London, 12 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global PAA Market 2015-2019, which is expected to post a CAGR of 7.52% in terms of revenue and 12.05% in terms of volume during the forecast period of 2014-2019.
A significant increase in the demand for PAA in China and India as a result of rapid economic and industrial development is expected to alter the global supply-demand scenario. New peroxide production capacities are expected to rise in China and the Middle East on account of cheaper feedstock and robust demand in APAC. Also, further major technological advances in the production of PAA and the evaluation of various new uses for the chemical in aerospace and mining applications, primarily on account of increasing R&D expenditure is likely to happen.
“PAA is used for disinfection of equipment and sanitization of establishments in dairies, wineries, meat, and poultry processing industries,” says Faisal Ghaus, Vice President of Technavio.
“The concept of ‘going organic ‘ involves usage of bio-friendly chemicals. PAA is poised well for these applications due to the fact that is does not leave any harmful residue.”
Key Market Drivers
- Increase in Demand for Disinfectants
- Growing Demand for Wastewater Treatment Solutions
- Strict Regulations on Usage of Chlorine-based Chemicals
- Downtrend in Crude Oil Prices
- Increased Demand for Propylene Oxide
Key Market Trends
- Availability of Reagents
- Popularity of On-site PAA Generation Equipment
- Growth in Demand from F&B Processing Industry
- Evaluation of Alternate Uses of PAA
- Strict Regulatory Regimes in Developing Countries
Key Market Vendors
- Aditya Birla Chemicals
- Arkema
- Ecolab
- Evonik
- Kemira
- PeroxyChem
- Solvay
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
