-- Peroxyacetic Acid Market Overview:
Peroxyacetic Acid Market is expected to touch USD 1,092.5 Mn by the end of forecasted year with a CAGR of 7.11%.
Peroxyacetic acid, also known as peracetic acid, is a colorless and extremely acidic liquid. Both acetic acid and hydrogen peroxide are used as the principal constituent in the commercial manufacturing of peracetic acid. The acid is used in varying products with concentration percentage ranging between 5-35% content. After ozone, it is considered as one of the most effective oxidizing agents. It is highly soluble in water and does not produce any form of health and environmentally hazardous byproducts.
The peroxyacetic acid is used across major applications like the healthcare industry, water treatment industry, food industry, pulp & paper industries, and others like laundry and agriculture. Ii is used as an antimicrobial for indoor hard surfaces, like bathrooms, sustenance foundations, washrooms, medicinal offices, and rural premises. It can also be utilized as beverage plants, wineries, and for bottling works as pasteurizers, as disinfectant in the therapeutic supplies, in dairy/cheddar handling plants, and as disinfectant and water purifier. It is also used for protecting food for long periods of time.
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Peroxyacetic Acid Market Key Players:
The global peroxyacetic acid market includes a number of key and prominent players. This includes names like Promox S.P.A, Evonik Industries, Enviro Tech Chemical Services, Solvay Chemicals, Ecolab, Christeyns, Peroxychem, Aditya Birla Chemicals, Seitz Gmbh and others.
Peroxyacetic Acid Market Key Findings:
Peroxyacetic Acid Market and is expected to reach $ 1,092.5 Mn by 2027
Disinfectant accounted for the largest market share registering CAGR of 8.37% during the forecast period
Regionally, Europe holds the largest market share 29%% of global peroxyacetic acid market and is expected to reach $ 325.1 Mn by 2027 from $ 135.5 Mn in 2017
Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 8.02% from 2018 to 2027
On the basis of applications, food segment holds 27% market share.
Peroxyacetic Acid Market Segmentation:
The global peroxyacetic acid market segmentation is studied as per two key dynamics to understand the overall market with convenience.
By types, the market includes sanitizer, disinfectant, and sterilant. The disinfectant segment holds the highest share of the market and is expected to exhibit a CAGR of 8.37% during the forecast period.
By application, the market includes pulp & paper, food, healthcare, water treatment, and others like laundry and agriculture. The food segment holds the highest market portion with 27% of the share under its umbrella.
Peroxyacetic Acid Market Regional Analysis:
The global peroxyacetic acid market is geographically segmented in the following regions, North America, Europe, Asia Pacific, and the Middle East and Africa.
As per the regional analysis, the primal positioning of the market is held by the European region. Following the European region, the second highest market share holder is North America. Asia Pacific comes in third in the market share standings. However, the region boasts the fastest growing capability due to the presence of regions like China and India. China is especially considered to be a big market for the Asia Pacific region due to the huge consumption power and the population pool.
Lastly, the Middle East and Africa hold the potential to grow faster than its ongoing pace and is expected to hold a health market environment in the forthcoming years. The region ranks among the top when it comes to the meat and processed food consumption in the world. This helps boost the peroxyacetic market in this region.
Peroxyacetic Acid Market Table of Content:
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
Peroxyacetic Acid Market Table of Content to be Continue…….,
Complete List of Tables and Figures @ https://www.marketresearchfuture.com/reports/peroxyacetic-acid-market-708
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