Our latest research report entitled Peracetic Acid Market (by application (sanitizer, disinfectant, sterilant, and others), end-user (food & beverages, pulp & paper, healthcare, water treatment, medical, agriculture, and others)) provides complete and deep insights into the market dynamics and growth of Peracetic Acid. The latest information on market risks, industry chain structure Peracetic Acid cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Peracetic Acid growth factors.
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Growing Demand for Food Safety in Food Processing and Beverage Industries is the Major Factor for the Growth
Peracetic acid is a colorless liquid with a strong, pungent acrid odor. It is mainly used as a bactericide and fungicide, especially in food processing. It is a very effective antimicrobial compound. It is used as a reagent in making caprolactam and glycerol and as an oxidant for preparing epoxy compounds. Peracetic acid is used as a bleaching agent, a sterilizing agent, and as a polymerization catalyst for polyester resins. It is an environmentally friendly compound as it hydrolyzes to acetic acid and hydrogen peroxide in water.
The growing demand for food safety in food processing and beverage industries is the major factor for the growth of the peracetic acid market. Peracetic acid is not only an effective compound for reducing the risk of microbial contamination in food products but also does not leave any harmful residues when applied directly to food. These characteristics such as good efficacy, essentially no toxic residues, easy application, and relatively low cost have made peracetic acid an increasingly popular antimicrobial in many food and beverage-related industries. The growth in water treatment procedures across the developing regions is anticipated to boost the peracetic market over the forecast period. They are being used as a low capital alternative to UV, chlorine dioxide and ozone for disinfection in municipal wastewater plants.
Furthermore, the increasing applications of peracetic acid in the healthcare sector fuels the growth of the peracetic acid market. However, lack of awareness about the benefits offered by the peracetic acid hampers the growth of this market. The severe health implications caused by extended exposure and usage of peracetic acid in higher concentration possess as a threat to the market growth. Moreover, the escalating demand for bio-based chemicals and increasing applications for peracetic acid across various industries generates growth opportunities for this market over the forecast period.
Asia Pacific Region Dominates the Peracetic Acid Market
The Asia Pacific region dominates the peracetic acid market. The rapid rise in industrialization and the growth of water treatment and food and beverage industries primarily drive the market in this region. The increasing government investments and a growing focus on more sustainable water treatment and management solutions create a positive impact on the growth of the peracetic acid market.
North America is the second-largest revenue contributor in the global peracetic acid market owing to the increasing government regulations to ensure food safety in the food industry.
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Report on Global Peracetic Acid Market Covers Segments such as Application, and End-User
On the basis of application, the sub-markets include sanitizer, disinfectant, sterilant, and others. On the basis of end-user, the sub-markets include food & beverages, pulp & paper, healthcare, water treatment, medical, agriculture, and others.
The report provides profiles of the companies in the market such as Chemtex Speciality Limited, BioSafe Systems, LLC, Quaron S.A.S., Novadan APS, STOCKMEIER Gruppe, Proxmox Server Solutions GmbH., Aditya Birla Chemicals, SEITZ GmbH, The Lubrizol Corporation, and Mar Cor Purification, Inc.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-peracetic-acid-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Peracetic Acid.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.