Press release
Peracetic Acid Market is Expanding Rapidly with Promising Growth Prospects 2024 - 2031 | Kemira Oyj, Solvay S.A., Promox S.p.A.
Peracetic Acid Market
The global peracetic acid market is estimated to be valued at USD 1,093.1 Mn in 2024 and is expected to reach USD 1,849.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
Market Dynamics:
The peracetic acid market is expected to grow at a significant rate owing to increasing demand from water treatment applications. Peracetic acid is widely used as a disinfectant in various water treatment processes such as wastewater treatment, potable water disinfection, and cooling tower biocide. It provides an effective and environment-friendly solution for disinfecting aquatic environments. According to the UN, over 3 billion people currently experience severe water scarcity for at least 1 month per year. Thus, with growing global population and rising freshwater scarcity, the demand for efficient water treatment processes is increasing, which is expected to propel the peracetic acid market growth over the forecast period. Furthermore, rising awareness regarding health and environmental safety associated with peracetic acid is also contributing to the market growth.
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Major Drivers For Increasing Demand of Peracetic Acid in Disinfectants Industry
The rising demand for disinfection due to the coronavirus pandemic is fueling the growth of the peracetic acid market. Peracetic acid is extremely effective in eliminating microorganisms like viruses, bacteria, and fungi. With health and hygiene taking precedence, peracetic acid is being increasingly used in surface disinfectants, medical device sterilants, hard surface disinfectants, and other disinfection applications. Manufacturers are also launching new peracetic acid-based disinfectants formulated specifically to combat SARS-CoV-2 virus.
Major Opportunity for Peracetic Acid Suppliers
Increased application of peracetic acid in food processing industry presents a lucrative opportunity. Stringent food safety regulations and rising demand for minimally processed and organic foods are encouraging food companies to use peracetic acid-based sanitizers and disinfectants. Peracetic acid reduces microbial contamination while being least harmful for use directly on food-contact surfaces. It helps extend the shelf-life of food products. Its adoption is growing across meat, poultry, fish processing facilities and companies manufacturing fresh produce, dairy, and packaged foods. Companies are investing in R&D to develop effective and safe application techniques.
Major Trend In Peracetic Acid Market
Growing preference for green and sustainable chemicals is one of the key trends revolutionizing the peracetic acid industry. Peracetic acid breaks down to non-toxic by-products and causes negligible environmental pollution. It has emerged as a viable replacement for hazardous chemicals. Industry is witnessing a gradual shift towards using clean, green and sustainable chemicals to meet consumer demand for eco-friendly products. Manufacturers are focusing on investing in renewable production processes. They are also exploring new application areas for peracetic acid like industrial wastewater treatment to capitalize on the trend.
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Top Companies Featured in This Report:
★ Kemira Oyj
★ Solvay S.A.
★ Promox S.p.A.
★ Evonik Industries
★ Ecolab Inc.
★ Thai Peroxide Limited
★ Mitsubishi Gas Chemical Company Inc.
★ PeroxyChem LLC
★ Diversey Inc.
★ Aditya Birla Chemicals Ltd.
★ Christeyns NV
★ Acuro Organics Limited
★ RX CHEMICALS
★ Swiss Chemi Pvt. Ltd
★ Brainerd Chemical Company
Market Segmentation:
By Product Type:
★ By Grade: Less than 5% Grade , 5-15% Grade , and Greater than 15% Grade
★ By End User: Food and Beverages , Pulp and Paper Bleaching , Water Treatment , Healthcare , Agriculture , and Others
By Applications:
★ By Application : Disinfectant , Sterilant , Sanitizer , and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Peracetic Acid Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Peracetic Acid market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Peracetic Acid market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Peracetic Acid market.
Segment Analysis: Examining the market value and sales volume of Peracetic Acid by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Peracetic Acid market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Peracetic Acid sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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Peracetic Acid Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
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