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Dublin, June 03, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/pkbt3v/global_peracetic) has announced the addition of the "Global Peracetic Acid Market 2015-2019" report to their offering.
The global peracetic acid market to grow at a CAGR of 7.52% over the period 2014-2019
Peroxyacetic acid or peracetic acid (PAA) is a colorless liquid that is formed by the reaction of acetic acid with hydrogen peroxide or by the autoxidation of acetaldehyde. The chemical is commercially sold in its distilled form or as a 1-50% solution containing acetic acid, hydrogen peroxide, and water. Peracetic acid is known to be one of the strongest oxidizing agent with a range of applications including disinfection, sanitization, sterilization, and bleaching. The chemical on application generally decomposes into environment-friendly products and does not leave any harmful residue. These versatile properties of the chemical make it the preferred choice of various household and industrial end-users. Also, various new applications as a reagent and potential fuel are being explored, widening the scope of its usage.
Popularity of On-site PAA generation equipment is one of the major trends emerging in the market. On-site PAA generation has immense advantages over the procurement of solution PAA, particularly for medium to large scale PAA consumers. Large food processing companies, municipal water treatment organizations, and pulp and paper manufacturers require significant recurrent quantities of PAA.
According to the report, a robust growth in the global F&B industry, accompanied by the demand for safe and hygienic packaging is one of the major drivers of the market. PAA's role as a disinfectant and a sanitizer has further expanded the scope of its application beyond the F&B industry and into the healthcare sector, where the chemical is used for sterilizing medical equipment.
Further, the report states that volatility in the prices of crude and petrochemical intermediaries such as acetaldehyde, the major raw material in the production of PAA, is one of the major challenges that the market faces. The recent plunge in crude oil prices has not only affected the margins of the petrochemical majors, but has also made them conservative in addition of new capacities.
The report further provides data on the following segments of the market:
Other Prominent Vendors
Key Topics Covered:
For more information visit http://www.researchandmarkets.com/research/pkbt3v/global_peracetic
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