China is expected to lead the demand for peracetic acid due to increased industrial production in the last 3–4 years. China is also among the leading consumer of peracetic acid at the global level. The markets in other emerging economies such as Brazil, India, and Mexico are also projected to grow rapidly.
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The scope of the report covers detailed information regarding the major factors influencing the growth of the peracetic acid market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
The players profiled in the peracetic acid market report are Solvay AG (Belgium), Ecolab (U.S.), Kemira Ojy (Finland), Evonik Industries AG (Germany), Mitsubishi Gas Chemical Company (Japan), PeroxyChem Llc. (U.S.), Airedale Chemical (U.K.), Enviro Tech Chemical Services Inc. (U.S.), SEITZ GmbH (Germany), Belinka Perkemija (Slovenia), Aditya Birla Chemicals (Thailand), Christeyns (Belgium), and Promox S.P.A. (Italy).