6th January 2020 – Global Peracetic
Acid Market is expected to grow considerably in the years to come owing
to the increase in demand from food and beverage industry majorly. Peracetic
acid, also known as Peroxyacetic acid (PAA) is a powerful oxidizing sanitizer.
It reacts with several metals and other contact bases like aluminum, tin-plated
iron, and stainless steel but galvanized iron, plain steel, copper, bronze, and
brass, are prone to corrosion and reaction.
Growing applications of peracetic acid
in several industries like food and beverage are the major drivers of peracetic
acid market. Peracetic acid initially gained popularity from the United States
(FDA) Food and Drug Administration as safe chemical and antimicrobial for food
preservation. This introduced numerous other application of peracetic acid as
microbial disinfectants and food preservatives in the recent years.
The acid is extensively used in food
industry as preservative for poultry, fisheries and meat items. Additionally,
increase in the demand of peracetic acid in several beverages processing is
also influencing the growth of peracetic acid industry. However, the
conventional applications of the acid in healthcare, personal care, and
industrial cleaning disinfectants is growing, which ultimately drives peracetic
acid market.
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Developments in manufacturing technology,
innovative techniques for using peracetic acid in wide applications and growing
acceptance of bio-based chemicals is expected to introduce new opportunities in
peracetic market in the years to come. Conversely, direct exposure of peracetic
acid can cause allergy, burns and other hazardous infection to eyes, skin and
respiratory organs. If the acid is consumed in high concentrations, the effects
could be more dangerous. Altogether, peracetic acid is restricting its approval
in household applications, which hampers the growth of peracetic market.
Developments and advancements in
chemical products has resulted the horticulture industries to turn more
cautious for checking microbial safety, which has promoted the application of
peracetic acid in agriculture. With the use of concentrated peracetic acid, the
overall price can be brought down for application in pulp and paper segment.
However, the health hazards related to incessant exposure to product can
obstruct the growth of the market.
Peracetic acid industry is categorized
on the basis of product, application, and geography. On the basis of product,
the industry is divided into solution grade and distilled grade. Sulfuric acid
is commonly used due to which it is predicted to lead peracetic acid market in
the years to come.
On the basis of application, peracetic
acid industry is split into sterilant, disinfectants, sanitizer and others.
Disinfectants segment is expected to register significant growth in future
since it is widely used in industries like food and beverage, water treatment,
healthcare, pulp and paper. This is followed by sterilant and sanitizer
industry.
Geographically, the industry is
segmented as North America, Latin America, Asia Pacific, Europe, and Middle
East & Africa. Europe is predicted to lead the market in the years to come
owing to the growing demand. The key players in peracetic acid industry are
Peroxychem, Evonik Industries, Kemira Chemicals, Seitz GMBH, Aditya Birla
Chemicals, Ecolab, Solvay Chemicals, Mitsubishi Gas Chemicals, Enviro Tech
Chemical Services, Christeyns, Promox S.P.A., and Helios Group among others.
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