As per Intent Market Research, the Peracetic Acid Market was valued at USD 928 million in 2023-e and will surpass USD 1,482 million by 2030; growing at a CAGR of 6.9% during 2024 - 2030.
The Peracetic Acid Market has been gaining substantial momentum due to its wide-ranging applications as a disinfectant, sterilizing agent, and oxidizing agent across various industries. Peracetic acid (PAA) is a colorless liquid that is a powerful antimicrobial agent, making it increasingly popular in sectors such as food processing, healthcare, and water treatment. . This growth is driven by rising hygiene standards, increased consumer awareness regarding food safety, and the need for effective water treatment solutions.
The versatility of peracetic acid in tackling a broad spectrum of microorganisms, including bacteria, viruses, and fungi, positions it as an indispensable solution in sanitation processes. As industries increasingly prioritize environmentally friendly and effective disinfection methods, the demand for peracetic acid is anticipated to rise, shaping the market's future trajectory.
Food & Beverage Segment is Largest Owing to Rising Demand for Hygiene and Food Safety
The Food & Beverage segment is the largest in the peracetic acid market, primarily driven by the increasing emphasis on hygiene and food safety standards across the food supply chain. PAA is widely utilized in food processing for the disinfection of equipment, surfaces, and even in the treatment of food products, ensuring that they are free from harmful pathogens. The stringent regulations imposed by food safety authorities globally have further propelled the adoption of peracetic acid as a reliable sanitizing agent.
Moreover, the growing consumer awareness about foodborne illnesses has created a significant demand for effective sanitizing agents in the food and beverage industry. As producers strive to maintain high standards of cleanliness and safety, the role of peracetic acid becomes increasingly vital. The rising consumption of processed and packaged foods also contributes to the growth of this segment, reinforcing the position of peracetic acid as an essential component in ensuring food safety.
Water Treatment Segment is Fastest Growing Owing to Increasing Need for Clean Water
The Water Treatment segment is recognized as the fastest-growing segment within the peracetic acid market, spurred by the increasing global demand for clean and safe water. As water pollution becomes a growing concern, municipalities and industries are seeking effective disinfectants that can eliminate contaminants in water supplies. Peracetic acid offers an efficient solution for treating drinking water, wastewater, and industrial effluents due to its strong oxidizing properties and ability to degrade organic pollutants.
Furthermore, the growing awareness of environmental sustainability and the need for eco-friendly alternatives to traditional chlorination methods are driving the adoption of peracetic acid in water treatment applications. As regulatory frameworks around water quality become more stringent, the demand for advanced treatment solutions like peracetic acid is expected to rise sharply. This shift towards sustainable practices in water management is positioning the water treatment segment as a key driver of growth in the peracetic acid market.
Healthcare Segment is Largest Owing to Stringent Sanitation Requirements
The Healthcare segment is significant within the peracetic acid market, largely due to the stringent sanitation requirements mandated in healthcare facilities. PAA is extensively used for sterilizing medical equipment, surfaces, and instruments, effectively eliminating pathogens that can cause healthcare-associated infections (HAIs). The ongoing global emphasis on infection control and prevention measures in hospitals and clinics is driving the demand for peracetic acid as a reliable sterilizing agent.
Moreover, the COVID-19 pandemic has heightened awareness of hygiene practices in healthcare settings, further solidifying the role of peracetic acid in infection prevention strategies. As healthcare providers continue to prioritize patient safety and implement rigorous disinfection protocols, the healthcare segment is expected to experience sustained growth. The versatility of peracetic acid in different applications, including surface disinfection and waste treatment, will enhance its adoption in the healthcare sector.
Asia-Pacific Region is Fastest Growing Owing to Rapid Industrialization and Urbanization
The Asia-Pacific region is projected to be the fastest-growing market for peracetic acid, fueled by rapid industrialization and urbanization in countries such as China, India, and Japan. The increasing focus on food safety, sanitation, and water quality in this region is creating substantial demand for effective disinfectants like peracetic acid. The expansion of the food processing industry and rising investments in water treatment infrastructure further contribute to the growth of the peracetic acid market in this region.
Additionally, the healthcare sector in Asia-Pacific is witnessing significant growth due to rising healthcare expenditures and increasing awareness of hygiene practices. As urban populations continue to grow and industrial activities expand, the need for robust sanitation solutions becomes critical. The regulatory landscape in several Asia-Pacific countries is also evolving to support the adoption of environmentally friendly disinfectants, enhancing the market prospects for peracetic acid.
Competitive Landscape and Leading Companies
The competitive landscape of the peracetic acid market is characterized by a mix of established players and emerging companies striving for market share through innovation and strategic partnerships. Leading companies are focusing on enhancing their production capabilities, optimizing formulations, and expanding their distribution networks to cater to the growing demand across various sectors.
Some of the top companies in the peracetic acid market include:
- Ecolab Inc.
- Solvay S.A.
- Peroxychem LLC
- Hydrite Chemical Co.
- Aditya Birla Chemicals
- Gujarat Alkalies and Chemicals Limited (GACL)
- Kemira Oyj
- Enviro Tech Chemical Services, Inc.
- SABIC (Saudi Basic Industries Corporation)
- BASF SE
These companies are leveraging their technological expertise and global reach to innovate and develop high-quality peracetic acid products. The ongoing developments in production processes, coupled with a strong focus on sustainability and compliance with regulatory standards, are crucial for maintaining a competitive edge. As the peracetic acid market continues to evolve, these leading players will play a pivotal role in shaping its future landscape, ensuring effective disinfection and sanitation solutions for diverse applications.
Report Objectives:
The report will help you answer some of the most critical questions in the Peracetic Acid Market. A few of them are as follows:
- What are the key drivers, restraints, opportunities, and challenges influencing the market growth?
- What are the prevailing technology trends in the Peracetic Acid market?
- What is the size of the Peracetic Acid market based on segments, sub-segments, and regions?
- What is the size of different market segments across key regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa?
- What are the market opportunities for stakeholders after analyzing key market trends?
- Who are the leading market players and what are their market share and core competencies?
- What is the degree of competition in the market and what are the key growth strategies adopted by leading players?
- What is the competitive landscape of the market, including market share analysis, revenue analysis, and a ranking of key players?
Report Scope:
Report Features |
Description |
Market Size (2023-e) |
USD 928 million |
Forecasted Value (2030) |
USD 1,482 million |
CAGR (2024-2030) |
6.9% |
Base Year for Estimation |
2023-e |
Historic Year |
2022 |
Forecast Period |
2024-2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Peracetic Acid Market By Grade (<5% Grade, 5%-15% Grade, >15% Grade), By Application (Sterilant, Disinfectant, Sanitizer), By End-use Industry (Food & Beverages, Healthcare, Water Treatment) |
Regional Analysis |
North America (US, Canada), Europe (Germany, France, UK, Spain, Italy & Rest of Europe), Asia Pacific (China, Japan, South Korea, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, & Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA) |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1.Introduction |
1.1.Market Definition |
1.2.Scope of the Study |
1.3.Research Assumptions |
1.4.Study Limitations |
2.Research Methodology |
2.1.Research Approach |
2.1.1.Top-Down Method |
2.1.2.Bottom-Up Method |
2.1.3.Factor Impact Analysis |
2.2.Insights & Data Collection Process |
2.2.1.Secondary Research |
2.2.2.Primary Research |
2.3.Data Mining Process |
2.3.1.Data Analysis |
2.3.2.Data Validation and Revalidation |
2.3.3.Data Triangulation |
3.Executive Summary |
3.1.Major Markets & Segments |
3.2.Highest Growing Regions and Respective Countries |
3.3.Impact of Growth Drivers & Inhibitors |
3.4.Regulatory Overview by Country |
4.Peracetic Acid Market, by Grade (Market Size & Forecast: USD Million, 2024 – 2030) |
4.1.<5% Grade |
4.2.5-15% Grade |
4.3.>15% Grade |
5.Peracetic Acid Market, by End-use Industry (Market Size & Forecast: USD Million, 2024 – 2030) |
5.1.Food & Beverages |
5.2.Water Treatment |
5.3.Healthcare |
5.4.Pulp & Paper |
5.5.Others |
6.Peracetic Acid Market, by Application (Market Size & Forecast: USD Million, 2024 – 2030) |
6.1.Sterilant |
6.2.Sanitizer |
6.3.Disinfectant |
6.4.Others |
7.Regional Analysis (Market Size & Forecast: USD Million, 2024 – 2030) |
7.1.Regional Overview |
7.2.North America |
7.2.1.Regional Trends & Growth Drivers |
7.2.2.Barriers & Challenges |
7.2.3.Opportunities |
7.2.4.Factor Impact Analysis |
7.2.5.Technology Trends |
7.2.6.North America Peracetic Acid Market, by Type |
7.2.7.North America Peracetic Acid Market, by End-use Industry |
7.2.8.North America Peracetic Acid Market, by Application |
*Similar segmentation will be provided at each regional level |
7.3.By Country |
7.3.1.US |
7.3.1.1.US Peracetic Acid Market, by Type |
7.3.1.2.US Peracetic Acid Market, by End-use Industry |
7.3.1.3.US Peracetic Acid Market, by Application |
7.3.2.Canada |
*Similar segmentation will be provided at each country level |
7.4.Europe |
7.5.APAC |
7.7.Latin America |
7.8.Middle East & Africa |
8.Competitive Landscape |
8.1.Overview of the Key Players |
8.2.Competitive Ecosystem |
8.2.1.Platform Manufacturers |
8.2.2.Subsystem Manufacturers |
8.2.3.Service Providers |
8.2.4.Software Providers |
8.3.Company Share Analysis |
8.4.Company Benchmarking Matrix |
8.4.1.Strategic Overview |
8.4.2.Product Innovations |
8.5.Start-up Ecosystem |
8.6.Strategic Competitive Insights/ Customer Imperatives |
8.7.ESG Matrix/ Sustainability Matrix |
8.8.Manufacturing Network |
8.8.1.Locations |
8.8.2.Supply Chain and Logistics |
8.8.3.Product Flexibility/Customization |
8.8.4.Digital Transformation and Connectivity |
8.8.5.Environmental and Regulatory Compliance |
8.9.Technology Readiness Level Matrix |
8.10.Technology Maturity Curve |
8.11.Buying Criteria |
9.Company Profiles |
9.1.Evonik |
9.1.1.Company Overview |
9.1.2.Company Financials |
9.1.3.Product/Service Portfolio |
9.1.4.Recent Developments |
9.1.5.IMR Analysis |
*Similar information will be provided for other companies |
9.2.Solvay |
9.3.Ecolab |
9.4.Mitsubishi Gas Chemical Company |
9.5.Seeler Industries |
9.6.Lubrizol |
9.7.Envirotech Chemical Services |
9.8.Kersia Group |
9.9.Jubilant Life Sciences |
9.10.National Peroxide Limited |
10.Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Peracetic Acid Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to major the impact of them on the Peracetic Acid Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Peracetic Acid ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Estimation
A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the Peracetic Acid market. These methods were also employed to estimate the size of various sub-segments within the market. The market size estimation methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.
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