The global peracetic acid market is projected to reach $664.24 Million by 2018, growing at a CAGR of 8.2%
Peracetic Acid Market Worth $664.24 Million by 2018
According to the new research report "Peracetic Acid Market by Type (Disinfectant, Sanitizer, Sterilant, & Others), by Application (Healthcare, Food, Water Treatment, Pulp & Paper, & Others), by Geography (North America, Europe, Asia-Pacific, & ROW) - Global Trends & Forecasts to 2018" Peracetic Acid Market is projected to reach a market size of 229.54 kilotons by 2019, signifying a robust growth rate of over 6.2% during the period of study.
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The peracetic acid applications are significantly penetrating in their end-user industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for peracetic acid in different application segments, especially the healthcare, water treatment, food, and pulp & paper. The peracetic acid market in this region is estimated to witness a strong growth in the next five years, with the allied industries expected to stabilize the overall business need in the respective regions.
R&D will be a key part of the peracetic acid market as the newer applications, such as agricultural premises, wineries, breweries, and laundry can be the vital drivers of the overall market. The manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of peracetic acid to match the new demands from various end-user industries.
Europe is the largest region, both in terms of volume and value, followed by North America and Asia-Pacific. India, China, Brazil, and Russia are expected to persist as successful markets. The key players in the global peracetic acid market include Solvay Chemicals (Belgium), Evonik Industries (Germany), PeroxyChem (U.S.), Kemira Chemicals (Finland), Ecolab (U.S.), Enviro Tech Chemical Services (U.S.), and Aditya Birla Chemicals (India).
The emerging South-East Asian nations that host the global events related to chemical industry would supplement the growth of peracetic acid market. An improved growth in industrial manufacturing, local end-user production, and increasing population in emerging economies will drive the consumption of peracetic acid. Also, the key exporters besides the players in China, such as Solvay Chemicals and Evonik Industries, have been expanding the capacity of peracetic acid in the recent past.
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The peracetic acid demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and joint ventures of the leading global companies.
The global peracetic acid market was estimated to be $448.36 million in 2013, and is projected to reach $664.24 million by 2018, growing at a CAGR of 8.2% during the period under review. The high demand across the industries, such as healthcare, food, water treatment and others will increase the overall peracetic acid consumption.
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