Peracetic Acid Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[220+ Pages Report] According to Facts and Factors, the global peracetic acid market was valued at USD 812.05 million in 2021 and is predicted to increase at a CAGR of 6.98% to USD 1202.09 million by 2028. The study examines the market in terms of revenue in each of the leading regions, which are classified into countries.

Market Overview

Peracetic acid is an organic molecule that has a wide range of applications as an antibacterial and antioxidant. It's also utilized as a bactericide and fungicide, particularly in food processing applications. Peracetic acid is a white liquid with a pungent odor that is formed through the auto-oxidation of acetaldehyde. Product demand in the processed food business is assumed to be driven by rapid population increase and changing consumer lifestyles and eating habits, particularly in emerging countries. Globally, the demand for packaged meals is being driven by longer business hours and an increasing female labour force. Peracetic acid's popularity stems from its use as an antibacterial agent in the food sector to preserve food for later consumption. To achieve the best potential result in food preservation, an antibacterial agent must be used.

One of the primary factors driving the market's growth is a significant increase in the agriculture business. Peracetic acid is widely used in the agricultural business because it helps to prevent and control bacterial and fungal growth in the soil and on crops. Additionally, rising product acceptance for effective water treatment solutions, as well as the growing demand for potable water around the world, are driving market expansion. The acid works as a pre-oxidant, removing chlorine and other concentrated contaminants from the water and making it drinkable. Another growth-inducing aspect is the use of the developing product as a bleaching agent for food starch and as an antibacterial agent for cleaning chicken items.

One of the primary factors driving the market's growth is a significant increase in the agriculture business. Peracetic acid is widely used in the agricultural business because it helps to prevent and control bacterial and fungal growth in the soil and on crops. Additionally, rising product acceptance for effective water treatment solutions, as well as the growing demand for potable water around the world, are driving market expansion. The acid works as a pre-oxidant, removing chlorine and other concentrated contaminants from the water and making it drinkable. Another growth-inducing aspect is the use of the developing product as a bleaching agent for food starch and as an antibacterial agent for cleaning chicken items. Other factors such as rising product demand from the medical industry for disinfecting medical supplies, as well as developments in acid manufacturing technologies, are expected to fuel the market even more.

Impact of COVID – 19

COVID-19 is a newly discovered coronavirus that causes an infectious disease. COVID-19, which was mostly unknown until an outbreak in Wuhan, China, in December 2019, went from a regional problem to a global pandemic in just a few weeks.19 has been declared a pandemic by the World Health Organization (WHO). Special financial assistance from government agencies has been announced for the development of preventive and curative pharmaceuticals, the procurement of critical care medical devices, and the expedited approval of diagnostic tests. The pandemic has wreaked havoc on healthcare systems around the world, with hospitals becoming overburdened as the number of patients rises. To deal with the rising disease incidence, temporary hospitals are being built.

The complete research study looks at both the qualitative and quantitative aspects of the Peracetic Acid market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

Segmentation Analysis

The global Peracetic Acid market is segregated based on crop application and end-use industry.

Based on the application, the disinfection application is expected to grow rapidly, propelling the peracetic acid market as a whole. It is the most important segment in terms of both value and volume. The food and beverage, healthcare, water treatment, and pulp and paper sectors are all driving market growth in this sector. Rising healthcare expenditures in all countries, as well as an increase in the number of temporary hospitals, are some of the key causes driving demand and uptake of disinfectant application in peracetic acid products.

Based on the end-use industry, the food and beverage industry will be the most profitable. With its numerous advantages and environmentally friendly properties, peracetic acid is becoming more widely used in the food and beverage industries. They are used to disinfect or sterilize equipment, surfaces, reservoirs, plastic bottles, and pipes. In food and beverage packaging applications, PET or PE bottles are used to package a wide range of items. Throughout the manufacturing process, packaging materials are sterilized with peracetic acid solutions to protect beverages. Increased applications in the food and beverage industries are expected to boost the global peracetic acid market share over the forecast period.

Report Scope

Regional Landscape

Due to its demand in numerous end-use industries, Asia Pacific is a significant region in the worldwide peracetic acid market and will grow at the fastest rate. Developments in the Asia-Pacific food & beverage industry will be a key contributor, opening up significant revenue prospects for the peracetic acid market in the region. The region contributed to more than 45% of the global food and beverage industry's total revenue.

With consumer spending on outlets such as restaurants, buffets, and cafés, China is the largest food & beverage market in the Asia-Pacific area. Furthermore, during the projection period, the growing demand for clear water in the region will drive the water treatment business. Sales will be driven by regional pharmaceutical industry expansion because of low-cost labour, an aging population, and ample land.

List of Key Players in the Global Peracetic Acid Market:

• Evonik Industries AG (Germany)
• Solvay SA (Belgium)
• Mitsubishi Gas Chemical Company (Japan)
• Ecolab Inc. (US)
• Enviro Tech Chemical Services (US)
• Kemira Ojy (Finland)
• Christeyns (Belgium)
• SEITZ GmBH (Germany)
• Jubilant Life Sciences (India)
• Sopura (Belgium)

The global peracetic acid market is segmented as follows;

Based on application

• Disinfectant
• Sterilant
• Sanitizer
• Others (Oxidant, Reagent, and Polymerization Catalyst)

Based on the End-Use Industry

• Healthcare
• Food & Beverage
• Water Treatment
• Pulp & Paper
• Others (Agricultural Premises, Wineries, Breweries, and Laundry)

Based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America