Global Peracetic Acid Market: Key Highlights
Global Peracetic Acid Market: Key Market Dynamics
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Global Peracetic Acid Market: Regional Overview
Asia-Pacifc is expected to account for the largest share in the global peracetic acid market during the forecast period. Asia Pacific region is both the largest and fastest-growing population in the world. According to US International Trade Commission report, countries like China and India by 2035 would consume the largest volume of water in Municipal and Domestic, Industry and Agriculture consumption. Thus, the rising demand from various regions is expected to drive the market in the region, during the forecast period.
Global Peracetic Acid Market: Key Players Overview
Evonik Industries AG (Evonik) is a Germany-based one of the leading specialty chemicals company across the globe. The company operates through the following business segment The Nutrition & Care, The Resource Efficiency, The Performance Materials, and The Services. Evonik Industries AG is active in over 100 countries around the world with 28 production facilities and more than 36,000 employees. In November 2018, Evonik Industries AG acquired PeroxyChem. The acquisition was done for USD 625 million. With this acquisition, the company will be able to provide their customers with high-growth and environmentally-friendly specialty applications.
Solvay SA is a Belgium-based international chemical and advanced materials company. Through its subsidiaries, it operates four segments: Advanced Materials, Advanced Formulations, Performance Chemicals and Corporate & Business Services. Advanced Materials offers high-performance materials for multiple applications primarily in the automotive, aerospace, electronics, and health markets providing sustainable mobility solutions, reducing weight and improving CO2 and energy efficiency. In February 2017, Solvay and Aquatic Concept Group (ACG) have signed an agreement to work together in pursuit of sustainable growth in their global aquaculture operations.
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