Bizizz Market Research has recently published a research report, “Peroxybenzoic Acid Market By Application (Chemicals Industry, Food and Beverage, Pharmaceuticals Industry, Disinfectants and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Peroxybenzoic Acid Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ XX Bn by 2027, witnessing a CAGR of 5.1 % during the forecast period. Key drivers of the market are increase of new chemical manufacturers and rise in the cases related to infectious diseases.
The Peroxybenzoic acid is an organic compound extracted from benzoic acid and hydrogen peroxide. It is applicable in the manufacturing of epoxides utilized in the production of other chemical compounds. The peroxybenzoic acid is an antimicrobial agent that has a high demand for the production of disinfectants and sanitizers. Currently the prominence peroxybenozoic acid as disinfectants is exhibiting high demand due to wide spread of infectious diseases that are increased in the recent times. The chemical has lucrative opportunities worldwide due to favorable trends in the market. Its usage is high for sanitizing products in order to reduce spread of infectious diseases
The Peroxybenzoic Acid market is anticipated to register a CAGR of over 5.1% during the forecast period.
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By Application, disinfectant segment held a prominent share in Global Peroxybenzoic Acid Market in 2018.
The demand for the Peroxybenzoic Acid is substantially observed in the manufacturing of disinfectants. An increase in the customer’s consciousness regarding disinfectants is propelling the demand of peroxybenzoic acid. By the lucrative opportunities by the presence of presence of numerous chemical manufacturers supports the supply of Peroxybenzoic acid in the global market. Because of the intense spread of infectious diseases globally the demand for disinfectants is high in reducing such spread of diseases had plunged the demand of Peroxybenzoic acid.
Asia Pacific region is Anticipated to Dominate the Global Peroxybenzoic Acid Market during the Forecast Period
The Asia Pacific region is projected to have a high demand for Peroxybenzoic Acid by the presence of various chemical manufacturers. The region is also exhibiting lucurative growth opportunities for the chemical manuacturers because of prevalence of unhygienic conditions that shall substantially contribute to the market of Peroxybenzoic Acid.
Global Peroxybenzoic Acid market was highly fragmented among the number of local and global players. The companies offering chemicals are expanding their market presence through the mergers and acquisitions.
Prominent players operating in the Global Peroxybenzoic Acid Market are: Novaphene, HuangshiTaihua Industry, Emerald Kalama, Sinteza S.A., Chemcrux Enterprises Ltd, Wuhan Youji Industries, Fushimi, San Fu, Shri Hari Chemicals, Huayin Jinqiancheng, and Nantong Haiers., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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