Press release
Peracetic Acid Market Growth Driven by Demand from Food Processing and Water Treatment Industries
Peracetic Acid (PAA) Market
Market Drivers
PAA is widely utilized across various high-tech industries, including food and beverage (F&B), healthcare, agriculture, and water treatment. The food processing sector, in particular, is seeing rapid growth in the use of PAA as a processing aid for disinfecting surfaces, equipment, and utensils. The increasing demand for disinfectants, especially in water treatment plants, is driving significant growth in this market.
With its exceptional antimicrobial properties, PAA is becoming an essential component in producing disinfecting agents. Manufacturers are witnessing increased orders, highlighting the importance of meeting the rising need for sanitizers. For instance, Enviro Tech Chemical Services launched PeraGuard, a dry PAA floor and equipment sanitizer designed to enhance cleanliness in environments prone to microorganism growth. Registered with the Environmental Protection Agency (EPA) for use in F&B facilities, PeraGuard is also effective in managing ammonia levels and odors on farms.
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Market Restraints
Despite its advantages, regulatory compliance poses a challenge to market growth. Stringent guidelines require careful handling, storage, transportation, and disposal of PAA, necessitating specialized training and equipment, which can increase operational costs. Companies must invest in personal protective gear and ventilation systems to maintain safe working environments. Failure to comply can result in severe penalties, creating a barrier for potential users and impacting overall market growth.
Market Segmentation Insights
The global PAA market is segmented into different types and grades. The distilled PAA segment dominates the market, driven by its widespread use in industries with stringent hygiene standards, such as healthcare and pharmaceuticals. Distilled PAA is soluble in various solvents, making it suitable for water treatment applications where long-lasting protection against microorganisms is essential.
In terms of grade, the 5% - 15% segment is expected to grow steadily. This grade offers effective disinfection capabilities for surfaces like equipment and tanks, appealing to manufacturers seeking economic and environmental benefits. Recent launches, such as Acuro Organics Limited's Acuro Peracetic Acid 15%, cater to the food industry, emphasizing applications in water sterilization and aseptic packaging.
When considering applications, the disinfectant segment is projected to maintain a significant market share. The effectiveness of PAA in disinfecting fruits and vegetables, coupled with its environmental friendliness, positions it as a preferred choice in the F&B and water treatment sectors. Its ability to eliminate harmful microorganisms swiftly further solidifies its role in disinfectant manufacturing.
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End-Use Insights
The water treatment segment is anticipated to see steady growth due to the increasing demand for PAA in enhancing drinking water quality. PAA's strong oxidizing and antimicrobial properties make it an ideal solution for improving sanitation in water supplies. Additionally, its compatibility with various materials and absence of chlorine enable precise disinfection, appealing to industries requiring eco-friendly solutions.
As the Peracetic Acid market continues to evolve, manufacturers are focusing on research and development to create tailored products that meet specific application needs. Government support is also fostering the adoption of disinfectants, contributing to the overall growth of the market.
Peracetic Acid Top Companies and Competitive Landscape
The global PAA market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective PAA.
Some of the major companies included in the global Peracetic Acid market report is:
Mitsubishi Gas Chemical Company
PeroxyChem
Aditya Birla Chemicals
Evonik Industries
Kemira
Ecolab
Solvay
SEITZ GmbH
Acuro Organics Limited
Hydrite Chemical
Airedale Chemical
Loeffler Chemical Corporation
Diversey Inc.
Enviro Speciality Chemical Pvt. Ltd.
Jubilant Life Sciences
Seeler Industries Inc.
National Peroxide Ltd.
Promax Industries
Thai Peroxide Limited
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Peracetic Acid Latest Industry Updates
On 9 May, 2023, Evonik received registration from the United States Environmental Protection Agency (EPA) for VIGOROX Trident PAA for use in Recirculating Aquaculture Systems (RAS) and pond feed. Manufactured by Evonik's Active Oxygens business, the biocide can reduce fish pathogens (bacteria and viruses) in water. VIGOROX Trident can be used in the presence of fish because it only breaks down into water, oxygen, and acetic acid.
On 18 August, 2020, Ecolab's Synergex sanitizers and disinfectants received the first approval from the U.S. Environmental Protection Agency (EPA) for effectiveness against biofilm, common Complex bacterial communities found on food contact surfaces. According to EPA, biofilms form when bacteria adhere to environmental surfaces, especially those with high humidity. Ecolab Synergex Sanitizer and Disinfectant is an EPA-registered PAA mixture sanitizer and disinfectant (No. 1677-250) that helps F&B manufacturers improve food safety, ensure quality, worker safety, and air quality.
Peracetic Acid Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global PAA market on the basis of type, grade, application, end-use, and region:
Type Outlook (Revenue, USD Million; 2019-2032)
Solution PAA
Distilled PAA
Grade Outlook (Revenue, USD Million; 2019-2032)
< 5% Grade
< 15% Grade
5% - 15% Grade
Application Outlook (Revenue, USD Million; 2019-2032)
Sterilant
Disinfectant
Sanitizer
Bleaching
Others
End-use Outlook (Revenue, USD Million,; 2019-2032)
Food & Beverage (F&B)
Healthcare
Agriculture
Water Treatment
Pulp and Paper
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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View Additional Related Reports:
Peracetic Acid (PAA) Market Size @ https://www.emergenresearch.com/industry-report/peracetic-acid-market/market-size
Peracetic Acid (PAA) Market Share @ https://www.emergenresearch.com/industry-report/peracetic-acid-market/market-share
Peracetic Acid (PAA) Market Trends @ https://www.emergenresearch.com/industry-report/peracetic-acid-market/market-trends
Peracetic Acid (PAA) Regional Market Demand @ https://www.emergenresearch.com/industry-report/peracetic-acid-market/regional-market-demand
Peracetic Acid (PAA) Market Analysis @ https://www.emergenresearch.com/industry-report/peracetic-acid-market/market-analysis
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