Future Scope of Peroxyacetic Acid Market is Witness to Grow High CAGR till 2027

Peroxyacetic acid is also known as peracetic acid or PAA, is an organic compound having a formula of CH3CO3H which is a colorless and highly acidic liquid. In the manufacturing process of peroxyacetic acid acetic acid and hydrogen peroxide are used as principal constituent. Compared to parent acetic acid peroxyacetic acid is weaker acid.

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Disinfectants are one of the major types of peroxyacetic acid which plays a major role in preventing and destroying infectious bacteria and fungus from food. Over the years, it has been experienced that the demand for packed food, frozen food and preservative food have increased, hence it has created a major scope for the peroxyacetic acid market for disinfectants to cover the global market. Europe has accounted the largest market for disinfectants due to the major driving factors such as increasing demand for frozen and packaged food and increasing preference for purified water.

North America and Asia-Pacific holds the seconds and third position in global disinfectant market share for peroxyacetic acid. The demand for disinfectants has been increasing in these region due the driving factors such as increasing usage of peroxyacetic acid over other biocides, growing population and increasing demand for packaged food.

Market Research future through this report aims to provide understanding of the Global Peroxyacetic Acid Market for Disinfectant and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of global market.

Table of Content

List of Tables

Table 1 Global Disinfectant Market: By Region, 2014-2027 (Usd Million)

Table 2 Global Disinfectant Market: By Region, 2014-2027 (Kt)

Table 3 North America Disinfectant Market: By Country, 2014-2027 (Usd Million)

Table 4 North America Disinfectant Market: By Country, 2014-2027 (Kt)

Table 5 Europe Disinfectant Market: By Country, 2014-2027 (Usd Million)

Table 6 Europe Disinfectant Market: By Country, 2014-2027 (Kt)

Table 7 Asia-Pacific Disinfectant Market, 2015 (Usd Million)

Table 8 Asia-Pacific Disinfectant Market: By Country, 2014-2027 (Usd Million)

Table 9 Asia-Pacific Disinfectant Market: By Country, 2014-2027 (Kt)

List Of Figures

Figure 1 Global Disinfectant Market Share For Peroxyacetic Acid: By Regions, 2015 (% Share)

Figure 2 Global Disinfectant Market: By Region, 2015 (Usd Million)

Figure 3 North America Disinfectant Market Share For Peroxyacetic Acid: By Region, 2015 (% Share)

Figure 4 North America Disinfectant Market, 2015 (Usd Million)

Figure 5 Europe Disinfectant Market Share For Peroxyacetic Acid: By Regions, 2015 (% Share)

Figure 6 Europe Disinfectant Market, 2015 (Usd Million)

Figure 7 Asia-Pacific Disinfectant Market Share For Peroxyacetic Acid: By Region, 2015 (% Share)

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Peroxyacetic acid which is also known as peracetic acid or PAA, is an organic compound having a formula of CH3CO3H. It is a colorless and highly acidic liquid. The chemical is commercially sold in its refined structure, distilled or as a 1-50% solution containing hydrogen peroxide acidic acid and water. Peroxyacetic acid is considered as the most grounded oxidizing agent with a scope of types including sanitization, disinfection, bleaching and sterilization. During all the aforementioned types, peroxyacetic acid mostly decomposes to the environment and does not leave any unsafe build-up. Such flexible properties stimulates its use over other alternatives in all the types.

The global demand of peroxyacetic has been rising over the past few years. The growing application industries, increasing demand of food and emerging economies have accelerated the demand of peroxyacetic acid market. MRFR has segmented peroxyacetic acid market by type into disinfectant, sanitizer, and sterilant. Among these type, disinfectant market has witnessed the largest market share in terms of volume, followed by sanitizer and sterilant. The global peroxyacetic acid market volume by type is expected to grow at a CAGR of 7.11% during the forecast period.

The global peroxyacetic acid market is slated to be a very dynamic market and is expected to witness a high growth in coming five years. The demand of peroxyacetic acid is poised to be driven by growing food demand, rising population and rising preference for clean water. Furthermore, increasing demand for packaged food will propelled the demand of peroxyacetic acid. Moreover, citing the environmental friendly characteristics of peroxyacetic acid, the governments across the globe are also providing funds and grants for developing new and advanced technology for peroxyacetic acid. However, fluctuating raw material prices and lack of product knowledge are some factors which can hinder the growth of the market up to some extent.

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