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

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Peracetic Acid Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• High demand for purified water
• Increasing application of peracetic acid in industries such as food processing and beverage industries
• High usages of peroxyacetic acid in the pharmaceutical, hospitals, and life science

Market Restraints

• Lack of awareness about peracetic acid
• Adverse health effects from the prolonged use of peracetic acid, resulting in lung, eye, and skin damage

Market Opportunities

• Advancement in manufacturing technology of peracetic acid
• Innovation in peracetic acid (PAA)-based disinfection and oxidation technologies for wastewater recycling

Market Challenges

• Availability of low price substitutes

Market Segmentation Analysis

• Function: Increasing applicability of peracetic acid as disinfectant owing to its non-staining feature
• Grade: proliferations of 5-15% grade peracetic acid due to safety and efficiency
• End User: Increasing applications in food & beverage industry for food safety

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Peracetic Acid Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Peracetic Acid Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Enviro Tech Showcases The Power Of Peracetic Acid For Wastewater At Texas Water 2023

Enviro Tech, an Arxada company, showcased its peracetic acid (PAA) chemistries at Texas Water 2023 in Houston. One of their featured products is Peragreen WW, a powerful PAA-based disinfectant and sanitizer specifically designed for wastewater treatment. Peragreen WW is available in concentrations of 15% or 22% and offers several advantages over chlorine-based disinfection methods. Its highly oxidizing chemistry delivers superior results with less product, eliminating the need for a neutralizing agent.

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