Peracetic Acid Market to expand 8.5% CAGR till 2025 | Evonik, Kemira Oyj, Solvay, Peroxychem, Ecolab, Diversey, Hydrite Chemical

According to a research report, Peracetic acid market is likely to surpass $1.2 billion by 2025. While having high reactivity, which allows rapid degradation of the material into harmless byproducts, it is also associated to a number of occupational hazards. If the chemical compound is ingested, inhaled or absorbed through dermal exposure, could cause severe side effects, which also includes death. The peracetic acid is normally sprayed on food packaging, animal carcasses, as well as produce to kill bacteria.

Human exposure could easily occur if the spray is not adequately contained. One more reason behind the rise of occupational hazards is the lack of proper ventilation. These above-mentioned factors may lay a negative impact on the growth of Peracetic acid market.

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In order to maintain the constancy of peracetic acid, it is basically commercially traded in a solution form, a mixture of acetic acid and hydrogen peroxide. The commercial grade of the solution ranges between 0.3% and 40% in terms of concentration by weight. The product demand in the solution form has been expanding in applications like agricultural, water treatment, pulp and paper bleaching, and medical among others.

In forthcoming years, the product is likely to gain more prominence and will augment the demand in the peracetic acid industry, mainly because the material is environment friendly. Additionally, distilled grade comprises of lower proportions of other kind of chemicals and are used increasingly in the paper & pulp market.

The pulp and paper bleaching end-user segment is a substantial division in the overall peracetic acid market and is likely to develop at a rate of nearly 8% in the upcoming years. Peracetic acid is mainly used in the pulp & paper sector to stop the formation of biofilms. The product is also utilized in the water industry as a purifier. In addition, the growing demand from end-user industries such as medical, pharmaceutical, and food & beverage would further augment the peracetic acid industry outlook over the estimated time frame.

Evonik Industries, Mitsubishi Gas Chemicals, Inc., Kemira Oyj, Solvay S.A., Thai Peroxide Ltd, Peroxychem LLC, SEITZ GmbH, Ecolab, Inc, Diversey Inc, Enviro Tech Chemical Services, Inc., Loeffler Chemical Corporation, Hydrite Chemical Co, Acuro Organics Ltd, Airedale Chemical Company Ltd are top key players in the peracetic acid market.

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Peracetic acid is increasingly being used in pulp and paper industry to ward off the formation of bio films. Nevertheless, soaring demand from industries such as food and beverage industry, medical and pharmaceuticals will potentially proliferate peracetic acid market share. Estimates predict pulp and paper bleaching to garner CAGR of 8% in peracetic acid market through 2025. Prominently, distilled grade containing less proportion of other chemicals is highly sought-after in the paper and pulp industry.

Palpable presence of agrarian economies and proliferating pulp and paper bleaching activities in emerging economies such as India and China will potentially undergird peracetic acid market. Food & beverage peracetic acid market size is expected to exceed US$ 300 mn by 2025, which is mainly attributed to expanding footprints of food and beverage industry in APAC.

Accordingly, APAC peracetic acid market is likely to expand at a robust CAGR of over 9% through 2025. It appears APAC peracetic acid market outlook is set to instill confidence among stakeholders.

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https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/04/22/1807178/0/en/Fluorosilicic-Acid-Market-to-exceed-1bn-by-2025-Global-Market-Insights-Inc.html

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