Market Research Analysis:
Peroxyacetic Acid has an important proportion in the growth of chemicals and materials market. In the coming years, it is expected that the Peroxyacetic Acid Market will advance with higher growth rate as compared to previous years. The current challenges for the market are fluctuating prices of raw materials. As per MRFR analysis, Europe has been estimated as the largest market for Peroxyacetic Acid where North America holds the second largest market. Asia – Pacific is one of the fastest growing regions where China and India are considered as the largest market share and particularly China is known for huge consumption. The Middle East & Africa and Rest of the World have a potential scope to grow and are expected to have a health market environment in the forecasted year. Even Middle East & Africa is one of the most preferred meat and processed food consumption region which can help the Global Peroxyacetic Market to create a good hold in the market.
Peroxyacetic Acid Market:
The Global Peroxyacetic Acid Market is completely driven by the rising in the use of applications areas such as food industries, healthcare industries, beverages industries and others. The demand from these industries have resulted increase in demand of Peroxyacetic Acid. The Peroxyacetic Acid has got the approval from U.S Food and Drug Administration as a safe chemical and an antimicrobial for keep food hygiene for a longer period of time. This has helped the Peroxyacetic Acid to develop several new applications such as microbial disinfectants and food preservatives in the few years. Peroxyacetic Acid is widely used in the food and processing industry to preserve fishery, meat and poultry product for a longer time. Application such as beverages processing, is also a major driving factor of the Global Peroxyacetic Acid Market. The advanced production technologies and increasing recognition of bio based chemical along with innovative techniques in various applications has created a positive impact on the Global Peroxyacetic Acid Market.
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The Global Peroxyacetic Acid Market and is expected to reach $1,092.5 million by 2027.
Disinfectant accounted for the largest market share registering CAGR of 8.37% during the forecast period.
Regionally, Europe holds the largest market share 29%% of Global Peroxyacetic Acid Market and is expected to reach $325.1 million by 2027 from $135.5 million in 2015.
Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 8.02% from 2016 to 2027.
On the basis of Applications, food segment holds 27% market share.
Key Table of Contents:
11. Company Profile
11.1 Solvay Chemicals
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Overview
11.1.4 Key Development
11.2 Evonik Industries
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Overview
11.2.4 Key Development
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Overview
11.3.4 Key Development
11.4 Aditya Birla Chemicals
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Overview
11.5 Promox S.P.A
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Overview
11.5.4 Key Developments
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