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We expect the global peracetic acid market to exhibit a CAGR of 7.7% during 2021-2026.
The expanding agriculture sector, along with the growing product utilization based on its high oxidation potential and ability to control bacterial and fungal growth, is primarily catalyzing the global peracetic acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for peracetic acid.
Based on the grade, the global peracetic acid market can be segmented into solution grade and distilled grade. Currently, solution grade holds the majority of the total market share.
Based on the application, the global peracetic acid market has been divided into disinfectant, sterilant, sanitizer, and others, where disinfectant exhibits a clear dominance in the market.
Based on the end-use industry, the global peracetic acid market can be categorized into healthcare, food & beverage, water treatment, pulp & paper, and others. Among these, the food & beverage industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global peracetic acid market 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.
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