Press release
World Peracetic Acid Market Expected To Boost in Coming Years Forecast To 2020 By Top Key Players Solvay Chemicals, Evonik Industries, PeroxyChem, Kemira Chemicals, Ecolab, Enviro Tech Chemical Services
Peracetic acid is used as an antimicrobial in various industrial as well as household processes, which includes food establishment, agricultural processes, medical facilities, lavatories, dairy processing plants, pasteurizers in breweries, wineries, and beverage plants.The drivers of the industry are growing usage of peracetic acid in end-use industries and demand for high quality biocides products. The availability of different product grades and shift in consumer preference toward high quality products are also important drivers of the market in the recent times. Increase in the use of peracetic acid in industries, such as healthcare, food & beverage, water treatment, and pulp & paper and emergence of new applications (laundry, breweries, wineries, and agriculture) are expected to change the market dynamics. The growing demand in India, China, Brazil, South-East Asia, and Mexico is expected to drive the market during the forecast period.
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Increasing demand for peracetic acid in food processing and beverage industries is expected to boost the global peracetic acid market in upcoming years. There are some restraining factors in the peracetic acid market such as exposure to peracetic acid can cause skin and eye irritation, and long-term exposure can cause lung damage and asthma. Peracetic acid market is also said to witness strong growth avenues from the pulp and paper bleaching industry.
Top Major Players In Market : Solvay Chemicals, Evonik Industries, PeroxyChem, Kemira Chemicals, Ecolab, Enviro Tech Chemical Services, and Aditya Birla Chemicals. The companies are adopting expansion and acquisition strategies to enter into paracetic acid market.
Peracetic acid market is majorly driven by the food & beverage industry owing to the extensive use of the product as an antimicrobial and disinfecting agent. The main advantages of the product especially in the food & beverage industry is that it controls odor and is an effective agent against a wide range of micro-organisms. Moreover, the product operates in a broad temperature range and leaves no toxic residues. These superior factors of the product as a preservation agent is said to propel the market growth in the forecast period.
An in-depth analysis of the peracetic acid market including drivers, restraints and opportunities made in this report would help professionals to better understand market behavior.
Peracetic acid market is segmented on the basis of type, application, and geography. Further, types of peracetic acid includes disinfectant, sterilant, and sanitizer. Application of peracetic acid includes the sectors of healthcare, water treatment, food, pulp & paper.
The analysis of current and future trends in this report gives an idea about current market conditions and future scope in global peracetic acid market. This report provides in-depth understanding of the market scenarios in various geographic regions so that key players can make plans to explore opportunities in specific regions. Geographically, peracetic acid market is segmented into North America, Asia Pacific, Europe, and LAMEA. China is the leading country in terms of usage of peracetic acid due to increasing demand from food industries.
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KEY BENEFITS:
• An in-depth analysis of the peracetic acid market including drivers, restraints and opportunities made in this report would help professionals to better understand market behavior.
• The projections in the report are made by analysing the current market trends and future market potential for the period of 20142020 in terms of value and volume.
• Detailed strategic studies of key market leaders, partnerships, and acquisitions in the global biotechnology-based chemical market, would be informative for strategy professionals in the corporate sector.
• The analysis of current and future trends in this report gives an idea about current market conditions and future scope in global peracetic acid market.
• Porters Five Forces analysis examines the competitive structure of the global peracetic acid market and would assist market strategists in making decisions.
• This report provides in-depth understanding of the market scenarios in various geographic regions so that key players can make plans to explore opportunities in specific regions.
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