Healthcare and Food Sectors Propel Peracetic Acid Market Growth Worldwide

Peracetic Acid Market Poised to Reach USD 1.68 Billion by 2031, Driven by Rising Demand in Food Safety and Water Treatment Applications

The global Peracetic Acid Market is on a robust growth trajectory, projected to expand from USD 939.34 Mn in 2023 to approximately USD 1826.16 Mn by 2030, registering a compound annual growth rate (CAGR) of 9.2% during the forecast period. 

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Market Definition and Overview

Peracetic acid (CH₃CO₃H), also known as peroxyacetic acid, is a potent oxidizing agent widely recognized for its antimicrobial properties. This colorless liquid, characterized by a sharp, acrid odor, is highly soluble in water and is commonly utilized as a disinfectant, sterilant, and sanitizer across various industries. Its efficacy in eliminating a broad spectrum of microorganisms, including bacteria, viruses, and fungi, makes it an indispensable component in applications requiring stringent hygiene standards.

Market Growth Drivers and Opportunities

Several factors are propelling the growth of the peracetic acid market:

1. Stringent Regulatory Standards: Governments and regulatory bodies worldwide are enforcing rigorous standards for sanitation and disinfection, particularly in the food processing and healthcare sectors. Peracetic acid's effectiveness as a disinfectant aligns with these requirements, driving its adoption.

2. Rising Demand for Clean Water: The escalating need for safe and potable water, coupled with increasing awareness about waterborne diseases, is boosting the use of peracetic acid in water treatment facilities. Its ability to effectively disinfect without leaving harmful residues makes it a preferred choice.

3. Growth in the Food & Beverage Industry: The expanding global population and changing dietary habits are intensifying the demand for processed and packaged foods. Peracetic acid is extensively used in the food industry for sterilizing equipment and surfaces, ensuring food safety and extending shelf life.

4. Environmental Considerations: As industries seek sustainable and eco-friendly solutions, peracetic acid's biodegradable nature and minimal environmental impact position it as an attractive alternative to traditional disinfectants.

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Segmentation Analysis

The peracetic acid market is segmented based on application, end-use industry, and geography:

• By Application:

  • Disinfectants: Peracetic acid is widely used as a disinfectant in healthcare and food processing facilities due to its broad-spectrum antimicrobial activity.

  • Sterilants: Its efficacy in sterilizing medical equipment and surgical instruments makes it vital in healthcare settings.

  • Sanitizers: Employed in various industries for surface sanitation, ensuring hygiene and safety.

  • Others: Includes applications in agriculture and other sectors where microbial control is essential.

• By End-Use Industry:

  • Food & Beverage: Dominates the market due to the critical need for hygiene and sanitation in food processing and packaging.

  • Healthcare: Utilized for sterilizing medical equipment and maintaining aseptic conditions.

  • Water Treatment: Applied in municipal and industrial water treatment plants to eliminate pathogens.

  • Pulp & Paper: Used for bleaching and disinfecting purposes in paper manufacturing.

  • Others: Encompasses agriculture, pharmaceuticals, and other industries requiring microbial control.

Country-Level Analysis

• United States: The U.S. peracetic acid market is experiencing significant growth, driven by stringent FDA regulations on food safety and a robust healthcare infrastructure. The country's emphasis on clean water initiatives further propels the demand for peracetic acid in water treatment applications.

• Germany: Germany leads the European market, attributed to its advanced food processing industry and strict environmental regulations. The country's focus on sustainable and eco-friendly solutions aligns with the use of peracetic acid in various applications.

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Competitive Landscape

The peracetic acid market is characterized by the presence of several key players focusing on research and development to introduce advanced and sustainable chemical solutions. Notable companies include:

• Solvay (Belgium)

• Evonik Industries AG (Germany)

• Ecolab Inc. (USA)

• PeroxyChem LLC (USA)

• Aditya Birla Chemicals (India)

• Jubilant Life Sciences Ltd. (India

These companies are investing in sustainable practices and technological advancements to meet the evolving demands of various industries.

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