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.
Geographically, the industry is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Europe is predicted to lead the market in the years to come owing to the growing demand. The key players in peracetic acid industry are Peroxychem, Evonik Industries, Kemira Chemicals, Seitz GMBH, Aditya Birla Chemicals, Ecolab, Solvay Chemicals, Mitsubishi Gas Chemicals, Enviro Tech Chemical Services, Christeyns, Promox S.P.A., and Helios Group among others.
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The global Functional Ingredients Market size is expected to value at USD 96.1 billion by 2026.
The market is subject to witness a substantial growth due to the rising health consciousness along with the growing need for healthy and comfort foods.
Functional ingredients are commonly termed as natural ingredients that consists of energy boosters, health enriching elements, and disease averting characteristics.Such advantages of functional ingredients are generating massive demand in food and beverage industry, thus boosting growth of the industry in coming years.
Other factors responsible for driving growth of the functional ingredients industry are increasing personal expenditure, rise in urbanization and preference for fortified convenience foods with high nutritional content.
Shifting focus towards food products with high nutritional content by younger population in their regular diet routine is propelling growth the market over the forecast period.
Functional ingredients are proved to be vital for the treatment of obesity management.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/functional-ingredients-market/request-sampleApplications of the functional ingredients further extends to pharmaceutical sector as a coating material due to properties such as lower viscosity, large solid content, and higher water solubility.
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