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Peroxyacetic Acid Market Highlights:Peroxyacetic Acid Market is expected to touch USD 1,092.5 Million by the end of forecasted year with a CAGR of 7.11%.
Peroxyacetic Acid Market has been evaluated as growing market and expected that the market will touch high growth figures. In last decade the global peroxyacetic acid manufacturers have found wide range of applications in peroxyacetic acid. This has shifted the momentum of the peroxyacetic acid market there by boosting the revenues with the growth rate of over 7.11% per year.
Peroxyacetic Acid Market Dynamics:
Peroxyacetic Acid Market is a very dynamic market and is expected to witness a high growth in coming five years. The demand of peroxyacetic acid is poised to be driven by growing food demand, rising population and rising preference for clean water. Furthermore, increasing demand for packaged food has also propelled the demand of peroxyacetic acid. Moreover, citing the demand and potentials of peroxyacetic acid, the governments of various countries are also providing funds and grants for developing new and advanced technology for peroxyacetic acid. However, fluctuating raw material prices and lack of product knowledge are some factors which can hinder the growth of the market up to some extent.
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Peroxyacetic Acid Market Key Players:
Peroxyacetic Acid Market Key Players in this included are: Solvay Chemicals, Evonik Industries, Ecolab, Aditya Birla Chemicals, Promox S.P.A, Christeyns, Enviro Tech Chemical Services, Peroxychem, Seitz Gmbh and others.
Peroxyacetic Acid Market Segmentation:
By Types: Disinfectant, Sanitizer and Sterilant
By Application: Food, Healthcare, Water Treatment, Pulp & Paper and Others (Agriculture and Laundry)
Industry/ Innovation/ Related News:
Dec 2017: The Peroxychem, a peroxyacetic producers has anounced the construction of its new production facility in the U.S. the company willl market its product for wastewater treatment application in local and international markets. Waste water treatment is a prominent application of peroxyacetic acid. Also, the application can lay opportunuities for the products as a disinfectant. Some of the specialized manufactures such as peroxychem are unable to identify and invest into the less reached opportunity.
Jun 2015: Evonik industry developed new grades of peroxyacetic acid for drug, medical, and cosmetic products. The products were developed in respnse to the increasingly stringent regulatory requirements. Evonik industry, a leading provider of bio product has stimulated the overall market by offering peroxyacetic grades that are tailored according to the regulatory requirments.
Peroxyacetic Acid Market Key Findings:
Peroxyacetic Acid Market and is expected to reach USD 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 USD 325.1 Mn by 2027 from USD 135.5 Mn in 2015
Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 8.02% from 2016 to 2027
On the basis of applications, food segment holds 27% market share
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Peroxyacetic Acid Market Research Analysis:
Peroxyacetic Acid has an important proportion in the growth of chemicals and materials market. In the coming years, it is expected that the peroxyacetic acid market will advance with higher growth rate as compared to previous years. The current challenges for the market are fluctuating prices of raw materials. As per MRFR analysis, Europe has been estimated as the largest market for Peroxyacetic Acid where North America holds the second largest market. Asia – Pacific is one of the fastest growing regions where China and India are considered as the largest market share and particularly China is known for huge consumption. The Middle East & Africa and Rest of the World have a potential scope to grow and are expected to have a health market environment in the forecasted year. Even Middle East & Africa is one of the most preferred meat and processed food consumption region which can help the global peroxyacetic market to create a good hold in the market.
Peroxyacetic Acid Market Competitive Analysis:
Peroxyacetic Acid Market is highly fragmented, and top 10 manufacturers in the market are estimated to account share in between 20% to 25% in overall production in 2015. Solvay SA and Evoniks industries are estimated to be the largest producer in the global market. Other niche and small manufacturers from China are estimated to account 75% to 80% production of overall peroxyacetic acid production. Companies operating in food and paper & pulp industries are major buyers of peroxyacetic acid. Moreover, buyers from food industry procure in relatively small amount, however pulp & paper companies prefer bulk amount for its use in pulp bleaching application.
Peroxyacetic Acid Market Table of Content to be Continue…….,
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