Global Peracetic Acid Market Was Valued 394 Million USD In 2017
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In terms of revenue, the Global peracetic acid market was valued 394 million USD in 2017, and is estimated to be worth 523 million USD by 2024. In terms of volume, the sale of peracetic acid was about 167472 MT in 2017. And it is anticipated to reach 242292 MT by 2024. The peracetic acid market is anticipated to grow at a CAGR of 5.48% from 2018 to 2024.
Solvay is the dominate producer of peracetic acid, the sales was 46332 MT in 2017, accounting for about 27.95% of the total amount, followed by Evonik with the consumption market share of 20.45%. Solvay has the highest sales growth rate of 5.18% from 2013 to 2018.
Leading region in peracetic acid industry is Europe and is the largest consumption region, with the sales market share of 49.58% in 2017. The top three companies occupied about 57.36% consumption share of the market in 2017.
Actually., demand for food & beverages were the highest in 2017, and this trend is expected to continue over the forecast period. Key applications of peracetic acid are food & beverages and water treatment. PAA finds widespread applications in water treatment. It does not decompose into environmentally harmful by products thus is being favored by government agencies such as EPA