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Peracetic Acid Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
• The global Peracetic Acid Market size was valued at USD 0.12 billion in 2022 growing at a CAGR of 7.7% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Peracetic Acid Market size accounted for USD 0.12 Billion in 2022, growing at a CAGR of 7.7% from 2023 to 2033. Peracetic acid, also known as peroxyacetic acid or PAA. It is an organic peroxide and is often used as a disinfectant, sanitizer, and sterilant in various industries. The peracetic acid market refers to the global or regional market for this chemical compound. Peracetic acid is a powerful disinfectant and sterilant that is effective against a wide range of microorganisms, including bacteria, viruses, and fungi. It is used in a variety of industries, including healthcare, food processing, and water treatment.
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The market dynamics for peracetic acid can be influenced by factors such as regulatory requirements, advancements in technology, demand from end-user industries, and environmental considerations. The peracetic acid market was showing growth due to its effectiveness as a microbial control agent and its versatility in various applications.
Key Players
Some of the major Peracetic Acid Market players holding high market shares include Jubilant Life Sciences Ltd, Aditya Birla Chemicals, ACURO ORGANICS LIMITED, Hydrite Chemical and Solvay. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Ecolab, Enviro Tech Chemical Services Inc and MITSUBISHI GAS CHEMICAL COMPANY INC.
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Segmental Analysis
Based on Application, the Peracetic Acid Market is segmented into Sterilizer, Disinfectant, Sanitizer. Disinfectant is the largest segment in the market. It is highly used in the food sectors and pharmaceuticals sector for maintaining better hygiene. Disinfectant is expected to be responsible for the highest share of the peracetic acid market in the forecast period.
Based on End User, the Peracetic Acid Market is segmented into Healthcare, Food & Beverages, Water Treatment, Pulp & Paper. Food and beverage accounted for the highest share in this segment. The peracetic acid market will also see positive growth in the pulp and paper bleaching Industry as well. Increasing bleaching activities will push the market growth further.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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