(PharmaNewsWire.Com, March 17, 2020 ) The report "Peracetic Acid Market by Application (Disinfectant, Sterilant, Sanitizer), End-use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper), and Region (North America, Europe, APAC)-Global Forecasts to 2027". The peracetic acid market is estimated at USD 664.9 million in 2018 and is projected to reach USD 1,359.2 million by 2027, at a CAGR of 8.3%, between 2018 and 2027.
The sterilant application is projected to grow at the highest CAGR during the forecast period.
The sterilant segment is projected to grow at a higher rate than the other application segments. It is an emerging application of peracetic acid. The major factor responsible for the growth of sterilants is their increased demand in the food industry, life sciences, pharmaceutical, and other industrial products. The rising population is also projected to boost the demand from end-user industries, such as healthcare and life sciences. The healthcare industry is witnessing rapid transformation with the development of new and advanced technologies and medical procedures in both the payer and provider segments.
The water treatment end-use industry of the peracetic acid market is expected to grow at the highest CAGR during the forecast period.
The wastewater treatment application is witnessing a surge in demand and is projected to register a high CAGR in the next five years, globally. The growing and developing economies of Asia Pacific, such as China and India, with their infrastructural and technological development in the end-use industries, are expected to increase the demand for peracetic acid in the markets. The global water treatment market will continuously grow at a higher rate and is projected to drive the overall market of water treatment products. The superior peracetic acid product is expected to surpass the biocides industry growth due to its larger acceptance and rising demand from end users.
Browse in-depth TOC on "Peracetic Acid Market” 208 - Market Data Tables 47 - Figures 118 - Pages
The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period.
The peracetic acid market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, due to the rising demand from end-use industries, including water treatment, food, and healthcare is increasing the demand for peracetic acid products. The market in Asia Pacific is driven by increased foreign investments due to cheap labor and accessible raw materials. In addition, government proposals to improve the healthcare and water treatment activities along with the increase in the manufacture of end-use products, are driving the peracetic acid market.
Solvay (Belgium), Evonik (Germany), PeroxyChem (US), Ecolab (US), Enviro Tech Chemical Services (US), Airedale Chemical (UK), Kemira (Finland), and Mitsubishi Gas Chemical Company (Japan) are some of the key players operating in the peracetic acid market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
