Performic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global Performic Acid (PFA) market is poised for substantial growth, with an anticipated CAGR of 6% to 7% between 2024 and 2031, according to the latest research by Fairfield Market Research. The increasing demand for Performic Acid in the chemical, medical, and food industries is driving this growth.

Key Highlights:

Versatile Disinfectant: Performic Acid is widely used in the medical and food industries for disinfecting equipment. It effectively combats viruses, microscopic fungi, bacterial spores, and other microorganisms. Its non-toxic breakdown products, primarily carbon dioxide, oxygen, and water, contribute to its appeal as a sterilizer.

Driving Factors for Performic Acid Demand:

Growing Food Industry Demand: The primary driver of the market is the rising demand from the food industry. Performic Acid is used as a disinfectant and oxidizing agent in food and medical applications, and it has recently become commercially available for wastewater disinfection. High quality and environmental acceptability are significant factors contributing to increased demand.
Medical Industry Growth: The growth of the medical industry, including the need for hospital beds, ICUs, and hygiene awareness, has led to increased demand for Performic Acid. It is used in hospitals, pharmaceuticals, and other healthcare sectors for microbial control and surface cleaning.
Environmental-Friendly Disinfectant: Performic Acid is an environmentally friendly oxidizing biocide used in various disinfection applications, including wastewater treatment and surface cleaning in industrial settings.

APAC Performic Acid Market Outlook:

The Asia Pacific region, including countries such as China, Indonesia, India, Australia, Japan, Korea, and Singapore, has witnessed a significant uptick in Performic Acid demand. The product's exemption from residual value in the food and beverage industry, as it breaks down into harmless components, has contributed to its growing popularity.

Performic Acid is used to destroy bacteria and break down organic matter in medical waste, making it crucial for managing pathological and drug waste. These properties are expected to impact the growth of the Asia Pacific market positively.

Europe Demand Outlook for Performic Acid:

Europe, with countries like Germany, France, and Italy experiencing significant growth in the food and chemical industries, has seen increased demand for Performic Acid. It is in high demand in sectors such as chemical processing and food and beverage.

In Europe, chemical alternatives like physical water treatment, UV disinfection, and membrane filtration are gaining traction for water purification. Performic Acid plays a pivotal role in the clarification, disinfection, and purification of brackish water and wastewater in the region.

Key Manufacturers and Suppliers:

Leading manufacturers and suppliers in the Performic Acid market include Hangzhou Dayangchem Co. Limited, Sagachem Ltd, Parchem, Akos Consulting and Solution, Henan Bon Industrial Co. Ltd., Evonik Industries, among others. These key players are capitalizing on emerging opportunities, with a focus on acquisitions, collaborations, and scaling up production.

With a significant growth trajectory driven by the medical industry's expansion, especially in countries like China and India, the Asian-Pacific region is at the forefront of Performic Acid market development.

Market Segmenatation:

By Application

Disinfectant
Sterilizer
Sterilant
Others

By End-Use

Food industry
Medical industry
Water treatment
Paper and Pulp
Others

By Region

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

1. Executive Summary

1.1. Global Performic Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Performic Acid Market Outlook, 2018 - 2031

3.1. Global Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Venlafaxine
  - 3.1.1.2. Duloxetine HCl
  - 3.1.1.3. Milnacipran HCl
  - 3.1.1.4. Others
3.2. Global Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Food industry
  - 3.2.1.2. Medical industry
  - 3.2.1.3. Water treatment
  - 3.2.1.4. Paper and Pulp
  - 3.2.1.5. Others
3.3. Global Performic Acid Market Outlook, by Region, Value (US$ Mn), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Performic Acid Market Outlook, 2018 - 2031

4.1. North America Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Disinfectant
  - 4.1.1.2. Sterilizer
  - 4.1.1.3. Sterilant
  - 4.1.1.4. Others
4.2. North America Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Food industry
  - 4.2.1.2. Medical industry
  - 4.2.1.3. Water treatment
  - 4.2.1.4. Paper and Pulp
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Performic Acid Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 4.3.1.2. U.S. Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 4.3.1.3. Canada Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 4.3.1.4. Canada Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Performic Acid Market Outlook, 2018 - 2031

5.1. Europe Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Disinfectant
  - 5.1.1.2. Sterilizer
  - 5.1.1.3. Sterilant
  - 5.1.1.4. Others
5.2. Europe Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Food industry
  - 5.2.1.2. Medical industry
  - 5.2.1.3. Water treatment
  - 5.2.1.4. Paper and Pulp
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Performic Acid Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.2. Germany Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.3. U.K. Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.4. U.K. Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.5. France Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.6. France Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.7. Italy Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.8. Italy Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.9. Turkey Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.10. Turkey Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.11. Russia Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.12. Russia Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 5.3.1.13. Rest of Europe Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 5.3.1.14. Rest of Europe Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Performic Acid Market Outlook, 2018 - 2031

6.1. Asia Pacific Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Disinfectant
  - 6.1.1.2. Sterilizer
  - 6.1.1.3. Sterilant
  - 6.1.1.4. Others
6.2. Asia Pacific Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Food industry
  - 6.2.1.2. Medical industry
  - 6.2.1.3. Water treatment
  - 6.2.1.4. Paper and Pulp
  - 6.2.1.5. Others
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Performic Acid Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.2. China Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 6.3.1.3. Japan Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.4. Japan Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 6.3.1.5. South Korea Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.6. South Korea Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 6.3.1.7. India Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.8. India Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 6.3.1.9. Southeast Asia Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.10. Southeast Asia Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Performic Acid Market Outlook, 2018 - 2031

7.1. Latin America Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Disinfectant
  - 7.1.1.2. Sterilizer
  - 7.1.1.3. Sterilant
  - 7.1.1.4. Others
7.2. Latin America Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Performic Acid Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 7.3.1.2. Brazil Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 7.3.1.3. Mexico Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 7.3.1.4. Mexico Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 7.3.1.5. Argentina Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 7.3.1.6. Argentina Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Performic Acid Market Outlook, 2018 - 2031

8.1. Middle East & Africa Performic Acid Market Outlook, by Application, Value (US$ Mn), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Disinfectant
  - 8.1.1.2. Sterilizer
  - 8.1.1.3. Sterilant
  - 8.1.1.4. Others
8.2. Middle East & Africa Performic Acid Market Outlook, by End Use, Value (US$ Mn), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Food industry
  - 8.2.1.2. Medical industry
  - 8.2.1.3. Water treatment
  - 8.2.1.4. Paper and Pulp
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Performic Acid Market Outlook, by Country, Value (US$ Mn), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 8.3.1.2. GCC Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 8.3.1.3. South Africa Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 8.3.1.4. South Africa Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 8.3.1.5. Egypt Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 8.3.1.6. Egypt Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 8.3.1.7. Nigeria Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 8.3.1.8. Nigeria Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
  - 8.3.1.9. Rest of Middle East & Africa Performic Acid Market by Application, Value (US$ Mn), 2018 - 2031
  - 8.3.1.10. Rest of Middle East & Africa Performic Acid Market by End Use, Value (US$ Mn), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by End Use Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Hangzhou Dayangchem Co.Limited
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Sagachem ltd
- 9.4.3. Parchem
- 9.4.4. Akos consulting and solution
- 9.4.5. Henan Bon industrial co. ltd.
- 9.4.6. Evonik Industries etc.

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations