Press release
Peracetic Acid Market to Incur High Value Growth at 8.0% CAGR During 2016 - 2024
Growing preference for peracetic acid over chlorine across various industrial domains in Asia pacific is expected to influence the overall growth of the peracetic market in the region. In recent years, the application base of peracetic acid has expanded to a significant extent. On the contrary, demand for peracetic acid from food & vegetables processing aids, healthcare textiles (HCT), industrial cleaning, aseptic filling & packaging, meat & poultry processing aids and water treatment industries is scaling at a healthy pace.
Request For Report Sample@ https://www.persistencemarketresearch.com/samples/12955
Key factors expected to shape the peracetic acid market in Asia Pacific during the next eight years
A better alternative to chlorine as an oxidant agent for industrial cleaning, textile industry and in other purification purposes. Peracetic acid is an effective disinfectant and finds robust use in various industries in the form of purifiers, cleaners and as sanitizing agents. In addition, growing demand for peracetic acid as sanitizing agents in packaged food and vegetables for prevention of microbial contamination is likely to play a major role in stimulating the market growth in Asia Pacific. Peracetic acid contains properties of bleaching agent, easy environmental degradation, and non-toxicity. Hence, making the product a safe sanitizer that can be used in consumable products.
In contrast, high volatility of PPA above 17% and associated risks with logistics can restrain the growth of the market. Likewise, adverse side-effects on health due to excessive exposure of peracetic acid on the surface of the skin, through oral intake or inhalation.
Based on PPA grade, demand for PAA- grade above 15% is expected remain high as compared to other PAA grades. While, growth in demand for other PAA grades will be sluggish during the forecast period. By 2016 end, the PAA- grade above 15% segment is estimated to occupy for over 46% value share of the market and is anticipated to gain 130 BPS over 2025.
By end-use, food and beverage is anticipated to be the leading segment during the forecast period. In addition, the segment is projected to account for over 27% value share of the market by the end of 2016, gaining a BPS of 210 over 2025. This is primarily owing to the growing demand for peracetic acid from the F&B industry for sterilizing food contact surface equipment. In addition, the segment is set to witness a value CAGR of over 9% between 2016 and 2024.
Region-wise, the market in China is projected to present lucrative business opportunities for leading players. The China peracetic acid market is projected to increase by 350 BPS during the forecast period. By 2016-end, China is estimated to account for mammoth 59.6% share of the market in terms of value. The market growth in China is largely attributed to the existence of a strong manufacturing and supply chain in the country that is comprehensively sustaining the growing demand for peracetic acid in the country as well as in the region. Likewise, India is another country were the market is estimated to exhibit a significant growth over the next couple of years. In the recent past, the country has attracted a healthy number of foreign investors who are planning to setup production plants in the country as demand for eco-friendly alternative chemicals is on the rise.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/methodology/12955
Key stakeholders in the peracetic acid market in the Asia Pacific region include Tianjin Xinyuan Chemical Co., Ltd., Evonik Industries AG, National Peroxide Limited, Aditya Birla Chemicals Limited, Acuro Organics Ltd., Solvay Peroxythai Ltd., PeroxyChem LLC, Mitsubishi Gas Chemical Company, MGI Chemicals Pvt. Ltd., and Qingdao Hisea Chem Co.Ltd.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Peracetic Acid Market to Incur High Value Growth at 8.0% CAGR During 2016 - 2024 here
News-ID: 1447691 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Peracetic
Peracetic Acid Market Trends and Future Opportunities 2024-2032
Peracetic Acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses and application dominance.
The Peracetic Acid market is expanding significantly due to technological breakthroughs and rising consumer demand for small, energy-efficient electronics. Compared to conventional packaging methods, this novel approach improves performance, lowers power consumption, and conserves…
Peracetic Acid Market Analysis by Size, Share, Growth, Trends
The report published by Allied Market Research reveals that the global peracetic acid market reached $0.9 billion in 2021 and is anticipated to hit $1.8 billion by 2031, marking a compound annual growth rate (CAGR) of 7.7% from 2022 to 2031. This comprehensive report delves into various aspects including winning strategies, evolving trends, market size estimations, value chain analysis, key investment opportunities, drivers, competitive landscape, and regional dynamics. It serves…
Peracetic Acid Market Trends And Forecast 2023-2030
Innovative Peracetic Acid: A Breakthrough in Biocides Industry:
Today, we introduce a groundbreaking biocide, Peracetic Acid, renowned for its efficacy in various industries. Comprising hydrogen peroxide and acetic acid, this agent, also known as Peroxyacetic Acid, is emerging as a top-tier sterilizing solution, particularly in the food industry.
Widely employed in equipment cleaning across industries, Peroxyacetic Acid, a white liquid with a pungent odor akin to acetic acid, offers exceptional acidic properties.…
Peracetic Acid Market Overview: Trends and Growth Prospects
The Peracetic Acid Market was valued at US $ 939.32 Mn. in 2022. Global Peracetic Acid Market size is estimated to grow at a CAGR of 9.1%.
Peracetic Acid Market Report Scope and Research Methodology
Report Scope: The report provides a comprehensive overview of the Peracetic Acid Market. It delves into the following key aspects:
Research Methodology: To ensure accuracy and reliability, the report employs a rigorous research methodology, encompassing primary and secondary…
Peracetic Acid Market Size & Trends
According to a new market research report published by Global Market Estimates, the global peracetic acid market is projected to grow at a CAGR value of 7.6% from 2022 to 2027.
The market is expected to be driven market by the wide usage of peracetic acid (PAA) in water treatment companies, increased demand from food and beverage, pulp and paper cleaning, healthcare, and agriculture.
Browse 153 Market Data Tables and 113 Figures…
Global Peracetic Acid Depth Analysis Report 2019
Summary
Peracetic Acid Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
The Report provide in-depth analysis and the best research material of the various market. This new report on the Global Peracetic Acid Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts.
The Global…
