Yahoo Finance Peracetic Acid Market Size Worth $1.8 Billion by 2031 | CAGR: 7.7%: AMR
Surge in demand for peracetic acid from food & beverages industry in food processing and packaging of products, including juices, soft drinks, milk, and tea, extensive utilization of peracetic acid as a sanitizer in the brewing industry, and increase in use of peracetic acid in the pharmaceutical industry are expected to drive the growth of the global peracetic acid market. Surge in demand for sanitizer, cleaning & disinfection products during the pandemic had a positive impact on the growth of the global peracetic acid market.
Portland, OR, Oct. 06, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global peracetic acid market generated $0.9 billion in 2021, and is projected to reach $1.8 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $0.9 billion |
Market Size in 2031 | $1.8 billion |
CAGR | 7.7% |
No. of Pages in Report | 200 |
Segments Covered | Application, end-use industry, and region. |
Drivers | Surge in demand for peracetic acid from food & beverages industry |
Growth of the online retail platform regarding food and beverages | |
Opportunities | Extensive utilization of peracetic acid as a sanitizer in the brewing industry |
Increase in use of peracetic acid in the pharmaceutical industry | |
Restrains | Health hazards associated with peracetic acid |
COVID-19 Scenario:
The outbreak of COVID-19 pandemic has had a positive impact on the growth of the global peracetic acid market, owing to the occurrence of lockdowns in various countries across the globe.
Stringent lockdown, health and sanitation measures were imposed by the government which increased the demand for peracetic acid. The spread of the pandemic increased the demand for sanitizer, cleaning & disinfection products owing to the rising awareness about health, hygiene, and safety.
Besides, growing healthcare expenditure and an upsurge in the number of temporary hospitals propelled the demand for peracetic acid products globally.
Furthermore, introduction of innovative cleaning products is further expected to create ample opportunities for the industry.
The report offers detailed segmentation of the global peracetic acid market based on application, end-use industry, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.
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Based on application, the disinfectant segment held the largest market share in 2021, holding more than half of the global market, and is expected to maintain its leadership status during the forecast period. The sanitizer segment, on the other hand, is expected to cite the fastest CAGR of 8.3% during the forecast period.
Based on end-use industry, the food and beverage segment held the dominating market share in 2021, holding more than one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The healthcare segment, on the other hand, is expected to cite the fastest CAGR of 8.5% during the forecast period.
Based on region, the market across Asia-Pacific region held the largest market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 8.7% during the forecast period.
The key players analyzed in the global peracetic acid market report include Acuro Organics Limited, Airedale Chemical Company, California Soda Company, Diversey Inc, Ecolab Inc, Enviro Tech Chemical Services, Evonik Industries AG, Jubilant Pharmova Limited, Kemira Oyj, Lenntech B.V., Mitsubishi Gas Chemical Company, Seeler Industries Inc, Solvay, Sopura S.A, and Tanfac Industries.
The report analyzes these key players in the global peracetic acid market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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