According to the latest market research study by Technavio, the global PAA market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global PAA market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing application segments are discussed below:
Global PAA market for disinfectants: The global PAA market in the disinfectant segment is expected to grow at a faster pace when compared with other application segments during the forecast period. PAA is one of the preferred constituents in the preparation of disinfectants due to its efficacy in eliminating most of the microorganisms. Thus, Technavio expects an expansion in its demand during the forecast period.
“Rising awareness over cleanliness in the developing countries of Central and South America and the Middle East and the growing demand from emerging countries, like India, and Brazil, have fueled the use of disinfectants. The incidence of new infectious diseases has further added to the demand for disinfectants,” says Ajay Adikari, a lead analyst at Technavio for research on specialty chemicals.
Global PAA market for sanitizers: The global PAA market in the sanitizer segment is expected to grow at a constant pace during the forecast period due to the wide use of PAA in the sanitation of industrial processing equipment. The broad spectrum of antimicrobial activity of PAA makes it a preferred sanitizer for application in wineries, breweries, dairy, and food processing plants.
Global PAA market for sterilants: The global PAA market in the sterilant segment is expected to grow at a slow pace compared to other application segments because of the availability of a range of sterilizing methods and the relative advantages they possess over PAA. The use of innovative heat and chemical-resistant materials in the manufacture of surgical equipment is opening the market for alternate sterilizer methods involving X-rays, gamma rays, and dry-heat. Technavio expects significant breakthroughs over the forecast period wherein miniature equipment using these technologies can hit the market.
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The top vendors operating in the global PAA market are:
- Ecolab
- Evonik
- Kemira
- Mitsubishi Gas Chemical Company
- Solvay
The other prominent vendors in the market include Aditya Birla Chemicals, Christeyns, Enviro Tech Chemical Services, Shandong Huatai Interox Chemical, and Sigma-Aldrich.
A more detailed analysis is available in the Technavio market research report titled, ‘Global PAA Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Antiseptic and Disinfectant Products Market 2017-2021
- Global Residential Drinking Water Treatment Equipment Market 2016-2020
- Global Specialty Biocides Market 2016-2020
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