Peracetic Acid Market Size to Reach USD 1,899+ Million by 2033 – Rise with Steller CAGR 7.9%
The Global Peracetic Acid Market was valued at USD 905 million in 2022 and is projected to reach USD 1,899 million by 2032. Between 2023 and 2032, the market is estimated to register the highest Compound Annual Growth Rate (CAGR) of 7.9%.
Peracetic acid, a highly acidic liquid chemical, is produced using acetic acid and hydrogen peroxide. It ranks among the most effective agents after ozone and finds extensive use across various industries, particularly in food, for equipment cleaning and sterilizing applications.
Also known as peroxyacetic acid, peracetic acid is a colorless liquid with a distinct pungent odor similar to acetic acid. Its corrosive nature is well-recognized. The global peracetic acid market is witnessing significant proliferation and is expected to grow substantially due to rising demand from end-use industries during the forecast period.
The development of products tailored to specific applications across numerous industries is anticipated to play a crucial role in expanding the peracetic acid market in the forthcoming years.
To understand how our report can make a difference to your business strategy, Inquire about a brochure at: https://market.us/report/peracetic-acid-market/#requestSample
Market Leading Segmentation
The peracetic acid market in 2022 was characterized by a dominant presence of solutions, which accounted for the largest share of revenue. These solutions find extensive usage in the food and beverage industry for disinfection purposes across various equipment and surfaces. Additionally, they are utilized in animal health and agricultural applications, further driving their demand. In terms of applications, disinfectants emerged as the leading segment, owing to the widespread adoption of peracetic acid in water treatment, food processing, and healthcare industries.
The disinfectant properties of peracetic acid make it highly effective against a wide range of microorganisms, including bacteria, viruses, and fungi. Within end-users, the food and beverage industry held the largest market share, leveraging peracetic acid’s eco-friendly characteristics for sterilizing packaging materials and ensuring product safety during production. This dominance is expected to persist, driven by the expanding applications in the food processing and packaging sectors.
Based on Purity
- Solution
- Distilled
Based on Application
- Sterilizer
- Sanitizer
- Disinfectant
- Other Applications
Based on End-User
- Food and beverage
- Healthcare Industries
- Water treatment
- Pulp and Paper bleaching
- Other End-Users
Market Key Players
- Evonik Industries AG
- Kemira Oyj
- Solvay S.A.
- Mitsubishi Gas Chemical Company, Inc.
- Airedale Chemical Company Ltd.
- Ecolab Inc.
- Jubilant Life Sciences Ltd
- Hydrite Chemical
- Other Key Players
Immediate Delivery Available | Buy This Premium Research Report@ https://market.us/purchase-report/?report_id=18945
Regional Analysis
Asia Pacific dominated the global market for peracetic acid in 2022
Based on region, the global peracetic acid market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among these regions, The Asia Pacific held the largest revenue share for peracetic acid in the global market.
The region’s increasing awareness and concern about health and hygiene. As individuals become more educated about the importance of sanitized food and clean water, the demand for effective disinfectants such as peracetic acid has grown correspondingly.
Key Regions and Countries
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia & CIS
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- ASEAN
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Drivers Peracetic acid offers advantages over other biocides, driving market growth. Widely used in disinfection and sterilization, it’s preferred for wastewater treatment due to its eco-friendly nature, replacing chlorine. With superior features like longer shelf life and optimal performance, peracetic acid attracts users across various applications, fostering market expansion. The rising demand for peracetic acid further boosts market growth.
Restraints Health risks associated with peracetic acid exposure hinder market growth. Its corrosive nature and strong odor pose risks to eyes, skin, and respiratory systems upon exposure. Long-term exposure can lead to severe hazards like fires and explosions, especially with reactive metals. Such risks dampen revenue growth in the peracetic acid market.
Low Awareness and High Cost Limited awareness and higher costs impede market growth. Consumers lack knowledge about peracetic acid and its benefits across applications. Additionally, its higher price compared to substitutes like chlorine and hydrogen peroxide discourages adoption, hindering market expansion.
Opportunity Asia Pacific presents high growth potential. Key industries like food and beverage, healthcare, and water treatment drive peracetic acid demand in the region. Its use in food processing, healthcare infrastructure development, and pharmaceuticals fuels growth. The region’s emerging markets, especially in pharmaceuticals, offer significant growth opportunities for the global peracetic acid market.
Trends Processed food demand drives peracetic acid usage. Widely employed in food and beverage industries for freshness and taste enhancement, peracetic acid serves as a bleaching and antimicrobial agent for fruits and vegetables. Growing hygiene awareness and processed food demand propel its usage, ensuring product safety, shelf life extension, and thermal degradation slow down, contributing to market growth.
Conclusion
In conclusion, the Peracetic Acid Market demonstrates promising growth prospects driven by its advantages over other biocides, such as eco-friendliness and superior performance. Despite health risks and cost concerns, increasing awareness and demand across various industries, particularly in the Asia Pacific region, present significant opportunities for market expansion. With the rising demand for processed food and the need for effective disinfection solutions, peracetic acid is expected to continue its growth trajectory in the coming years. However, addressing health concerns and enhancing awareness among consumers remain crucial for sustained market growth.
Get in Touch with Us:
Global Business Development Team – Market.us
Market.us (Powered By Prudour Pvt. Ltd.)
Address: 420 Lexington Avenue, Suite 300,
New York City, NY 10170, United States
Tel: +1 718 618 4351
Email: inquiry@market.us
Explore More Food and Beverage Market Research Reports
Editor Details
-
Company:
- Wired Release
- Website:
