The global peracetic acid market size reached US$ 905.7 Million in 2022. Looking forward, the publisher expects the market to reach US$ 1,429.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028. The widespread adoption of peracetic acid in the agricultural sector, the rising adoption of peracetic acid for efficient water treatment solutions, and the growing utilization of peracetic acid in healthcare settings represent some of the key factors driving the market.
Peracetic acid is a powerful oxidizing agent that is commonly used as a disinfectant, sterilant, and sanitizer in various fields, such as food processing, healthcare, and water treatment. It is a clear, colorless, and highly reactive liquid with a pungent odor, which is similar to the smell of acetic acid. It is a peroxide family member, which means it contains an oxygen-oxygen single bond. It is produced by the reaction of acetic acid with hydrogen peroxide, which generates peracetic acid in situ. Additionally, it is highly effective against a wide range of microorganisms, including viruses, bacteria, fungi, and spores. It has a broad-spectrum antimicrobial activity and disrupts microorganisms' cellular membranes, leading to their death. It is also known to be effective in removing biofilms, which are a common cause of contamination in various industries. It is considered to be an environmentally friendly disinfectant as it rapidly breaks down into harmless byproducts, such as water, oxygen, and acetic acid. It does not leave any harmful residues, making it ideal for use in the food industry, where residues of disinfectants could affect the quality and safety of food products.
2. What are the key factors driving the global peracetic acid market?
3. What has been the impact of COVID-19 on the global peracetic acid market?
4. What is the breakup of the global peracetic acid market based on the grade?
5. What is the breakup of the global peracetic acid market based on the application?
6. What is the breakup of the global peracetic acid market based on the end-use industry?
7. What are the key regions in the global peracetic acid market?
8. Who are the key players/companies in the global peracetic acid market?
Peracetic acid is a powerful oxidizing agent that is commonly used as a disinfectant, sterilant, and sanitizer in various fields, such as food processing, healthcare, and water treatment. It is a clear, colorless, and highly reactive liquid with a pungent odor, which is similar to the smell of acetic acid. It is a peroxide family member, which means it contains an oxygen-oxygen single bond. It is produced by the reaction of acetic acid with hydrogen peroxide, which generates peracetic acid in situ. Additionally, it is highly effective against a wide range of microorganisms, including viruses, bacteria, fungi, and spores. It has a broad-spectrum antimicrobial activity and disrupts microorganisms' cellular membranes, leading to their death. It is also known to be effective in removing biofilms, which are a common cause of contamination in various industries. It is considered to be an environmentally friendly disinfectant as it rapidly breaks down into harmless byproducts, such as water, oxygen, and acetic acid. It does not leave any harmful residues, making it ideal for use in the food industry, where residues of disinfectants could affect the quality and safety of food products.
Peracetic Acid Market Trends:
Significant growth in the agriculture industry majorly drives the global market. This can be supported by the widespread adoption of peracetic acid in the agricultural sector due to its ability to prevent and manage bacterial and fungal growth in soil and crops. Additionally, the rising adoption of peracetic acid for efficient water treatment solutions, as well as the growing global demand for safe drinking water is significantly supporting the market. Along with this, the growing utilization of peracetic acid in healthcare settings for surface disinfection, equipment sterilization, and as a high-level disinfectant for medical instruments is significantly supporting the demand. This is due to the increasing prevalence of hospital acquired infections (HAIs) and the need for effective disinfection and sterilization practices. In addition, the growing demand for high-quality paper products and the rising need for eco-friendly production practices are driving the use of peracetic acid in the pulp and paper industry, which is acting as another growth-inducing factor. Apart from this, the increasing use of peracetic acid in organic and natural products to ensure the absence of harmful chemicals and toxins, thereby meeting the growing demand for sustainable and environmentally friendly products, is also driving the market. Furthermore, the integration of advanced reactors and optimized production processes enhance the production capacity of peracetic acid, is creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and continual technological advancements.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global peracetic acid market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on grade, application and end-use industry.Grade Insights:
- Solution Grade
- Distilled Grade
Application Insights :
- Disinfectant
- Sterilant
- Sanitizer
- Others
End-Use Industry Insights:
- Healthcare
- Food & Beverage
- Water Treatment
- Pulp & Paper
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global peracetic acid market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aditya Birla Chemicals, Airedale Chemical Company, Diversey Inc., Ecolab Inc., Enviro Tech Chemical Services, Evonik Industries, FMC Corporation, Jubilant Life Sciences, Kemira Chemicals, Lenntech, Mitsubishi Gas Chemical Co., National Peroxide Ltd., PeroxyChem, Seitz GmbH, Solvay S.A., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What is the expected growth rate of the global peracetic acid market during 2023-2028?2. What are the key factors driving the global peracetic acid market?
3. What has been the impact of COVID-19 on the global peracetic acid market?
4. What is the breakup of the global peracetic acid market based on the grade?
5. What is the breakup of the global peracetic acid market based on the application?
6. What is the breakup of the global peracetic acid market based on the end-use industry?
7. What are the key regions in the global peracetic acid market?
8. Who are the key players/companies in the global peracetic acid market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis12 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Peracetic Acid Market
6 Market Breakup by Grade
7 Market Breakup by Application
8 Market Breakup by End-Use Industry
9 Market Breakup by Region
10 SWOT Analysis
13 Porters Five Forces Analysis
14 Competitive Landscape
Companies Mentioned
- Aditya Birla Chemicals
- Airedale Chemical Company
- Diversey Inc.
- Ecolab Inc.
- Enviro Tech Chemical Services
- Evonik Industries
- FMC Corporation
- Jubilant Life Sciences
- Kemira Chemicals
- Lenntech
- Mitsubishi Gas Chemical Co.
- National Peroxide Ltd.
- PeroxyChem
- Seitz GmbH
- Solvay S.A
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 141 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 905.7 Million |
Forecasted Market Value ( USD | $ 1429.3 Million |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |