Global Peracetic Acid Market for Food and Beverages: Overview
In last couple of years the global peracetic acid market has witnessed a significant jump due to its oxidising and disinfectant properties. It is used widely in paper and pulp bleaching industry due to its strong oxidising properties. It also acts as an anti-microbial agent that makes it asset in household care, medical, and water treatment industries. A mildly concentrated peracetic acid mixture is used as a disinfectant and as a sanitizing agent as well in various end-user industries. This acid is also used as a valuable biocide in agricultural and horticultural industries. Food and beverages is estimated to emerge as the fastest growing segment of the global peracetic acid market in the coming years.
Rise in population along with increasing demand for food and beverages as poultry, frozen meat, and aerated and non-aerated drinks are anticipated to act as the driving forces for peracetic acid market worldwide. Besides, increasing concerns regarding clean drinking water, and hygiene, as the regions have become more vulnerable to microbial infection in frozen food is estimated to increase the demand for peracetic acid in the market. Among all the regions, North America stands as the largest regional market with major section of shares. The global market for peracetic acid is anticipated to rise at CAGR of 7.3% by 2020. The global valuation of the market is estimated of US$652.9 mn by 2020.
Water Treatment and Food and beverages Industry to Boost the Growth of Peracetic acid in the Market
The worldwide peracetic acid market is divided on the basis of end-user analysis which comprise of food and beverages, pulp and paper bleaching, water treatment, medical, agriculture, households, and others. Rise in demand for peracetic acid worldwide in the fast paced end-user segments such as water treatment, and food and beverages is likely to be a leading cause behind its growth in the market in the coming years. The fluctuation in the cost of raw materials along with the harmful effects of peracetic acid when exposed is estimated to pull down the market growth during the predicted period. Nevertheless, peracetic acid is manufactured on a large scale as mass production to reduce the prices is likely to present significant opportunities in the market for peracetic acid in next six years.
North America to Rule Global Peracetic Acid Market with Major Percentage of Shares
The global peracetic acid market is broadly divided on the basis of regions such as Europe, North America, Asia Pacific, and Rest of the World. Rise in demand for peracetic acid in food and beverages and water industries is expected to boost the peracetic acid market in North American region in coming time. Asia Pacific is estimated to be one of the fastest growing regions during the predicted period. Increase in the demand for peracetic acid in the developing economies in Asia such as India and China is anticipated to act as a catalyst for the growth of peracetic acid in the market of Asia Pacific region. In Europe and North America the demand is expected to rise because for the constant economic recovery in the U.S. and in developed counties of Europe. The peracetic acid market is likely to grow in the rest of the world with a high-pace in coming years, which will result in the increase in demand in the areas such as Middle East and Latin America.
The leading players in global peracetic acid market are Mitsubishi Gas Chemical Company, Inc., Evonik Industries, Diversey, Inc., Solvay S.A., PeroxyChem LLC, Kemira Oyj, Thai Peroxide Limited and Ecolab Inc.
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
- Others (Including Household, etc.)
Peracetic Acid Market - Regional Analysis
- North America
- Asia Pacific
- RoW (South America, Africa and the Middle East)