Press release
Why Is Peracetic Acid Gaining Traction in Food Safety and Healthcare?
Peracetic Acid
Peracetic Acid Market size was valued at USD 1339.65 million in 2023 and is poised to grow from USD 1444.14 million in 2024 to USD 2633.66 million by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).
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The primary factor driving the growth of global peracetic acid market is the increasing demand for peracetic acid from the water treatment industry. Increasing demand for drinking water due to the increasing population and growing water scarcity concerns drive the market's growth. Rapid industrialization worldwide requires clean and treated water for consumption and maintains health. The explosion of the paper, textile, and other manufacturing industries in both developed and developing regions is expected to drive the growth of global market. Also, the growing awareness about peracetic acid is environmental friendly, which increases its demand worldwide. The increasing demand for medical industry products for sterilizing surgical instruments and other medical devices will drive the market expansion. The growing demand of peracetic acid in infection control and increasing government investment in the healthcare industry are the factors responsible for market growth. Peracetic acid is highly flammable liquid and corrosive in nature. The liquid can cause severe skin and eye infection and can cause toxicity. This factor is expected to hamper the Peracetic Acid Market growth.
Peracetic Acid Market Segments Analysis:
Global Peracetic Acid Market is segmented by Grade, Application, End-Use and region.
Based on Grade, the market is segmented into Solution Grade and Distilled Grade.
Based on Application, the market is segmented into Disinfectant, Sterilant, Sanitizer, Oxidizer and Other Applications.
Based on End-Use, the market is segmented into Healthcare, Food and Beverage, Water Treatment, Pulp and Paper, Chemicals and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Peracetic Acid Market Regional Insights:
On the basis of region, global peracetic acid market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia-Pacific region dominated the global market in 2022. The growing demand from various industries, such as water treatment, food, and healthcare, is increasing the demand for peracetic acid products. Rising foreign investment in the Asia Pacific market due to cheap labour and easy access to raw materials, this will boost the growth of the market. China is the largest food & beverage market in the Asia Pacific region with consumer spending on restaurants, cafes, etc. Also the increasing requirement for clean water in the region will boost the market for water treatment industry during the forecast period. According to US International Trade Commission report, countries like China and India by 2035 would consume the largest volume of water in municipal and domestic, industry and agriculture consumption thus increasing the demand for peracetic acid in wastewater treatment.
Top Players in Peracetic Acid Market:
Solvay S.A. (Belgium)
Evonik Industries AG (Germany)
Kemira Oyj (Finland)
Mitsubishi Gas Chemical Company, Inc. (Japan)
Ecolab Inc. (USA)
Enviro Tech Chemical Services, Inc. (USA)
PeroxyChem LLC (USA)
Airedale Chemical Company Limited (UK)
Diversey Holdings, Ltd. (USA)
SEITZ GmbH (Germany)
Loeffler Chemical Corporation (USA)
Hydrite Chemical Co. (USA)
Acuro Organics Limited (India)
Promox S.p.A. (Italy)
Christeyns NV (Belgium)
Solvay Chemicals International SA (Belgium)
Thai Peroxide Co., Ltd. (Thailand)
Helios Group (Slovenia)
Jubilant Life Sciences Limited (India)
Spartan Chemical Company, Inc. (USA)
Recent Developments:
In January 2024, Evonik, a world-leading peroxides producer, announced its full acquisition of the former joint venture, Thai Peroxide Company Limited (TPL), located in Saraburi, Thailand.
On 22 July 2022, Active Oxygen's business line of Evonik announced a new strategy aimed at expanding beneficial handprint and lowering environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. This strategy includes various steps to reduce carbon emissions and improve resource efficiency in the manufacturing of these chemicals to achieve climate neutrality across the business line by 2040.
In January 2022, Arxada - formerly Lonza Specialty Ingredients - acquired Enviro Tech Chemical Services, a US manufacturer of proprietary and high efficacy antimicrobial and biocidal products.
In December 2021, Arxada AG acquired Enviro Tech Chemical Services, Inc. Due to this acquisition, Arxada's portfolio presently includes ecologically sustainable offerings based on peracetic acid.
In August 2021, Solvay SA announced the launch of a new grade of peracetic acid called OxypureTM for the food and beverage industry. The product is designed to provide effective microbial control while minimizing chemical residues.
Peracetic Acid Key Market Trends:
Changing lifestyle of consumers with the increasing purchasing power of consumers across emerging as well as developed regions is expected to increases the market growth. The increasing number of working women with the growth in the urban populations is creating demand for processed food and improved quality water. Peracetic acid is widely used as a preservative in the meat, poultry and fisheries products.
Increasing application of peracetic acid in the personal care industry is another major trend in the market. Also, peracetic acid is an effective and eco-friendly biocide extensively used in the agriculture industry. Also, it is used to clean the drip line and disinfectant the agricultural tool, and containers. Increasing harvesting crops with a peracetic acid is stimulating Peracetic Acid Market growth.
Significant growth in the agriculture industry is one of the key trend for the growth of the market. Peracetic acid is used in preventing and controlling bacterial and fungal growth in the soil and on crops. So it is extensively utilized in the agricultural industry.
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Looking ahead, the Peracetic Acid Market is poised for continued growth, driven by evolving consumer preferences and ongoing innovations. The trend towards sustainability is expected to strengthen, with more consumers seeking products that align with their values. Additionally, the integration of advanced technologies and digital platforms will likely further enhance market accessibility and consumer engagement. The global Peracetic Acid Market is a dynamic and evolving landscape, shaped by a confluence of trends and factors.
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The Global…
