QYR: The United States peracetic acid market is estimated to be worth 191.6 million USD by 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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QYResearch Peracetic acid (also known as peroxyacetic acid, or PAA), is an organic compound. It is a clear colorless liquid with a characteristic pungent odor reminiscent of household vinegar. All commercially available PAA products contain equilibrium of PAA, hydrogen peroxide, acetic acid, and water. Its formula is CH3CO3H.
QYR According to QYResearch, In terms of revenue, the United States peracetic acid market was valued 164.56 million USD in 2016, and is estimated to be worth 191.6 million USD by 2023. In terms of volume, the sale of peracetic acid was about 56616 MT in 2016. And it is anticipated to reach 78621 MT by 2023. The peracetic acid market is anticipated to grow at a CAGR of 5.04% from 2018 to 2023. PeroxyChem is the dominate producer of peracetic acid, the sales was 13841 MT in 2016, accounting for about 41.42 million USD of the total amount, followed by Solvay with the consumption market share of 17.84%. Solvay has the highest sales growth rate of 6.19% from 2012 to 2017. Leading players in peracetic acid industry are PeroxyChem and is the largest manufacturer, with the sales market share of 24.45% in 2016. The top three companies occupied about 54.83% consumption share of the market in 2016. In the U.S., demand for food & beverages were the highest in 2016, and this trend is expected to continue over the forecast period. Key applications of peracetic acid are food & beverages and water treatment. PAA finds widespread applications in water treatment. It does not decompose into environmentally harmful by products thus is being favored by government agencies such as EPA.
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