Peroxyacetic Acid Market: Potential Growth, Share, Demand, Overview and Industry Analysis of Key Players- Research Forecasts by 2030

The global peroxyacetic acid market is expected to exhibit a strong CAGR of 7.11 % over the forecast period, according to the latest research report from Market Research Future (MRFR). The global peroxyacetic acid market is studied in detail in the report, which takes into account the major drivers and restraints affecting the global market to provide detailed insight into the market’s present condition and future growth trajectory. Various components of the global peroxyacetic acid market are studied in the report in order to provide readers with a comprehensive view of the market’s dynamics.

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Competitive Analysis:

Leading players in the global peroxyacetic acid market include

Seitz GmbH
Peroxychem
Enviro Tech Chemical Services
Christeyns
Promox S.P.A.
Aditya Birla Chemicals
Ecolab
Evonik Industries
and Solvay Chemicals.

Research projects utilizing peroxyacetic acid are common and are likely to supply the market with a whole host of new opportunities over the coming years. In October 2019, fish researchers announced work on a new method to cure amoebic gill disease in salmon. The new method utilizes peroxyacetic acid in an important capacity.

Peroxyacetic acid, also called peracetic acid, is an effective sterilizing and cleaning agent and is thus widely used in cleaning and sterilizing applications. The biodegradability of peracetic acid is a major plus for the market, as it gives peroxyacetic acid an edge over other, nonbiodegradable cleaning and sterilizing agents used in various end-use industries. This has driven the demand from the peroxyacetic acid market and is likely to remain a major driver for the global peracetic acid market over the forecast period. Increasing governmental support for environmentally viable cleaning agents is likely to remain a major driver for the global peroxyacetic acid market over the forecast period.

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The growing food and beverage industry and the growing demand for packaged food is likely to be a major driver for the global peroxyacetic acid market over the forecast period. Packaged food is increasingly becoming popular due to the growing demand from urban consumers who may not have time to buy foods in the traditional manner and prepare them into meals. However, this has led to a growing demand for sterilizing agents to be used on the packaging used to pack the food and beverages. This is a highly sensitive issue, as any microbial contamination on the food container is almost inevitably transferred to the food or beverage being packed in it. This has led to a growing demand from the peroxyacetic acid market, as peroxyacetic acid is biodegradable and can be easily cleaned up, making the process efficient and safe

Segmentation:

The global peroxyacetic acid market is segmented on the basis of type, application, and region.

By type, the global peroxyacetic acid market is segmented into disinfectant, sanitizer, and sterilant. The disinfectant segment accounted for the largest share of the global peroxyacetic acid market in 2016 and is likely to exhibit a strong 8.37?GR over the forecast period to retain its lead in the market.

By application, the global peroxyacetic acid market is segmented into food and beverages, healthcare, water treatment, pulp and paper, and others. The food and beverages segment holds the largest share in the global peroxyacetic acid market and is likely to remain the highest revenue generator over the forecast period. The food and beverages segment accounted for 27% of the global peroxyacetic acid market in 2016.

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Table of Contents:

Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Introduction

4.2 Growth Drivers

4.2.1 Increasing Usage Of Peroxyacetic Acid Over Other Biocides

4.2.2 Increasing Population Will Accelerate Food Demand

4.3 Restraints

4.3.1 Price Fluctation Of Raw Material

4.4 Mega Trends

4.4.1 Increasing Demand For Packaged Food

4.5 Macroeconomic Indicators

Regional Analysis:

Europe holds the largest share in the global peroxyacetic acid market and is likely to remain the highest revenue generator over the forecast period due to the growing demand for packaged food in Europe and the growing demand for environmentally viable cleaners and sterilants. The latter point is likely to be especially vital to the global peroxyacetic acid market over the forecast period, as governments in Europe have taken strong steps to eliminate environmentally harmful chemicals from various industrial processes. Asia Pacific is expected to exhibit the highest CAGR over the forecast period.

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