Peracetic Acid Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by End-Use, Application, and Region.

The Peracetic Acid Market was valued at US $ 789.2 Mn. in 2020. 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. Peracetic Acid Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global 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. Peracetic Acid Market Food & Beverage Industry Revenue Share Forecast (in Million):

Global 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 2020. 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 2020. 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. Peracetic Acid Market 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 2020. 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.

Global Peracetic Acid Market Regional Insights:

Asia Pacific region held the largest market share accounted for 39% in 2020. 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 2020, 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.

Global Peracetic Acid Market Scope: Inquiry Before Buying

Global Peracetic Acid Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 789.2 Mn.
Forecast Period 2021 to 2027 CAGR: 9.1% Market Size in 2027: US $ 1451.9 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 • Europe • Asia Pacific • South America • The Middle East and Africa

Global Peracetic Acid Market Key Players

• Ecolab Inc. • Mitsubishi Gas Chemical Company Inc. • Diversey Inc. • Kemira Oyj • Evonik Industries • Acuro Organics Ltd. • Thai Peroxide Ltd. • PeroxyChem LLC • Solvay S.A. • Enviro Tech Chemical Services Inc. • Loeffler Chemical Corporation • Hydrite Chemical Co. • Airedale Chemical Company Ltd • Aditya Birla Chemicals • Helios Group • Christeyns • Promox S.P.A • SEITZ GmBH • Jubilant Life Sciences • Sopura • FMC Corporation • Hydrite Chemical Company Frequently Asked Questions: 1] What segments are covered in the Peracetic Acid 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 Peracetic Acid 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 Peracetic Acid Market by 2027? Ans. The market size of the Peracetic Acid Market is expected to grow US $ 1451.9 Mn. by 2027 4] What is the forecast period for the Peracetic Acid Market? Ans. The Forecast period for the Peracetic Acid Market is 2020-2027. 5] What was the market size of the Peracetic Acid Market in 2020? Ans. The market size of the Peracetic Acid Market in 2020 was US $ 789.2 Mn.
1. Global Peracetic Acid Market Size: Research Methodology 2. Global Peracetic Acid Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Peracetic Acid Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Peracetic Acid Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Peracetic Acid Market Size Segmentation 4.1. Global Peracetic Acid Market Size, by End-Use (2020-2027) • Disinfectant • Sterilant • Sanitizer • Others 4.2. Global Peracetic Acid Market Size, by Application (2020-2027) • Healthcare • Water treatment • Food & Beverage • Pulp and paper • Others 5. North America Peracetic Acid Market (2020-2027) 5.1. Global Peracetic Acid Market Size, by End-Use (2020-2027) • Disinfectant • Sterilant • Sanitizer • Others 5.2. Global Peracetic Acid Market Size, by Application (2020-2027) • Healthcare • Water treatment • Food & Beverage • Pulp and paper • Others 5.3. North America Peracetic Acid Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Peracetic Acid Market (2020-2027) 6.1. European Peracetic Acid Market, by End-Use (2020-2027) 6.2. European Peracetic Acid Market, by Application (2020-2027) 6.3. European Peracetic Acid Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Peracetic Acid Market (2020-2027) 7.1. Asia Pacific Peracetic Acid Market, by End-Use (2020-2027) 7.2. Asia Pacific Peracetic Acid Market, by Application (2020-2027) 7.3. Asia Pacific Peracetic Acid Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Peracetic Acid Market (2020-2027) 8.1. The Middle East and Africa Peracetic Acid Market, by End-Use (2020-2027) 8.2. The Middle East and Africa Peracetic Acid Market, by Application (2020-2027) 8.3. The Middle East and Africa Peracetic Acid Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Peracetic Acid Market (2020-2027) 9.1. Latin America Peracetic Acid Market, by End-Use (2020-2027) 9.2. Latin America Peracetic Acid Market, by Application (2020-2027) 9.3. Latin America Peracetic Acid Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Ecolab Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Mitsubishi Gas Chemical Company Inc. 10.3. Diversey Inc. 10.4. Kemira Oyj 10.5. Evonik Industries 10.6. Acuro Organics Ltd. 10.7. Thai Peroxide Ltd. 10.8. PeroxyChem LLC 10.9. Solvay S.A. 10.10. Enviro Tech Chemical Services Inc. 10.11. Loeffler Chemical Corporation 10.12. Hydrite Chemical Co. 10.13. Airedale Chemical Company Ltd 10.14. Aditya Birla Chemicals 10.15. Helios Group 10.16. Christeyns 10.17. Promox S.P.A 10.18. SEITZ GmBH 10.19. Jubilant Life Sciences 10.20. Sopura 10.21. FMC Corporation 10.22. Hydrite Chemical Company

About This Report

Report ID 16674
Category Material & Chemical
Published Date Sept 2019
Updated Date Dec 2021
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