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Global Peracetic Acid Market Was Valued 394 Million USD In 2017
Peracetic Acid market, Peracetic acid (also known as peroxyacetic acid, or PAA) is an organic compound. It is a clear colorless liquid with a characteristic pungent odor reminiscent of household vinegar. All commercially available PAA products contain equilibrium of PAA, hydrogen peroxide, acetic acid, and water. Its formula is CH3CO3H
Market Breakdown by Typse: ≤5% PAA, 10%-12% PAA, 15% PAA, Others.
Market Breakdown by Applications: Water Treatment, Pulp & Paper, Food & Beverage Industry, Healthcare, Others.
In terms of revenue, the Global peracetic acid market was valued 394 million USD in 2017, and is estimated to be worth 523 million USD by 2024. In terms of volume, the sale of peracetic acid was about 167472 MT in 2017. And it is anticipated to reach 242292 MT by 2024. The peracetic acid market is anticipated to grow at a CAGR of 5.48% from 2018 to 2024.
Solvay is the dominate producer of peracetic acid, the sales was 46332 MT in 2017, accounting for about 27.95% of the total amount, followed by Evonik with the consumption market share of 20.45%. Solvay has the highest sales growth rate of 5.18% from 2013 to 2018.
Leading region in peracetic acid industry is Europe and is the largest consumption region, with the sales market share of 49.58% in 2017. The top three companies occupied about 57.36% consumption share of the market in 2017.
Actually., demand for food & beverages were the highest in 2017, and this trend is expected to continue over the forecast period. Key applications of peracetic acid are food & beverages and water treatment. PAA finds widespread applications in water treatment. It does not decompose into environmentally harmful by products thus is being favored by government agencies such as EPA
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North America Peracetic Acid Market Growth 2019-2024
United States Peracetic Acid Market Growth 2019-2024
Asia-Pacific Peracetic Acid Market Growth 2019-2024
Europe Peracetic Acid Market Growth 2019-2024
EMEA Peracetic Acid Market Growth 2019-2024
Global Peracetic Acid Market Growth 2019-2024
China Peracetic Acid Market Growth 2019-2024
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