Peracetic
Acid Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin
America and Africa), Product, Size, Share, Trends, Growth Factors, Revenue By
Application And Segment Forecasts To 2027.
Global Peracetic Acid Market is
expected to grow considerably in the years to come owing to the increase in
demand from food and beverage industry majorly. Peracetic acid, also known as
Peroxyacetic acid (PAA) is a powerful oxidizing sanitizer. It reacts with
several metals and other contact bases like aluminum, tin-plated iron, and
stainless steel but galvanized iron, plain steel, copper, bronze, and brass,
are prone to corrosion and reaction.
Growing applications of peracetic
acid in several industries like food and beverage are the major drivers of
peracetic acid market. Peracetic acid initially gained popularity from the
United States (FDA) Food and Drug Administration as safe chemical and
antimicrobial for food preservation. This introduced numerous other application
of peracetic acid as microbial disinfectants and food preservatives in the
recent years.
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The acid is extensively used in
food industry as preservative for poultry, fisheries and meat items.
Additionally, increase in the demand of peracetic acid in several beverages
processing is also influencing the growth of peracetic acid industry. However,
the conventional applications of the acid in healthcare, personal care, and
industrial cleaning disinfectants is growing, which ultimately drives peracetic
acid market.
Developments in manufacturing
technology, innovative techniques for using peracetic acid in wide applications
and growing acceptance of bio-based chemicals is expected to introduce new
opportunities in peracetic market in the years to come. Conversely, direct
exposure of peracetic acid can cause allergy, burns and other hazardous
infection to eyes, skin and respiratory organs. If the acid is consumed in high
concentrations, the effects could be more dangerous. Altogether, peracetic acid
is restricting its approval in household applications, which hampers the growth
of peracetic market.
Developments and advancements in
chemical products has resulted the horticulture industries to turn more
cautious for checking microbial safety, which has promoted the application of
peracetic acid in agriculture. With the use of concentrated peracetic acid, the
overall price can be brought down for application in pulp and paper segment.
However, the health hazards related to incessant exposure to product can
obstruct the growth of the market.
Peracetic acid industry is
categorized on the basis of product, application, and geography. On the basis
of product, the industry is divided into solution grade and distilled grade.
Sulfuric acid is commonly used due to which it is predicted to lead peracetic
acid market in the years to come.
This research report offers a
comprehensive analysis of key elements of the Peracetic Acid Market such as potential top key Manufacturers along
with their strengths and weaknesses. The Peracetic
Acid Market report also comprises some useful strategies and scenario for
the new players in the market. While forecasting the growth of the global Peracetic Acid market, various
statistical tools were utilized to get an accurate result of the Demographic
data.
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