Peracetic Acid Market worth $1.82 billion by 2030, growing at a CAGR of 4.68% - Exclusive Report by 360iResearch

The "Peracetic Acid Market by Function (Disinfectant, Sanitizer, Sterilant), Grade (5% Grade, 5-15% Grade, >15% Grade), End User - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Peracetic Acid Market to grow from USD 1.26 billion in 2022 to USD 1.82 billion by 2030, at a CAGR of 4.68%.

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Peracetic acid is a colorless organic compound liquid formulated using hydrogen peroxide and acetic acid in equilibrium, characterized by a highly noticeable, strong, acrid odor that is readily miscible with water. Its resultant potent oxidizing properties make it a potent micro biocide and disinfecting agent used across food and beverage industries for equipment sanitization and direct food contact surface disinfection along with other applications, including water treatment, pulp & paper bleaching, and use in the agricultural sector due to its fungicidal and bactericidal properties. Growing health and hygiene awareness, notably within the food and healthcare sectors, has increased the application of effective sterilization tools such as peracetic acid. Moreover, stringent government regulations on ensuring public health safety further propel the usage of such disinfectants. However, the hazardous implications of the acid's extensive use affecting human health and the environment, along with strict regulations controlling the use and disposal of such substances, slow the market growth. Continuous efforts in research and development aimed at advancements in production technologies, coupled with greater accessibility to raw materials, is expected to create an opportunistic landscape for the market.

Grade: proliferations of 5-15% grade peracetic acid due to safety and efficiency
5% grade refers to the smallest concentration of peracetic acid typically used by customers looking for efficacy and affordability. It is characterized by a lower concentration of PAA that equates to a 5% mixture, usually diluted with water or other solvents. This concentration provides moderate antimicrobial effectiveness with safer handling properties typically used in medical environments for disinfection and sterilization of medical instruments and surfaces. The 5-15% grade peracetic acid suits industries that require a more potent concentration for robust sterilization requirements, including the food and beverage, agriculture, and water treatment industries. Falling between the smallest and highest concentrations of peracetic acid, the 5-15% grade offers a balance between safety and efficiency. While stronger than the 5% grade, the therapeutic risk remains relatively manageable. Peracetic acid with >15% grade class represents the highest concentration of peracetic acid. It exhibits a significantly higher degree of potency, correlated with higher risks and caution required in handling. Its disinfecting power is unmatched, making it ideal for heavy industrial applications where strong oxidizing and disinfectant properties are paramount, such as in the pulp and paper industry. Special safety precautions are necessary for its handling and usage.

End User: Increasing applications in food & beverage industry for food safety
Peracetic acid is predominantly used in the agricultural domain as a fungicide, bactericide, and algaecide. It aids in controlling a variety of microbial pathogens and promotes sustainable and increased crop productivity. Peracetic acid's disinfecting capabilities have driven its high demand in food and beverage industries for sanitizing food contact surfaces and equipment, ensuring food safety. PAA is widely used in the healthcare & medical industry as a high-level disinfectant for medical devices and surgical instruments for the prevention of microbial contamination. Peracetic acid is utilized in the pulp & paper industry for its bleaching properties, which contributes to producing higher quality and environmentally friendly paper products. In water treatment, PAA is used as an efficient disinfectant to treat wastewater, eliminating harmful bacteria and viruses.

Function: Increasing applicability of peracetic acid as disinfectant owing to its non-staining feature
Peracetic acid is majorly used as a disinfectant, eliminating a wide array of microorganisms. It's no-rinse, non-tainting, and non-staining features make it a preferable choice in industries such as food processing, dairy, and beverage production. Peracetic acid has potent sanitizing functions that are ideal for surface-level cleansing in breweries, wineries, and pharmaceutical companies. Peracetic acid-based sanitizers eradicate bacteria, mold, and fungi with fast efficacy and broad-spectrum activity. Apart from being a potent disinfectant and sanitizer, PAA is also applied as a sterilant. It is largely used for the sterilization of medical equipment and in water treatment processes due to its quick-kill and high oxidative characteristics.

Regional Insights:
The Americas region showcases the most progressive landscapes for peracetic acid owing to the strong focus on sanitization and food safety measures in the food & beverage industry. Moreover, the swift growth in wastewater treatment plants across North America has spiked the demand for peracetic acid due to its disinfectant properties. Further, numerous patent applications for optimizing the synthesis process of peracetic acid and its safe handling, along with increasing R&D funding in sanitation application of peracetic acid, signal promising growth potential in the region. In the EU region, many major economies reflect high consumption rates of peracetic acid due to stringent directives from the European Commission on health and sanitation. Further, increasing use of this compound in dairy, medical sector, and agriculture owing to its biocidal properties and for plant protection applications has established the growth prospect in the region. The MEA region is showing exponential growth due to the expanding food & beverage and healthcare sectors. Rapid urbanization and developing infrastructure have catalyzed the growth of various industries, thereby positively impacting the demand for peracetic acid. The APAC region depicts an opportunistic landscape in the face of burgeoning industries such as textiles, pulp & paper, and water treatment. With the surge in urbanization, the wastewater treatment sector in the APAC region is rapidly expanding. As peracetic acid is used extensively for water disinfection in wastewater treatment, this growth translates into increased demand for the compound. Further, regulatory norms by governmental bodies in the region encourage the use of non-toxic, eco-friendly disinfectants, which have further boosted the peracetic acid market.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Peracetic Acid Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Peracetic Acid Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Peracetic Acid Market, highlighting leading vendors and their innovative profiles. These include Acuro Organics Limited, Aditya Birla Chemicals, Airedale Group, BioSafe Systems, LLC, Biosan, Chemtex Speciality Limited, Christeyns NV, Diversey, Inc, Ecolab Inc., Enviro Tech Chemical Services, Inc. by Arxada AG, Evonik Industries AG, Evoqua Water Technologies LLC, Hydrite Chemical Co., Illinois Tool Works Inc., Jubilant Pharmova Limited, Kemira Oyj, KERSIA GROUP, Merck KGaA, Mitsubishi Gas Chemical Company Inc., Promox, Seeler Industries Inc., SEITZ GmbH, Solvay S.A., Stockmeier Holding GmbH, The Lubrizol Corporation, and Wego Chemical Group Inc.

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Market Segmentation & Coverage:

This research report categorizes the Peracetic Acid Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Function, market is studied across Disinfectant, Sanitizer, and Sterilant. The Disinfectant is projected to witness significant market share during forecast period.

Based on Grade, market is studied across 5% Grade, 5-15% Grade, and >15% Grade. The 5% Grade is projected to witness significant market share during forecast period.

Based on End User, market is studied across Agriculture, Food & Beverages, Healthcare, Medical, Pulp & Paper, and Water Treatment. The Food & Beverages is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.45% in 2022, followed by Europe, Middle East & Africa.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Peracetic Acid Market, by Function
7. Peracetic Acid Market, by Grade
8. Peracetic Acid Market, by End User
9. Americas Peracetic Acid Market
10. Asia-Pacific Peracetic Acid Market
11. Europe, Middle East & Africa Peracetic Acid Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Peracetic Acid Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Peracetic Acid Market?
3. What is the competitive strategic window for opportunities in the Peracetic Acid Market?
4. What are the technology trends and regulatory frameworks in the Peracetic Acid Market?
5. What is the market share of the leading vendors in the Peracetic Acid Market?
6. What modes and strategic moves are considered suitable for entering the Peracetic Acid Market?

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