Peracetic Acid Market Report, Size, Trends, Companies, Growth and Industry Analysis till 2028 | Aditya Birla Chemicals, Airedale Chemical Company, Diversey Inc.

IMARC Group, a leading market research company, has recently released a report titled "Peracetic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the peracetic acid market?

The global peracetic acid market size reached US$ 905.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,429.3 Million by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.

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Factors Affecting the Growth of the Peracetic Acid Industry:

Diverse Industrial Demand:

The peracetic acid market is primarily driven by its widespread demand across various industries due to its powerful disinfecting properties. In the food and beverage sector, it's used extensively for sanitation purposes to ensure food safety and prolong shelf life, addressing growing global concerns about food hygiene. The healthcare sector, especially post-COVID-19, has seen an increased use of peracetic acid for sterilization processes, underlining its importance in infection control. Additionally, its application in water treatment, due to its effectiveness in degrading pollutants without leaving harmful residues, aligns with global sustainability goals. This versatility in applications across sectors like agriculture, pulp and paper, and pharmaceuticals significantly contributes to the market growth of peracetic acid.

Regulatory Standards and Environmental Concerns:

Stringent regulatory standards and environmental concerns are major catalysts for the growth of the peracetic acid market. Governments and environmental agencies are increasingly implementing strict sanitation regulations, particularly in regions like Europe, to control pollution and ensure public health safety. These regulations often necessitate the use of eco-friendly and efficient disinfectants, making peracetic acid a preferred choice due to its biodegradable nature. This regulatory environment not only promotes the use of environmentally safe chemicals but also encourages industries to adopt sustainable practices. The emphasis on reducing environmental impact and meeting regulatory compliance is thus propelling the demand for peracetic acid, particularly in developed countries with more stringent environmental policies.

Technological Advancements in Production:

Technological advancements in the production of peracetic acid are a significant factor driving its market growth. Improved production methods have made the synthesis of peracetic acid more efficient and cost-effective, facilitating its accessibility for various industrial uses. These advancements are not just about reducing costs; they also enhance the quality and stability of peracetic acid, making it suitable for a broader range of applications. The development of innovative production techniques addresses previous challenges related to the handling and storage of peracetic acid, thereby expanding its market potential. As technology continues to evolve, it is likely to further streamline production processes, reduce environmental impact, and open new avenues for application, contributing to the sustained growth of the peracetic acid market.

Peracetic Acid Market Report Segmentation:

By Grade:

• Solution Grade
• Distilled Grade

Solution grade peracetic acid dominates the market due to its wide range of concentrations suitable for various industrial applications.

By Application:

• Disinfectant
• Sterilant
• Sanitizer
• Others

The disinfectant application leads the market, as peracetic acid is highly effective in eliminating microbes and is widely used in healthcare and water treatment.

By End-Use Industry:

• Healthcare
• Food & Beverage
• Water Treatment
• Pulp & Paper
• Others

The food & beverage industry is the largest end-use market for peracetic acid, owing to its extensive use as a sanitizer and disinfectant, ensuring food safety and shelf-life extension.

Regional Insights:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Europe represents the largest market for peracetic acid, driven by stringent regulatory standards for disinfection and sterilization, coupled with a strong presence in healthcare and food processing industries.

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Global Peracetic Acid Market Trends:

The growing demand for eco-friendly and effective sanitizing agents, particularly in the food and beverage industry represents one of the key factors influencing the growth of the peracetic acid market across the globe. This is further driving the adoption of peracetic acid due to its biodegradable nature and high efficacy in sterilization. Additionally, the healthcare sector is increasingly utilizing peracetic acid for its strong disinfectant properties, especially in response to heightened hygiene standards post the COVID-19 pandemic.

Technological advancements in production methods are leading to a more cost-effective and efficient synthesis of peracetic acid, making it more accessible for various applications. There's also a notable trend toward the use of peracetic acid in water treatment plants for its ability to degrade pollutants without leaving harmful residues, aligning with global efforts toward sustainable water management.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.