Peracetic Acid Market Size, Share & Industry Analysis, By Application (Sterilizer, Disinfectant, Sanitizer, Other), By End-User (Healthcare, Food & Beverages, Water Treatment, Pulp & Paper, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104568 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Peracetic acid also called as peroxyacetic acid and abbreviated as PAA with chemical formula CH₃CO₃H. This organic peroxide has specific acrid odor reminiscent of acetic acid and is corrosive colorless liquid. Commercially it is prepared by autoxidation of the acetaldehyde. It can also be prepared by reacting acetic acid with hydrogen peroxide in presence of a strong acid catalyst. It is used as a fungicide or bactericide particularly for food processing applications.

Increasing use of PAA in manufacturing sanitizers, bleaching agents and disinfecting products from food & beverages, water treatment and healthcare applications is expected to drive the market growth. Additionally, emergence of new applications along with product concentration is likely to boost the market growth.

However, peracetic acid is a corrosive and flammable liquid. The liquid can cause severe eye and skin burns and can also cause acute toxicity. This is expected to limit the market growth.

Key Market Driver -

Increasing demand from food & beverage sector.

Key Market Restraint -

Flammable and corrosive nature.

Market Segmentation:

Based on application, the global peracetic acid market is segmented into sterilizer, disinfectant and sanitizer. Based on end-user, market is segmented into healthcare, food & beverages, water treatment, pulp & paper, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Peracetic Acid Market Key Players Covered:

The global peracetic acid market consists of global & regional players operating. Some of the key players in the market include Solvay, PeroxyChem LLC, Evonik Idustrries, Aditya Birla Chemicals, Promox, belinka, Perkemija, Kmira Ojy, and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Peracetic acid Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Peracetic Acid Market Analysis:

The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to lead the peracetic acid market in terms of value attributed to the strong presence of end-user industries. Asia Pacific is expected to be the fastest growing region in terms of volume due to the easy availability of raw materials and advanced technological advancements. North America is expected to show considerable growth due to increasing demand for sanitizers and disinfectants. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.

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Segmentation

ATTRIBUTE	DETAILS
By Application	Sterilizer Disinfectant Sanitizer Other
By End-User	Healthcare Food & Beverages Water Treatment Pulp & Paper Others
By Geography	North America (U.S., and Canada) Europe (Germany, UK, France, Italy, and Rest of Europe) Asia Pacific (China, India, Japan, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America) Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

Peracetic acid Industry Developments

In April 2020, Solvay received the approval to use Proxitane AHC against COVID-19. It is a concentrated liquid disinfectant composed of peracetic and hydrogen peroxide.

In January 2018, Enviro Tech Chemical Services completed the installation of the largest peracetic acid delivery and dosing system in United States. This has allowed the Metro Wastewater Reclamation District in Denver Colorado to disinfect wastewater effluent with Peragreen, a 15% WW PAA.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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