Global Peracetic Acid Market Report and Forecast 2023-2028

Global Peracetic Acid Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global peracetic acid market is projected to grow at a CAGR of 7.80% between 2023 and 2028. Aided by the increasing use in water disinfection, food safety, and various industrial applications, the market is expected to grow significantly by 2028.

Peracetic acid, known chemically as peroxyacetic acid, is an organic compound that is characterised by its potent antimicrobial properties. It’s a versatile oxidising agent often used for its disinfecting and sterilising capabilities. It finds application in a variety of sectors, ranging from healthcare for instrument disinfection to the food and beverage industry for sanitising food contact surfaces. Furthermore, with an environmentally-friendly profile – it degrades into harmless residues – the compound is gaining traction in wastewater treatment processes as well.

The escalating emphasis on food safety is one of the primary drivers propelling the peracetic acid market growth. As concerns over foodborne illnesses and the need for extended shelf-life increase, the demand for effective disinfectants in the food processing industry rises in tandem. Peracetic acid, with its rapid action against a wide range of pathogens without leaving toxic residues, has become an indispensable component in food and beverage disinfection procedures.

Meanwhile, in the healthcare sector, the persistent battle against hospital-acquired infections (HAIs) has necessitated the use of robust sterilising agents. With its ability to act against a variety of microbes and its residue-free degradation, peracetic acid emerges as a preferred choice for instrument sterilisation and surface disinfection in medical facilities.

Beyond the realms of food and healthcare, the rising concerns over water contamination and the pressing need for sustainable wastewater treatment solutions have paved the way for peracetic acid’s adoption. Its potent disinfecting properties, coupled with its eco-friendly degradation, make it an ideal candidate for water and wastewater disinfection, presenting a sustainable alternative to traditional chlorine-based disinfectants.

As per the peracetic acid market analysis, the versatility of peracetic acid is not confined to disinfection alone. The compound is proving its mettle in various other industrial applications as well. Its strong oxidising nature makes it useful in certain bleaching operations, especially in the pulp and paper industry. Furthermore, it’s being researched for potential applications in advanced oxidation processes, aiming to address complex environmental contaminants.

In light of the burgeoning demand for sustainable solutions across industries, the peracetic acid market outlook seems promising. The dual advantage of potent disinfection and eco-friendly residues positions it as a frontrunner in the race for green chemicals. As industries evolve and innovate, the applications and potential of peracetic acid are only expected to expand.

Market Segmentation

The market can be divided based on grade, application, end use, and region.

Market Breakup by Grade

• Solution Grade
• Distilled Grade

Market Breakup by Application

• Disinfectants

In-House Surfaces

Instrument Disinfection

Others

• Sterilant

Liquid

Spray

Wipe

Others

• Sanitiser

Gel

Foam

Spray

Others

Market Breakup by End Use

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

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global peracetic acid market. Some of the major players explored in the report by Expert Market Research are as follows:

• Kemira Oyj
• Mitsubishi Gas Chemical Company, Inc.
• Solvay SA
• Enviro Tech Chemical Services, Inc.
• Evonik Industries AG
• Jubilant Life Sciences Limited
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.