Peracetic Acid Market to Surpass $1.78 Billion by 2029 | Key Trends & Insights

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How Will the Peracetic Acid Market Grow by 2025 in Terms of Size and Growth?
The size of the peracetic acid market has expanded considerably in the past few years. The projections show that it would increase from $1.13 billion in 2024 to $1.23 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The previous growth can be tied to the expanding meat production industry, a surge in demand from the food and beverage sector, broad acceptance of peracetic acid in agriculture, increasing preference for effective water treatment solutions, and the need for top-quality biocide products.

What Are the Estimated Growth Rates for the Peracetic Acid Industry Through 2029?
Anticipations are high for the peracetic acid market to experience substantial growth in the upcoming years. The market is projected to reach a worth of $1.78 billion by 2029, with a compound annual growth rate (CAGR) of 9.5%. The projected expansion during the forecast period can be associated with the increasing utilization of peracetic acid in the pharmaceutical sector, a heightened demand for superior quality paper products, the need for clean drinking water, a rise in health care spending, and a growing worldwide population. Notable trends for this period involve advanced infrastructure, incorporation of sophisticated reactors, streamlined production methods, bio-based manufacturing, and the introduction of innovative heterogeneous catalysts.

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What Are the Strategic Drivers Boosting Peracetic Acid Market Performance?
The peracetic acid market is set to expand, fueled by the increasing need for potable water. Urbanization, demographic expansion, industrial development, heightened agricultural demands, and the effect of climate change on water bodies are all factors contributing to the rising demand for water, intensifying the competition over scarce freshwater resources. Peracetic acid plays a vital role in providing safe drinking water as it effectively eliminates pathogens without leaving any harmful residues or byproducts, thereby contributing to both water safety and environmental sustainability. For example, UNESCO, a specialized agency based in France, published a report in February 2024 stating that as of 2022, there were still 2.2 billion people in need of access to safely managed drinking water. The report further states that 4/5th of those lacking basic drinking water services were inhabitants of rural areas. As a result, the peracetic acid market is being propelled by the growing requirement for safe drinking water.

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What Are the Segments in the Peracetic Acid Market?
The peracetic acid market covered in this report is segmented -

1) By Grade: Solution Grade, Distilled Grade
2) By Application: Disinfectant, Sterilant, Sanitizer, Other Applications
3) By End-Use: Healthcare, Food And Beverage, Water Treatment, Pulp And Paper, Other End-Users

Subsegments:
1) By Solution Grade: 5-15% Peracetic Acid Solution, 15-30% Peracetic Acid Solution, 30-35% Peracetic Acid Solution, Low-Concentration Peracetic Acid Solution
2) By Distilled Grade: High Purity Peracetic Acid, Analytical Grade Peracetic Acid, Industrial-Grade Distilled Peracetic Acid

What Are the Key Adoption Trends in the Peracetic Acid Market?
Major players in the peracetic acid market are concentrating on creating ground-breaking products such as recirculating aquaculture systems (RAS) and biocide to boost production efficiency. RAS is an eco-friendly way of fish farming that recycles water to sustain ideal quality, while also lowering the environmental footprint. This method supports high-density fish farming and water preservation. Biocides are chemical agents employed to control or eradicate harmful organisms such as bacteria, fungi, viruses, and pests, and are used in different applications like disinfection, pest control, and water treatment. For example, in May 2023, VIGOROX Trident was introduced by Evonik with the purpose to effectively diminish fish pathogens in RAS and ponds, even in proximity with fish. The primary objective is to provide a proficient solution for managing water quality and mitigating waterborne fish pathogens in aquaculture.

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Which Companies Lead the Competitive Landscape of the Peracetic Acid Industry?
Major companies operating in the peracetic acid market are Brenntag AG, Evonik Industries AG, Ecolab Inc., Univar Solutions Inc., Solvay S.A., FMC Corporation, Mitsubishi Gas Chemical Co Inc., Steris Corporation, Kemira Chemicals, Hawkins Inc., Hydrite Chemical Co., Christeyns NV, PeroxyChem LLC, Spectrum Chemical Manufacturing Corp., Airedale Chemical Company, Seeler Industries Inc, Chemtex Speciality Ltd., Acuro Organics Limited, Promox S.p.A., A. B. Enterprises, Evans Chem India Pvt. Ltd.

Where Are the Key Peracetic Acid Market Opportunities by Region?
North America was the largest region in the peracetic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peracetic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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