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Peroxyacetic acid, also known as peracetic acid or PAA, stands as an organic compound characterized by the formula CH3CO3H. This colorless and highly acidic liquid is produced through a manufacturing process that involves acetic acid and hydrogen peroxide as its primary constituents. In comparison to its parent acetic acid, peroxyacetic acid is considered a weaker acid.
Commercially available, peroxyacetic acid is sold in refined form, distilled, or as a solution ranging from 1% to 50%, containing hydrogen peroxide, acetic acid, and water. Renowned for its robust oxidizing properties, peroxyacetic acid finds application across various domains, serving purposes such as sanitization, disinfection, bleaching, and sterilization. Notably, the applications of this chemical tend to break down into the environment without leaving behind any hazardous residues. These versatile characteristics make it the preferred choice for a multitude of households and end-users.
Peroxyacetic acid finds extensive use in major sectors, including the food industry, healthcare, water treatment, pulp and paper industries, as well as agriculture and laundry. In the realm of antimicrobial applications, it proves effective on indoor hard surfaces in bathrooms, washrooms, medical facilities, food establishments, and agricultural premises. Additionally, peroxyacetic acid plays a vital role in wineries, beverage plants, and breweries, acting as a pasteurizer. Its utility extends to food processing equipment, dairy/cheese processing plants, medical supplies as a disinfectant, and in the pulp industry for preventing biofilm formation. Moreover, it serves as a disinfectant and water purifier.
One of the key advantages of peroxyacetic acid is its role in prolonging the shelf life of food products. By safeguarding against microbial contamination, it contributes to the preservation of food items, ensuring they remain safe and consumable for an extended period. This property makes it an essential component in the arsenal of preservation methods employed by the food industry.
The eco-friendly nature of peroxyacetic acid further enhances its appeal. As its applications break down into the environment, it leaves no harmful residues, aligning with sustainability goals. This characteristic is particularly significant in the contemporary context where industries and consumers alike are increasingly conscious of the environmental impact of their choices.
Peroxyacetic acid emerges as a valuable and versatile chemical compound with a wide array of applications. Its effectiveness in sanitization, disinfection, and preservation, coupled with its environmentally friendly attributes, positions it as a preferred choice in diverse sectors. From household use to industrial applications in food processing, healthcare, water treatment, and beyond, peroxyacetic acid proves its mettle as a reliable and sustainable solution. As industries continue to prioritize both efficacy and environmental responsibility, the role of peroxyacetic acid is likely to expand further in meeting the evolving needs of diverse applications.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 1.2 Billion |
| Market Size Value In 2023 | USD 1.29 Billion |
| Growth Rate | 8% (2023-2032) |
Peroxyacetic Acid Market Highlights:
Global Peroxyacetic Acid Market Overview
Peroxyacetic Acid Market Size was estimated at USD 1.29 Billion in 2023. The Peroxyacetic Acid market industry is projected to grow from USD 1.39 Billion in 2024 to USD 2.39 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.98% during the forecast period (2024 - 2032). Foods are in popular demand among older people, and purified drinking water is in huge demand and is the key market driver contributing to the market’s growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Peroxyacetic Acid Market Trends
- Growing food demand among the elderly population is driving the market growth.
The growing food demand among older people drives the market CAGR for peroxyacetic acid. The aging population, food consumption, and increasing need for filtered water are all expected to fuel market expansion. The increased demand for packaged meals additionally serves as a significant element driving market expansion. Governments from several nations are collaborating to give adequate finances for producing peroxyacetic Acid using innovative technology and machinery. The Acid contains oxidizing agents having a wide range of uses that are quickly biodegradable and leave no trace. The chemical's flexible features render it more acceptable for families and consumers. The Application of chemicals in water treatment, medical care, and foods & beverages is expected to drive the overall Market growth.
Additionally, APAC's significant expansion in end-user industries such as nourishment, pulp & paper, wastewater procedures, and consumables is expected to drive the market growth. Other important drivers driving market expansion include the widespread use of peroxyacetic Acid in medicine, medical, life science, and other industries. Because of a growing need for medications, pharmaceutical companies are expected to establish factories in APAC. As a result, pharmaceutical businesses are seeing phenomenal development in the region.
The covid 19 widespread has wreaked devastation on the medical system. The pandemic has progressed from a localized crisis to a worldwide pandemic. Even medical facility is flooded with hospitalized individuals as a result of the outbreak of coronavirus, and the propagation of the infection has prompted an upsurge in the stipulation for sterilized goods and sanitation, all due to increased public awareness of hygiene, security, and health. The growing knowledge among individuals about hygiene upkeep and an increase in spending on healthcare items or peroxyacetic acid products are the significant drivers driving market expansion.
For instance, according to Lt Gen Todd Semonite, the US Army Corps of Engineers sought hotels, dormitories, conference centers, and vast open places to create 341 temporary hospitals. A minimum of 10% of confirmed positive cases of covid necessitate ICU involvement, with 21-31% of patients in the United States requiring hospitalization and 5-11% requiring intensive medical attention. Such bed and ICU requirements and increased knowledge about hygiene and preventative healthcare increased the need for Peroxyacetic Acid. Thus, it is anticipated that demand for Peroxyacetic Acid will increase throughout the projection timeframe due to the Growing food demand among the elderly population. Thus, driving the Peroxyacetic Acid market revenue.
Peroxyacetic Acid Market Segment Insights
Peroxyacetic Acid Type Insights
The Peroxyacetic Acid market segmentation, based on type, includes Disinfectants, Sanitizers, and Sterilant. The disinfectants segment dominated the market, accounting for 53% of the market share (USD 0.6 billion) in 2022. Demand from the food and drink, medical care, wastewater treatment, and paper and pulp sectors contributes to category expansion, benefiting the entire market.
Figure 1: Peroxyacetic Acid Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Peroxyacetic Acid Application Insights
The Peroxyacetic Acid market segmentation, based on Application, includes Food, Healthcare, Water Treatment, Pulp & Paper, and Others. The food category generated the most income of about 45% (USD 0.5 billion) in 2022. The food industry is anticipated to create novel applications and product categories. The major producers are working on new uses, and sample experiments to assess the efficacy of Peroxyacetic Acid throughout several industrial verticals are continuing. Water treatment is expected to grow significantly at a fast growth rate during the projected timeframe.
Peroxyacetic Acid Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Peroxyacetic Acid market area accounts for the second-highest market share and revenue, owing to rising R&D and technological developments that are driving up the need for Peroxyacetic Acid in the final-use sectors will boost the market growth in this region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Peroxyacetic Acid Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Peroxyacetic Acid market will dominate during the projected timeframe because it is frequently used for clarifying, disinfecting, and purifying salty water and wastewater. Peroxyacetic Acid is in great demand in industries such as chemical manufacturing, processing of food, and pulp & paper in this region. Further, the German Peroxyacetic Acid market holds the largest market share, and the UK Peroxyacetic Acid market is expected to grow and e3xpande steadily in the European region during the projected timeframe.
The Asia-Pacific Peroxyacetic Acid Market is expected to grow significantly quickly during the projected timeframe. The availability of readily available raw materials and inexpensive labor has increased investment from abroad in APAC as the need has increased. Moreover, China’s Peroxyacetic Acid market dominates the market share, and the Indian Peroxyacetic Acid market is expected to grow steadily in the Asia-Pacific region during the projected timeframe.
Peroxyacetic Acid Key Market Players & Competitive Insights
Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the Peroxyacetic Acid market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Peroxyacetic Acid industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Peroxyacetic Acid to benefit customers and capture untapped market share and revenue. The Peroxyacetic Acid industry has recently offered significant advantages to the wastewater treatment industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Peroxyacetic Acid market, including Solvay Chemicals, Evonik Industries, Ecolab, Aditya Birla Chemicals, Promox S.P.A, Christeyns, Enviro Tech Chemical Services, Peroxychem, and Seitz Gmbh, are attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.
Enviro Tech Chemical Services is a leader in producing peracetic Acid and stabilized bromine compounds. It was initially released in 1991. In addition, Enviro Tech has warehouse and sales operations in Chile & Mexico. They manufacture EPA and FDA-approved solutions for a wide range of sectors, such as water from industrial processes treatment, poultry processing, farming, natural gas & oil, treatment of wastewater, and others. It owns 41 EPA enrollments, 15 FDA Food Contact Alerts, and 14 US patents. The manufacturing plants are located in Modesto, CA, & Helena, AR, with a total production space of 270,000 square feet. In May 202, Enviro Tech announced a licensing deal with PeroxyChem. The license contract grants the corporation permission to employ its US patent. The license agreement permits PeroxyChem & its affiliates to utilize the process described in the '321 patent across the country without violating the patent conditions. The '321 invention covers incursion approaches in a poultry processing facility chilling tank, also known as a reservoir, that uses peracetic Acid at an alkaline pH.
Solvay uses research to develop ideas that address current environmental, social, and economic issues for an improved future. It is a Belgian chemical business founded in 1863 and headquartered in Brussels, Belgium. It is a leader in Materials, Chemicals, and Solutions. It uses innovations in aircraft, vehicles, battery packs, smart or medical equipment, air and water treatment, and other fields to address key commercial, social, and environmental issues. They want to be the catalyst in sparking the next discoveries that will allow mankind to develop while safeguarding the earth in a world with a growing population with a hunt for resources. Solvay gained authorization to utilize Proxitane AHC with COVID-19 in April 2020. It serves as a peracetic and hydrogen peroxide-based powerful fluid sanitizer.
Key Companies in the Peroxyacetic Acid market include
- Solvay Chemicals
- Evonik Industries
- Ecolab
- Aditya Birla Chemicals
- Promox S.P.A
- Christeyns
- Enviro Tech Chemical Services
- Peroxychem
- Seitz Gmbh.
Peroxyacetic Acid Industry Developments
May 2021: Enviro Tech Chemical Services, based in Modesto, recently announced a licensing deal with PeroxyChem. The license contract grants the corporation permission to employ its US patent. The license agreement permits PeroxyChem & its affiliates to utilize the process described in the '321 patent across the country without violating the patent conditions. The '321 invention covers incursion approaches in a poultry processing facility chilling tank, also known as a reservoir, that uses peracetic Acid at an alkaline pH.
April 2020: Solvay gained authorization to utilize Proxitane AHC with COVID-19 in April 2020. It serves as a peracetic and hydrogen peroxide-based powerful fluid sanitizer.
April 2016: Ecolan introduced Synergex, a combined peracetic acid disinfection & sanitizer, in April 2016. This item is EPA-registered in the United States. It is intended to assist dairy, food, and beer processors in ensuring food quality, increasing efficiency, improving security at work, and reducing environmental impact.
Peroxyacetic Acid Market Segmentation
Peroxyacetic Acid Type Outlook
- Disinfectant
- Sanitizer
- Sterilant
Peroxyacetic Acid Application Outlook
- Food
- Healthcare
- Water Treatment
- Pulp & Paper
- Others
Peroxyacetic Acid Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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