The
global peracetic acid market will grow at a CAGR of 7.3% between 2014
and 2020. TMR, a market intelligence company based in the U.S.,
states that the global peracetic acid market will reach a market
value of US$652.9 million by 2020, growing from US$398.7 million in
2013.
In-depth
research report on Peracetic Acid Market with Full TOC
at :
http://www.transparencymarketresearch.com/peracetic-acid-market.html
According
to this market research report, the expanding food and beverages and
water treatment markets drive the demand for peracetic acid. In the
chemical industry, peracetic acid is used as an effective
disinfectant.Peracetic acid refers to a strong oxidizing agent that
is produced by the chemical reaction between acetic acid and hydrogen
peroxide. Catalysts are also used in this chemical reaction. Low
concentrations of peracetic acid are used in the food and beverages
industry. This acid is used extensively in the paper and pulp
bleaching industry due to its strong capability of oxidation.
The
TMR report segments the global peracetic acid market on the basis of
end users and geography. The prime end users of peracetic acid are
industries such as agriculture, pulp and paper bleaching, food and
beverages, water treatment, medical, and others. In 2013, with a
market share exceeding 25%, food and beverages was the largest
segment in the overall peracetic acid market. This segment is also
anticipated to witness robust growth in the next six years. The
expansion of the food and beverages segment can be attributed to a
rapidly growing global population and the consequent rise in the
consumption of food and beverages, including frozen meat products and
different types of non-aerated and aerated drinks. The segment for
water treatment is also anticipated to expand significantly because
of high demand for safe and clean water for industrial applications
and household use.
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Geographically,
this market research report categorizes the global peracetic acid
market into Asia Pacific, Europe, North America, and the Rest of the
World. In 2013, North America dominated the global peracetic acid
market with a market share of more than 30%. Surging demand for
peracetic acid from industries such as water treatment and food and
beverages is anticipated to propel the global market for peracetic
acid in the forthcoming years. However, it is Asia Pacific that will
lead the overall peracetic acid market during the forecast period
owing to high demand for peracetic acid from economies such as India
and China. The Rest of the World segment will also witness
significant growth of the peracetic acid market owing to high demand
from the Middle East and Latin America. The ill-effects of prolonged
exposure to peracetic acid are a prominent growth restraint on the
overall peracetic acid market.
Some
of the key market players in the global peracetic acid market include
Diversey Inc., PeroxyChem LLC, Evonik Industries, Kemira Oyj, and
Solvay S.A.
Browse
TMR Blog Chemical & Materials Reports :
http://www.tmrblog.com/search/label/Chemical%20%26%20Materials
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Us
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Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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