Peracetic Acid Market by Function (Disinfectant, Sanitizer, Sterilant), Grade (5% Grade, 5-15% Grade, >15% Grade), End User - Global Forecast 2024-2030

Peracetic Acid Market by Function (Disinfectant, Sanitizer, Sterilant), Grade (5% Grade, 5-15% Grade, >15% Grade), End User - Global Forecast 2024-2030

The Peracetic Acid Market size was estimated at USD 1.32 billion in 2023 and expected to reach USD 1.38 billion in 2024, at a CAGR 4.70% to reach USD 1.82 billion by 2030.

Global Peracetic Acid Market

Peracetic acid is a colorless organic compound liquid formulated using hydrogen peroxide and acetic acid in equilibrium, characterized by a highly noticeable, strong, acrid odor that is readily miscible with water. Its resultant potent oxidizing properties make it a potent micro biocide and disinfecting agent used across food and beverage industries for equipment sanitization and direct food contact surface disinfection along with other applications, including water treatment, pulp & paper bleaching, and use in the agricultural sector due to its fungicidal and bactericidal properties. Growing health and hygiene awareness, notably within the food and healthcare sectors, has increased the application of effective sterilization tools such as peracetic acid. Moreover, stringent government regulations on ensuring public health safety further propel the usage of such disinfectants. However, the hazardous implications of the acid's extensive use affecting human health and the environment, along with strict regulations controlling the use and disposal of such substances, slow the market growth. Continuous efforts in research and development aimed at advancements in production technologies, coupled with greater accessibility to raw materials, is expected to create an opportunistic landscape for the market.

Regional Insights

The Americas region showcases the most progressive landscapes for peracetic acid owing to the strong focus on sanitization and food safety measures in the food & beverage industry. Moreover, the swift growth in wastewater treatment plants across North America has spiked the demand for peracetic acid due to its disinfectant properties. Further, numerous patent applications for optimizing the synthesis process of peracetic acid and its safe handling, along with increasing R&D funding in sanitation application of peracetic acid, signal promising growth potential in the region. In the EU region, many major economies reflect high consumption rates of peracetic acid due to stringent directives from the European Commission on health and sanitation. Further, increasing use of this compound in dairy, medical sector, and agriculture owing to its biocidal properties and for plant protection applications has established the growth prospect in the region. The MEA region is showing exponential growth due to the expanding food & beverage and healthcare sectors. Rapid urbanization and developing infrastructure have catalyzed the growth of various industries, thereby positively impacting the demand for peracetic acid. The APAC region depicts an opportunistic landscape in the face of burgeoning industries such as textiles, pulp & paper, and water treatment. With the surge in urbanization, the wastewater treatment sector in the APAC region is rapidly expanding. As peracetic acid is used extensively for water disinfection in wastewater treatment, this growth translates into increased demand for the compound. Further, regulatory norms by governmental bodies in the region encourage the use of non-toxic, eco-friendly disinfectants, which have further boosted the peracetic acid market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Peracetic Acid Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Peracetic Acid Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Peracetic Acid Market, highlighting leading vendors and their innovative profiles. These include Acuro Organics Limited, Aditya Birla Chemicals, Airedale Group, BioSafe Systems, LLC, Biosan, Chemtex Speciality Limited, Christeyns NV, Diversey, Inc, Ecolab Inc., Enviro Tech Chemical Services, Inc. by Arxada AG, Evonik Industries AG, Evoqua Water Technologies LLC, Hydrite Chemical Co., Illinois Tool Works Inc., Jubilant Pharmova Limited, Kemira Oyj, KERSIA GROUP, Merck KGaA, Mitsubishi Gas Chemical Company Inc., Promox, Seeler Industries Inc., SEITZ GmbH, Solvay S.A., Stockmeier Holding GmbH, The Lubrizol Corporation, and Wego Chemical Group Inc.

Market Segmentation & Coverage

This research report categorizes the Peracetic Acid Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Function
  • Disinfectant
  • Sanitizer
  • Sterilant
• Grade
  • 5% Grade
  • 5-15% Grade
  • >15% Grade
• End User
  • Agriculture
  • Food & Beverages
  • Healthcare
  • Medical
  • Pulp & Paper
  • Water Treatment

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Peracetic Acid Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Peracetic Acid Market?
3. What are the technology trends and regulatory frameworks in the Peracetic Acid Market?
4. What is the market share of the leading vendors in the Peracetic Acid Market?
5. Which modes and strategic moves are suitable for entering the Peracetic Acid Market?

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