Global Peracetic Acid Market for Food and Beverages: Overview

It has been noticed in the last couple of years, the global peracetic acid market has experienced a tremendous jump due to its strong oxidizing properties. It has been extensively used in paper and pulp bleaching industry because of its strong oxidizing properties. Another property which has made the peracetic acid market in such a high demand is the fact that it can acts as microbial agent, which makes it an important asset in medical, water treatment industries, and household care. Peracetic acid can be used as sanitizing disinfectant agent in various industry. Other application of the peracetic acid market is that it can be used as valuable biocide in horticultural and agricultural industries. Rise in food and beverage industry all across the world due to incessant rise in population is likely to become the fastest growing segment of the market in the years to come.

Rapid growth of population due to irregular family planning in most part of the world is triggering the demand for food and beverages as frozen meat, non- aerated and aerated drinks, and poultry, is likely to boost the demand for peracetic acidic market across the worldwide. Apart from these, the rise in awareness among consumers regarding the availability of clean drinking water, and hygiene, as the regions are more vulnerable towards microbial infection, particularly in frozen food, thus raising the demand for peracetic acid in the market. Amongst all the other region, North America dominates the market by holding the major share of the market. The global market for peracetic acid likely to expand at CAGR of 7.3% by 2020. The market is anticipated to be valued at US$652.9 mn by the assessed period 2014-2020.

Food and Beverages Industry to Promote the Growth of Global Peracetic Acid Market

The global peracetic acid market is classified on the basis of end-user analysis which consists of water treatment, pulp and paper bleaching, and food and beverages, households, agriculture, medical and others. It has been anticipated that the surge in demand for peracetic acid worldwide in the end-user segment such as food and beverages, and water treatment is likely to provide boost in the growth of the market in the years to come. It has been noticed that the frequent fluctuations in the cost of raw materials accompanied with the harmful side effects of peracetic acid when exposed is likely to deter the growth of the market during the forecast period. However, it has been noticed that the mass production of peracetic acid as it going to reduce the price thus creating a lucrative opportunity for the market to grow in future.

Developing Countries to Make Asia Pacific the Fastest Growing Region

Geographically, the global peracetic acid market is split into North America, Europe, Rest of the World, and Asia Pacific. High demand of peracetic acid in industries such as water treatment and food and beverages industry is prognosticated to push the growth of the market, particularly in the North America during the assessed period. Asia Pacific region is expected to become the fastest growing market during the predicted period. Emerging economic countries in the region such as China, and India is likely to experience a sudden surge in demand for peracetic acid, from various industries, thus promoting the growth of the market. In North America and Europe, the demand is anticipated to witness a steady rise due to the constant economic recovery in various parts of Europe and the U.S. The peracetic acid market is predicted to witness a demand in Latin America, and Middle East during the forecast period, thus pushing burgeoning the growth of the market in the rest of the world.

Major players in global peracetic acid market are Evonik Industries, PeroxyChem LLC, Ecolab Inc., and Thai Peroxide Limited.

The report analyzes and forecasts the market for peracetic acid on the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2014 to 2020. The study includes drivers and restraints of the global peracetic acid market. It also covers the impact of these drivers and restraints on demand for peracetic acid during the forecast period. The report comprises the study of opportunities in the peracetic acid market on the global and regional level. 
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global peracetic acid market. Analysis of Porter’s Five Forces model for the peracetic acid market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate and general attractiveness.
 
The study provides a decisive view on the global peracetic acid market by segmenting it in terms of end-users. End-user segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). The report also covers demand for individual end-user segments in all the regions.
 
The study includes profiles of major companies operating in the global peracetic acid market. Key players profiled in the report include Kemira Oyj, Solvay S.A., Promox S.p.A., Evonik Industries, Ecolab Inc., Diversey, Inc., Thai Peroxide Limited, Mitsubishi Gas Chemical Company, Inc. and PeroxyChem LLC. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies and recent developments.
 
The report provides the market size of peracetic acid for 2013, and forecast for the next six years. The global market size of peracetic acid is provided in terms of both volume as well as revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on various key end-user segments of peracetic acid. Market size and forecast for each major end-user is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, Onesource, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape and outlook, etc. These help validate and strengthen the secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global peracetic acid market as:
 
Peracetic Acid Market - End-user Analysis
  • Food and Beverages
  • Pulp and Paper Bleaching
  • Water Treatment
  • Medical
  • Agriculture
  • Others (Including Household, etc.) 
Peracetic Acid Market - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • RoW (South America, Africa and the Middle East)
.