Peracetic Acid Market – Global Industry Analysis and Forecast (2023-2029)

The Peracetic Acid Market was valued at US $ 939.32 Mn. in 2022. Global Peracetic Acid Market size is estimated to grow at a CAGR of 9.1%.
Peracetic Acid Market Overview:
Peracetic Acid, also known as peroxyacetic acid is an organic compound with a chemical formula of CH3CO3H. Peracetic acid is a colourless liquid with a strong odour similar to acetic acid, which is soluble in water with a solubility of 1000 g/L at 200 C and also soluble in ether, sulfuric acid, and ethanol. It is a highly biocidal oxidizer, which maintains its effectiveness in the presence of organic soil. The concentrated peracetic acid is diluted to 0.2% in the presence of filtered water (0.2 mm) at a temperature of 500 C. When it is heated decomposition, with diluted 60% acetic acid, it emits acid smoke and irritating fumes.

Peracetic acid generally is used as an antimicrobial and antioxidant in several industrial and household processes, such as food processing, agricultural processes, medical facilities, laboratories, dairy processing plants, and food and beverage plants.To know about the Research Methodology :- Request Free Sample Report
Peracetic Acid Market Dynamics:
The Peracetic Acid market is showing a continuous northward direction growth, thanks to the growing use of peracetic acid as an antimicrobial agent in the food and beverage industry across the globe. It is widely used to preserve food for a longer duration in the food and beverage industry. In addition, rapid population growth and changing lifestyles along with eating habits of people across the globe are boosting the demand for packing food, which in turn, is expected to fuel the peracetic acid market growth during the forecast period.

Peracetic acid offers huge performance benefits as compared to other biocides, as a result, it is widely used in the biocide industry across the globe. The highly beneficial features such as long shelf life, optimum performance, safe by-products, and slow thermal degradation of peracetic acid, are attracting the end-users to use this product in several applications. In addition, growing product awareness among consumers and increasing uses of products in various applications are driving the peracetic acid market growth during the forecast period.

The growing use of Peracetic acid in the agriculture sector as it helps in preventing and controlling bacterial and fungal growth in the soil and on crops is fueling the product demand across the globe. Peracetic acid acts as an antioxidant, which removes chlorine and concentrated residues from the water. As a result, increasing adoption of peracetic acid in water treatment solutions, along with growing demand for potable water across the globe are expected to uplift the market growth during the forecast period.

However, a lack of awareness about products among consumers is expected to hamper the market growth during the forecast period. In addition, the cost of peracetic acid is relatively higher than its substitutes, such as hydrogen peroxide, chlorine, sodium hypochlorite, and calcium hypochlorite, which is expected to reduce the use of products among the end-users.

Food & Beverage Industry Revenue Share Forecast (in Million):
Peracetic Acid Market Segment Analysis:
Based on the End-Use, the Peracetic Acid Market is segmented into Disinfectant, Sterilant, Sanitizer, and Others. The Disinfectant segment held the largest market share, accounting for 37% in 2022. Peracetic acid protects food from bacteria and germs. Peracetic acid solutions permit more than 95% faster disinfections as compared to traditional are solutions. As a result, they are widely used in high purity water treatment processes for medical device manufacturing, poultry processing plants, and food processing services. For instance, according to the China Food Industry (CFI), more than 1500 tonnes of fresh and packaged food along with 1.8 million bottles of disinfectant solution were sold in 2022. The growing demand for disinfection in various end-use industries is expected to raise the demand for peracetic acid across the globe for this segment.

Based on the Application, the Peracetic Acid Market is segmented into Healthcare, Water Treatment, Food & Beverage, Pulp and paper, and others. The Food & Beverage segment held the largest market share, accounting for 31% in 2022. Peracetic acid acts as an antimicrobial agent and offers great benefits along with environment-friendly characteristics. As a result, it is widely used in the food & beverage industry across the globe. Food packaging is sterilized with peracetic acid solutions to protect beverages during the production process. The Increased application of peracetic acid in the food & beverage industry is expected to drive the market growth for this segment.
Peracetic Acid Market Regional Insights:
Asia Pacific region held the largest market share accounted for 39% in 2022. The region's growth is attributed to the growing use of peracetic acid in various applications such as healthcare, water treatment, food & beverage, and pulp and paper industry in the region. The North America region is expected to witness significant growth at a CAGR of 8.3% during the forecast period. Growing public health expenditure in the region is expected to fuel the product demand during the forecast period. Healthcare investment in North America was valued at the US $ 3.7 trillion in 2022, accounting for 16.8% of the region's GDP. As a result, the growing healthcare sector is expected to drive the peracetic acid market growth during the forecast period.

The objective of the report is to present a comprehensive analysis of the Peracetic Acid Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Peracetic Acid Market dynamic, structure by analyzing the market segments and projecting the Peracetic Acid Market size. Clear representation of competitive analysis of key players by End-Use, price, financial position, product portfolio, growth strategies, and regional presence in the Peracetic Acid Market make the report investor’s guide.
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Global Peracetic Acid Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 939.32 Mn.


Forecast Period 2023 to 2029 CAGR:
9.1%
Market Size in 2029:
US $ 1728.16 Mn.


 Segments Covered:
by End-Use
Disinfectant
Sterilant
Sanitizer
Others


by Application
Healthcare
Water treatment
Food & Beverage
Pulp and paper
Others



Global Peracetic Acid Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Peracetic Acid Market, Key Players
1. Ecolab Inc.
2. Mitsubishi Gas Chemical Company Inc.
3. Diversey Inc.
4. Kemira Oyj
5. Evonik Industries
6. Acuro Organics Ltd.
7. Thai Peroxide Ltd.
8. PeroxyChem LLC
9. Solvay S.A.
10.Enviro Tech Chemical Services Inc.
11.Loeffler Chemical Corporation
12.Hydrite Chemical Co.
13.Airedale Chemical Company Ltd
14.Aditya Birla Chemicals
15.Helios Group
16.Christeyns
17.Promox S.P.A
18.SEITZ GmBH
19.Jubilant Life Sciences
20.Sopura
21.FMC Corporation
22.Hydrite Chemical Company

Frequently Asked Questions:

1] What segments are covered in the Market report?
Ans. The segments covered in the Peracetic Acid Market report are based on End-Use and Application.

2] Which region is expected to hold the highest share in the Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Peracetic Acid Market.

3] What is the market size of the Market by 2029?
Ans. The market size of the Market is expected to grow US $ 1728.16 Mn. by 2029

4] What is the forecast period for the Peracetic Acid Market?
Ans. The Forecast period for the Market is 2023-2029.

5] What was the market size of the Peracetic Acid Market in 2022?
Ans. The market size of the Peracetic Acid Market in 2022 was US $ 1728.16 Mn.