Peracetic Acid Market was valued at US $ 860.97 Mn. in 2021. Global Peracetic Acid Market size is estimated to grow at a CAGR of 9.1%.
Peracetic Acid Market Overview:
The Peracetic Acid market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Peracetic Acid Market, as well as the reasons for variations in the industry’s growth between regions.
Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Segmentation:
Based on the End-Use, the Peracetic Acid Market is segmented into Disinfectant, Sterilant, Sanitizer, and Others. The Disinfectant segment held the largest market share, accounting for 37% in 2021. Peracetic acid protects food from bacteria and germs. Peracetic acid solutions permit more than 95% faster disinfections as compared to traditional are solutions. As a result, they are widely used in high purity water treatment processes for medical device manufacturing, poultry processing plants, and food processing services. For instance, according to the China Food Industry (CFI), more than 1500 tonnes of fresh and packaged food along with 1.8 million bottles of disinfectant solution were sold in 2021. The growing demand for disinfection in various end-use industries is expected to raise the demand for peracetic acid across the globe for this segment.
Key Players:
• Ecolab Inc.
• Mitsubishi Gas Chemical Company Inc.
• Diversey Inc.
• Kemira Oyj
• Evonik Industries
• Acuro Organics Ltd.
• Thai Peroxide Ltd.
• PeroxyChem LLC
• Solvay S.A.
• Enviro Tech Chemical Services Inc.
• Loeffler Chemical Corporation
• Hydrite Chemical Co.
• Airedale Chemical Company Ltd
• Aditya Birla Chemicals
• Helios Group
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Peracetic Acid market are as follows:
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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Peracetic Acid market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Peracetic Acid Market:
Due to a break in operations, end-user sectors where Peracetic Acid are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Peracetic Acid manufacturers, impacting the growth of the Peracetic Acid market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Peracetic Acid.
Key Questions Answered in the Peracetic Acid Market Report are:
- In 2021, which segment held the highest proportion of the Peracetic Acid market?
- What is the Peracetic Acid market’s competitive landscape?
- What are the primary drivers assisting Peracetic Acid market growth?
- Which region has the most market share in the Peracetic Acid market?
- What will be the Peracetic Acid market’s CAGR throughout the projected period (2022-2027)?
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