Global Peracetic Acid (PAA) Market to Reach Over US$ 500.0 Mn By 2025 End


 Published Date : 15 Nov 19   |   Views: 185   |  Industry : Chemical & Material

QYR Consulting has announced the addition of a new report to its chemical & material archive of market research studies titled, “Global Peracetic Acid (PAA) Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Peracetic Acid market was above US$ 350.0 Mn in 2018 and is anticipated to reach more than US$ 500.0 Mn by the end of 2025. The global Peracetic Acid market is anticipated to exhibit a moderate CAGR of 4.0% during the forecast period of 6 years, i.e. between 2019 and 2025. Peracetic Acid is increasingly gaining traction in industrial applications as a cleanser, disinfectant, odour control agent, and bleaching agent. It has been observed that innovative techniques are being developed by the manufacturers for the use of Peracetic Acid in varied applications.

Segmental Analysis

Food & Beverages to Emerge as a Key Application in the Near Future

The report provides comprehensive analysis of all the application types including food & beverages, pulp & paper, water treatment, healthcare, and others. Use of Peracetic Acid is likely to witness a surge in the food and beverages industry, wherein it is applied as a cleanser and disinfectant. Peracetic Acid is also likely to find widespread usage in water treatment and purification as it controls microbial contamination in the recirculation water and eliminates slime. The healthcare sector use PAA for the disinfection of medical supplies. The report also offers detailed analysis of the product segments such as 5%-15% PAA, less than 5% PAA, and above 15% PAA.

North America

Regional Analysis

North America to witness significant growth in the years ahead

Surge in the demand for food & beverages in the US, which is, eventually, driving the need for Peracetic Acid, thus fuelling the market growth in North America. Favorable regulations on the usage of Peracetic Acid by the US EPA is also one of the key factors driving the Peracetic Acid market in North America. Increasing consumption of PAA is likely to boost the market growth in Europe. Asia Pacific is expected to witness considerable growth in the near future as companies are focusing on expanding their footprint in the developing countries. 

Key Players

Favorable regulatory conditions to offer opportunity for the new entrants

The report studies the key players operating in the Peracetic Acid market including PeroxyChem, Kemira, Enviro Tech Chemical, Evonik, BioSafe Systems, Solvay, Shepard Bros, Mitsubishi Gas Chemical, Biosan, and Hab. The market is expected to witness emergence of new players on account of favorable regulatory conditions.  Manufacturers are anticipated to take up strategies such as extensive research and development and business expansion in order to strengthen their market position.

Global CAGR During 2020-2026


Market Dynamics

Widespread Application of Peracetic Acid across Various Industries to Bode Well for the Market

Widening application scope of Peracetic Acid among various industries including food & beverages, medical, and water treatment is a major factor driving the market. Rising awareness among the end-user industries pertaining to the usage of PAA may positively influence the Peracetic Acid market growth. Advancements in the manufacturing technology may open up novel avenues for the market.

However, it is said to be highly corrosive and a strong oxidizer, which may hamper the growth of the market in future. Also, exposure to Peracetic Acid can have adverse impact on skin, eyes, and the respiratory system, eventually acting as a restraint to the market growth.

For further information, check: https://www.qyrconsulting.com/reports/peracetic-acid-paa-market

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