Peracetic Acid Market Expansion In Size Owing To Latest Trends, And Factors During The Forecast PeriodPosted by Sona Kulkarni on December 11th, 2023 The global peracetic acid market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. The effectiveness of peracetic acid as a biocide and versatility of its usage are expected to drive the industry growth. Peracetic acid is a colorless liquid having strong oxidizing properties. Food & beverages industry faces various issues due to microbial contamination. It is effective in curbing this activity thus finding widespread applications in the industry. Food & beverage industry has witnessed a positive growth in the recent past, and this trend is expected to continue over the forecast period thus benefitting the market demand. Peracetic acid, unlike chlorine and sodium hypochlorite, does not degrade into environmentally harmful by-products. Also, it possesses more oxidizing potential than other disinfectants. Growing awareness regarding ill effects of chlorine in water treatment has also prompted the use of peracetic acid. Various government agencies have approved peracetic acid for direct contact usage in food & beverages applications. Also, environmental regulations are also expected to favor the market growth. Companies have been focusing more on high growth markets such as Asia Pacific to establish manufacturing units in the region to increase their presence. To request a sample copy or view summary of this report, click the link below: Further key findings from the report suggest:
Access Press Release@ https://www.grandviewresearch.com/press-release/global-peracetic-acid-market Grand View Research has segmented the peracetic acid market on the basis of applicationand region: Peracetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Peracetic Acid Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
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