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Peracetic Acid Market By End Use (Food and Beverages, Pulp and Paper, Water Treatment, Healthcare, Others) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

Peracetic acid is the mixture of hydrogen peroxide and acetic acid in a watery solution.  It is a colorless liquid having a low pH value and piercing odor. Peracetic acid is produced by either by oxidation of acethaldehyde or by a reaction between acetic acid and hydrogen peroxide.

Peracetic acid is recognition as safe chemical by the U.S. Food and Drug Administration (FDA) and can be used as a preservative and as antimicrobial. Over the past few years, this has established many new application of peracetic acid as food preservatives and microbial disinfectants.

Peracetic acid is used largely in the food industry, where it is applied as a disinfectant and a cleanser. In early years, acetic acid was used for fungi and bacteria removal from vegetables and fruits. In the coming years, rising demand for peracetic acid in food and beverage industries is projected to boost the global demand for peracetic acid.

Peracetic acid is also used for the disinfection of recycled rinsing water for foodstuffs. Currently, peracetic acid is applied to prevent bio film formation in pulp industries and a disinfection of medical supplies. It is also applied as a disinfectant during water purification. Peracetic acid is also used for cooling tower water disinfection; it affectively prevents formation of bio film and controls Legionella bacteria.

Adoption of different strategies is providing the companies a competitive advantage to enhance their market share. Some of the prominent players present in this market are Mitsubishi Gas Chemical Company, Aditya Birla Chemicals, Evonik Industries AG, Kemira Ojy, and Ecolab.

 

Peracetic Acid Market

 

Purpose of the Report

The purpose of this strategic research study titled “Global Peracetic Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global peracetic acid market.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers
  • Companies who want to enter the market and companies who want to diversify their product portfolio

USP and Key Offerings

This report analyses the worldwide markets for peracetic acid in USD million & kilo tons by the following end use such as  food and beverages, pulp and paper, water treatment, healthcare and others. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific and Rest of World (RoW). Annual estimates and forecasts are provided for the period 2014 through 2022 and market growth rate is calculated from 2015 to 2022. Market data and analytics are derived from primary and secondary research. We have considered demand side approach of the market. Competitive analysis is primarily based on public domain information including company URLs and company annual report.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within peracetic acid market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the market
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global peracetic acid market, of growth offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of end use, the peracetic acid market is categorized into following segments:

  • Food and Beverages
  • Pulp and Paper
  • Water Treatment
  • Healthcare
  • Others

Peracetic acid is used in various end use industries such as food & beverages, pulp & paper, healthcare, water treatment, among others. More than half of the market pie is collectively accounted by food and beverages and pulp and paper segments. In 2014, the food & beverages end use segment accounted for the largest market share among all the end use, in terms of value. The segment is projected to witness the highest CAGR between 2015 and 2022, in terms of volume as well as revenue.

In food industry, peracetic acid is extensively used as a preservative for meat, poultry and fisheries products. Rise in consumption of food and beverages products such as frozen foods, carbonated drinks are the factors driving the market growth. Water treatment and health care are the other two lucrative end use market segment. These segments are projected to witness significant growth during the forecast period. On the other hand, pulp and paper and other segments are projected to grow below average growth rates during the forecast period. In upcoming year’s advancement in technology and innovation is projected to lay new opportunities for peracetic acid.

Peracetic Acid Market

 

On the basis of geography, the global peracetic acid market is segmented into following regions,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • Rest of RoW

In 2014, Europe and North America collectively holds more than 60% share of the market in terms of revenue and volume, both. In Europe, Germany is the biggest consumer of peracetic acid and accounted for more than 15% share in the market. The overall market was dominated by North America with share of more than 35% in terms of volume and revenue as well.

However, during the forecast period, Asia Pacific is expected to lead the peracetic acid market with growing demand from countries such as India and China. Key factors stimulating demand for peracetic acid are end user industry demand, higher spending power and industrialization.

During the forecast period, demand is also projected to surge from economies such as Middle East, Brazil and Mexico which will propel growth of the peracetic acid market in RoW regions. Strong socio economic factors propel growth in these regions.

Peracetic Acid Market

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Published Date:  Jun 2016
Category:  Chemicals
Report ID:   57932
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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