Peracetic acid (also known as peroxyacetic acid) is an organic compound, which is a colorless liquid with a pungent odor close to acetic acid. Peracetic acid is used as an antimicrobial in various industrial as well as household processes, which includes food establishment, agricultural processes, medical facilities, lavatories, dairy processing plants, pasteurizers in breweries, wineries, and beverage plants.
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It is also utilized as the disinfectant for medical supplies, and to prevent biofilm formation in pulp industries. Increasing demand for peracetic acid in food processing and beverage industries is expected to boost the global peracetic acid market in upcoming years.
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There are some restraining factors in the peracetic acid market such as exposure to peracetic acid can cause skin and eye irritation, and long-term exposure can cause lung damage and asthma.
Peracetic acid market is segmented on the basis of type, application, and geography. Further, types of peracetic acid includes disinfectant, sterilant, and sanitizer.
Application of peracetic acid includes the sectors of healthcare, water treatment, food, pulp & paper. Geographically, peracetic acid market is segmented into North America, Asia Pacific, Europe, and LAMEA.
China is the leading country in terms of usage of peracetic acid due to increasing demand from food industries.
The key players in peracitic acid market are Solvay Chemicals, Evonik Industries, PeroxyChem, Kemira Chemicals, Ecolab, Enviro Tech Chemical Services, and Aditya Birla Chemicals. The companies are adopting expansion and acquisition strategies to enter into paracetic acid market.
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