According to a new market report published by Lucintel, the future of the peracetic acid market looks promising with opportunities in healthcare, food and beverage, water treatment, pulp and paper, and others (agriculture, and laundry). The global peracetic acid market is expected to grow with a CAGR of 8%-9% from 2020 to 2025. The major drivers for this market are growing demand from food and beverage industry and environment friendly traits of the product.
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In this market, solution grade, and distilled grade are the major product types. Lucintel forecasts that solution grade will remain the largest segment over the forecast period because of increasing production with various concentration levels of PAA.
Within this market, healthcare, food and & beverage, water treatment, pulp and paper, and others (agriculture, and laundry) are the major applications of peracetic acid. Water treatment will remain the largest segment by application type over the forecast period due to increasing technological developments and innovations that are focusing on improving the quality of drinking water, and reducing wastewater discharge in the water treatment industry.
Asia-Pacific is expected to witness the highest growth over the forecast period due to due increased foreign investments because of cheap labor and accessible raw materials. In addition, government proposals to improve the healthcare and water treatment activities along with the increase in the manufacture of end-use products is driving the peracetic acid market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global peracetic acid market by product type, application, end-use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Peracetic Acid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global peracetic acid market by product type, application, end use industry, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Solution grade
Distilled grade
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Disinfectant
Sterilant
Sanitizer
Others
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Healthcare
Food and beverage
Water treatment
Pulp and paper
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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