Peracetic Acid Market 2020 Showing Impressive Growth : MITSUBISHI GAS CHEMICAL COMPANY, INC., PeroxyChem, Aditya Birla Chemicals, Ecolab, SEITZ Gmbh
Few of the major competitors currently working in peracetic acid market are Solvay, Kemira, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY, INC., PeroxyChem, Aditya Birla Chemicals, Ecolab, SEITZ Gmbh, Hydrite Chemical, Loeffler Chemical Corporation, Enviro Tech Chemical Services, Inc., Diversey, Inc, Airedale Chemical, ACURO ORGANICS LIMITED and many others.
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Peracetic acid market is expected to rise by registering a healthy CAGR of 8.35% in the forecast period of 2020-2029. New applications and concentrations of products are expected to develop in the biocides industry.
Key manufacturers are working on various niche and emerging applications and sample tests are being conducted to test the performance of peracetic acid across different industry verticals.
Peracetic Acid Market Scope and Market Size
Peracetic Acid Market has been segmented on the basis of grade, application and end-use industry.
On the basis of grade segment, the peracetic acid market is sub segmented into solution grade and distilled grade.
Based upon application segment, the peracetic acid market is sub segmented into disinfectant, sterilant, sanitizer and others. The sterilant sub segment will grow by highest growth owing to the factors such as water solubility, leaving no residue after rinsing, and no harmful health or environmental effects.
On the basis of end use industry segment, the peracetic acid market is sub segmented into healthcare, food & beverage, water treatment, pulp & paper and others. The water treatment is expected to hold largest CAGR due to technological development and innovations.
Country Level Analysis of Peracetic Acid Market
On the basis of region, the Peracetic Acid Market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa.
Peracetic Acid Market Drivers:
Approval from the government in North American and European region will boost this market growth
Benefits over substitute biocides will also drive the market growth in the forecasted period
High growth in Asia Pacific will also drive the market growth
Increasing water treatment is another factor uplifting this market growth
Peracetic Acid Market Restraints:
Lack of knowledge of product and high cost can hinder this market growth
Key Developments in the Peracetic Acid Market :
In January 2020, Grundfos launched Hydro HP which is an innovative wash and clean solution for the food and beverage industry. The Grundfos Hydro HP is a three- or five-pump high-pressure clean and wash booster set that efficiently provides steady pressure from 5 gpm up to the system's maximum design flow of 150, 250, 350 or 500 gpm.
Major Table of Contents: Peracetic Acid Market
1 Peracetic Acid Market Overview
2 Manufacturers Profiles
3 Global Peracetic Acid Market Competition, by Players
4 Global Peracetic Acid Market Size by Regions
5 North America Peracetic Acid Market Revenue by Countries
6 Europe Peracetic Acid Market Revenue by Countries
7 Asia-Pacific Peracetic Acid Market Revenue by Countries
8 South America Peracetic Acid Market Revenue by Countries
9 Middle East and Africa Revenue Peracetic Acid Market by Countries
10 Global Peracetic Acid Market Segment by Type
11 Global Peracetic Acid Market Segment by Application
12 Global Peracetic Acid Market Size Forecast (2020-2029)
13 Research Findings and Conclusion
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Peracetic acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of peracetic acid market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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