Pune, India, October 14, 2016 /MRFR Press Release/- Market Research Future published a cooked research report on Peroxyacetic Acid market. The global market for peroxyacetic acid market is expected to grow over the CAGR of 7.11% during the period 2016 to 2027 from USD 1,092.5 million in 2016.
The Global Peroxyacetic Acid market has been evaluated as growing market and expected that the market will touch high growth figures. In last decade the global peroxyacetic acid manufacturers have found wide range of applications in peroxyacetic acid. This has shifted the momentum of the peroxyacetic acid market there by boosting the revenues with the growth rate of over 7.11% per year.
Taste the market data and market information presented through more than 100 market data tables and figures spread over 145 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Peroxyacetic Acid Market Research Report -Forecast to 2027”
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.
The major participants of this market are Solvay Chemicals, Evonik Industries, Ecolab, Aditya Birla Chemicals, Promox S.P.A, Christeyns, Enviro Tech Chemical Services, Peroxychem, Seitz Gmbh and others.
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.