Peracetic acid, also known as peroxyacetic acid in the chemical industry, is an organic colorless liquid with relatively more pungent odor similar to that of acetic acid. Peracetic acid is widely used as an antimicrobial agent in several household as well as industrial processes including agricultural processes, food establishment, medical facilities lavatories, pasteurizers in breweries, dairy processing plants, beverage plants and wineries among others. Peracetic acid is also broadly utilized as a major disinfectant for medical supplies and is widely employed to prevent the formation of biofilm in pulp industries. Rising demand for peracetic acid, especially in food and beverage processing industries is projected to fuel the global peracetic acid market over the forecast period.
The peracetic acid market is mainly fueled by several crucial factors such as increasing application of peracetic acid in several allied end-use industries such as beverage and food processing industries. Peracetic acid got its first recognition from the United States Food and Drug Administration (FDA) as safe chemical and antimicrobial to protect food for a relatively longer time. Moreover, increasing demand for peracetic acid in several beverage processing applications is another major aspect acting as a leading growth driver in the global peracetic acid market. Nevertheless, the conventional applications of peracetic acid including healthcare, industrial cleaning disinfectants and personal care is growing, which in turn is accelerating the global peracetic acid market growth. In addition, advancements in manufacturing technology coupled with increasing popularity of bio-based chemicals as well as development and introduction of innovative techniques developed for the employment of peracetic acid in several new applications in an array of wide range of products is anticipated to lay bright opportunities for the global peracetic acid market over the forecast period. Peracetic acid is widely being used in beverage, food, medical and pharmaceutical industries over the past few years. The oxidation potential of peracetic acid is relatively higher as compared to other disinfectants and hence it is being widely used in water and wastewater treatment across the globe.
The global peracetic acid market can be segmented on the basis of type, application and region. On the basis of type, the global peracetic acid market can be segmented into disinfectant, sanitizer, sterilant and others. On the basis of application, the global peracetic acid market can be segmented into healthcare, water treatment, food, paper & pulp, and others. On the basis of region, the global peracetic acid market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific. The robust demand in Asia-Pacific is expected to be the major driving factor for the growth of global amines market. China is anticipated to account for the largest share and lead the overall demand for amines owing to the increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.
Major players operating in the global peracetic acid market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the key players involved in the manufacture and supply of peracetic acid include Mitsubishi Gas Chemicals, Kemira Chemicals, Aditya Birla Chemicals, Seitz GmbH, Solvay Chemicals, Ecolab, Evonik Industries, Peroxychem, Helios Group, Enviro Tech Chemical Services, Promox S.P.A. and Christeyns among others.
Market by Type
Market by Application
· Water treatment
· Paper & pulp
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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