Chemical Industry Updates

  Peracetic acid is an organic peroxide compound with strong bactericidal and sporicidal properties. It is used as a biocide and sanitizer in food processing, healthcare, and water treatment. Peracetic acid can easily kill microorganisms that cause illnesses and foodborne diseases. With its low toxicity and fast decomposition into non-toxic by-products, peracetic acid has gained significant popularity as an alternative to chlorine for disinfection applications. The global peracetic acid market is estimated to be valued at US$ 872.06 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key drivers propelling the peracetic acid market growth is the increasing demand from the water treatment industry. Peracetic acid is widely used for disinfecting municipal and industrial wastewater as well as treated drinking water. It helps remove microbial contam

  Peracetic acid is an effective sterilizing and bleaching agent with wide applications in food processing, healthcare, water treatment and other industries. It is known for its strong bleaching and antimicrobial properties while being more environment-friendly than chlorine-based disinfectants. Growing demand from food processing, healthcare, agricultural and other segments is driving increased production of peracetic acid. The global Peracetic Acid Market is estimated to be valued at US$ 872.6 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growth of the peracetic acid market is majorly driven by its increasing use for disinfection of food industry equipment, hospital equipment and treating industrial wastewater. It is becoming a popular sanitizer and disinfectant owing to its effectiveness and environmental friendliness as compared to chlorine.