Kemira Oyj, Mitsubishi Gas Chemical Company Inc, Solvay SA, Enviro Tech Chemical Services Inc, Jubilant Life Sciences Limited, and Evonik Industries AG, among others, are the major players in the global peracetic acid market.
The global peracetic acid market is expected to grow at a CAGR of about 7.8% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing awareness among consumers about hygiene.
The increasing use of the product in the healthcare sector is predicted to contribute significantly to the industry's growth. Other important drivers, such as the growing preference for bio-based chemicals, the development of innovative techniques for using peracetic acid in a wide range of products, and developments in manufacturing technology, are expected to create new opportunities for the industry to grow. Furthermore, the recent spike in demand for disinfectants, sanitisers, and sterilants as a result of the COVID-19 pandemic is expected to help the peracetic acid industry grow even faster.
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Because of the effectiveness of peracetic acid in microbial contamination and the invention of application-based products, the food and beverage division accounted for a considerable industry share in 2020. Peracetic acid is a common preservative used in meat, poultry, and fisheries products. Meanwhile, the industry's expansion is predicted to be fuelled by the product's expanding uses in the water treatment sector over the forecast period. Europe dominates the global peracetic acid market, with a considerable share of the market in 2020. The regional market is growing due to increasing demand from end-use industries. Meanwhile, due to strong demand from the region's food and beverage industry, Asia Pacific is expected to grow significantly over the forecast period.
Headquarters: Helsinki, Finland
Kemira Oyj is a global chemical firm that serves customers in water-intensive industries. Pulp and paper industry and water sector are the two main segments of Kemira. It has research centres in Shanghai, Atlanta, and Espoo. Kemira's water chemicals are used to manufacture drinking water and purify and reuse industrial process water. The company specialises in energy and raw material efficiency, process chemicals, gas and metals recovery, raw water treatment, and industrial and municipal wastewater treatment, among others.
Headquarters: Chiyoda-ku, Tokyo, Japan
Mitsubishi Gas Chemical Company, Inc. is a chemical company based in Japan. The company has five business divisions. Methanol, amine products, ammonia, methacrylic acid products, multiple alcohol, enzyme, and crude are all manufactured and sold by the natural gas-related chemicals division. Xylene isomer and xylene derivatives are manufactured and sold by the aromatic-related chemicals division. The industrial inorganic chemicals, electronic chemicals, and engineering plastics segment produces and sells industrial inorganic chemicals, electronic chemicals, and engineering plastics. Materials for printed circuit boards (PCBs) and deacidification agents are manufactured and sold by the specialty functional materials segment. The other segment works in the real estate industry.
Headquarters: Brussels, Belgium
Solvay is a global chemical company. Solvay's businesses are aligned in 3 segments: Materials, Chemicals, and Solutions. Solvay employs more than 23,000 people in 64 countries across 110 sites. As a global leader in materials, chemicals, and solutions, Solvay solves critical industrial, social, and environmental challenges with advances in planes, vehicles, batteries, smart and medical devices, water and air treatment, among others. In 2020, Solvay had net sales of about EUR 8.9 billion.
Headquarters: Modesto, California, United States
Enviro Tech Chemical Services is a global leader in the production of peracetic acid and stabilised bromine products. Enviro Tech has manufacturing facilities on both the east and west coasts, allowing it to quickly ship products anywhere in the United States and worldwide. Sanitisers and biocides, approved by EPA and FDA, are offered by Enviro Tech for use in various applications, including meat and poultry processing, fruit and vegetable processing, agriculture, wastewater treatment, industrial water treatment, and oil and gas production.
Headquarters: Essen, Germany
Evonik is a leading speciality chemicals company in the world. The company has over 32,000 employees spread across more than a hundred locations. The company makes aircrafts greener, electric car batteries perform better, 3D printers more efficient, and medications more effective. The company specialises in animal nutrition, speciality chemicals, cosmetic solutions, membranes, resource efficiency, and high-performance polymers, among others.
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