Peracetic Acid Market

Market Overview:

The global peracetic acid market size reached US$ 905.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,429.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028. The widespread adoption of peracetic acid in the agricultural sector, the rising adoption of peracetic acid for efficient water treatment solutions, and the growing utilization of peracetic acid in healthcare settings represent some of the key factors driving the market.

Peracetic acid is a powerful oxidizing agent that is commonly used as a disinfectant, sterilant, and sanitizer in various fields, such as food processing, healthcare, and water treatment. It is a clear, colorless, and highly reactive liquid with a pungent odor, which is similar to the smell of acetic acid. It is a peroxide family member, which means it contains an oxygen-oxygen single bond. It is produced by the reaction of acetic acid with hydrogen peroxide, which generates peracetic acid in situ. Additionally, it is highly effective against a wide range of microorganisms, including viruses, bacteria, fungi, and spores. It has a broad-spectrum antimicrobial activity and disrupts microorganisms' cellular membranes, leading to their death. It is also known to be effective in removing biofilms, which are a common cause of contamination in various industries. It is considered to be an environmentally friendly disinfectant as it rapidly breaks down into harmless byproducts, such as water, oxygen, and acetic acid. It does not leave any harmful residues, making it ideal for use in the food industry, where residues of disinfectants could affect the quality and safety of food products.

Peracetic Acid Market Trends:

Significant growth in the agriculture industry majorly drives the global market. This can be supported by the widespread adoption of peracetic acid in the agricultural sector due to its ability to prevent and manage bacterial and fungal growth in soil and crops. Additionally, the rising adoption of peracetic acid for efficient water treatment solutions, as well as the growing global demand for safe drinking water is significantly supporting the market. Along with this, the growing utilization of peracetic acid in healthcare settings for surface disinfection, equipment sterilization, and as a high-level disinfectant for medical instruments is significantly supporting the demand. This is due to the increasing prevalence of hospital acquired infections (HAIs) and the need for effective disinfection and sterilization practices. In addition, the growing demand for high-quality paper products and the rising need for eco-friendly production practices are driving the use of peracetic acid in the pulp and paper industry, which is acting as another growth-inducing factor. Apart from this, the increasing use of peracetic acid in organic and natural products to ensure the absence of harmful chemicals and toxins, thereby meeting the growing demand for sustainable and environmentally friendly products, is also driving the market. Furthermore, the integration of advanced reactors and optimized production processes enhance the production capacity of peracetic acid, is creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and continual technological advancements.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global peracetic acid market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on grade, application and end-use industry.

Grade Insights:

• Solution Grade
• Distilled Grade
   

The report has provided a detailed breakup and analysis of the peracetic acid market based on the grade. This includes solution grade and distilled grade. According to the report, solution grade represented the largest segment.

Application Insights :

• Disinfectant
• Sterilant
• Sanitizer
• Others
   

A detailed breakup and analysis of the peracetic acid market based on the application has also been provided in the report. This includes disinfectant, sterilant, sanitizer, and others. According to the report, disinfectant accounted for the largest market share.

End-Use Industry Insights:

• Healthcare
• Food & Beverage
• Water Treatment
• Pulp & Paper
• Others
   

The report has provided a detailed breakup and analysis of the peracetic acid market based on the end-use industry. This includes healthcare, food & beverage, water treatment, pulp & paper, and others. According to the report, food & beverage represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for peracetic acid. Some of the factors driving Europe peracetic acid market included the significant growth in the agriculture industry, technological advancements, and favorable government regulations.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global peracetic acid market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aditya Birla Chemicals, Airedale Chemical Company, Diversey Inc., Ecolab Inc., Enviro Tech Chemical Services, Evonik Industries, FMC Corporation, Jubilant Life Sciences, Kemira Chemicals, Lenntech, Mitsubishi Gas Chemical Co., National Peroxide Ltd., PeroxyChem, Seitz GmbH, Solvay S.A., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the peracetic acid market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global peracetic acid market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the peracetic acid industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.