Sellbyville, DE -- (SBWIRE) -- 01/21/2019 -- The increasing use of peracetic acid as a cleanser, disinfectant, antimicrobial, and sanitizer has been stimulating peracetic acid market share. End-use sectors such as f&b, bottling, and meat & poultry processing have been extensively using peracetic acid for disinfecting foodstuffs. In addition, for removing bacteria and fungi from fruits and vegetables, cleansing textile fabrics, processing papers, and treating wastewater, peracetic acid has been preferred on a large scale.

The distilled grade product is obtained from the solution grade by processing. The product does not need inventory and can be produced on site as well. Demand for the product in specific applications is said to support the distilled grade peracetic acid market demand in the coming days. The U.S. distilled grade peracetic acid market is said to surpass USD 40 million by the end of 2025.

Peracetic acid Market is poised to exceed USD 880 million by 2024 according to this new research report. Robust growth in the food & beverage industry which is attributed to rising food demand coupled with consistently increasing global population will drive peracetic acid market by 2024.

Widespread product application in the food & beverage industry is since it exhibits excellent sterilization properties which helps in keeping food products free from bacteria, fungi, virus and other microorganisms. The food & beverage industry is propelling and accounted for over 30% of the total peracetic acid market in 2016. Increasing stringent regulations towards contamination free food will subsequently led to rising peracetic acid demand over the projected timeframe.

Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1524

Solution grade product finds application in various end-user industries. The concentration levels of the product relatively changes its applications in various stages. For instance, about 5% peracetic acid is used as an anti-microbial for non-porous and hard food contact surfaces such as breweries plants, wineries plants, meat & poultry processing packaging, seafood processing and packaging, milk and dairy products processing and packaging, etc. The global solution grade peracetic acid market is said to surpass USD 550 million by the end of 2025.

Rapid industrialization in the emerging economies has given rise to water pollution which has encouraged water treatment facility in the industry. Strict regulations imposed by environment regulatory authorities against rising water pollution to help attain sustainability will boost water treatment facility across the globe. This will subsequently drive peracetic acid market during the forecast period.

Mounting product application in the agriculture industry to enhance crop life after harvesting will propel product demand by 2024. It is green, sustainable and less toxic compared to its existing counterparts which will boost peracetic acid market in the coming years. In addition, it does not degrade soil structure and do not have hazardous impact on marine organisms unlike other disinfectants available in the market which will further stimulate peracetic acid market by 2024.

Prolonged product use may cause eye, skin and nasal irritation which is likely to impede peracetic acid market during the forecast period. In addition, regulatory authorities of U.S. have released guidelines against product use to ensure safety which is likely to hamper peracetic acid market by 2024.

The overall peracetic acid market share is divided into solution grade and distilled grade. Solution grade constituted a major chunk of the total peracetic acid market share in 2016. This is attributed to its brilliant characteristics which finds widespread application across various end-user industries including food & beverage, pulp & paper, water treatment, medical and agriculture which will subsequently drive peracetic acid market by 2024.

Substantial growth indicators in the pulp & paper industry is expected to drive product demand in the coming years. It is used to lessen the sludge formation which in turn also reduces the overall production cost in the pulp & paper industry which will ultimately help attain higher gains in the peracetic acid market over the projected timespan.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1524

Increasing product applications including sterilization of tubes, syringes, plastic implants and other medical equipment in the medical industry will stimulate the overall peracetic acid market by 2024. The medical segment market revenue in Europe is propelling and is anticipated to reach over USD 36 million by 2024. This is due to stringent regulations imposed in the healthcare segment to encourage contamination free treatments.

Asia Pacific constituted a major chunk of the overall peracetic market in 2016. Growing population and rapid industrialization has led to strong growth indicators in the food & beverage, agriculture and medical industry which will subsequently boost peracetic acid market owing to broad application base in the aforementioned businesses in the region.

The global peracetic acid industry is immensely consolidated due to presence of the large manufacturers which accounted for almost 95% of the total industry share in 2016. Key peracetic acid market share players are Ecolab, Mitsubishi Gas, Diversey, Kemira, Evonik, Thai Peroxide, PeroxyChem, Solvay and Acuro Organics.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.