Asia Pacific Peracetic Acid Market will be Accounted US$ 164 Mn by 2024
Posted by Jack Martin on October 13th, 2017
A study conducted by Persistence Market Research (PMR) on “Peracetic Acid (PAA) Market: Asia Pacific Industry Analysis and Forecast 2016–2024,” projects the APAC peracetic acid market to surpass 164 Million, expanding at over 8% CAGR over 2024.
Growing preference for peracetic acid over chlorine across various industrial domains in Asia pacific is expected to influence the overall growth of the peracetic market in the region. In recent years, the application base of peracetic acid has expanded to a significant extent. On the contrary, demand for peracetic acid from food & vegetables processing aids, healthcare textiles (HCT), industrial cleaning, aseptic filling & packaging, meat & poultry processing aids and water treatment industries is scaling at a healthy pace.
A better alternative to chlorine as an oxidant agent for industrial cleaning, textile industry and in other purification purposes. Peracetic acid is an effective disinfectant and finds robust use in various industries in the form of purifiers, cleaners and as sanitizing agents. In addition, growing demand for peracetic acid as sanitizing agents in packaged food and vegetables for prevention of microbial contamination is likely to play a major role in stimulating the market growth in Asia Pacific. Peracetic acid contains properties of bleaching agent, easy environmental degradation, and non-toxicity. Hence, making the product a safe sanitizer that can be used in consumable products.
View and Download TOC of Peracetic Acid Market Research Report @ https://www.persistencemarketresearch.com/market-research/asia-pacific-peracetic-acid-market/toc
In contrast, high volatility of PPA above 17% and associated risks with logistics can restrain the growth of the market. Likewise, adverse side-effects on health due to excessive exposure of peracetic acid on the surface of the skin, through oral intake or inhalation.
Key stakeholders in the peracetic acid market in the Asia Pacific region include Tianjin Xinyuan Chemical Co., Ltd., Evonik Industries AG, National Peroxide Limited, Aditya Birla Chemicals Limited, Acuro Organics Ltd., Solvay Peroxythai Ltd., PeroxyChem LLC, Mitsubishi Gas Chemical Company, MGI Chemicals Pvt. Ltd., and Qingdao Hisea Chem Co.Ltd.
Like it? Share it!
About the AuthorJack Martin
Joined: August 7th, 2017
Articles Posted: 938
More by this author