Press release
Peracetic Acid Market to Observe Strong Development by 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:
Peracetic acid market is expected to witness significant growth over the forecast period owing to growing demand from food industry for disinfection of equipment surfaces. The increasing consumption of processed and packaged foods have heightened concerns over food safety and hygiene. Stringent regulations regarding processing standards and microbial limits have accelerated the demand for peracetic acid in food applications such as meat and poultry processing. Furthermore, shifting consumer preference toward organic and clean-label products has also augmented market revenue.
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Increased Demand for Water Treatment is Driving Growth in the Peracetic Acid Market
Peracetic acid is extensively used as a disinfectant and sanitizing agent in water treatment facilities. it is commonly utilized for wastewater disinfection and chemical oxidation of pollutants. Peracetic acid provides faster and more effective wastewater treatment as compared to traditional chlorine-based disinfectants. The growing concerns over water pollution and scarcity have enhanced investments in water treatment infrastructure across both industrial and municipal segments. Stringent regulations regarding wastewater discharge standards are also promoting the use of advanced water treatment technologies that utilize peracetic acid. These factors are augmenting the demand for peracetic acid from the water treatment industry.
Opportunities in the Disinfection of Industrial Water Systems
Peracetic acid is increasingly replacing conventional chemical disinfectants in various industrial water treatment applications. It demonstrates excellent microbicidal efficacy along with the advantages of stability, ease of use, and compatible with most water treatment equipment. Peracetic acid does not produce harmful disinfection by-products and degrades to become non-toxic after treatment. These merits have fueled its adoption in industries like mining, oil & gas, power, and manufacturing where large volumes of cooling and process water are treated on-site. Perforacetic acid manufacturers can further penetrate these end-use industries by conducting awareness programs highlighting the performance and economic benefits. They can also tie up with industrial water treatment equipment providers and solution providers to facilitate sell-through of peracetic acid. The opportunities for disinfecting industrial water systemsremain vast and could drive meaningful market revenue in the coming years.
Expanding Applications in Healthcare Sterilization willShape Future Demand
Peracetic acid is extensively used as a low-temperature sterilizer and high-level disinfectant in the healthcare industry. It has replaced ethylene oxide and glutaraldehyde-based chemicals to sterilize heat-sensitive medical devices. Peracetic acid provides faster sterilization at room temperature with remarkable efficacy against bacteria and spores. With the COVID-19 pandemic shedding light on the need for infection control, healthcare facilities are progressively adopting advanced sterilization protocols. This trend will stimulate increased demand for sterilizers and disinfectants like peracetic acid. In addition, continuous R&D is expanding the application scope of peracetic acid to new areas like sterilization of medical nonwovens, endoscopy equipment, and pharmaceutical water systems. The rising healthcare expenditures along with growing acceptance of peracetic acid are expected to
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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)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Peracetic Acid Market Competition Landscape by Players
Chapter 4: Assessment of Peracetic Acid Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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Peracetic Acid Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region.
The Report provide in-depth analysis and the best research material of the various market. This new report on the Global Peracetic Acid Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts.
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