Global Peracetic Acid Market is expected to grow considerably in the years to come owing to the increase in demand from food and beverage industry majorly. Peracetic acid, also known as Peroxyacetic acid (PAA) is a powerful oxidizing sanitizer. It reacts with several metals and other contact bases like aluminum, tin-plated iron, and stainless steel but galvanized iron, plain steel, copper, bronze, and brass, are prone to corrosion and reaction.
Growing
applications of peracetic acid in several industries like food and beverage are
the major drivers of peracetic acid market. Peracetic acid initially gained
popularity from the United States (FDA) Food and Drug Administration as safe
chemical and antimicrobial for food preservation. This introduced numerous
other application of peracetic acid as microbial disinfectants and food
preservatives in the recent years.
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The
acid is extensively used in food industry as preservative for poultry,
fisheries and meat items. Additionally, increase in the demand of peracetic
acid in several beverages processing is also influencing the growth of
peracetic acid industry. However, the conventional applications of the acid in
healthcare, personal care, and industrial cleaning disinfectants is growing,
which ultimately drives peracetic acid market.
Developments
in manufacturing technology, innovative techniques for using peracetic acid in
wide applications and growing acceptance of bio-based chemicals is expected to
introduce new opportunities in peracetic market in the years to come.
Conversely, direct exposure of peracetic acid can cause allergy, burns and
other hazardous infection to eyes, skin and respiratory organs. If the acid is
consumed in high concentrations, the effects could be more dangerous.
Altogether, peracetic acid is restricting its approval in household
applications, which hampers the growth of peracetic market.
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Developments
and advancements in chemical products has resulted the horticulture industries
to turn more cautious for checking microbial safety, which has promoted the
application of peracetic acid in agriculture. With the use of concentrated
peracetic acid, the overall price can be brought down for application in pulp
and paper segment. However, the health hazards related to incessant exposure to
product can obstruct the growth of the market.
Peracetic
acid industry is categorized on the basis of product, application, and
geography. On the basis of product, the industry is divided into solution grade
and distilled grade. Sulfuric acid is commonly used due to which it is
predicted to lead peracetic acid market in the years to come.
On
the basis of application, peracetic acid industry is split into sterilant,
disinfectants, sanitizer and others. Disinfectants segment is expected to
register significant growth in future since it is widely used in industries
like food and beverage, water treatment, healthcare, pulp and paper. This is
followed by sterilant and sanitizer industry.
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