According to the latest research, the demand of Performic Acid (PFA) is anticipated to grow with a significant growth rate of about 6% to 7% in between the coming assessment period of 2021-2031.
Performic acid is an organic compound with the chemical formula HCOOH. It is a colourless liquid that is miscible with water and ethanol. The main application of performic acid is as a disinfectant, mainly in food industry. It is also used as a bleaching agent for wood pulp, cotton, and textiles. Other applications include leather tanning, metalworking, and pesticide manufacturing. The growth of the Performic Acid market can be attributed to the increasing demand from food processing industry coupled with the stringent regulatory scenario governing food safety across the globe. However, volatility in raw material prices may hamper the growth of this market over the forecast period.
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Europe Demand Outlook for Performic Acid
Owing to the significant growth in the food and chemical industries in various countries of Europe such as Germany, France, Italy, and others, the demand has been boosted for this product in this region. It is in significant demand in the region in industries such as chemical processing and food and beverage.
In Europe, physical water treatment and novel methods like UV disinfection and membrane filtration are gaining traction as chemical alternatives. It is primarily used in Europe for the clarification, disinfection, and purification of brackish water and wastewater.
Some of the leading manufacturers and suppliers include
- Hangzhou Dayangchem Co.Limited
- Sagachem ltd
- Parchem
- Akos consulting and solution
- Henan Bon industrial co. ltd.
- Evonik Industries etc.
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Key Segments
By Application
- Disinfectant
- Sterilizer
- Sterilant
- Others
By End-Use
- Food industry
- Medical industry
- Water treatment
- Paper and Pulp
- Others
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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Key Stakeholders
Performic Acid Market Manufacturers
Performic Acid Market Distributors/Traders/Wholesalers
Performic Acid Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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