Global Peracetic Acid Market, by Application (Disinfectant, Sanitizer, Others), by End-use Industry (Healthcare, Food and Beverage, Water Treatment, Pulp and Paper, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Global Peracetic Acid Market Research, 2031

The global peracetic acid market size was valued at $0.9 billion in 2021, and is projected to reach $1.8 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031. Rise in awareness of water treatment solutions and advancements in industrial cleaning technologies are significantly driving the demand for peracetic acid in the market. As industries increasingly focus on sustainable and efficient methods of treating water, peracetic acid, known for its strong disinfecting properties, has become a preferred solution for treating wastewater and ensuring safe water supplies. 

Introduction 

Peracetic acid (C2H4O3) is a powerful organic compound consisting of acetic acid (CH3COOH) and hydrogen peroxide (H2O2). It is a colorless liquid with a sharp, pungent odor and is often used as a disinfectant, sterilizer, and oxidizer due to its potent antimicrobial properties. Peracetic acid is highly reactive and capable of breaking down a wide range of organic materials, making it particularly effective in killing bacteria, viruses, fungi, and other pathogens. 

Market Dynamics 

Peracetic acid, also known as peroxyacetic acid is a colorless liquid with a strong odor. It is utilized as a versatile antimicrobial and antioxidant agent. It is also used as an effective bactericide and fungicide, primarily in food processing applications. It is used to disinfect or sterilize equipment, reservoirs, surfaces, and plastic bottles & pipes. 

The increase in demand for peracetic acid from food & beverages industry is expected to serve as a crucial growth factor for the global peracetic acid market. Peracetic acid is widely utilized in the food industry, primarily in food processing and packaging of products, including juices, soft drinks, milk, and tea. It is used as an effective fungicide and bactericide in food processing applications and used for sanitizing food contact surfaces. It is also used as a food processing aid for antimicrobial intervention without imparting colors, odors, or flavors to the finished product. In the meat production industry, peracetic acid and chlorine are used as antimicrobials and are extremely effective at lowering pathogen levels if applied directly to the meat. It is also effective for lessening microbial contamination of seafood and for preserving seafood for longer time period. Further, numerous bottling plants utilize peracetic acid as a sanitizer and disinfectant in order to lower microbial contamination. Also, it is extensively utilized as a sanitizer in the brewing industry. 

Further, rise in use of peracetic acid in the pharmaceutical industry is another key factor projected to foster the peracetic acid market growth during the forecast period. However, health hazards associated with peracetic acid is anticipated to hamper the growth of the global peracetic acid market. On the contrary, increased demand for peracetic acid in the water treatment industry is expected to generate lucrative opportunities for the global peracetic acid industry. 

The peracetic acid market is segmented into application, end-use industry, and region. On the basis of application, the market is categorized into disinfectant, sanitizer, and others. On the basis of end-use industry, the market is divided into healthcare, food and beverage, water treatment, pulp and paper, and others. Healthcare segment is the fastest growing segment with the highest CAGR. In healthcare, peracetic acid acts similarly to oxidant biocides in inhibiting protein synthesis and other intracellular processes in bacteria and fungus, such as cell membrane and wall metabolic functions. Peracetic acid is used for disinfection in health care and food processing sectors. It is excellent in killing microscopic organisms and is used to eliminate bacteria, fungus, yeasts, spores, and viruses. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The peracetic acid market share is analyzed across all significant regions and countries. 

Asia-Pacific is projected to register a robust growth during the forecast period. In the Asia-Pacific region, the main usage of peracetic acid is to treat influents to eliminate bacteria and oxidize other microorganisms. Use of peracetic acid in food packaging has a longer shelf life and lower transportation costs and is used for milk products, low acid and high acid drinks. Peracetic acid has been shown to be useful in preventing microbial contamination of seafood and in keeping seafood fresher for extended periods of time.

Disinfectant segment dominated the global peracetic acid market in terms of revenue, in 2021. Peracetic acid is used as a disinfectant in chemicals that kill pathogens and other hazardous microbes. It can be used to deactivate a wide range of harmful bacteria. It also renders viruses and spores inactive. Peracetic acid inactivate gram-positive and gram-negative bacteria, fungi, and yeasts in less than 5 minutes at less than 100 ppm. Peracetic acid disinfectants are being used more widely in public places, transportation, hospitals, nursing homes, wastewater treatment plants, and even ordinary houses across the world to reduce viral bacterial, fungal infection.

Food and Beverage segment dominated the global peracetic acid market in 2021. Peracetic acid is used as an antimicrobial agent in meat, poultry, and seafood. It is used as a disinfectant in the food processing sector because it can easily kill bacteria, fungi, yeasts, spores, and pathogens in minutes. The peracetic acid is used to keep the food and beverage industry's working environment clean to prevent food contamination.

The major players operating in the global peracetic acid market include, Acuro Organics Limited, Airedale Chemical Company, California Soda Company, Diversey Inc, Ecolab Inc, Enviro Tech Chemical Services, Evonik Industries AG, Jubilant Pharmova Limited, Kemira Oyj, Lenntech B.V., Mitsubishi Gas Chemical Company, Seeler Industries Inc, Solvay, Sopura S.A, and Tanfac Industries.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global peracetic acid market analysis from 2021 to 2031 to identify the prevailing global peracetic acid market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global peracetic acid market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global peracetic acid market trends, key players, market segments, application areas, and market growth strategies.

  Global Peracetic Acid Market, by Application Report Highlights

Aspects	Details
Market Size By 2031	USD 1.8 billion
Growth Rate	CAGR of 7.7%
Forecast period	2021 - 2031
Report Pages	200
By Application	Others Disinfectant Sanitizer
By End-use Industry	Healthcare Food and Beverage Water Treatment Pulp and Paper Others
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, France, UK, Spain, Italy, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players	Ecolab Inc., SOPURA S.A, solvay, LENNTECH B.V., CALIFORNIA SODA COMPANY, SEELER INDUSTRIES INC, JUBILANT PHARMOVA LIMITED, MITSUBISHI GAS CHEMICAL COMPANY, ACURO ORGANICS LIMITED., AIREDALE CHEMICAL COMPANY, ENVIRO TECH CHEMICAL SERVICES, DIVERSEY INC., EVONIK INDUSTRIES AG, KEMIRA OYJ, TANFAC INDUSTRIES Ltd

Analyst Review

According to the perspective of the CXOs of leading companies, the global peracetic acid market is anticipated to grow in the near future due to its extensive use in applications, such as food and beverage, water treatment, heathcare, and others. Peracetic acid is widely utilized in the food industry, primarily in food processing and packaging of products, including juices, soft drinks, milk, and tea. It is used as an effective fungicide and bactericide in food processing applications and used for sanitizing food contact surfaces. It is also used as a food processing aid for antimicrobial intervention without imparting colors, odors, or flavors to the finished product.

However, peracetic acid is corrosive to the mucous membranes of the respiratory tract, eyes, and skin and thus, health hazards associated with peracetic acid is expected to hinder the market growth of peracetic acid.

Further, the Asia-Pacific region is projected to register a robust growth during the forecast period.

Author Name(s) : Arpita Kumari | Eswara Prasad

Related Tags

• Disinfectants
• Food Additives
• Water Treatment

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