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Market News: Peracetic Acid market size, Market Share, Market trends by 2017:2024

08-03-2018 02:21 PM CET | Industry, Real Estate & Construction

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Market News: Peracetic Acid market size, Market Share, Market

Market Study Report adds global Peracetic Acid market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Peracetic Acid Market size will likely surpass USD 850 million by 2024; according to a new research report.

Having garnered exceptional proceeds from the inevitable product demand from the food and beverage industry, peracetic acid market has emerged as a lucrative investment ground for bidding stakeholders in the recent years

Request a sample of this premium Peracetic Acid market Research Report @ https://www.marketstudyreport.com/request-a-sample/467911/

The medical segment market revenue is assessed to exceed USD 35 million by 2024 in Europe, because of regulated healthcare segment and increased patient awareness. The product is used as a sterilant and disinfectant in dentures, tubes, syringes, plastic implants and other medical equipment.
The versatile nature and wide range of applications in different fields has boosted the demand for peracetic acid. Escalating demand of clean water for industrial and household applications will be a fundamental factor leading to the expansion of peracetic acid market in water treatment segment.

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The existence of latest technologies in manufacturing and a strong supply chain in China has led the peracetic acid market to boost at a robust pace. Rising demand of agrochemicals in agricultural sector will augment the product market in Asia Pacific. In Europe, the market for peracetic acid in pulp and paper bleaching sector is foreseen to surpass USD 40 million by 2024 due to soaring technological innovations such as use of sustainable technologies in pulp and paper sector. Rising consumption of processed food in Middle East and Africa will drive the product market. In countries such as U.S., Australia and Canada, there are strict regulations imposed on halogen based chemicals which has advocated the use of the acid.

Outside of the scope is limited worldwide and the product market is consolidated with key manufacturers such as Diversey Inc., Ecolab Inc., Kemira Oyj, Mitsubishi Gas Chemicals, Inc., Thai Peroxide Ltd., Solvay S.A., Peroxychem LLC and Evonik Industries. The companies exhibiting backward integration in this category are Mitsubishi Gas Chemical Company, Inc., Solvay S.A., etc.

Given the extensive use of peracetic acid as a sterilant agent against yeast, bacteria, fungi, and viruses, and as a sanitizer against microbial contamination in the brewing industry, the food & beverage sector is expected to exert its prominence on the overall industry space. Besides, the water & wastewater treatment sector is also a primary business sphere that deploys peracetic acid on a large scale, owing to its safe and environment-friendly nature.

The ongoing trend of green chemistry to reduce the flow of chemicals into the environment has also been identified as one of the pivotal factors that has helped peracetic acid market to grow forth by several notches. Owing to peracetic acid’s minimal need to be neutralized before discharge and comparatively less toxicity levels over its counterparts, it is rightly being considered as green and sustainable. The companies operating in this business sphere are constantly developing sustainable products and are striving to strengthen their position in this competitive market. Recently, for instance, in order to cater to the growing demand for peracetic acid for a wide range of industries, New York based Biosan, LLC, relocated to a new production center in 2016. The key peracetic acid market player is renowned for its high-grade products spanning across horticulture, pulp & paper, F&B, industrial laundry, animal feed, and wastewater treatment sectors.

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Peracetic acid market research report includes an in-depth coverage of the industry with estimates &forecast in terms of revenue in USD million from 2017 to 2024, for the following segments:
Peracetic Acid Market By End-user
Food and beverages
Pulp and paper bleaching
Water treatment
Medical
Agriculture
Others

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