The report “Peracetic Acid Market by Application (Disinfectant, Sterilant, Sanitizer), End-use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper), and Region (North America, Europe, APAC) – Global Forecasts to 2030” The global peracetic acid market size is projected to grow from USD 813 million in 2020 to USD 1,685 million by 2030, at a CAGR of 7.6%.
The drivers of the industry are the growing usage of peracetic acid in end-use industries and the demand for high-quality biocides products. The availability of different product grades and shift in consumer preference toward high-quality products are also important drivers of the market in recent times. Increase in the use of peracetic acid in industries, such as healthcare, food & beverage, water treatment, pulp & paper, and the emergence of new applications (laundry, breweries, wineries, and agriculture) are expected to change the market dynamics. The growing demand in India, China, Brazil, South-East Asia, and Mexico is expected to drive the market during the forecast period.
Get an Exclusive PDF Sample Copy of This Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=1111
The sterilant application is projected to grow at the highest CAGR during the forecast period.
The sterilant segment is projected to grow at a higher rate than the other application segments. It is an emerging application of peracetic acid. The major factor responsible for the growth of sterilants is their increased demand in the food industry, life sciences, pharmaceutical, and other industrial products. The rising population is also projected to boost the demand from end-user industries, such as healthcare and life sciences.
The water treatment end-use industry of the peracetic acid market is expected to grow at the highest CAGR during the forecast period.
The wastewater treatment application is witnessing a surge in demand and is projected to register a high CAGR in the next five years, globally. The growing and developing economies of Asia Pacific, such as China and India, with their infrastructural and technological development in the end-use industries, are expected to increase the demand for peracetic acid in the markets. The global water treatment market will continuously grow at a higher rate and is projected to drive the overall market of water treatment products. The superior peracetic acid product is expected to surpass the biocides industry growth due to its larger acceptance and rising demand from end-users.
The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, due to the rising demand from end-use industries, including water treatment, food, and healthcare is increasing the demand for peracetic acid products. The market in Asia Pacific is driven by increased foreign investments due to cheap labor and accessible raw materials. In addition, government proposals to improve the healthcare and water treatment activities along with the increase in the manufacture of end-use products, are driving the peracetic acid market.
Request Customized Report As Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1111
Major players operating in the peracetic acid market are Evonik Industries AG (Germany), Solvay SA (Belgium), Mitsubishi Gas Chemical Company (Japan), Ecolab Inc. (US), Enviro Tech Chemical Services (US), Kemira Ojy (Finland), Christeyns (Belgium), SEITZ GmBH (Germany), Jubilant Life Sciences (India), and Sopura (Belgium).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441