PERACETIC ACID MARKET TO REACH USD 1.2 BILLION BY 2027 | CAGR 6.8% – FORENCIS RESEARCH

Global Peracetic Acid Market: Key Highlights

• According to the new market research report “Peracetic Acid Market by Grade (Solution Grade, and Distilled Grade), by Application (Disinfectant, Sterilant, Sanitizer), by End-Use Industry (Healthcare, Food & Beverages, Water Treatment, Pulp & Paper), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global Peracetic Acid market is estimated to reach USD 1.2 Billion by 2027 at a CAGR of around 6.8% during the review period.
• Peracetic acid (PAA) or peroxyacetic acid is a colorless and highly acidic liquid
• Hydrogen peroxide and acetic acid are used as a principal constituents in the 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

Global Peracetic Acid Market: Key Market Dynamics

• Increasing water demand across the globe is anticipated to drive the market for Peracetic Acid..   
• benefits of peracetic acid over other substitutes Biocides is expected to drive the product market during the forecasted period.
• However, lack of knowledge of the product and high cost remain a major restraining factor for the growth of the Peracetic Acid market

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Global Peracetic Acid Market: Regional Overview

• Asia-Pacific

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 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:

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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