Pune, India, September 2023, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Peracetic Acid Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Peracetic Acid Market” that contains information from 2023 to 2030. The Global Peracetic Acid Market is estimated to register a CAGR of 7.7% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Peracetic Acid Market— Jubilant Life Sciences Ltd, Aditya Birla Chemicals, ACURO ORGANICS LIMITED, Hydrite Chemical, Solvay, Evonik Industries AG, Ecolab, and Enviro Tech Chemical Services Inc.
Peracetic Acid Market Highlights
The Global Peracetic Acid Market is accounted to register a CAGR of 7.7% during the forecast period and is estimated to reach USD 1.8 Billion by 2032.
The global peracetic acid market refers to the worldwide market for the chemical compound peracetic acid (PAA). Peracetic acid is a strong oxidizing agent and a powerful disinfectant that is commonly used in various industries for its antimicrobial properties and ability to effectively eliminate pathogens, bacteria, viruses, and fungi.
The market for peracetic acid is influenced by factors such as the demand for effective disinfectants, the increasing awareness of hygiene and food safety, stringent regulations related to water treatment and healthcare, and the expansion of various end-use industries.
Segment Analysis
The Global Peracetic Acid Market has been segmented based on application and end user.
On the basis of application, the market is segmented into Sterilizer, Disinfectant and Sanitizer. Disinfectant is the largest segment in the market. Disinfectant is expected to be responsible for the highest share of the peracetic acid market in the forecast period.
Based on end user, the market has been segmented into Healthcare, Food & Beverages, Water Treatment and Pulp & Paper. Food and beverage accounted for the highest share in this segment. The peracetic acid market will also see positive growth in the pulp and paper bleaching Industry as well. Increasing bleaching activities will push the market growth further.
Regional Analysis
The Global Peracetic Acid Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Peracetic Acid Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Peracetic Acid Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Peracetic Acid Market comprises of Middle East, Africa, and Latin America.
North America was one of the leading consumers of peracetic acid due to its well-established food and beverage industry, stringent regulations on food safety, and a strong healthcare sector. The United States, in particular, contributed significantly to the regional market due to its large industrial base and high demand for peracetic acid in various applications.
Europe was another significant market for peracetic acid, driven by the region's strict regulations on water treatment and food safety. Countries like Germany, the United Kingdom, France, and Italy were major consumers of peracetic acid, particularly in the food processing and healthcare industries.
The Asia-Pacific region witnessed substantial growth in the peracetic acid market due to rapid industrialization, urbanization, and an increasing emphasis on sanitation and water treatment. Countries like China and India showed robust demand for peracetic acid, mainly in the food and beverage, water treatment, and healthcare sectors.
Furthermore, the rest of the world's Global Peracetic Acid Market is divided into the Middle East, Africa, and Latin America. Latin America had a growing demand for peracetic acid, driven by the expansion of the food and beverage industry, increased focus on agriculture, and rising awareness of water treatment solutions.
Key Findings of the Study
- The Global Peracetic Acid Market is expected to reach USD 1.8 Billion by 2030, at a CAGR of 7.7% during the forecast period.
- Europe was another significant market for peracetic acid, driven by the region's strict regulations on water treatment and food safety. Countries like Germany, the United Kingdom, France, and Italy were major consumers of peracetic acid, particularly in the food processing and healthcare industries.
- Based on application, the market is segmented into Sterilizer, Disinfectant and Sanitizer to holding the largest market in 2022.
- Jubilant Life Sciences Ltd, Aditya Birla Chemicals, ACURO ORGANICS LIMITED, Hydrite Chemical, Solvay, Evonik Industries AG, Ecolab, and Enviro Tech Chemical Services Inc.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 140 |
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