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Peracetic Acid Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2032

The global peracetic acid market size was worth around USD 929 million in 2023 and is predicted to grow to around USD 1,935.90 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.50% between 2024 and 2032.

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Peroxyacetic acid, or PAA, is another name for peracetic acid. Peracetic acid is a liquid organic compound that is highly corrosive and has the acrid odour of acetic acid. A mixture of hydrogen peroxide and acetic acid in a water solution is extensively employed in the food industry as a disinfectant and cleanser. Peracetic acid is a potent antioxidant and antimicrobial agent that is both environmentally safe and adaptable.

The peracetic acid market is anticipated to experience rapid growth in the years ahead as a result of the growing demand for antimicrobial agents in the food processing and beverage industry. Peracetic acid is extensively employed in the pulp and paper industry as a result of its potent oxidising capabilities. This, in turn, is anticipated to stimulate the global peracetic acid market in the future. Furthermore, it is employed as a biocide in the agricultural and horticultural sectors. Nevertheless, peracetic acid can cause a variety of adverse effects, including asthma, eye and skin irritation, and lung injury. It is anticipated that the water treatment industry’s increasing demand for peracetic acid will drive the growth of this market in the future.

A detailed value chain analysis has been included to provide the consumers of this report with a comprehensive understanding of the peracetic acid market. The study also includes an analysis of Porter’s Five Forces model for the peracetic acid market in order to understand the competitive landscape within the market. The study comprises a market attractiveness analysis, which evaluates all segments according to their market size, growth rate, and overall appeal.

The study also encompasses the market share of the primary players in the global peracetic acid market. Additionally, the report addressed strategic development, acquisitions and mergers, agreements, partnerships, collaborations, joint ventures, and regional growth of key participants within the market on a regional basis.

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The Global Peracetic Acid Market is segmented based on product, application and region

Global Peracetic Acid Market: Product Segment Analysis

● Disinfectant
● Sterilant
● Sanitizer
● Others

Global Peracetic Acid Market: Application Segment Analysis

● Healthcare
● Water Treatment
● Food Industry
● Pulp and Paper
● Others

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The global Peracetic Acid market profiles key players such as:

● Solvay Chemicals
● Loeffler Chemical Corporation
● Mitsubishi Motors Corporation
● Hydrite Chemical Company
● Evonik Industries AG
● PeroxyChem LLC
● Airedale Chemical Company Ltd
● Kemira Chemicals, Ecolab Inc
● Enviro Tech Chemical Services, Inc
● Aditya Birla Chemicals

Regional Analysis of the Peracetic Acid Market

Furthermore, the regional classification encompasses the Middle East and Africa, Asia Pacific, North America, Latin America, and Europe.

The peracetic acid market is categorised into the following regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to experience the most rapid growth in the forthcoming period, as a result of the high demand for products from a variety of end-user sectors, including food, water treatment, and healthcare. In this regional market, China maintains the greatest market share. The European peracetic acid market is predominantly driven by the region’s thriving healthcare sector. It is anticipated that Latin America will experience substantial growth in the years ahead as a result of the increasing awareness of the hygienic environment.

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