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The global peracetic acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Peracetic acid (C2H4O3), or peroxyacetic acid, is an organic compound that is commonly used as a versatile antimicrobial and antioxidizing agent. It is also used as an effective bactericide and fungicide, especially in food processing applications. The acid is produced by the autoxidation of acetaldehyde and is generally available in the form of a colorless liquid with a pungent odor. It has a non-chlorinated by-product and non-corroding and non-foaming reactions, along with a wide temperature range and a higher oxidation potential. Owing to these benefits, it finds extensive applications across various industries, including food and beverage, water treatment, healthcare and pulp & paper.
Significant growth in the agriculture industry is one of the key factors driving the growth of the market. Peracetic acid aids in preventing and controlling bacterial and fungal growth in the soil and on crops, owing to which it is extensively utilized in the agricultural industry. Furthermore, increasing product adoption for efficient water treatment solutions, along with the growing demand for potable water across the globe, is also providing a boost to the market growth. The acid acts as a pre-oxidant that removes chlorine and concentrated residues from the water, thereby making the water drinkable. Additionally, the growing product utilization as a bleaching agent for food starch and as an antimicrobial agent for washing poultry products is acting as another growth-inducing factor. Other factors, including increasing product demand from the medical industry for disinfecting medical supplies, along with advancements in the acid manufacturing technologies, are projected to drive the market further.
Breakup by Grade:
Breakup by Application:
Breakup by End-Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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.
|Base Year of the Analysis||2020|
|Segment Coverage||Grade, Application, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
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