Peracetic acid is an organic compound that is a colorless fluid with a distinctive acrid odor significant of acetic acid. Peracetic acid is environmentally safe and versatile anti-microbial agent, therefore, it is used for indoor use, in dairy products like cheese, as pasteurizers in numerous household and industrial practices plus agricultural processes, food establishment, and lavatories, home bathroom, medical facilities, dairy processing plants, wineries, pasteurizers in breweries and beverage plants among others. Peracetic acid is also mostly used as a major antiseptic for medical supplies and is also broadly employed to avoid the formation of biofilm in pulp productions. Soaring demand for peracetic acid especially in food and beverage processing industries is expected to fuel the progress of global peracetic acid market throughout the forecast period.
The United States Environmental Protection Agency first listed peracetic acid as antimicrobial in 1985 purposefully for indoor use on solid surfaces. Peracetic acid got its first acknowledgement from the United States Food and Drug Administration (USFDA) as harmless compound and antimicrobial to protect food for a quite longer time. The progress in Peracetic acid market can be linked to numerous vital factors such as growing use of peracetic acid in related end-use industries such as beverage and food processing industries. Side by side, the conventional application of peracetic acid counting healthcare, personal care and industrial cleaning disinfectants applications is growing which in turn is accelerating the peracetic acid market. Moreover, other factors like- cutting-edge technological advancements in manufacturing, use of bio-chemicals, introduction of innovative techniques for the employment of acid in several new applications in plethora of products is expected to bring prospective growth for the peracetic acid market over the estimation period. Peracetic acid is widely being used in beverage, food, medical and pharmaceutical industries over the past few years. Though less active than most acidic peracids, peracetic acid in various forms is used for the epoxidation of several alkenes. The oxidation capacity of the peracetic acid is relatively higher as linked to other disinfectants so it is being broadly used to avoid biofilm formation in pulp industries, as a water cleanser and antiseptic.
The market for peracitic acid can be classified globally on the basis of type, application and region. On the basis of type, the global paracetic acid market can be divided into disinfectant, sterilant sanitizer and others. On the basis of application, the global paracetic acid market can be classified as water treatment, pulp & paper, healthcare, food and others. Based on geography, the global paracetic acid market can be segmented into Europe, Middle East & Africa, North America, Latin America and Asia Pacific. The tremendously increased demand in Asia-Pacific region is expected to be the key driving force for the growth of the amines market.
China is expected to be the largest shareholder and leader in total demand for amines owing to the growing industrial production during last few years. The market for peracitic acid in other developing countries such as Poland, Argentina, Brazil, New Zealand, Russia, Indonesia and India is also projected to grow swiftly throughout the forecast period.
Major players involved in the manufacture and supply of maleic anhydride include Peroxychem, Mitsubishi Gas Chemicals, Enviro Tech Chemical Services, Ecolab, Kemira Chemicals, Aditya Birla Chemicals, Solvay Chemicals, Evonik Industries, Seitz GMBH, Helios GroupPromox S.P.A. and Christeyns among others. These players are focusing on key market strategies such as mergers and acquisitions, cooperating with local players in order to withstand in the ever competitive market and to grow their market reach and also toughen their goodwill in the global market.
The market for peracitic acid can be classified globally
• Water treatment
• Pulp & paper
• Middle East & Africa
• North America
• Latin America
• Asia Pacific