Peracetic Acid Market – How Top Companies are Strengthening Its Business during the COVID-19 Pandemic
Peracetic Acid Market Market Overview The Global Peracetic Acid Market is projected to register a healthy CAGR of over 8% during the review period. The prime factor driving the growth of the global peracetic acid market is the extensive use of the product in the food & beverage industry as a sanitizer, disinfectant, sterilant, and bleaching agent. Market Segmentation The global peracetic acid market has been segmented based on application, end-use industry, and region. Peracetic acid finds application in sanitizer, disinfectant, sterilant, bleaching agent, oxidizer, biocide, polymerization catalyst, and others Among various applications, the sterilant segment is expected to be the fastest-growing segment due to the increasing adoption of peracetic acid as a sterilization agent in the food & beverage industry. The growth of the segment is attributed to the advantages offered by peracetic acid as a sterilant such as water solubility, no residue after rinsin...