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4 trends likely to impel peracetic acid market growth by the end of 2025

Author : Ravi Chawat | Published Date : 2020-09-11 

The peracetic acid is sprayed on the animal carcasses and food packaging to kill the bacteria anyhow produced. As per the market speculations put forth by Global Market Insights, peracetic acid market size is anticipated to target the overall remuneration of USD 1.2 billion by the end of 2025.

The predominance of peracetic acid is also evident from the pulp and paper sector. The product is used in the pulp and paper industry to impede the formation of the biofilms. This property of the product’s would enable peracetic acid market from the pulp and paper segment to grow at a CAGR of 8 per cent through 2025. Moreover, peracetic acid also finds exceptional use across the water industry as a purifier.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1524

Enlisted are the trends that have been propelling the global peracetic acid industry dynamics over 2018-2025:

Mounting peracetic acid demands across food and beverages segment

Spanned by myriad applications, the worldwide peracetic acid market is predominantly characterized by the food and food and beverage, water treatment, medical, agriculture, and pulp and paper sectors.

The ongoing advancements in the food and beverage industry have positively accelerated the demand for peracetic acid over the past few years. Peracetic acid, in the F&B industry forms an integral cog as a disinfectant in dairy products, pulses, poultry products, and others. Additionally, the product also find use as a sanitizer across the brewing industry owing to its high efficacy against microbial contamination. Not to mention, peracetic acid also acts as a sterilant to resist several bacteria, fungi, viruses, and yeasts.

The chemical’s high reactivity and quick decomposition to acetic acid, oxygen and water makes it an ideal choice across the food industry.

Furthermore, a paradigm shift towards the adoption of healthy lifestyles and healthy eating habits has stimulated the sectoral growth enabling it to foresee noteworthy gains during 2018-2025.

Expanding applications of solution grade peracetic acid globally

The peracetic acid is commercially operated in solution form which is an amalgamation of hydrogen peroxide and acetic acid with an intent to managing its consistency. In line with this, the commercial grade peracetic acid consists of peracetic concentration ranging between 0.3 to 0.4 per cent by mass. The high end need for this product across the peracetic acid market has been significantly elevating in various applications. The coming years are anticipated to mark remarkable growth for the global peracetic acid industry on the grounds of the product’s environment friendly feature.

Meanwhile, the distilled grade peracetic acid consists approximately less proportion of other chemicals and is increasingly used in the paper and pulp industry.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/peracetic-acid-market

Adoption of healthy lifestyle across Asia Pacific

Considering the geographical aspects, Asia Pacific is estimated to render positive growth for the peracetic acid. The region is likely to register a CAGR of 9 per cent through 2025 ascribing to the rising product demand from China and India. Major concerns pertaining to healthy living has bolstered the peracetic acid demand eventually leading a positive growth of the peracetic acid market.

Increasing significance for peracetic acid across industrial and commercial realms owing to its effectiveness and cost-saving features is thus primed to boost the product demand over the foreseeable time period. The transforming approach of the industry mammoths such as Mitsubishi Gas Chemical, Kemira, and various others, towards improving their customer base with frequent mergers and acquisitions is also likely to boost the pace of peracetic acid market.

Major key players in the peracetic acid market are 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.

Browse More News:

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.prnewswire.com/news-releases/leather-chemicals-market-to-reach-usd-11-42-billion-by-2026--says-global-market-insights-inc-300980524.html

 

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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