IMARC Group has recently released a new research study titled “Peracetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the peracetic acid market?
The global peracetic acid market size reached US$ 905.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,429.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.
What is peracetic acid?
Peracetic acid, widely used as a disinfectant, sterilant, and sanitizer in various industries, possesses powerful oxidizing properties. It finds extensive applications in fields, such as food processing, healthcare, water treatment, etc. This highly reactive liquid is clear, colorless, and has a pungent odor resembling acetic acid. Peracetic acid exhibits remarkable efficacy against several microorganisms, including viruses, bacteria, fungi, and spores. Its antimicrobial activity is broad-spectrum, causing disruption to the cellular membranes of microorganisms and resulting in their demise.
Furthermore, peracetic acid is effective in eliminating biofilms, which commonly contribute to contamination in various industries. As an environmentally friendly disinfectant, it decomposes into harmless byproducts, such as water, oxygen, acetic acid, etc.
Report Sample: https://www.imarcgroup.com/peracetic-acid-market/requestsample
What are the growth prospects and trends in the peracetic acid industry?
The escalating demand for this disinfectant in the agriculture industry, owing to its ability to prevent and manage bacterial and fungal growth in soil and crops, is primarily driving the peracetic acid market. Besides this, the increasing need for safe drinking water is further augmenting the market growth. Moreover, the elevating requirement of peracetic acid in healthcare settings for equipment sterilization and as a high-level disinfectant for medical instruments, on account of the high prevalence of hospital-acquired infections (HAIs), is also catalyzing the global market.
Apart from this, the rising product usage in the pulp and paper industry for manufacturing high-quality items and eco-friendly production practices is acting as another significant growth-inducing factor. Additionally, the growing adoption of this liquid in organic and natural substances to ensure the absence of harmful chemicals and toxins is also stimulating the market growth.
In line with this, the elevating integration of advanced reactors and optimized production techniques and continuous technological advancements are anticipated to propel the peracetic acid market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
- Aditya Birla Chemicals
- Airedale Chemical Company
- Diversey Inc.
- Ecolab Inc.
- Enviro Tech Chemical Services
- Evonik Industries
- FMC Corporation
- Jubilant Life Sciences
- Kemira Chemicals
- Lenntech
- Mitsubishi Gas Chemical Co.
- National Peroxide Ltd.
- PeroxyChem
- Seitz GmbH
- Solvay S.A
What is included in market segmentation?
The report has segmented the market into the following categories:
Grade Insights:
- Solution Grade
- Distilled Grade
Application Insights :
- Disinfectant
- Sterilant
- Sanitizer
- Others
End-Use Industry Insights:
- Healthcare
- Food & Beverage
- Water Treatment
- Pulp & Paper
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2025&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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