Los Angeles, January 24, 2020 -Peracetic acid is extensively used in food and beverages industry as it protects from microbial contamination. It also finds application in other industries due to its unique characteristics. QY Research has recently added a report titled “Global Peracetic Acid (PAA) Market Research Report 2020”. This report predicts the potential and opportunities that lie in the global market. According to the report, the global peracetic acid (PAA) market was worth US$449mn during 2019 and is expected to reach US$622mn by the end of 2025, registering a CAGR of 4.76% during the forecast period.
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Unparalleled Ability to Disinfect to Boost Demand for Peracetic Acid
Peracetic acid finds application in the food and beverages industry as it is considered as the most effective method to control and prevent microbial contamination. It has the capability to replace hydrogen peroxide as an antimicrobial due to good efficacy, easy application, no toxic residue, and cost-effective features. Peracetic acid is substantially replacing chlorine as a greener alternative for disinfecting wastewater as it can destroy E.coli and other harmful pathogens from wastewater. It is also replacing chlorine because it doesn’t leave carcinogenic compounds, mutagenic, or toxic residuals after disinfection.
Peracetic acid is famously consumed in healthcare sector as a disinfectant due to its versatility, effectiveness, and environment-friendly characteristics. It also finds application in paper and pulp industry as a bleach. The ability to extend to various industries for application is likely to boost the demand for global peracetic acid market.
5%-15% PAA Segment to Bolster due to its Mild Effects
The 5%-15% PAA segment is expected to rise during the forecast period as it is widely used in the food and beverages industry and healthcare sector due to its mild and non-reactive nature.
North America to Lead due to Technological Advancements
North America is expected to lead the global market as this region is more technologically advanced and hence, witness the innovations earlier. Consumer in this region have easier access to newly launched products and more income to afford. Government bodies are also investing in research and development activities.
PeroxyChem was recently approved for its PAA residual analysis, which will help wastewater professionals from the industry to accurately measure residuals from a plant’s outflow. PeroxyChem worked with Standard Methods for this project.
The key players operating in the global Peracetic acid market are PeroxyChem, Solvay, Evonik, Kemira, Enviro Tech Chemical, BioSafe Systems, Biosan, Shepard Bros, Mitsubishi Gas Chemical, and Habo.
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