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RSSDallas, Texas (PRWEB) May 19, 2015
The report, Global Peracetic Acid Market 2015-2019 says the popularity of on-site PAA generation equipment is one of the major trends emerging in the market. On-site PAA generation has immense advantages over the procurement of solution PAA, particularly for medium to large scale PAA consumers. Large food processing companies, municipal water treatment organizations, and pulp and paper manufacturers require significant recurrent quantities of PAA.
This complete report of 122 pages, provides 61 List of Exhibits and analysis peracetic acid market share, key drivers, key challenges, key trends and their impact. Browse this report at http://www.reportsnreports.com/reports/396038-global-peracetic-acid-market-2015-2019.html.
The analysts forecast global peracetic acid market to grow at a CAGR of 7.52% over the period 2014-2019. According to the report, a robust growth in the global F&B industry, accompanied by the demand for safe and hygienic packaging is one of the major drivers of the peracetic acid market. PAA's role as a disinfectant and a sanitizer has further expanded the scope of its application beyond the F&B industry and into the healthcare sector, where the chemical is used for sterilizing medical equipment.
The report Global Peracetic Acid Market 2015-2019 provides following segment analysis:
Application: Disinfectant, Sanitizer, Sterilant, Bleaching Agent, And Others
End Use: F&B Packaging, Waste Water Treatment, Pulp And Paper Industry, Healthcare, Oil And Gas Exploration, Laundry and Others
Geography: APAC, EMEA, North America, and ROW
The report further includes a discussion of the key vendors operating in peracetic acid market, market structure based on the Herfindahl index, and a comment on the vendors’ product portfolios. A significant increase in the demand for PAA in China and India as a result of rapid economic and industrial development is expected to alter the global supply-demand scenario. New peroxide production capacities are expected to rise in China and the Middle East on account of cheaper feedstock and robust demand in APAC. Also, further major technological advances in the production of PAA and the evaluation of various new uses for the chemical in aerospace and mining applications, primarily on account of increasing R&D expenditure is likely to happen.
The top countries that are contributing to the growth of the Peracetic Acid Market include:
- US
- India
- China
- Japan
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Competitive Landscape of the Peracetic Acid Market:
Major chemical companies from Europe dominate the market with an expanded portfolio of specialty chemicals coupled with proprietary manufacturing technologies. These players have manufacturing facilities located across the world and they operate through strategic partnerships and joint ventures. New capacities are being set up by them to ensure proximity and easy access to the fast growing markets of China, India, and other Southeast Asian countries.
PAA is used for disinfection of equipment and sanitization of establishments in dairies, wineries, meat, and poultry processing industries. The concept of 'going organic ' involves usage of bio-friendly chemicals. PAA is poised well for these applications due to the fact that is does not leave any harmful residue.
Key Market Drivers
- Increase in Demand for Disinfectants
- Growing Demand for Wastewater Treatment Solutions
- Strict Regulations on Usage of Chlorine-based Chemicals
- Downtrend in Crude Oil Prices
- Increased Demand for Propylene Oxide
Key Market Trends
- Availability of Reagents
- Popularity of On-site PAA Generation Equipment
- Growth in Demand from F&B Processing Industry
- Evaluation of Alternate Uses of PAA
- Strict Regulatory Regimes in Developing Countries
The following companies as the key players in the global peracetic acid market: Aditya Birla Chemicals, Arkema, Ecolab, Evonik, Kemira, PeroxyChem and Solvay.
Other Prominent Vendors in the market are: Christeyns, DuPont, Enviro Tech Chemical Services, Helios group, Mitsubishi Gas Chemical Company, Promox, Seitz, Shandong Huatai Interox Chemical Co Ltd and Sigma-Aldrich.
Further, the report states that volatility in the prices of crude and petrochemical intermediaries such as acetaldehyde, the major raw material in the production of PAA, is one of the major challenges that the market faces. The recent plunge in crude oil prices has not only affected the margins of the petrochemical majors, but has also made them conservative in addition of new capacities.
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