Peracetic Acid Market Size

Peracetic Acid Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

PERACETIC ACID MARKET: The peracetic acid market is set for a rapid growth, with a market size of $ 0.16 billion in 2024, it is estimated to reach $ 0.29 billion by 2032, at a CAGR of 7.8 percent. This upward trend reflects the growing demand for peracetic acid in various applications, especially in the food and beverage, health care, and water treatment industries. The emphasis on sanitation and hygiene, especially in the context of the current public health problems, is the main driver of this market growth. The development of the production process and the increasing demand for biodegradable disinfectants are also expected to drive the market. The market is expected to grow with an increase in the number of companies producing peracetic acid, as well as an increase in R & D efforts to increase the effectiveness and safety of peracetic acid formulations. The main players in the market, such as Ecolab, Solvay and PeroxyChem, are actively strengthening their market positions through strategic alliances and product innovations. The recent launch of Ecolab's new peracetic acid sanitizer, for example, reflects the trend towards sustainable and effective cleaning solutions and the demand for biodegradable products.

Regional Market Size

Regional Deep Dive

The Peracetic Acid Market is expected to grow at a significant CAGR during the forecast period, owing to the growing demand for eco-friendly disinfectants and sanitizers, particularly in the food and beverage, pharmaceutical, and water treatment industries. In North America, the strict regulations pertaining to food safety and hygiene have led to the increased use of peracetic acid as a disinfectant and sanitizer. In Europe, the growing awareness regarding the use of eco-friendly disinfectants and sanitizers has augmented the demand for peracetic acid. In the Asia-Pacific region, the growing urban population has increased the demand for water treatment solutions. The Middle East and Africa are focusing on improving the sanitation standards. Latin America is expected to grow significantly during the forecast period, owing to the growing investments in the agricultural sector.

North America

• Peracetic acid is recognized as a safe and effective disinfectant by the EPA. It is being used in a variety of industries, especially food processing.
• The main companies like Ecolab and Solvay are putting a lot of money into research and development to improve the properties and the use of peracetic acid in cleaning processes, a trend that reflects a general tendency towards more sustainable cleaning solutions.
• Peracetic acid has risen in popularity since the COVID-19 epidemic, for its effectiveness against a wide range of pathogens.

Europe

• The edicts of the European Union concerning the use of chemicals in the matter of food hygiene have led to the increased use of peracetic acid as a disinfectant.
• Peracetic acid is used in agriculture and medicine. Recent developments in the formulation and application of peracetic acid have increased its effectiveness.
• Among the consumers and businesses in Europe the trend towards the use of natural products is growing, and both consumers and businesses are seeking natural alternatives.

Asia-Pacific

• Peracetic acid is one of the most important chemicals for water treatment, a need that is growing with the industrialization and urbanization of countries such as China and India.
• The government’s sanitation and hygiene programs, especially in the food and beverage industries, are increasing the use of peracetic acid.
• Local manufacturers are beginning to set up a production base, which will improve the supply and reduce the price, making peracetic acid more widely available.

MEA

• Peracetic acid is proving to be an effective disinfectant. The Middle East is witnessing a new movement to improve hygienic conditions in the food industry.
• The demand for peracetic acid is expected to rise in the near future, as the authorities in the Gulf states are implementing stricter hygiene regulations.
• Local and foreign companies are entering into joint ventures to promote the distribution and use of peracetic acid in the region.

Latin America

• Latin America is adopting peracetic acid as a crop protection agent, driven by the need for effective and environmentally friendly solutions.
• The use of peracetic acid in the manufacture and packing of foodstuffs is promoted by the Government’s programme of hygiene and safety.
• The benefits of peracetic acid are beginning to be appreciated by local companies, which have increased their production and distribution.

Did You Know?

“Peracetic acid is not only a disinfectant but also decomposes into non-toxic products, making it an excellent choice for cleaning.” — U.S. Environmental Protection Agency (EPA)

Segmental Market Size

The Peracetic Acid Market is characterized by a high growth segment, mainly driven by the increasing demand for effective disinfectants and sanitizers in various industries. The stricter regulations for food safety and hygiene standards and the increasing demand for natural cleaning products are the key drivers of the market. Also, the growing focus on sustainable practices in industries such as food and health is expected to drive the use of peracetic acid as an alternative to traditional chemicals.

Peracetic acid is now a well-established product, and such companies as Ecolab and Solvay are already using it on a large scale in the treatment of water and the sanitization of food. Its most important applications are in the food and beverage industry, where it is used for sanitizing equipment, and in water treatment plants, where it is used for disinfection. Its use is growing, and the COVID pandemic is expected to increase demand even further. Its formulation and delivery systems are being constantly improved, and it is expected to remain relevant in the rapidly changing market.

Future Outlook

PERACYLIC ACID MARKET: Peracetic acid is a chemical compound with a molecular formula of H2CO3. The Peracetic acid market is projected to grow at a CAGR of 7.8% from 2024 to 2032, indicating a high CAGR of 7.8%. The main reason for this is the growing demand for eco-friendly disinfectants and sanitizers from various industries such as food & beverage, water treatment, and health care. As regulations become more and more sustainable and non-toxic, the peracetic acid market will grow and penetration will reach 15% in the food and beverage industry by 2032, from an estimated 8% penetration in 2024.

The market for peracetic acid is based on the production and formulation of the acid. Its application is expected to expand as new developments, such as the development of more concentrated formulations and improved stabilization, are introduced. Moreover, the growing emphasis on hygiene and safety, which is accelerated by the COVID-19 pandemic, will keep the demand for peracetic acid as a preferred disinfectant. The trend towards the integration of peracetic acid in the automation of cleaning systems and its use in sustainable agriculture will also contribute to the expansion of the market and position it as an important component of the green shift.