Propelled by higher usage as an oxidizer for the sterilization of equipment across hospitals, water and wastewater disinfection, as well as in pharmaceutical, cosmetic and food sectors, the peracetic acid market is set to experience a significant boom in the imminent years. Of late, numerous industrial hygienists are placing tremendous emphasis on versatile and effective materials that are also environmentally friendly. There has also been a considerable rise in the requirement of concentrates in the healthcare and food verticals.
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In addition to this, what makes peracetic acid so highly favored across the industrial spectrum is that it is devoid of harmful decomposition products, like acetic acid, oxygen, water, hydrogen peroxide. The product, therefore, records substantial usage as a disinfectant during water treatment & healthcare, and as sanitizers across the food industry. Extensive application in pulp & paper bleaching, medical, and agriculture arenas will further accelerate product adoption.
To help transform the development of the peracetic acid industry space, a large number of suppliers and manufacturers are placing targeted efforts on inorganic marketing ventures, including acquisitions, partnerships as well as capacity expansions. Innovations are also helping these players to amplify their revenue sales. For instance, in February 2019, PeroxyChem, commenced operation of its world-largest peracetic acid wastewater disinfection system located in Memphis, Tennessee.
Taking note of these factors, a recent research report has estimated that the global peracetic acid market will cross a valuation of more than USD 1.45 billion by 2027.
Multiple applications of peracetic acid solutions
Increasing adoption of sanitizers for disinfecting the medical supplies and preventing the formation of biofilm in pulp industries will positively impact the peracetic acid industry growth. In solution form, the product can be accessed in various commercial formulations, while it dissolves and forms back acetic acid and hydrogen peroxide.
As the acid is generally used in a 150–200 ppm concentration range, it is considered ideal for application in various food-contact surfaces. It is also effective in eliminating biofilms while working well at colder temperatures. Pluming disinfection, water purification, cleanser for removing bacteria and fungi from fruits and vegetables are other advantages rendered by the acid. The surging demand for ready-to-use sterilant solutions will also add to the market development.
Big booster in the food and beverage industry
The escalating concerns over safety and hygiene within the food industry have triggered the higher need to come up with effective methods for controlling microbial contamination. According to the WHO (World Health Organization), unsafe food annually leads to over 600 million cases of foodborne ailments and 420 000 deaths per year. For reducing the microbial load, vegetables are washed with peracetic acid and some water.
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Given its sanitizing, and disinfect properties while not imparting odors, flavors, colors, to the finished products, peracetic acid is best suited for food contact applications including processed and pre-formed meat, poultry, fish, and seafood. In beverage packaging, it is utilized for disinfecting the pipes, tanks, mixers or fillers, and containers & the closures in dairy products and soft drinks.
To add further, peracetic acid is presently witnessing higher penetration in industrial laundry, paper and the treatment of wastewater. Increasing popularity in the brewing sector along with the emerging trend of aseptic packaging for microbial contamination will assist in the market expansion in the near future.
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