Peracetic Acid Market By Type (Disinfectant, Sanitizer, Sterilant And Others), By Application (Healthcare, Water Treatment, Food, Paper & Pulp, And Others)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Market Overview:

The Peracetic Acid Market held USD 813 billion in 2020 and is to grow with a CAGR of 7.5% from 2020-2030. Peracetic acid, commonly called peroxyacetic acid in the chemical market, is an colorless organic liquid with a strong pungent odor similar to that of acetic acid. Global peracetic acid market share is growing duet to its application in many households as an antimicrobial agent, as well as industrial processes like agricultural processes, food establishment, medical lavatories, brewery pasteurizers, dairy processing plants, beverage plants, and wineries among others. Peracetic acid is also commonly used for medical supplies as a main disinfectant, and is commonly used to prevent the formation of biofilm in pulp industries. Rising peracetic acid demand is projected to fuel the global peracetic acid market growth over the forecast period, particularly in food and beverage processing industries.

Market Dynamics and Factors:

Another significant factor that acts as a leading driver in the global peracetic acid market growth is the growing demand for peracetic acid in many beverage processing applications. Nonetheless, traditional peracetic acid applications like healthcare, industrial cleaning disinfectants, and personal care are growing, which in turn is stimulating the global peracetic acid market growth. Furthermore, developments in manufacturing, coupled with growing popularity of bio-based chemicals as well as the production and implementation of novel techniques developed for the use of peracetic acid in many new applications in a wide range of products are expected to pose bright opportunities over the forecast period for the peracetic acid market and will be a rising global peracetic acid market trend. Peracetic acid has been commonly used in the beverage, food, medical, and pharmaceutical industries in recent years. Peracetic acid's oxidation capacity is comparatively higher than other disinfectants and is thus commonly used worldwide in water and wastewater treatment. Several limiting factors that affects the global peracetic acid industry are, contact to peracetic acid can lead to irritation of the eyes and skin, and exposure for longer duration can cause lung damage and asthma.

Market Segmentation:

Depending upon the type, the global peracetic acid market is segmented into sterilant sanitizer, disinfectant and others. On the basis of application, the market is segmented into food, paper & pulp, healthcare, water treatment, and others. Region wise segmentation of global peracetic acid market share includes North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

China is expected to account for the largest share and lead the overall demand for amines due to the increasing industrial production over the last few years in the global peracetic market share, thus impacting the global peracetic acid industry. The strong Asia-Pacific demand is expected to be the  key driver for global peracetic acid market growth. China is projected to accounts for the largest share and drive the overall demand for peracetic acid due to the increasing industrial production over the last few years. Markets in other developing countries including Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India are also projected to expand rapidly over the forecast period.

Competitive Scenario:

The major players of global peracetic acid market are Aditya Birla Chemicals, Kemira Chemicals, Mitsubishi Gas Chemicals, Christeyns Seitz GmbH, Evonik Industries, Helios Group, Ecolab, Enviro Tech Chemical Services, Peroxychem, and Solvay Chemicals among others.

Peracetic Acid Market Report Scope