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Peracetic Acid Market to Reach US$ 622.0 Mn by 2022

The purpose of the report is to illustrate the state of the market of Peracetic Acid, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

Peracetic acid is an organic compound used in various end use industries such as food and beverages, pulp and paper, water treatment, healthcare and others. By the U.S. Environmental Protection Agency, peracetic acid formulations are listed for use as a disinfectant, sterilant and sanitizer and as an antimicrobial agent by the U.S. Food and Drug Administration (FDA).Therefore it is widely used in food and beverage industry as a disinfectant and a cleanser. Currently, peracetic acid is applied to prevent bio film formation in pulp industries and a disinfection of medical supplies.

Peracetic acid is a versatile oxidizing agent and dissolves easily in water and decomposes into non-toxic by-products. Therefore, it is gaining momentum in water treatment for its ability to reduce disinfection by products, and dissolved salts in treated water. It is been used as a water treatment disinfectant in most of the western region and recently getting attention from the other markets.

However, due to lack of knowledge about the product and high cost associated with it is hampering the peracetic acid market growth.  Further, product enhancement and R&D can established many potential alternative applications of peracetic acid in various industries. Peracetic acid market will also witness growth due to acceptance for usage of peracetic acid in countries such as China, Brazil and India.

Competitive Insights:

Mitsubishi Gas Chemical, Ecolab, Kemira Ojy, Solvay AG, and Evonik Industries AG are some of the prominent players and hold a significant share of the market. To enhance their market share players needs to incorporate in different market strategies such as diversified product portfolio, entering into a new market, strategic partnership among others. Some of the other players present in this market are Enviro Tech Chemical Services Inc., Belinka Perkemija, Airedale Chemical, Christeyns and Aditya Birla Chemicals among others.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Peracetic Acid buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Peracetic Acid contains:

Analysis and forecast of Peracetic Acid market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Peracetic Acid market;

Assessment and forecast of Peracetic Acid market development;

Financial and business profiles of the leading companies in the Peracetic Acid industry.

Scope

– Up to date working Peracetic Acid data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Peracetic Acid for the period 2018 to 2026

– Planned Peracetic Acid additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Peracetic Acid projects by region, key countries, and companies

– Details of major planned Peracetic Acid projects in the world up to 2026

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