Peracetic Acid Market Size, Share, Trends, Growth 2032

Peracetic Acid Market: Industry Perspective

The global peracetic acid market size was worth around USD 929 million in 2023 and is predicted to grow to around USD 1,935.90 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.50% between 2024 and 2032.

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The study covers the key drivers and restraints of the peracetic acid market. It also provides the market impact within the forecast period. Furthermore, the study also includes the opportunities accessible within the peracetic acid market on a global level.

Peracetic Acid Market: Growth Drivers

Peracetic acid is also known as peroxyacetic acid or PAA. Peracetic acid is a liquid organic compound that possesses acrid odor of acetic acid and can be extremely corrosive. It is a mixture of hydrogen peroxide and acetic acid in water solution, which is widely used in the food industry as a cleaner and disinfectant. Peracetic acid is a versatile and environmentally safe anti-microbial agent and powerful antioxidant.

The peracetic acid market is likely to grow at a fast rate in the years ahead, owing to the increasing demand for an anti-microbial agent in the food processing and beverage industry. Due to the strong oxidizing properties of peracetic acid, it is extensively used in the pulp and paper industry. This, in turn, is projected to drive the peracetic acid market globally in the future. In addition, it is also used as a biocide in the agricultural and horticultural industries. However, peracetic acid has some side effects, such as eye and skin irritation, asthma, and lung damage. The escalating demand for peracetic acid by the water treatment industry is anticipated to propel this market’s growth in the future.

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In order to offer the users of this report, a comprehensive view of the peracetic acid market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the peracetic acid market has additionally been enclosed within the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study also includes the market share of the key participants operating in the peracetic acid market globally. Besides, the report covered strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, joint ventures, and regional growth of key players within the market on a regional basis.

Peracetic Acid Market: Segmentation

The study provides a crucial view of the peracetic acid market by segmenting the market based on type, application, and region.

By type, the market includes disinfectant, sterilant, sanitizer, and others. In 2017, disinfectants held the largest share of the global peracetic acid market. The increasing use of peracetic acid-based disinfectants in several industries is projected to drive the disinfectants’ dominance over the forecast time period as well. By application, this market is segmented into healthcare, water treatment, food industry, pulp and paper, and others. Water treatment is likely to dominate the market in the future, due to stringent government regulations for safeguarding marine life.

Peracetic Acid Market : Report Scope

Peracetic Acid Market: Regional Analysis

Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Geographically, the peracetic acid market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is projected to grow at the fastest rate in the upcoming period, owing to high product demand by various end-user sectors, such as food, water treatment, and healthcare. China holds the largest market share in this regional market. The European peracetic acid market is primarily driven by the region’s thriving healthcare sector. Latin America is expected to grow significantly in the years ahead, owing to the rising awareness about the hygienic environment.

Peracetic Acid Market: Competitive Analysis

The global peracetic acid market is dominated by players like:

• Solvay Chemicals
• Loeffler Chemical Corporation
• Mitsubishi Motors Corporation
• Hydrite Chemical Company
• Evonik Industries AG
• PeroxyChem LLC
• Airedale Chemical Company Ltd
• Kemira Chemicals, Ecolab Inc
• SEITZ
• Enviro Tech Chemical Services, Inc
• Aditya Birla Chemicals

The report segments the global peracetic acid market into:

Global Peracetic Acid Market: Type Analysis

• Disinfectant
• Sterilant
• Sanitizer
• Others

Global Peracetic Acid Market: Application Analysis

• Healthcare
• Water Treatment
• Food Industry
• Pulp and Paper
• Others

Global Peracetic Acid Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa