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What's Driving the Peracetic Acid Market Growth 2025? Key Company Profiled in Kemira, Solvay, Evonik, Ecolab, Diversey, Mitsubishi Chemical America, PeroxyChem, Hydrite, Airedale Chemical
Peracetic Acid Market
Aseptically packaging solutions are also preferred by high and low acid beverage producers, further increasing the demand for peracetic acid. Another additional benefit of peracetic based packaging is that there is no need to deliver the products through a refrigerated enclosure. In accordance, it would be rather overt to mention that the surging establishment of new brewing and dairy product plants will have a notable impact on peracetic acid market. For instance, a few months before, the American beverage company, Coca-Cola decided to invest USD 250 million to build a manufacturing and distribution plant in North Houston. This one-million-square-foot facility will start operating by 2020 with the production of plastic bottles and cans for water and sparkling drinks.
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Solution grade product finds application in various end-user industries. The concentration levels of the product relatively changes its applications in various stages. For instance, about 5% peracetic acid is used as an anti-microbial for non-porous and hard food contact surfaces such as breweries plants, wineries plants, meat & poultry processing packaging, seafood processing and packaging, milk and dairy products processing and packaging, etc. The global solution grade peracetic acid market is said to surpass USD 550 million by the end of 2025.
Peracetic Acid Market, Product By End-user
o Solution grade
o Distilled grade
Peracetic Acid Market, By End-user
o Food & Beverage
o Pulp & Paper Bleaching
o Water Treatment
o Medical
o Agriculture
o Others
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Earlier the main usage of peracetic acid (PAA) was in the food & beverage industry as a disinfectant and cleanser. In modern times, the product finds extensive application as an antimicrobial in food & beverages as well as a disinfectant in various end-user industries. In water purification and treatment, the product finds usage for plumbing disinfection. Increasing needs for water purification due to rising pollution is said to foster the peracetic acid market demand in the coming days.
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
Health hazards related to the product is said to decrease the pace for peracetic acid market growth. Prolonged contact and inhalation of PAA might result in eyes and skin allergic reactions as well as result in heavy respiration. These chronic health hazards are said to be a restraining factor for the peracetic acid market in the coming years.
The distilled grade product is obtained from the solution grade by processing. The product does not need inventory and can be produced on site as well. Demand for the product in specific applications is said to support the distilled grade peracetic acid market demand in the coming days. The U.S. distilled grade peracetic acid market is said to surpass USD 40 million by the end of 2025.
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On the basis of end-user industries, the product finds applications in food & beverage industries as a sanitizer for filters, pipes, tanks, evaporators and other such equipment in food packaging and processing plants, wineries, breweries, dairies, meat and egg processing and packaging equipment, etc. The food & beverage segment held a major market share in 2017 and is said to and will surpass USD 300 million by 2025.
There are large number of large and small companies present in the industry. Entities present in the peracetic acid market include Enviro Tech Chemical, SEITZ, Loeffler Chemical, Mitsubishi, Hydrite Chemical, Evonik, Solvay, Airedale Chemical, Kemira and Diversey to name some.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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