The Global Peracetic Acid Market is projected to reach a value of over USD 1.2 billion by 2027 at a CAGR of around 6.8%.
Peracetic acid (PAA) or peroxy acetic acid is a colorless and highly acidic liquid. Hydrogen peroxide and acetic acid are used as principal constituent in commercial manufacturing of peracetic acid. It is used in various products with concentration ranging from 5%-35% content. Peracetic acid is one of the most effective oxidizing agents after ozone. It is highly water soluble and does not produce any health and environmentally hazardous byproducts.
Market Driver:
Peracetic Acid is environmentally benign chemical and ideally suitable for the treatment of water in different applications. It emits oxygen at lower temperatures than other bleaching agents and its by-product is not harmful to the environment. The ever-increasing demand for potable water around the globe with limited overall resources is driving the market of Peracetic Acid to implement in the wastewater treatment process. Thus, increasing water demand across the globe is anticipated to drive the market for Peracetic Acid..
Chlorine was the disinfectant preference for many years. But it had severe disadvantages. Gas leaks of the chemical can have adverse effects on the surroundings. Also, it posed a grave threat to aquatic flora and fauna. Same goes with Sodium Hypochlorite. It is toxic and faces off-gassing issues. Peracetic acid is safe and does not possess an immediate threat to aquatic life. Furthermore, it does not degrade into harmful by-products thus causing little or no harm to immediate environments. It possesses more oxidation potential than other alternatives except for UV technology. Thus, benefits of peracetic acid over other substitutes Biocides is expected to drive the product market during the forecasted period.
The report on the peracetic acid market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Grade, Application, End-Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Peracetic Acid Market, by Grade
Peracetic Acid Market, by Application
Peracetic Acid Market, by End-Use Industry
Peracetic Acid Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PERACETIC ACID MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY