The global demand for Peracetic Acid Market is presumed to reach the market size of nearly USD 3.19 MN by 2028 from USD 1.9 MN in 2021 with a CAGR of 7.7% under the study period 2022 - 2028.
Peracetic acid (C2H4O3), also known as peroxyacetic acid, is an organic molecule widely utilized as an antioxidizing and antibacterial agent. The chemical is commonly used as a bactericide and fungicide. The acid is made by oxidizing acetaldehyde and possesses a non-chlorinated by-product and non-corroding and non-foaming reactions. It is a colorless acidic liquid. In the commercial production of peracetic acid, hydrogen peroxide and acetic acid are the main ingredients. It's found in various items, with concentrations ranging from 5% to 35%. After ozone, peracetic acid is one of the most potent oxidizing agents. It is very water-soluble and produces no health or environmental hazards due to its use. Peracetic acid has been recognized as an antibacterial and a safe chemical for preserving food for a more extended period. Peracetic acid is a preservative extensively used in the food industry for meat, poultry, and seafood. When inhaled directly, peracetic acid can cause severe burns, allergies, and other harmful health effects to the eyes, skin, and respiratory organs.
Market Dynamics
The peracetic acid market is expected to grow in the future as manufacturing technology improves, bio-based chemicals become more popular, and new uses for peracetic acid emerge in a variety of applications. The rising application of peracetic acid in different allied sectors such as food processing is driving the market. Furthermore, increased demand for peracetic acid in various beverage processing applications propels the market. The increased use of peracetic acid (PAA) as a sanitizer, disinfectant, and bleaching agent and key players leveraging their resources such as R&D and sourcing networks to expand their footprint in developing countries are all driving market expansion. Peracetic acid's growing popularity stems from its ability to provide bacterial inactivation performance at a lower cost than competing disinfection methods and its widespread use in applications such as water treatment by private businesses with government assistance. Moreover, traditional peracetic acid uses such as industrial cleaning disinfectants, healthcare, and personal care are growing, moving the peracetic acid market forward. Because peracetic acid can cause serious health problems if consumed in high doses, these limitations limit its widespread use in household applications, which is one of the market's significant hurdles.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of peracetic acid. The growth and trends of peracetic acid industry provide a holistic approach to this study.
Market Segmentation
This section of the peracetic acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Solution-Grade
- Distilled-Grade
By End-User
- Food & Beverage
- Pulp & Paper Bleaching
- Water Treatment
- Medical
- Agriculture
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Peracetic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Peracetic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the peracetic acid market include Evonik Industries, Kemira Oyj, Mitsubishi Gas Chemicals, Inc., Solvay S.A., PeroxyChem LLC, SEITZ GmbH, and Ecolab Inc., among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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