The effectiveness of peracetic acid as a biocide and versatility of its usage are expected to drive the industry growth. Peracetic acid is a colorless liquid having strong oxidizing properties. Food & beverages industry faces various issues due to microbial contamination.
The Global Peracetic Acid Market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc.
It is effective in curbing this activity thus finding widespread applications in the industry. Food & beverage industry has witnessed a positive growth in the recent past, and this trend is expected to continue over the forecast period thus benefitting the market demand.
Peracetic acid, unlike chlorine and sodium hypochlorite, does not degrade into environmentally harmful by-products. Also, it possesses more oxidizing potential than other disinfectants. Growing awareness regarding ill effects of chlorine in water treatment has also prompted the use of peracetic acid.
To Know More About Peracetic Acid Market Please Visit Us @ http://bit.ly/2LaaM3t
Various government agencies have approved peracetic acid for direct contact usage in food & beverages applications. Also, environmental regulations are also expected to favor the market growth. Companies have been focusing more on high growth markets such as Asia Pacific to establish manufacturing units in the region to increase their presence.
Top Players of Peracetic Acid Market:
Key industry participants include Solvay S.A., PeroxyChem, Evonik Industries and Airedale Chemical Company.
Market Segmentation of Peracetic Acid Market:
The Global Peracetic Acid Market Segmented on the basis of Application and Region.
By Application:
Food & Beverages
Health Care
Pulp & Paper
Water treatment
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Inquire About Peracetic Acid Market with Our Experts @ http://bit.ly/2KxPjAw