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Peracetic Acid Market Analysis by Size, Share, Growth, Trends
The report published by Allied Market Research reveals that the global peracetic acid market reached $0.9 billion in 2021 and is anticipated to hit $1.8 billion by 2031, marking a compound annual growth rate (CAGR) of 7.7% from 2022 to 2031. This comprehensive report delves into various aspects including winning strategies, evolving trends, market size estimations, value chain analysis, key investment opportunities, drivers, competitive landscape, and regional dynamics. It serves as a valuable resource for stakeholders, newcomers, and industry leaders, aiding them in formulating strategies and fortifying their market position effectively.Download Sample PDF (300 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/731
Peracetic acid, also recognized as peroxyacetic acid, is a colorless liquid with a pungent odor, acclaimed for its versatility as an antimicrobial and antioxidant agent. Widely employed as a bactericide and fungicide, especially within the food processing sector, it finds utility in disinfecting equipment, surfaces, reservoirs, plastic bottles, and pipes.
The escalating demand for peracetic acid from the food and beverage industry emerges as a pivotal growth driver for the global market. Its extensive usage in food processing and product packaging, encompassing juices, soft drinks, milk, and tea, underscores its significance. Acting as an efficient fungicide and bactericide, it sanitizes food contact surfaces and aids in preserving the quality of consumables without imparting undesirable flavors or odors.
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Segmentation of the global peracetic acid market based on application, end-use industry, and region is meticulously detailed in the report, supported by graphical and tabular representations for enhanced comprehension. This segmentation facilitates stakeholders, investors, and entrants in strategizing their approach by pinpointing the fastest-growing segments and revenue generators highlighted in the report.
The disinfectant segment emerged as the largest market segment in 2021, accounting for over half of the global market share, and is poised to maintain its dominance throughout the forecast period. Conversely, the sanitizer segment is forecasted to exhibit the swiftest CAGR of 8.3% during the projection period.
In terms of end-use industry, the food and beverage sector dominated the market in 2021, capturing more than one-fourth of the global market share, and is anticipated to sustain its leadership position in the forthcoming years. Conversely, the healthcare segment is projected to register the highest CAGR of 8.5% during the forecast period.
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Geographically, the Asia-Pacific region commanded the largest market share in 2021, constituting over one-third of the global market, and is anticipated to uphold its dominance throughout the forecast period. Additionally, this region is expected to witness the highest CAGR of 8.7% during the forecast timeline.
Key players in the global peracetic acid market landscape include Acuro Organics Limited, Airedale Chemical Company, California Soda Company, Diversey Inc, Ecolab Inc, Enviro Tech Chemical Services, Evonik Industries AG, Jubilant Pharmova Limited, Kemira Oyj, Lenntech B.V., Mitsubishi Gas Chemical Company, Seeler Industries Inc, Solvay, Sopura S.A, and Tanfac Industries. These market players have adopted various strategies such as joint ventures, expansions, new product launches, collaborations, and partnerships to augment their market presence and efficacy. The report provides a thorough analysis of recent developments, product portfolios, business performance, and operational segments of these key players, aiding stakeholders in making informed decisions.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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