Peracetic Acid Market 2020: Industry Analysis, Size, Share, Price Trends and Forecast till 2025 - IMARC Group

The global peracetic acid market to grow at a CAGR of 7.5% during 2020-2025., according to a new report by IMARC Group.

Peracetic acid (C2H4O3) is a chemical compound obtained by a reaction between acetic acid and hydrogen peroxide. It is commonly available in the form of a colorless liquid that remains effective in the presence of an organic matter. It is widely employed in the water treatment and food and beverage (F&B) industries as a disinfectant. It is also used in the agriculture industry to prevent bacterial and fungal diseases among animals.

Peracetic Acid Market Trends:

Owing to the sudden outbreak of the coronavirus disease (COVID-19), there is a significant rise in the demand for cleaners and disinfectants across the globe. This, in turn, is boosting the sales of peracetic acid, as it is utilized for sterilizing medical equipment and sanitizing food products. Apart from this, governing agencies of several countries are promoting the usage of disinfectants to contain the spread of the pandemic. They are also investing in water purification plants to overcome the scarcity of freshwater, which is further catalyzing the demand for the product. Furthermore, the increasing usage of peracetic acid as a bleaching agent for food starch is expected to offer lucrative opportunities for manufacturers in the coming years.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Peracetic Acid Market Segmentation:

Breakup by Grade:

Solution Grade
Distilled Grade

View Report TOC, Figures and Tables: https://www.imarcgroup.com/peracetic-acid-market

Breakup by Application:

Disinfectant
Sterilant
Sanitizer
Others

Breakup by End-Use Industry:

Healthcare
Food & Beverage
Water Treatment
Pulp & Paper
Others

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