PERACETIC ACID MARKET ON TRACK FOR REMARKABLE GROWTH BY 2030

 

PERACETIC ACID MARKET ON TRACK FOR REMARKABLE GROWTH BY 2030 | SOLVAY S.A., ECOLAB INC., EVONIK INDUSTRIES AG

The latest report by Congruence Market Insights, titled 'Global Peracetic Acid Market – Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2023 – 2030', provides a thorough analysis of the global peracetic acid market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors on the market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving peracetic acid industry.

 

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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

According to the in-depth market study, the global peracetic acid market is anticipated to reach a value of USD 1,705.0 Million by 2030, expanding at a CAGR of 7.5% between 2023 and 2030. The market is driven by increasing awareness about hygiene and sanitation in various industries, with applications in water treatment, food processing, and healthcare. The demand for environmentally friendly disinfectants and sterilizers, coupled with stringent regulations on chemical usage, presents opportunities for growth. Challenges include the need for continuous innovation in formulations and addressing regulatory compliance.

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Scope of the Report: 

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► Technological Innovations Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles 

Peracetic Acid Market Size and Forecast:

The report will comprehensively detail the peracetic acid market size and forecast (2023-2030), presenting key metrics for strategic insights. Market revenue will be analyzed, quantifying total income from product sales, and insights into application circulation will be provided. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period. 

Which region holds the largest market share, and where does the major opportunity lie in the future?

Asia Pacific dominates the Peracetic Acid market due to robust industrial and agricultural sectors, stringent water treatment regulations, and a focus on food safety. Countries such as China and India contribute significantly to the region's leading market share. The major future opportunity lies in the healthcare and pharmaceutical sectors, driven by increased demand for effective disinfection and sterilization solutions. Peracetic acid's broad-spectrum antimicrobial properties position it favorably for medical equipment sterilization, surface disinfection, and water treatment applications, presenting significant growth prospects in these industries globally.

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