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Peracetic Acid Market Forecast Report 2024 | Top Key Players: Kemira, Solvay, Evonik, Ecolab, Diversey, PeroxyChem, Hydrite, Mitsubishi Chemical America
Peracetic Acid Market
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Innovation in chemical products has led the horticulture industries to become more vigilant for ensuring microbial safety, which has popularized the peracetic acid market application in agriculture. With the use of distilled peracetic acid, the overall costs can be reduced in pulp and paper making industry. However, the health hazards associated with incessant exposure to the product can impede the growth of the peracetic acid market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Mitsubishi Chemical America
2. Kemira
3. Solvay
4. Evonik
5. Thai Peroxide Ltd.
6. PeroxyChem
7. SEITZ The fresher company.
8. Ecolab
9. Diversey
10. Enviro Tech Chemical Services
11. Loeffler Chemical Corporation
12. Hydrite
13. Acuro Organics Limited
14. Airedale Chemical
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Increasing product applications including sterilization of tubes, syringes, plastic implants and other medical equipment in the medical industry will stimulate the overall peracetic acid market by 2024. The medical segment market revenue in Europe is propelling and is anticipated to reach over USD 36 million by 2024. This is due to stringent regulations imposed in the healthcare segment to encourage contamination free treatments.
Peracetic Acid Market By End-user
o Food and beverages
o Pulp and paper bleaching
o Water treatment
o Medical
o Agriculture
o Others
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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.
The global peracetic acid industry is immensely consolidated due to presence of the large manufacturers which accounted for almost 95% of the total industry share in 2016. Key peracetic acid market share players are Ecolab, Mitsubishi Gas, Diversey, Kemira, Evonik, Thai Peroxide, PeroxyChem, Solvay and Acuro Organics.
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Peracetic Acid Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
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