Peracetic Acid Market by Grade (<5% Grade, 5%-15% Grade, >15% Grade), Application (Disinfectant, Sterilant, Sanitizer), End Use (Healthcare, Food & Beverages, Water Treatment, Pulp & Paper), and Region - Global Forecast to 2028

Peracetic Acid Market by Grade (<5% Grade, 5%-15% Grade, >15% Grade), Application (Disinfectant, Sterilant, Sanitizer), End Use (Healthcare, Food & Beverages, Water Treatment, Pulp & Paper), and Region - Global Forecast to 2028

The global peracetic acid market size is projected to grow from USD 1.0 billion in 2023 to USD 1.4 billion in 2028, at a CAGR of 7.4%. The peracetic acid market is currently experiencing robust growth and dynamic shifts in response to evolving industrial demands and applications. Peracetic acid dissolves in solution and reforms into acetic acid and hydrogen peroxide. Peracetic Acid is, a versatile chemical compound with diverse applications in healthcare, food & beverages, water treatment, pulp & paper and others. The market benefits from a growing demand for peracetic acid, primarily driven by its effectiveness in applications across sectors like healthcare, food and beverages and water treatment. However, challenges exist, including fluctuations in the prices of acetic acid and hydrogen peroxide, a key raw material, affecting production costs and necessitating adaptability to price volatility.

Peracetic acid finds application in numerous sectors, including disinfectant, sterilant, and sanitizer. In conclusion, peracetic acids' adaptability and versatility make them a fundamental component of the global chemical industry.

“The Disinfectant segment is expected to register one of the highest market share during the forecast period.”

Disinfectant holds a major share in the peracetic acid.Peracetic acid is a strong disinfectant with a wide spectrum of antimicrobial activity. In recent years, there has been increased interest in the use of peracetic acid as a disinfectant for wastewater effluents because of its proven bactericidal, virucidal, fungicidal, and sporicidal properties across a range of sectors. The benefits of using peracetic acid for wastewater disinfection include its simplicity of use.

“The water treatment segment in the end-use industry is expected to register one of the highest CAGR during the forecast period.”

Water treatment is the third-leading end-use industry in terms of both, value and volume of peracetic acid. Europe is the largest market in the water treatment industry in terms of value and volume, followed by North America. In mature markets, such as Europe and North America, efforts are made to increase water reuse, improve drinking water quality, and reduce water contamination. Such efforts are mainly driving the use of peracetic acid in industrial wastewater treatment and serve disinfection purposes.

Rising health awareness, increasing need for conventional water treatment, and stringent regulations by water treatment authorities are vital factors for developing the market in the end-use industry. Peracetic acid is used in the North American market for industrial recirculation in cooling water treatment and wastewater treatment. It is also used for the cleaning of ultrafiltration (UF) and reverse osmosis (RO) membranes. Peracetic acid offers the same oxidizing activity at elevated pH, during the entire disinfection or sterilization process. It is a vital property, which depicts its increasing use in the water treatment end-use industry.

“Europe peracetic acid market is estimated to capture one of the highest share in terms of volume during the forecast period.”

Europe has the greatest market for peracetic ac. In Europe, peracetic acid is mostly used for the clarification, disinfection, and purification of brackish water and wastewater. Apart from disinfecting wastewater, PAA has been explored or used for a number of other environmental applications. These applications include membrane hollow fibers, cooling towers, ion exchangers, and combined sewer overflows (CSOs) as disinfectants. Moreover, it has been demonstrated that PAA works well for sludge debulking, pathogen reduction in biosolids, and solid odor reduction. Due to its unique performance and high oxidation potential properties, peracetic acid is widely used in disinfectants, sterilants, and sanitizers in Europe.

The break-up of the profile of primary participants in the peracetic acid market:

By Company Type: Tier 1 – 46%, Tier 2 – 43%, and Tier 3 – 27%

By Designation: C Level – 21%, D Level – 23%, and Others – 56%

By Region: North America – 37%, Europe – 23%, Asia Pacific– 26%, South America – 4%, and Middle East & Africa – 10%,

The key companies profiled in this report are Solvay (Belgium), Evonik Industries AG (Germany), Ecolab Inc. (US), Mitsubishi Gas Chemical Company (Japan), Enviro Tech Chemical Services (US), Jubilant Life Sciences (India), National Peroxide Ltd. (India), Kemira Oyj (Finland), Seeler Industries Inc. (US), and Airedale Chemicals (UK), and others.

Research Coverage:

The peracetic ac market is segmented by idGra (d<%5% Grade, 5-15% Graded <15% Gra), Application (e>Disiceectant, Sterilat, Sanitizer, and others), End Use (Healthcare, Food & Beverages, Water Treatment, Pulp & Pap, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The study's coverage covers detailed information on the key factors influencing the growth of the peracetic ac market, such as drivers, constraints, challenges, and opportunities. A thorough examination of the top industry players was carried out in order to provide insights into their company overview, solutions, and services; essential strategies; contracts, partnerships, and agreements. This includes coverage of new product and service launches, mergers and acquisitions, and ongoing developments in the peracetic ac market. A competitive analysis of emerging companies in the peracetic ac business ecosystem is included in this study. Reasons to buy this report: The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall peracetic ac market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Growing demand for peracetic ac in emerging economies), restraints (volatility in raw material prices), opportunities (collaboration of distributors in untapped markets), and challenges (stringent regulatory policies).

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the peracetic ac market

Market Development: Comprehensive information about lucrative markets – the report analyses the peracetic ac market across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the peracetic ac market

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Solvay (Belgium), Evonik Industries AG (Germany), Ecolab Inc. (US), Mitsubishi Gas Chemical Company (Japan), Enviro Tech Chemical Services (US), Jubilant Life Sciences (India), National Peroxide Ltd. (India), Kemira Oyj (Finland), Seeler Industries Inc. (US), and Airedale Chemicals (UK). The report also helps stakeholders understand the pulse of the peracetic ac market and provides them with information on key market drivers, restraints, challenges, and opportunities.