Global Peracetic Acid Market to exceed USD 1.45 billion By 2027

According to a new research report by Global Market Insights Inc. the global Peracetic Acid Market size is estimated to surpass USD 1.45 billion by 2027.
 

Earlier peracetic acid were mainly used in the food industry as a disinfectant and detergent. In modern times, the product finds wide applications as an antimicrobial in food & drinks and as a disinfectant in various user industries. In the purification and treatment of water, the product is used to disinfect plumbing systems. An increased need for water purification due to increasing pollution is expected to drive the peracetic acid market during the projected timeframe.
 

The COVID-19 pandemic has devastated the healthcare system around the world. The COVID-19 epidemic has shown tremendous progress from being a regional crisis to a global pandemic at a glance. As a result, there is a rising awareness of personal hygiene maintenance across the globe, which in turn, increases the expenditure on healthcare products or peracetic acid products.
 

Browse key industry insights spread across 240 pages with 246 market data tables & 27 figures & charts from the report, “Peracetic Acid Market Size, By Product (Solution-grade, Distilled -grade), By End-user (Food & Beverage, Pulp & Paper Bleaching, Water Treatment, Medical, Agriculture), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/peracetic-acid-market
 

The distilled-grade segment to boost market demand

The distilled-grade segment from peracetic acid market is likely to showcase a CAGR of around 9% by 2027. Distilled peracetic acid products are generally used as oxidizing agents in the manufacture of organic chemicals and pharmaceuticals. Distilled grade is purer as it does not incorporate multiple chemical components. They are generally used as oxidizing agents in the manufacture of organic chemicals and pharmaceuticals, especially as a bleaching agent in pulping processes and as a replacement for chlorine dioxide. It is used as a delignifying & brightening agent and an excellent product for post-bleaching of pulps.
 

The water treatment sector from peracetic acid market is anticipated to generate a revenue of over USD 335 million by 2027. Peracetic acid is a better disinfectant for water treatment than chlorine-based disinfectants as the former prevents the formation of toxic chlorinated side products. In addition, algae & bacteria can grow in cooling circuits and produce slime, which rapidly forms deposits and results in clogging problems.
 

Adding peracetic acid to the intake water stream prevents microbial growth and thus reduces the plugging of heat exchangers and cooling systems. Water treatment is a flourishing industry in North America and Europe. In the coming years, Asia Pacific will become the growth driver of this industry owing to the rising demand for clean water in the region.
 

Wastewater treatment to support the European market growth

Europe led by Germany will hold a significant market share of around 25% by the end of the forecast period owing to the increasing wastewater treatment in this region followed by the UK, France, Denmark, etc. The EU supports various Directives on water treatment by providing a wide range of funds. This acts as a vital stimulus in the industry growth, in turn, increase the demand for peracetic acid as a disinfectant in the coming years.
 

Key peracetic acid industry participants are Evonik Industries, Kemira Oyj, Mitsubishi Gas Chemicals, Inc., Solvay S.A., PeroxyChem LLC, SEITZ GmbH, and Ecolab Inc., among others.