Airedale Chemical is riding high on the crest of a chemical boom with one of its most strategically key products showing consistent sales growth.
The specialist chemical company is feeling the benefits of currently being the only British-based manufacturer of peracetic acid (PAA) as escalating demand throughout Europe fuels its meteoric rise despite Brexit-related uncertainties hovering over the UK manufacturing industry.
The European PAA market, with a consumption currently of 70,000 tonnes, is set to grow globally to £798 million and £260 million in Europe by 2027.
Airedale Chemical’s own sales figures reflect this surge in demand with volume of PAA output increasing by 50% in the last three years.
Airedale Chemical managing director, Chris Chadwick, comments: “The peracetic acid market has been accelerating for the last decade and shows no signs of slowing down in the near future. We have long since identified this product as holding massive growth potential so we tirelessly pursued ECHA (European Chemicals Agency) approval to continue manufacturing and have even invested in storage and transportation facilities.
“It’s such a versatile product there’s little wonder it is boosting sales figures across Europe and as the GDP of EU countries continues to grow so will the demand for industrial products such as PAA.”
The most common use of PAA is as a disinfectant with this end use predicted to grow from around £55 million currently to £78 million by 2018, but it is also developing rapidly in its roles as a steriliser and an oxidant.
Airedale Chemical’s biggest direct market sector, other than supplying its strategic partners, is the dairy and farming industry where it is used in the disinfection of parlours, circulation cleaning and in the sanitisation of livestock holding areas and transportation vehicles accounting for almost one third of its customer base.
Across Europe the food and beverage industry leads market share with a £63 million cut, whereas Airedale Chemical’s strength lies in industrial cleaning applications which account for 16% of its peracetic acid sales.
Within Europe, Germany is one of the biggest consumers of peracetic acid and a key country for Airedale Chemical’s growth strategy.
Chris Chadwick adds: “The Government’s recent ten-point plan to grow UK industry is a great start and we hope this focus on manufacturing along with our own growth strategy will boost the company even further and we will continue to enjoy rocketing sales figures for peracetic acid as well as our other industrial products.”