Peroxyacetic acid which is also known as peracetic acid or PAA, is an organic compound having a formula of CH3CO3H. It is a colorless and highly acidic liquid. The chemical is commercially sold in its refined structure, distilled or as a 1-50% solution containing hydrogen peroxide acidic acid and water. Peroxyacetic acid is considered as the most grounded oxidizing agent with a scope of types including sanitization, disinfection, bleaching and sterilization. During all the aforementioned types, peroxyacetic acid mostly decomposes to the environment and does not leave any unsafe build-up. Such flexible properties stimulates its use over other alternatives in all the types.
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The global demand of peroxyacetic has been rising over the past few years. The growing application industries, increasing demand of food and emerging economies have accelerated the demand of peroxyacetic acid market. MRFR has segmented peroxyacetic acid market by type into disinfectant, sanitizer, and sterilant. Among these type, disinfectant market has witnessed the largest market share in terms of volume, followed by sanitizer and sterilant. The global peroxyacetic acid market volume by type is expected to grow at a CAGR of 7.11% during the forecast period.
The global peroxyacetic acid market is slated to be a very dynamic market and is expected to witness a high growth in coming five years. The demand of peroxyacetic acid is poised to be driven by growing food demand, rising population and rising preference for clean water. Furthermore, increasing demand for packaged food will propelled the demand of peroxyacetic acid. Moreover, citing the environmental friendly characteristics of peroxyacetic acid, the governments across the globe are also providing funds and grants for developing new and advanced technology for peroxyacetic acid. However, fluctuating raw material prices and lack of product knowledge are some factors which can hinder the growth of the market up to some extent.
List of Tables
Table 1 global disinfectant market: by region, 2014-2027 (kt)
Table 2 north america disinfectant markets: by country, 2014-2027 (kt)
Table 3 europe disinfectant markets: by country, 2014-2027 (kt)
Table 4 asia-pacific disinfectant market: by country, 2014-2027 (kt)
Table 5 global sanitizer market: by regions, 2014-2027 (kt)
Table 6 north america sanitizer market: by country, 2014-2027 (kt)
Table 7 europe sanitizer market: by country, 2014-2027 (kt)
Table 8 asia-pacific sanitizer market: by country, 2014-2027 (kt)
Table 9 global sterilant market: by region, 2014-2027 (kt)
Table 10 north america sterilant market: by country, 2014-2027 (kt)
Table 11 europe sterilant market: by country, 2014-2027 (kt)
Table 12 asia-pacific sterilant market: by country, 2014-2027 (kt)
List of Figures
Figure 1 market size by type, 2014-2027 (kt)
Figure 2 global disinfectant market share for peroxyacetic acid: by regions, 2015 (% share)
Figure 3 global sanitizer market share for peroxyacetic acid: by regions, 2015 (% share)
Figure 4 global sterilant market share for peroxyacetic acid: by regions, 2015 (% share)
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