18-May-2022 | Facts and Factors
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 key regions, which are classified into countries.
With increasing demand from end-use industries, the worldwide peracetic acid market is fast growing and is expected to continue to do so in the future. In the next five years, product development to meet the needs of specific applications in various sectors will be a critical component in the peracetic acid market's growth. Some of the primary drivers boosting demand and uptake of peracetic acid products are rising healthcare expenditure across all nations and a rise in the number of temporary hospitals. The demand for peracetic acid has risen dramatically as a result of factors such as rising demand for hospital beds and intensive care units (ICUs), the development of isolation facilities, and rising consumer awareness of hygiene and preventative healthcare.
Browse the full “Peracetic Acid Market By Application (Disinfectant, Sterilant, Sanitizer, Others), By End-Use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, Others), and By Region - Global Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028" report at https://www.fnfresearch.com/peracetic-acid-market
In order to prevent microbial development, disinfectants, sanitizers, chemical sterilants, and other biocide chemicals are used. Peracetic acid is a useful substance that is frequently used to treat wastewater as an environmentally favorable alternative to chlorine. It's an excellent chlorine-free bleach and disinfectant substitute. Peracetic acid is one of the most inventive biocide advancements due to its performance advantages over other biocides. Peracetic acid's beneficial characteristics (extended shelf life, optimum performance, safe by-products, and gradual thermal degradation) are enticing end-users to use it in a variety of applications.
Peracetic acid is driving the market in a variety of end-use industries due to rising demand in a variety of applications. Peracetic acid's key end-use sectors in APAC are food, pharmaceuticals, pulp and paper, and water treatment, all of which are rapidly expanding. Peracetic acid has been utilized in various industries since its inception, and it continues to be a significant market in the biocides industry. It's widely utilized in the food business, particularly in the processing and packaging of juices, milk, soft drinks, and tea. Peracetic acid is used in pharmaceutical, life sciences, hospitals, and other industries due to the growing healthcare industry.
Segmental Overview
The disinfection application is likely to increase at a rapid rate, driving the peracetic acid market overall. In terms of both value and volume, it is the most important segment. Demand in the food & beverage, healthcare, water treatment, and pulp & paper industries is a major driver of market expansion in this area. Some of the primary drivers driving demand and uptake of disinfectant application in peracetic acid products are rising healthcare expenditure across all nations and an increase in the number of temporary hospitals.
The food and beverage industry is expected to be the most profitable. Because of its high benefits and environmentally favorable properties, peracetic acid is becoming more widely employed in the food and beverage industry. Equipment, surfaces, reservoirs, and plastic bottles and pipes are all disinfected or sterilized using them. Many sorts of items are packaged in PET or PE bottles in food and beverage packaging applications. To safeguard beverages, packaging materials are sterilized using peracetic acid solutions throughout the manufacturing process. Over the projected period, increased applications in the food and beverage industry will raise the worldwide peracetic acid market share.
Regional Overview
The peracetic acid market in APAC is in its early stages of development and is expected to be the fastest-growing. The region's strong demand is mostly due to the region's large and growing addressable population base, as well as the relocation of manufacturing to this region. The APAC area is predicted to grow faster than the rest of the world. The demand for peracetic acid in end-use industries around the world is being driven by continued R&D activities and increasing technical improvements in developing economies. As a result, the market for peracetic acid in developing nations such as India, China, and Brazil is expanding. Membrane filtration and UV disinfection are also gaining popularity.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 812.05 Million |
Projected Market Size in 2028 |
USD 1202.09 Million |
CAGR Growth Rate |
6.98% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
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), and Others |
Key Segment |
By Application, End-use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global Peracetic Acid Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
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;
By Application
- Disinfectant
- Sterilant
- Sanitizer
- Others (Oxidant, Reagent, and Polymerization Catalyst)
By End-Use Industry
- Healthcare
- Food & Beverage
- Water Treatment
- Pulp & Paper
- Others (Agricultural Premises, Wineries, Breweries, and Laundry)
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- 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
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