The Continuously Rising Hygiene and Antimicrobial Safety Concerns Across The Globe, Technological Advancements And A Bid To Minimize The Spread Of Infections, Promote Safe Consumption Are The Key Factors Contributing To The High CAGR In The Forecast Period.
According to the current analysis of Reports and Data, the global Peracetic Acid market was valued at USD 815.1 Million in 2020 and is expected to reach USD 1.48 Billion by year 2028, at a CAGR of 7.80%. The study covers the genre of chemicals and materials with special focus on the Peracetic Acid market. Peracetic acid (CH3CO3H), also known as Peroxyacetic acid (PAA), is an organic compound used for antimicrobial purposes. It is a colourless liquid with the specific acrid odour indicative of acetic acid. The compound is a combination of two versatile compounds namely, Hydrogen Peroxide and Acetic acid. It is manufactured industrially by autoxidation of acetaldehyde. This compound is formed upon the treatment of acetic acid with hydrogen peroxide and a strong acid catalyst. The rapid growth in the population, changing lifestyles and eating habits of consumers are said to be the triggering factors for the industries, especially for the developed and developing countries. The versatility of application has been the main factor propelling the market. The rising concerns for safety and improving health of the people has been one of the driving factors in the market. However, high costs and insufficient awareness among the people have been the main restraining factors.
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Top Companies Profiled In The Report: Biosafe Systems, Peroxy Chem, Airedale Chemical, Evonik, Aditya Birla Chemicals, FMC Corp. And Solvay S.A
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest Of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest Of APAC)
- Latin America (Chile, Brazil, Argentina, Rest Of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest Of MEA)
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Market Segmentation:
Application (Revenue, USD Million; 2020–2028)
- Bactericide And Fungicide
- Bleaching Agent
- Sterilizing Agent
- Polymerization Catalyst
- Sanitizing Agent
Type (Revenue, USD Million; 2016-2028)
- Solution Grade
- Distilled Grade
End Use (Revenue, USD Million; 2020–2028)
- Food And Beverage:
- Fresh Produce
- Dairy
- Breweries
- Wineries
- Meat, Poultry And Seafood
- Agriculture
- Water Treatment
- Medical And Healthcare
- Paper And Pulp
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Table Of Contents:
Report Overview
1.1 Research Scope
1.2 Key Peracetic Acid Market Segments
1.3 Major Players
1.4 Market Analysis By Product Type
1.5 Market Analysis By Application
1.6 Report Timeline
Global Growth Trends
2.1 Global Peracetic Acid Market Size
2.2 Latest Regional Market Trends
2.3 Emerging Growth Trends
Competitive Outlook
3.1 Global Peracetic Acid Market Key Players
3.2 Global Peracetic Acid Size By Manufacturers
3.3 Products Of Major Players
3.4 Entry Barriers In The Peracetic Acid Market
3.5 Mergers, Acquisitions, Joint Ventures, And Other Strategic Alliances
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