Global Peracetic Acid Market Size, Share, Growth Analysis, By Product(Disinfectant, Sanitizer), By End User(Healthcare industry, Water treatment industry)

Description

Peracetic Acid Market size was valued at USD 845.3 million in 2021 and is poised to grow from USD 873.3 million in 2022 to USD 1685 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

Peracetic acid finds application in various industries, including dairy and cheese plants, food processing equipment, pasteurization equipment in breweries, wineries, and beverage plants. Additionally, it serves as a disinfectant for medical supplies, prevents biofilm formation in the pulp industry, and acts as a water purifier and disinfectant. One of its uses is as a cooling tower water disinfectant, effectively controlling Legionella bacteria and preventing biofilm formation. Moreover, peracetic acid is employed in some laundry detergents. The detergent's production involves the reaction of tetraacetylethylenediamine (TAED) with an alkaline hydrogen peroxide solution, resulting in a more potent bleach than hydrogen peroxide alone. Notably, peracetic acid also occurs naturally in the environment through photochemical reactions involving formaldehyde and photo oxidative radicals. To ensure stability, it is commonly sold as a solution mixed with acetic acid and hydrogen peroxide.

Segment analysis covered in this report

The global peracetic acid market is categorized based on product type, end-user industry, and geographical region. Regarding product type, the market comprises three segments: disinfectant, oxidizer, and sterilant. The applications of peracetic acid span across various industries, including healthcare, water treatment, food processing, pulp & paper, breweries, laundry, wineries, chemical processing, and agriculture. Geographically, the global market is divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA).

Driver

Recently, peracetic acid has been employed in wastewater disinfection by utility companies, primarily to combat waterborne diseases caused by pathogenic organisms. These disinfectants are effective in neutralizing various disease-causing microbes, including bacteria, helminths, spores, and protozoa, ensuring adequate treatment to prevent disease transmission. Peracetic acid is typically available in concentrations ranging from 5% to 22%. When peracetic acid is dissolved in water, it generates free Hydrogen Peroxyl (HO2) and Hydroxyl (OH) radicals, which possess strong oxidizing properties and play a crucial role in microbial disinfection. The potent disinfecting capabilities of these radicals make peracetic acid a valuable component in wastewater treatment processes. Due to its beneficial properties and efficacy in wastewater disinfection, the adoption of peracetic acid is on the rise in wastewater treatment facilities. As the demand for wastewater treatment continues to increase worldwide, the global peracetic acid market is expected to witness significant growth.

Restraints

Peracetic acid possesses a highly unpleasant odor and exhibits a highly corrosive nature. Its use entails several potential hazards, making exposure to the chemical dangerous. The compound can be harmful to the skin, eyes, and respiratory tract upon contact or inhalation. Moreover, it reacts violently with soft metals, including brass, copper, iron, and zinc. These factors contribute significantly to the damage caused by exposure to peracetic acid, which in turn hampers the growth of the global peracetic acid market.

Market Trend

Another significant trend in the peracetic acid market is its increasing application in the personal care industry. This versatile compound is finding more uses in various personal care products.

Additionally, peracetic acid is gaining popularity as an effective and eco-friendly biocide in the agriculture industry. It is extensively used for cleaning drip lines, disinfecting agricultural tools, and sterilizing containers, contributing to improved agricultural practices. The use of peracetic acid in the process of harvesting crops is also on the rise, further stimulating market growth in the agricultural sector. These expanding applications are driving the demand for peracetic acid and bolstering its market growth across different industries.

Product Code: SQMIG15A2128

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Peracetic Acid Market by Product

Market Overview
Disinfectant
Sanitizer
Sterilizer

Global Peracetic Acid Market by End User

Market Overview
Healthcare industry
Water treatment industry
Food industry
Agricultural industry

Global Peracetic Acid Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Solvay SA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Evonik Industries AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ecolab Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PeroxyChem LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Gas Chemical Company Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kemira Oyj
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aditya Birla Chemicals Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Christeyns NV
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SEITZ GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Airedale Chemical Company Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Promox S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Thai Peroxide Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
FMC Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Loeffler Chemical Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hydrite Chemical Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Enviro Tech Chemical Services Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sopura S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Promox S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SEKO S.p.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
PeroxyChem LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
On 22 July 2022, Active Oxygen's business line of Evonik announced a new strategy aimed at expanding beneficial handprint and lowering environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. This strategy includes various steps to reduce carbon emissions and improve resource efficiency in the manufacturing of these chemicals to achieve climate neutrality across the business line by 2040.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Peracetic Acid Market Size, Share, Growth Analysis, By Product(Disinfectant, Sanitizer), By End User(Healthcare industry, Water treatment industry) - Industry Forecast 2023-2030