Peracetic Acid Market by Application (Disinfectant, Sterilant, Sanitizer), End-use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper), and Region (North America, Europe, APAC) - Global Forecasts to 2030
Updated on : March 25, 2023
Peracetic Acid Market Size
The Global Peracetic Acid Market Size was valued at USD 813 million in 2020 and is projected to reach USD 1,685 million by 2030, growing at a cagr 7.6% from 2020 to 2030. The global market is rapidly growing and is projected to exhibit strong growth in the future with increasing demand from end-use industries. The development of the product as per the needs of specific applications in various industries will be a vital factor in the growth of the peracetic acid market in the next five years. The current market growth is fueled by the demand in APAC, approval for manufacturing by environmental associations, and enhanced performance of peracetic acid in various end-use markets in Europe and the US.
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Impact of COVID-19 on Peracetic Acid Market
COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks. The World Health Organization (WHO) declared COVID-19 as a pandemic on 11th March, 2020.
Government agencies have announced special financial aid towards the development of preventive and curative drugs, the purchase of critical care medical devices, and the fast-track approval of diagnostic tests. Various organizations across the globe, such as the Bill and Melinda Gates Foundation (BMGF) and Wellcome Trust, are also coming together to accelerate and strengthen the efforts to fight the COVID-19 pandemic.
The pandemic has disrupted healthcare systems all over the world, with hospitals being overwhelmed due to the increasing influx of patients. Temporary hospitals are also being set up to deal with increasing disease incidence. Hence, the spread of COVID-19 has spurred a surge in demand for cleaning and disinfection products due to the growing awareness about hygiene, health, and safety. Increasing healthcare expenditure across all nations and an increase in the number of temporary hospitals are some of the major factors driving the demand and uptake of peracetic acid products.
- According to Lieutenant General Todd Semonite (Chief of Engineers of the United States Army and the Commanding General of the US Army Corps of Engineers), the US Army Corps of Engineers sought hotels, dormitories, convention centers, and large open spaces to build as many as 341 temporary hospitals.
- At least 10% of reported positive COVID-19 cases require ICU involvement, with many patients requiring urgent tracheal intubation for profound and sudden hypoxia.
- Between 21–31% of COVID-19 patients in the US required hospitalization, and 5–11% required intensive care.
Factors such as the increasing demand for hospital beds and ICUs, the proliferation of isolation facilities, and increasing awareness among consumers on hygiene and preventive healthcare have greatly boosted the demand for peracetic acid.
The COVID-19 outbreak has made personal and household disinfection increasingly important to prevent the spread of the disease. Many consumers have responded by panic-buying disinfecting & sanitizing products to ensure that they can keep their homes virus-free. As a result, sanitizers and disinfectants are running out of stock at retail stores. In response, retailers are dealing with the spike in demand by restocking their shelves with green disinfectants. The EPA is also adding many natural disinfectants to its "approved" list for fighting COVID-19.
Post COVID-19, the demand for peracetic acid is expected to scale up due to the threat of the reemergence of the virus. Considering these factors, the COVID-19 pandemic is expected to result in the emergence of new domestic players in the peracetic acid market.
Peracetic Acid Market Dynamics
Drivers: Advantage of peracetic acid over other substitute biocides
Disinfectants, sanitizers, chemical sterilant, and other biocide chemicals play an essential role in preventing microbial growth. Peracetic acid is an effective product and is generally used as an environment-friendly alternative to chlorine for wastewater treatment. It is an ideal replacement for chlorine for use as a bleach and disinfectant.
Peracetic acid is one of the innovative developments in the biocide industry due to its performance benefits compared to other biocides. Product awareness and favorable features (long shelf life, optimum performance, safe by-products, and slow thermal degradation) of peracetic acid are attracting end users to use this product in various applications. The growing demand for peracetic acid in various applications is driving the market in various end-use industries.
Restraints: High cost and low awareness of benefits
The major restraint for the peracetic acid market is the lack of awareness about the product. Consumers have less knowledge about this product and its benefits in different application areas.
Additionally, peracetic acid is more expensive compared to its substitutes, such as hydrogen peroxide, chlorine, sodium hypochlorite, and calcium hypochlorite. This is also acting as a restraint to the growth of the market.
Opportunity: High growth potential in APAC
The major end-use industries of peracetic acid are food, pharmaceutical, pulp & paper, and water treatment that are growing at a rapid rate in APAC. Peracetic acid is used in these industries since its development and is still a strong segment in the biocides industry. It is extensively used in the food industry, mainly in food processing and packaging of products such as juices, milk, soft drinks, and tea. Peracetic acid is also used in pharmaceutical, life sciences, hospitals, and other sectors due to the growing healthcare sector. It exhibits a stronger oxidation potential than competitive products and faster degrading residuals with fewer by-products.
Leading pharmaceutical companies are establishing their plants in APAC due to the increased demand for medical products from developing countries of the region. The pharmaceutical industry is showing significant growth in the region. Thus, the demand in the APAC region will be a key driver for the growth of the global peracetic acid market in the next five years.
Challenge: Highly reactive product
Peracetic acid is a complex solution with different concentration grades. It is a very corrosive, strong oxidizing agent and is more reactive than other available low-concentration products. For instance, 35% peracetic acid grade is unstable and has explosive characteristics. It can be dangerous when it comes in contact with combustible materials or other chemicals. Global manufacturers are, however, offering stabilized peracetic acid to minimize such risks.
Disinfectant accounted for the largest share of the peracetic acid market during the forecast period
The disinfectant application is projected to grow at a high rate and is expected to drive the overall peracetic acid market. It is the largest segment in terms of both value and volume. A key factor for the growth of the market in this segment is the demand in the food & beverage, healthcare, water treatment, and pulp & paper industries.
Food & beverage industry to lead the peracetic acid market during the forecast period
New applications and product grades are expected to develop in the industry. The key manufacturers are working on newer applications, and sample trials are ongoing to test the performance of peracetic acid across various industry verticals. The recent rise in demand for peracetic acid in water treatment plants in North America offers growth opportunities for the market.
APAC to the fastest growing peracetic acid market during the forecast period.
The ongoing R&D activities and increasing technological advancements in developing economies are propelling the demand for peracetic acid in end-use industries across the globe. Therefore, the market for peracetic acid in developing countries, including India, China, Brazil, and countries of the Middle East & Africa is expected to grow faster in comparison to the developed markets such as the US, France, the UK, and Germany.
The peracetic acid market in the APAC region is in the growth phase and is projected to be the fastest-growing market. The high demand in the region is mainly due to the huge and increasing addressable population base and the shift of the manufacturing base to this region. Growth in the APAC region is expected to outpace that of both North America’s and Europe’s. On the other hand, the Middle East & African, and South American markets are still in the developing phase. Production of peracetic acid in these regions is very low due to a lack of domestic manufacturers and high economic and political barriers.
Europe to account for the first largest share of the global peracetic acid market during the forecast period.
Europe is one of the largest markets for peracetic acid. The European market is segmented into key countries as the UK, Germany, Italy, France, Russia, and Rest of Europe. These countries together account for a significant share of the global peracetic acid market.
In Europe, peracetic acid is mostly used for clarification, disinfection, and purification of brackish water and wastewater. Industries, such as chemical processing, food & beverage, and pulp & paper, have a high demand for peracetic acid in the region. Physical water treatment and new processes, such as UV disinfection and membrane filtration, are also gaining importance in Europe as replacements for chemicals. Stringent EU directives support the minimal use of chemicals for water treatment. This is one of the key challenges in the European peracetic acid market.
Peracetic Acid Market Players
The key players in the peracetic acid market are Evonik Industries AG (Germany), Solvay SA (Belgium), Mitsubishi Gas Chemical Company (Japan), Ecolab Inc. (US), Enviro Tech Chemical Services (US), Kemira Ojy (Finland), Christeyns (Belgium), SEITZ GmBH (Germany), Jubilant Life Sciences (India), and Sopura (Belgium).
Peracetic Acid Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2020 |
USD 813 Million |
|
Revenue Forecast in 2030 |
USD 1,685 Million |
|
CAGR |
7.6% |
|
Years considered for the study |
2018–2030 |
|
Base year |
2019 |
|
Forecast period |
2020–2030 |
|
Units considered |
Value (USD Million) and Volume ( |
|
Segments |
Application and End-Use Industry |
|
Regions |
APAC, North America, Europe, the Middle East & Africa, and South America |
|
Companies |
Evonik Industries AG (Germany), Solvay SA (Belgium), Mitsubishi Gas Chemical Company (Japan), Ecolab Inc. (US), Enviro Tech Chemical Services (US), Kemira Ojy (Finland), Christeyns (Belgium), SEITZ GmBH (Germany), Jubilant Life Sciences (India), and Sopura (Belgium) |
This research report categorizes the peracetic acid market based on application, end-use industry, and region.
Based on application, the peracetic acid market has been segmented as follows:
- Disinfectant
- Sterilant
- Sanitizer
- Others (oxidant, reagent, and polymerization catalyst)
Based on end-use industry, the Peracetic acid market has been segmented as follows:
- Healthcare
- Food & beverage
- Water treatment
- Pulp & paper
- Others (agricultural premises, wineries, breweries, and laundry)
Based on the region, the peracetic acid market has been segmented as follows:
- North America
- Europe
- APAC
- Middle East & Africa
- South America
Recent Developments
- In February 2020, Evonik successfully closed the acquisition of PeroxyChem (US), for USD 640 million. PeroxyChem is a manufacturer of hydrogen peroxide (H2O2) and peracetic acid (PAA) and is well-positioned in high-margin specialty applications. The acquisition unlocked additional growth opportunities for Evonik, especially in the market for environment-friendly disinfectants.
- In September 2019, Enviro Tech invested USD 8 Million to build new manufacturing facility at the Levelland, Texas Industrial Rail Park. It processes around 10,000 tons of domestically sourced raw materials a year and is equipped with state-of-the-art automation, rail service, and environmental technologies. The advanced technologies include treatment and reuse of water, reuse of 90% of solid waste to recyclers, and energy-saving plant designs and equipment.
- In January 2018, Enviro Tech completed the installation of the largest peracetic acid delivery and dosing system in the US. With this, the Metro Wastewater Reclamation District in Denver, Colorado, has begun disinfecting their wastewater effluent with Enviro Tech's peracetic acid (PAA) product called Peragreen WW (15% PAA).
- In July 2017, Evonik introduced a disinfectant product line, HYPROX AS. This product helps in the manufacturing of cleaning products with biocide registration, as per the Biocidal Products Regulation (EU) 528/2012.
- In March 2017, Evonik PERACLEAN 22 CW was unveiled for use in meat and poultry processing by the United States Department of Agriculture (USDA) and Food and Drug Administration (FDA). The product is now fully available to participate in the meat and poultry processing industry.
- In February 2017, Solvay and Aquatic Concept Group (ACG) signed an agreement to work together in pursuit of sustainable growth in their worldwide aquaculture operations. Aquatic is a Norway-based leading supplier of solutions in the food industry. It manufactures products in the field of hygiene, processing equipment, professional cleaning, and consultant, this partnership has helped the companies in expanding the distribution channel for peroxide products.
- In April 2016, Ecolab launched a mixed peracetic acid sanitizer and disinfectant brand called Synergex. This product is US EPA-registered and designed to help dairy, food, beverage, and brewery processors to ensure food quality, improve productivity, enhance workplace safety, and reduce environmental impact.
- In February 2016, Peróxidos do Brasil, a joint venture between the Solvay Group and Produtos Químicos Makay (PQM), a Brazilian company, announced to build a hydrogen peroxide plant in the Coronel Industrial Park, in Chile. It will be used in peracetic acid production and in pulp and mining applications.
Frequently Asked Questions (FAQ):
Who uses peracetic acid?
peracetic acid, also known as peroxyacetic acid or PAA used by healthcare, food & beverage, water treatment, pulp & paper industry.
Does this report covers the new applications of peracetic acid?
Yes the report covers the new applications of peracetic acid.
Does this report cover the volume tables in addition to value tables?
Yes the report covers the market both in terms of volume as well as value
What is the current competitive landscape in the peracetic acid market in terms of new applications, production, and sales?
The market has various large, medium, and small scale players operating across the globe. Many players are constantly innovating and developing new products and expanding to developing countries where the demand is constantly growing; thereby boosting sales.
Which all countries are considered in the report?
US, China, Japan, Germany, UK and France are major countries considered in the report. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET INCLUSIONS AND EXCLUSIONS
1.3.1 MARKET INCLUSIONS
1.3.2 MARKET EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 PERACETIC ACID MARKET SEGMENTATION
1.4.1 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 UNIT CONSIDERED
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 2 PERACETIC ACID MARKET: RESEARCH METHODOLOGY
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Primary Data Sources
2.1.2.2 Key Data from Primary Sources
2.1.2.3 Key Industry Insights
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
2.2 MARKET SIZE ESTIMATION
2.2.1 BASED ON BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
FIGURE 5 GLOBAL PERACETIC ACID MARKET SIZE ESTIMATION
2.3 DATA TRIANGULATION
FIGURE 6 PERACETIC ACID MARKET: DATA TRIANGULATION
2.4 ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 38)
TABLE 1 PERACETIC ACID MARKET SNAPSHOT (2020 VS. 2025 VS. 2030): MARKET TO WITNESS HIGH GROWTH BETWEEN 2020 AND 2030
FIGURE 7 EUROPE TO LEAD THE GLOBAL PERACETIC ACID MARKET
FIGURE 8 DISINFECTANT SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF PERACETIC ACID MARKET
FIGURE 9 FOOD & BEVERAGE SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF PERACETIC ACID MARKET
FIGURE 10 APAC TO BE THE FASTEST-GROWING PERACETIC ACID MARKET
4 PREMIUM INSIGHTS (Page No. - 42)
4.1 ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS
FIGURE 11 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
4.2 PERACETIC ACID MARKET, BY APPLICATION
FIGURE 12 STERILANT TO BE THE FASTEST-GROWING SEGMENT BETWEEN 2020 AND 2030
4.3 PERACETIC ACID MARKET: DEVELOPED VS. DEVELOPING MARKETS
FIGURE 13 DEVELOPING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS
4.4 PERACETIC ACID MARKET, BY END-USE INDUSTRY AND REGION
FIGURE 14 EUROPE AND FOOD & BEVERAGE SEGMENT ACCOUNTED FOR LARGEST SHARES
4.5 GLOBAL PERACETIC ACID MARKET, BY KEY COUNTRIES
FIGURE 15 INDIA TO BE THE FASTEST-GROWING PERACETIC ACID MARKET BETWEEN 2020 AND 2025
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 VALUE CHAIN OVERVIEW
5.2.1 VALUE CHAIN ANALYSIS
FIGURE 16 PERACETIC ACID MARKET: VALUE-CHAIN ANALYSIS
5.2.2 RAW MATERIALS
FIGURE 17 MANUFACTURING OF PERACETIC ACID
5.2.2.1 Hydrogen Peroxide
FIGURE 18 MANUFACTURING OF HYDROGEN PEROXIDE
5.2.2.2 Acetic Acid
FIGURE 19 MANUFACTURING OF ACETIC ACID
5.2.3 DISRUPTION IN VALUE CHAIN DUE TO COVID–19
5.2.3.1 Action plan against current vulnerability
5.3 MARKET DYNAMICS
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PERACETIC ACID MARKET
5.3.1 DRIVERS
5.3.1.1 Advantage of peracetic acid over other substitute biocides
5.3.1.2 Government regulations in the European and North American regions
5.3.1.3 Increasing water treatment procedures
5.3.1.4 Rising focus on food sterilization and disinfection
5.3.2 RESTRAINTS
5.3.2.1 High cost and low awareness of benefits
5.3.3 OPPORTUNITIES
5.3.3.1 High growth potential in APAC
5.3.3.2 Emerging applications across various industries
5.3.3.3 A potential alternative to other biocides
5.3.4 CHALLENGES
5.3.4.1 Highly reactive product
5.4 PORTER’S FIVE FORCES ANALYSIS
FIGURE 21 PERACETIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS
5.4.1 THREAT OF NEW ENTRANTS
5.4.2 BARGAINING POWER OF BUYERS
5.4.3 BARGAINING POWER OF SUPPLIERS
5.4.4 THREAT OF SUBSTITUTES
5.4.5 INTENSITY OF COMPETITIVE RIVALRY
5.5 AVERAGE PRICE ANALYSIS
TABLE 2 AVERAGE PRICE OF COMPETITIVE PRODUCTS
FIGURE 22 AVERAGE PRICE COMPETITIVENESS IN THE GLOBAL MARKET
5.6 PERACETIC ACID ECOSYSTEM
FIGURE 23 PERACETIC ACID ECOSYSTEM
5.6.1 YC & YCC SHIFT
5.7 TECHNOLOGY/COMPETITION ANALYSIS
FIGURE 24 COMPARISON AMONG COMPETITIVE ALTERNATIVES OF BIOCIDES
5.7.1 HYDROGEN PEROXIDE
5.7.2 CHLORINE
5.7.3 CHLORINE DIOXIDE
5.7.4 OZONE
5.7.5 ALDEHYDES
5.8 REGULATORY & SAFETY REQUIREMENTS
5.9 MACROECONOMIC INDICATORS
5.9.1 INTRODUCTION
5.9.2 TRENDS AND FORECAST OF GDP
TABLE 3 GDP PERCENTAGE CHANGE OF KEY COUNTRIES, 2019–2024
5.9.3 TRENDS IN PULP & PAPER INDUSTRY
FIGURE 25 GROWTH PROSPECTS IN PULP & PAPER INDUSTRY
5.1 TRADE DATA ANALYSIS
5.10.1 HYDROGEN PEROXIDE IMPORT-EXPORT TREND IMPACTING THE PERACETIC ACID PRODUCTION IN GLOBAL MARKET
TABLE 4 EXPORT TRADE DATA FOR TOP COUNTRIES, 2015–2019 (USD THOUSAND)
FIGURE 26 HYDROGEN PEROXIDE EXPORT DATA ANALYSIS, 2015–2019
TABLE 5 IMPORT TRADE DATA FOR TOP COUNTRIES, 2015–2019 (USD THOUSAND)
FIGURE 27 HYDROGEN PEROXIDE IMPORT DATA ANALYSIS, 2015–2019
5.11 PERACETIC ACID PATENT ANALYSIS
5.11.1 METHODOLOGY
5.11.2 PUBLICATION TRENDS
FIGURE 28 PUBLICATION TRENDS, 2016–2020
5.11.3 INSIGHT
5.11.4 JURISDICTION ANALYSIS
FIGURE 29 JURISDICTION ANALYSIS OF REGISTERED PATENTS, 2016–2020
5.11.5 TOP APPLICANTS
FIGURE 30 NUMBER OF PATENTS, BY COMPANY, 2016–2020
5.12 CASE STUDY
5.13 COVID-19 IMPACT
5.13.1 COVID-19 ECONOMIC ASSESSMENT
5.13.1.1 Major Economic Effects of COVID-19
FIGURE 31 REVISED GDP FORECASTS DUE TO COVID-19 FOR SELECTED G20 COUNTRIES IN 2020
5.13.1.2 Scenario Assessment
FIGURE 32 FACTORS IMPACTING ECONOMY OF G20 COUNTRIES IN 2020
5.13.1.3 Scenario-based Analysis of Impact Of COVID-19
FIGURE 33 SCENARIOS: IMPACT OF COVID-19 ON BUSINESS
6 PERACETIC ACID MARKET, BY APPLICATION (Page No. - 70)
6.1 INTRODUCTION
FIGURE 34 DISINFECTANT SEGMENT TO LEAD THE PERACETIC ACID MARKET BETWEEN 2020 AND 2030
TABLE 6 PERACETIC ACID MARKET SIZE, BY APPLICATION, 2016–2018 (USD MILLION)
TABLE 7 MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 8 PERACETIC ACID MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 9 MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
6.1.1 IMPACT OF COVID-19 ON PERACETIC ACID MARKET
6.2 DISINFECTANT
6.2.1 PERACETIC ACID IS LARGELY USED IN THE DISINFECTION OF MEDICAL SUPPLIES IN THE HEALTHCARE INDUSTRY
TABLE 10 DISINFECTANT COMPARISON CHART
TABLE 11 PERACETIC ACID MARKET SIZE IN DISINFECTANT APPLICATION, BY REGION, 2016–2018 (USD MILLION)
TABLE 12 PERACETIC ACID MARKET SIZE IN DISINFECTANT APPLICATION, BY REGION, 2019–2030 (USD MILLION)
TABLE 13 PERACETIC ACID MARKET SIZE IN DISINFECTANT APPLICATION, BY REGION, 2016–2018 (KILOTON)
TABLE 14 MARKET SIZE IN DISINFECTANT APPLICATION, BY REGION, 2019–2030 (KILOTON)
6.3 STERILANT
6.3.1 SAFETY CHARACTERISTICS OF PERACETIC ACID ARE IMPORTANT FOR STERILIZATION PROCESS
TABLE 15 PERACETIC ACID MARKET SIZE IN STERILANT APPLICATION, BY REGION, 2016–2018 (USD MILLION)
TABLE 16 MARKET SIZE IN STERILANT APPLICATION, BY REGION, 2019–2030 (USD MILLION)
TABLE 17 PERACETIC ACID MARKET SIZE IN STERILANT APPLICATION, BY REGION, 2016–2018 (KILOTON)
TABLE 18 MARKET SIZE IN STERILANT APPLICATION, BY REGION, 2019–2030 (KILOTON)
6.4 SANITIZER
6.4.1 REGULATORY ASSOCIATIONS ACROSS REGIONS ARE NOW APPROVING PERACETIC ACID TO BE USED FOR SANITIZING OPERATIONS
TABLE 19 TYPICAL SANITIZERS FOR FOOD INDUSTRY
TABLE 20 PERACETIC ACID MARKET SIZE IN SANITIZER APPLICATION, BY REGION, 2016–2018 (USD MILLION)
TABLE 21 MARKET SIZE IN SANITIZER APPLICATION, BY REGION, 2019–2030 (USD MILLION)
TABLE 22 PERACETIC ACID MARKET SIZE IN SANITIZER APPLICATION, BY REGION, 2016–2018 (KILOTON)
TABLE 23 MARKET SIZE IN SANITIZER APPLICATION, BY REGION, 2019–2030 (KILOTON)
6.5 OTHERS
TABLE 24 PERACETIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2018 (USD MILLION)
TABLE 25 MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2030 (USD MILLION)
TABLE 26 PERACETIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2018 (KILOTON)
TABLE 27 MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2019–2030 (KILOTON)
7 PERACETIC ACID MARKET, BY END-USE INDUSTRY (Page No. - 82)
7.1 INTRODUCTION
FIGURE 35 WATER TREATMENT TO BE THE FASTEST-GROWING END-USE INDUSTRY
TABLE 28 PERACETIC ACID MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 29 MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 30 PERACETIC ACID MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 31 MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
7.1.1 COVID-19 IMPACT ANALYSIS
7.2 HEALTHCARE
7.2.1 PERACETIC ACID IS A PREFERRED REPLACEMENT FOR GLUTARALDEHYDE IN THE STERILIZATION OF MEDICAL DEVICES
TABLE 32 PERACETIC ACID MARKET SIZE IN HEALTHCARE, BY REGION,2016–2018 (USD MILLION)
TABLE 33 MARKET SIZE IN HEALTHCARE, BY REGION, 2019–2030 (USD MILLION)
TABLE 34 PERACETIC ACID MARKET SIZE IN HEALTHCARE, BY REGION, 2016–2018 (KILOTON)
TABLE 35 MARKET SIZE IN HEALTHCARE, BY REGION, 2019–2030 (KILOTON)
7.3 FOOD & BEVERAGE
7.3.1 GROWING HEALTH CONSCIOUSNESS IN DEVELOPING APAC COUNTRIES TO DRIVE FOOD AND BEVERAGE PRODUCTION
TABLE 36 PERACETIC ACID MARKET SIZE IN FOOD & BEVERAGE, BY REGION, 2016–2018 (USD MILLION)
TABLE 37 MARKET SIZE IN FOOD & BEVERAGE, BY REGION, 2019–2030 (USD MILLION)
TABLE 38 PERACETIC ACID MARKET SIZE IN FOOD & BEVERAGE, BY REGION, 2016–2018 (KILOTON)
TABLE 39 MARKET SIZE IN FOOD & BEVERAGE, BY REGION, 2019–2030 (KILOTON)
7.4 WATER TREATMENT
7.4.1 STRINGENT REGULATIONS BY WATER TREATMENT AUTHORITIES AND INCREASING NEED FOR CONVENTIONAL WATER TREATMENT DRIVING THE MARKET
TABLE 40 PERACETIC ACID MARKET SIZE IN WATER TREATMENT, BY REGION, 2016–2018 (USD MILLION)
TABLE 41 MARKET SIZE IN WATER TREATMENT, BY REGION, 2019–2030 (USD MILLION)
TABLE 42 PERACETIC ACID MARKET SIZE IN WATER TREATMENT, BY REGION, 2016–2018 (KILOTON)
TABLE 43 MARKET SIZE IN WATER TREATMENT, BY REGION, 2019–2030 (KILOTON)
7.5 PULP & PAPER
7.5.1 USE OF PERACETIC ACID FOR SLIME CONTROL AS AN ANTI-SLIME AND BLEACHING AGENT IN THE PULP & PAPER INDUSTRY TO DRIVE THE MARKET
TABLE 44 PERACETIC ACID MARKET SIZE IN PULP & PAPER, BY REGION, 2016–2018 (USD MILLION)
TABLE 45 MARKET SIZE IN PULP & PAPER, BY REGION, 2019–2030 (USD MILLION)
TABLE 46 PERACETIC ACID MARKET SIZE IN PULP & PAPER, BY REGION, 2016–2018 (KILOTON)
TABLE 47 MARKET SIZE IN PULP & PAPER, BY REGION, 2019–2030 (KILOTON)
7.6 OTHERS
7.6.1 AGRICULTURE
7.6.2 WINERIES
7.6.3 BREWERIES
7.6.4 LAUNDRY
TABLE 48 PERACETIC ACID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2018 (USD MILLION)
TABLE 49 MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2019–2030 (USD MILLION)
TABLE 50 PERACETIC ACID MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2018 (KILOTON)
TABLE 51 MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2019–2030 (KILOTON)
8 PERACETIC ACID MARKET, BY REGION (Page No. - 96)
8.1 INTRODUCTION
FIGURE 36 REGIONAL SNAPSHOT: HIGH-GROWTH MARKETS ARE EMERGING AS NEW DESTINATIONS
TABLE 52 PERACETIC ACID MARKET SIZE, BY REGION, 2016–2018 (USD MILLION)
TABLE 53 MARKET SIZE, BY REGION, 2019–2030 (USD MILLION)
TABLE 54 PERACETIC ACID MARKET SIZE, BY REGION, 2016–2018 (KILOTON)
TABLE 55 MARKET SIZE, BY REGION, 2019–2030 (KILOTON)
8.2 APAC
FIGURE 37 APAC: MARKET SNAPSHOT
8.2.1 APAC PERACETIC ACID MARKET, BY APPLICATION
TABLE 56 APAC: MARKET SIZE, BY APPLICATION, 2016–2018 (USD MILLION)
TABLE 57 APAC: MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 58 APAC: MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 59 APAC: MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
8.2.2 APAC PERACETIC ACID MARKET, BY END-USE INDUSTRY
TABLE 60 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 61 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 62 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 63 APAC: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
8.2.3 APAC PERACETIC ACID MARKET, BY COUNTRY
TABLE 64 APAC: MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)
TABLE 65 APAC: MARKET SIZE, BY COUNTRY, 2019–2030 (USD MILLION)
TABLE 66 APAC: MARKET SIZE, BY COUNTRY, 2016–2018 (KILOTON)
TABLE 67 APAC: MARKET SIZE, BY COUNTRY, 2019–2030 (KILOTON)
8.2.3.1 China
8.2.3.1.1 Key exporter of peracetic acid in the region
8.2.3.1.2 COVID-19 impact on China
8.2.3.2 India
8.2.3.2.1 Trade agreements with global countries to result in companies investing heavily in the country
8.2.3.2.2 COVID-19 impact on India
8.2.3.3 Japan
8.2.3.3.1 Presence of well-established end-use industries to drive the market
8.2.3.3.2 COVID-19 impact on Japan
8.2.3.4 Rest of APAC
8.3 NORTH AMERICA
FIGURE 38 NORTH AMERICA: PERACETIC ACID MARKET SNAPSHOT
8.3.1 NORTH AMERICAN PERACETIC ACID MARKET, BY APPLICATION
TABLE 68 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2018 (USD MILLION)
TABLE 69 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 70 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 71 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
8.3.2 NORTH AMERICAN PERACETIC ACID MARKET, BY END-USE INDUSTRY
TABLE 72 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 73 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 74 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 75 NORTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
8.3.3 NORTH AMERICAN PERACETIC ACID MARKET, BY COUNTRY
TABLE 76 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)
TABLE 77 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2030 (USD MILLION)
TABLE 78 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2018 (KILOTON)
TABLE 79 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2030 (KILOTON)
8.3.3.1 US
8.3.3.1.1 Presence of major manufacturers fueling the market
8.3.3.1.2 COVID-19 impact on the US
8.3.3.2 Canada
8.3.3.2.1 Treatment of industrial and drinking water to increase the demand for peracetic acid
8.3.3.2.2 COVID-19 impact on Canada
8.3.3.3 Mexico
8.3.3.3.1 Infrastructural developments pushing the demand for water treatment in the country
8.3.3.3.2 COVID-19 impact on Mexico
8.4 EUROPE
FIGURE 39 EUROPE: PERACETIC ACID MARKET SNAPSHOT
8.4.1 EUROPEAN MARKET, BY APPLICATION
TABLE 80 EUROPE: MARKET SIZE, BY APPLICATION,2016–2018 (USD MILLION)
TABLE 81 EUROPE: MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 82 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 83 EUROPE: MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
8.4.2 EUROPEAN PERACETIC ACID MARKET, BY END-USE INDUSTRY
TABLE 84 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 85 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 86 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 87 EUROPE: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
8.4.3 EUROPEAN PERACETIC ACID MARKET, BY COUNTRY
TABLE 88 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)
TABLE 89 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2030 (USD MILLION)
TABLE 90 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2018 (KILOTON)
TABLE 91 EUROPE: MARKET SIZE, BY COUNTRY, 2019–2030 (KILOTON)
8.4.3.1 Germany
8.4.3.1.1 One of the leading manufacturers of peroxides
8.4.3.1.2 COVID-19 impact on Germany
8.4.3.2 UK
8.4.3.2.1 Demand for sustainable and quality products to propel the market
8.4.3.2.2 COVID-19 impact on the UK
8.4.3.3 France
8.4.3.3.1 Demand for disinfection in different end-use industries driving the market
8.4.3.3.2 COVID-19 impact on France
8.4.3.4 Italy
8.4.3.4.1 Government subsidy scheme encouraging the purchase of safe biocide products
8.4.3.4.2 COVID-19 impact on Italy
8.4.3.5 Russia
8.4.3.5.1 Positive economic outlook boosting the country’s peracetic acid market
8.4.3.5.2 COVID-19 impact on Russia
8.4.3.6 Rest of Europe
8.5 SOUTH AMERICA
FIGURE 40 SOUTH AMERICA: PERACETIC ACID MARKET SNAPSHOT
8.5.1 SOUTH AMERICAN PERACETIC ACID MARKET, BY APPLICATION
TABLE 92 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2018 (USD MILLION)
TABLE 93 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 94 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 95 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
8.5.2 SOUTH AMERICAN PERACETIC ACID MARKET, BY END-USE INDUSTRY
TABLE 96 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 97 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 98 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 99 SOUTH AMERICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
8.5.3 SOUTH AMERICAN MARKET, BY COUNTRY
TABLE 100 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)
TABLE 101 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2030 (USD MILLION)
TABLE 102 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2018 (KILOTON)
TABLE 103 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2019–2030 (KILOTON)
8.5.3.1 Brazil
8.5.3.1.1 Easy availability of raw materials to boost the market
8.5.3.1.2 COVID-19 impact on Brazil
8.5.3.2 Rest of South America
8.6 MIDDLE EAST & AFRICA
FIGURE 41 MIDDLE EAST & AFRICA: PERACETIC ACID MARKET SNAPSHOT
8.6.1 MIDDLE EAST & AFRICAN PERACETIC ACID MARKET, BY APPLICATION
TABLE 104 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2016–2018 (USD MILLION)
TABLE 105 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2019–2030 (USD MILLION)
TABLE 106 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2016–2018 (KILOTON)
TABLE 107 MIDDLE EAST & AFRICA: MARKET SIZE, BY APPLICATION, 2019–2030 (KILOTON)
8.6.2 MIDDLE EAST & AFRICAN PERACETIC ACID MARKET, BY END-USE INDUSTRY
TABLE 108 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (USD MILLION)
TABLE 110 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2016–2018 (KILOTON)
TABLE 111 MIDDLE EAST & AFRICA: MARKET SIZE, BY END-USE INDUSTRY, 2019–2030 (KILOTON)
8.6.3 MIDDLE EAST & AFRICAN PERACETIC ACID MARKET, BY COUNTRY
TABLE 112 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2016–2018 (USD MILLION)
TABLE 113 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2019–2030 (USD MILLION)
TABLE 114 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2016–2018 (KILOTON)
TABLE 115 MIDDLE EAST & AFRICA: MARKET SIZE, BY COUNTRY, 2019–2030 (KILOTON)
8.6.3.1 Saudi Arabia
8.6.3.1.1 Increasing population and urbanization fueling the growth of the market
8.6.3.1.2 COVID-19 impact on Saudi Arabia
8.6.3.2 UAE
8.6.3.2.1 Increasing focus to develop regulatory mechanism as well as R&D mechanism
8.6.3.2.2 COVID-19 Impact on the UAE
8.6.3.3 Rest of Middle East & Africa
9 COMPETITIVE LANDSCAPE (Page No. - 134)
9.1 OVERVIEW
FIGURE 42 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY BETWEEN 2016 AND 2020
FIGURE 43 MARKET EVALUATION FRAMEWORK
9.2 MARKET SHARE ANALYSIS
FIGURE 44 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2019
9.3 REVENUE ANALYSIS OF TOP 5 PLAYERS OF PERACETIC ACID MARKET
FIGURE 45 PERFORMANCE OF TOP 5 PLAYERS OF PERACETIC ACID MARKET IN 2019
9.4 COMPANY EVALUATION MATRIX, 2019
9.4.1 STAR
9.4.2 EMERGING LEADER
9.4.3 PERVASIVE
9.4.4 PARTICIPANT
FIGURE 46 PERACETIC ACID MARKET: COMPANY EVALUATION MATRIX, 2019
9.5 SME MATRIX, 2019
9.5.1 PROGRESSIVE COMPANIES
9.5.2 RESPONSIVE COMPANIES
9.5.3 DYNAMIC COMPANIES
9.5.4 STARTING BLOCKS
FIGURE 47 PERACETIC ACID MARKET: SME MATRIX, 2019
9.6 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 48 PRODUCT PORTFOLIO ANALYSIS IN PERACETIC ACID MARKET
9.7 BUSINESS STRATEGY EXCELLENCE
FIGURE 49 BUSINESS STRATEGY EXCELLENCE IN PERACETIC ACID MARKET
9.8 COMPETITIVE SCENARIO
9.8.1 NEW PRODUCT DEVELOPMENT
TABLE 116 NEW PRODUCT DEVELOPMENT, 2016–2020
9.8.2 MERGER & ACQUISITION
TABLE 117 MERGER & ACQUISITION, 2016–2020
9.8.3 INVESTMENT & EXPANSION
TABLE 118 INVESTMENT & EXPANSION, 2016–2020
9.8.4 JOINT VENTURE & AGREEMENT
TABLE 119 PARTNERSHIP & AGREEMENT, 2016–2020
10 COMPANY PROFILES (Page No. - 146)
(Business overview, Products offered, Recent Developments, SWOT Analysis, Right to Win)*
10.1 EVONIK INDUSTRIES AG
FIGURE 50 EVONIK: COMPANY SNAPSHOT
FIGURE 51 EVONIK: SWOT ANALYSIS
10.2 SOLVAY SA
FIGURE 52 SOLVAY SA: COMPANY SNAPSHOT
FIGURE 53 SOLVAY SA: SWOT ANALYSIS
10.3 MITSUBISHI GAS CHEMICAL COMPANY
FIGURE 54 MITSUBISHI GAS CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 55 MITSUBISHI GAS CHEMICAL COMPANY: SWOT ANALYSIS
10.4 ECOLAB INC.
FIGURE 56 ECOLAB: COMPANY SNAPSHOT
FIGURE 57 ECOLAB: SWOT ANALYSIS
10.5 ENVIRO TECH CHEMICAL SERVICES
10.6 KEMIRA OYJ
FIGURE 58 KEMIRA OYJ: COMPANY SNAPSHOT
10.7 CHRISTEYNS
10.8 SEITZ GMBH
10.9 JUBILANT LIFE SCIENCES
FIGURE 59 JUBILANT LIFE SCIENCES: COMPANY SNAPSHOT
10.1 SOPURA
10.11 OTHER MARKET PLAYERS
10.11.1 AIREDALE CHEMICALS
10.11.2 ADITYA BIRLA CHEMICALS
10.11.3 STOCKMEIER GROUP
10.11.4 KERSIA DEUTSCHLAND GMBH
10.11.5 MAR COR PURIFICATION
10.11.6 NOVADAN APS
10.11.7 BELINKA PERKEMIJA
10.11.8 QUARON
10.11.9 ACURO ORGANICS LIMITED
10.11.10 NATIONAL PEROXIDE LIMITED
10.11.11 BIOSAFE SYSTEMS
10.11.12 WARWICK CHEMICALS
10.11.13 PROMOX
10.11.14 CHEMTEX SPECIALITY
10.11.15 MARS CHEMICAL CORPORATION
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, Right to Win might not be captured in case of unlisted companies.
11 ADJACENT/RELATED MARKETS (Page No. - 168)
11.1 INTRODUCTION
11.2 LIMITATION
11.3 INDUSTRIAL HYDROGEN PEROXIDE
11.3.1 MARKET DEFINITION
11.3.2 MARKET OVERVIEW
11.3.3 INDUSTRIAL HYDROGEN PEROXIDE MARKET, BY FUNCTION
TABLE 120 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY FUNCTION, 2014–2026 (USD MILLION)
TABLE 121 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY FUNCTION, 2014–2026 (KILOTON)
11.3.3.1 Bleaching
11.3.3.2 Oxidizing
11.3.3.3 Sterilizing/Disinfecting
11.3.3.4 Propulsion
11.3.3.5 Others
11.3.4 INDUSTRIAL HYDROGEN PEROXIDE MARKET, BY END-USE INDUSTRY
TABLE 122 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY END-USE INDUSTRY, 2014–2026 (USD MILLION)
TABLE 123 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY END-USE INDUSTRY, 2014–2026 (KILOTON)
11.3.4.1 Pulp & Paper
11.3.4.1.1 Chemical pulp
11.3.4.1.2 Mechanical pulp
11.3.4.1.3 Recycled pulp
11.3.4.2 Chemical Synthesis
11.3.4.3 Healthcare & Personal Care
11.3.4.3.1 Healthcare
11.3.4.3.2 Personal care
11.3.4.4 Food Processing
11.3.4.5 Textile
11.3.4.6 Water & Wastewater Treatment
11.3.4.7 Electronics & Semiconductor
11.3.4.8 Others
11.3.4.8.1 Mining & Metallurgy
11.3.4.8.2 Transportation
11.3.4.8.3 Recycling
11.3.5 INDUSTRIAL HYDROGEN PEROXIDE MARKET, BY REGION
TABLE 124 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY REGION, 2014–2026 (USD MILLION)
TABLE 125 INDUSTRIAL HYDROGEN PEROXIDE MARKET SIZE, BY REGION, 2014–2026 (KILOTON)
11.3.5.1 APAC
11.3.5.2 North America
11.3.5.3 Europe
11.3.5.4 South America
11.3.5.5 Middle East & Africa
12 APPENDIX (Page No. - 177)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
The study involved four major activities in estimating the current market size of peracetic acid market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both supply-side and demand-side approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.
Secondary Research
In the secondary research process, sources, such as annual reports, press releases, and investor presentations of companies; white papers; publications from recognized websites; and databases, have been referred to for identifying and collecting information. Secondary research has been used to obtain critical information about the supply chain of the industry, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
After the complete market estimation process (which includes calculations for market statistics, market breakdown, market size estimations, market forecast, and data triangulation), extensive primary research has been conducted to gather information and to verify and validate the critical numbers arrived at. Primary research has also been conducted to identify segmentation, industry trends, Porter’s Five Forces analysis, key players, competitive landscape, strategies of key players, and key market dynamics such as drivers, restraints, opportunities, and challenges.
In the primary research process, different primary sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information. The primary sources include industry experts, such as CEOs, vice presidents, marketing directors, technology & innovation directors, and related key executives from various companies and organizations operating in the peracetic acid market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the market size of peracetic acid for various applications in each region. The research methodology used to estimate the market size includes the following steps:
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the submarkets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and sub-segments. The data triangulation and market breakdown procedures have been used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from the demand and supply sides. In addition, the market has been validated using the top-down and bottom-up approaches. Then, it has been verified through primary interviews. Hence, for every data, there are three sources — the top-down approach, the bottom-up approach, and expert interviews. Only when the values arrived at from the three points matched, the data has been assumed to be correct.
Report Objectives
- To define, describe, and forecast the peracetic acid market size in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To forecast the market by application and end-use industry
- To forecast the market size with respect to five main regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
- To strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
- To analyze competitive developments such as investments & expansions, new product developments, partnerships & agreements, and mergers & acquisitions in the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of product portfolio of each company.
Regional Analysis
- Further breakdown of a region with respect to a particular country
Company Information
- Detailed analysis and profiling of additional market players
Growth opportunities and latent adjacency in Peracetic Acid Market