Become an IMR Panelist
IMR Logo

Peracetic Acid Market Size, Share, Growth & Forecast (2024-2032)

Peracetic Acid Market Global Industry Analysis and Forecast (2024-2032) By Concentration Level (Low Concentration (0???5%), Medium Concentration (5???15%), High Concentration (15% and above)), Form (Liquid, Solid), Application (Water Treatment, Food and Beverage, Healthcare, Pulp and Paper, Agriculture, Industrial Cleaning, Others), End-User Industry (Water Treatment, Food Processing, Healthcare and Sanitation, Agriculture, Chemical Manufacturing, Pulp and Paper, Others), and Region

  • Report ID : 20543
  • Category : Biotechnology
  • Format :Excel formatPDF formatWord format
Request Sample

Peracetic Acid Market Synopsis:

Peracetic Acid Market Size Was Valued at USD 1.3 Billion in 2023, and is Projected to Reach USD 2.6 Billion by 2032, Growing at a CAGR of 7.83% From 2024-2032.

Peracetic acid (PAA) is a clear organic liquid, it is a versatile disinfectant and sterilizing agent because of it has strong oxidation. Mostly employed in water purification, food processing, in health care and other industries because it has a proven efficiency in eliminating bacteria, viruses and fungi.

Peracetic acid is becoming the popular disinfectant because it is more environmental friendly and highly effective in most industries. Because of its exceptional power to remove microbes, it is very effective when it comes to disinfection and removal of bacteria on surfaces, equipments and even in water. The market is expanding due to increasing concerns about cleanliness, with the enhancement of legislation to disinfect and increasing demand in water treatment industry. It has expanded due to the use of in food processing, health care as well as in production of pharmaceutical products.

The use of peracetic acid in water treatment is one of the key essential drivers of the peracetic acid market owing to the threat posed by water borne diseases. The enhanced pollution of water resources and the need to guarantee water as a source of public health, make it impossible to do without peracetic acid in water treatment. Furthermore, increase in the requirement for sustainable solutions across different industries has also led to the adoption of peracetic acid as a safer chemical disinfectant than conventional disinfectants making products highly preferred in different applications.

Peracetic acid is also being used in the health and medical field and in the manufacture of pharmaceuticals hence the massive market for the product. It is useful in discouraging infections because it disinfected medical equipment, surfaces, as well as the facilities it is used in. Furthermore, the uses in food and beverage industry in packaging as well as the utilization in sanitization or preservation of the products has put a positive impact on the growth of the global market. Due to the heavy restrictions placed on the use of disinfectant products, companies are to turn to PAA as a more efficient and comparatively safe disinfectant.

Peracetic Acid Market Trend Analysis:

Increasing Demand for Eco-Friendly Disinfectants

  • Peracetic Acid market confronts a tremendous trend towards the green disinfectants such as peracetic acid. In particular, industries using large volumes of chemicals, food processing, and water treatment industries, have been switching to more environmentally friendly product such as peracetic acid. Due to its fast degradation into non-hazardous products, it is much sought-after by organizations that areCutting on their environment impacts. Also, this conversion of peracetic acid biodegradable and less risky chemicals is well correlated with the consumer’s choice for green-oriented brands,increasing the demand for peracetic acid.

  • Trend is most apparent in the food and the drinks industry, where clients are beginning to notice what goes into the preparation of the food they eat. For this reason, peracetic acid is the new popular option for many companies to guarantee safe food products and sustainability. The healthcare industry is also employing peracetic acid for cleaning and disinfection services because of the low emission of pollutants. It further emphasized that the increasing trend towards applying environment-friendly disinfectants should also foster continued growth in the peracetic acid market.

Expansion in Emerging Markets

  • Opportunities The rising trend in industrialization and enhanced concern over hygiene in the upcoming economies is viewed as a massive chance for peracetic acid market. Asia-Pacific, Latin America and Africa are the regions with the most growth in urban population, and hence there is a need to be protected from diseases caused by poor water quality and unkempt sanitation. Peracetic acid is also anticipated to gain from such trends since many industries in these areas are in the lookout for efficient, cheap, and green disinfectants. Even stricter requirements of water quality and food safety are being set by governments across the world, therefore fueling the need for products based on peracetic acid as well.

  • Increasing industrialization of textile, pulp and paper and agriculture industries in these states also presents a growth opportunity to peracetic acid. For instance, agricultural segment uses peracetic acid in water treatment and for pest control, and the textile segment for cleaning. Main factors that influence the growth of the peracetic acid market in emerging countries are growing awareness of peracetic acid as a safe, effective, and environmentally friendly disinfectant.

Peracetic Acid Market Segment Analysis:

Peracetic Acid Market is Segmented on the basis of Application, Form, Concentration, End User, and Region.

By Concentration, Low Concentration (0–5%) segment is expected to dominate the market during the forecast period

  • Low concentration peracetic acid (PAA) is widely adopted across various industries for its effectiveness as a general-purpose disinfectant and sanitizer. With its lower content of quaternary ammonium compounds (quats) compared to other hard surface disinfectants, it offers a safer alternative for routine cleaning operations, especially where extremely high antimicrobial performance is not essential. This makes it ideal for environments such as food processing facilities, where residue control and food safety are priorities.

  • The mild yet efficient nature of low concentration PAA ensures surfaces are cleaned without causing corrosion or harmful by-products. Its application in water treatment and surface sanitation highlights its versatility and cost-effectiveness. Due to its broad-spectrum antimicrobial properties and biodegradability, low concentration PAA has become a preferred choice for sustainable and regular disinfection needs in commercial and industrial settings.

By Application, Water Treatment segment expected to held the largest share

  • Peracetic acid finds a great application in water treatment because of its bactericidal qualities. It is also a standard solution for drinking water, wastewater management and water used for industrial purposes. Since it is a biocide peracetic acid is approved to remove bacteria viruses and other microorganisms thereby guaranteeing the safety of water supplies. It is also employed in swimming pool management as well as in water treatment facilities including desalination plants to provide safe water in the populated as well as the rural context. The most significant consumer of peracetic acid is the food and beverages industry. It is applied to clean equipment, works-surfaces and processing zones that aim to remove microorganisms which are usually found on food products. Peracetic acid is generally used, especially because of its P Chanel that it degrades into non-hazardous products that are safe for usage on food surfaces. It also used for sterilizing fruits, vegetables and poultry products that increases the safety of food and the period of storage. The constantly rising need for clean and hygienic production of food is likely to be the main growth driver for this segment.

  • Peracetic acid is widely applied in healthcare and pharma industries in sterilization of instruments and in cleaning the environment of a healthcare facility. Its capability to kill bacteria, virus, and spores makes it to be suitable for cleaning health facilities such as hospitals, clinics and laboratory. It is preferable used in pharmaceutical industry to clean production areas and production equipment to avoid contamination of drugs that are being prepared for the market. The appreciation of cleanliness has been on the rise in hospitals and related facilities, and this has pointed to greater uptake of peracetic acid.

Peracetic Acid Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • At present, North American continent contributes a large portion of the overall peracetic acid industry owing to the elevated standards for water purification and sanitation across the countries of the region. The U.S. and Canada have put down requirements that require industries like healthcare, food, manufacturing, and water treatment among others to use good disinfectants including Peracetic acid. Further, the emerging concern for the environmental sustainability in the region allied with the growing customer preference toward green solutions also played for the acceptance of peracetic acid. This is due to North America’s reliable industrial outlook as well as the regional’s transport and communication technological development that has put the region in a strategic position in the global market.

  • The market for peracetic acid in North America has experienced the following factors: The already developed health care sector in the region, the call for clean water to reduce incidences of illnesses, and the current production of green disinfectants. Peracetic acid is also consumed by the food and beverage processing industry in North America primarily due to the increasing importance of safe food handling. Furthermore, the rising level of knowledge regarding ecology of peracetic acid over the traditional reagents have made it popular in every industry in the region. Some of these factors include Which have placed North America at forefront of the global peracetic acid market.

Active Key Players in the Peracetic Acid Market:

  • Evonik Industries AG (Germany)
  • Solvay (Belgium)
  • PeroxyChem (USA)
  • AkzoNobel N.V. (Netherlands)
  • Enviro Tech Chemical Services, Inc. (USA)
  • Merck Group (Germany)
  • Weifang Longda Peroxide Co., Ltd. (China)
  • Kemira (Finland)
  • OxyChem (USA)
  • Lanxess AG (Germany)
  • Sigma-Aldrich (USA)
  • BASF SE (Germany)
  • Other Active Players

Key Industry Developments in the Peracetic Acid Market:

  • In August 2023, Spartan Chemical Company announced is new peracetic acid-based sanitizer for use in swimming pools and spas. The sanitizer is designed to kill bacteria, algae, and other microorganisms that can make swimming pools and spas unsafe.

Global Peracetic Acid Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.3 Billion

Forecast Period 2024-32 CAGR:

 7.83%

Market Size in 2032:

USD 2.6 Billion

Segments Covered:

By Concentration
  • Low Concentration (0–5%)
  • Medium Concentration (5–15%)
  • High Concentration (15% and above)

By Form
  • Liquid
  • Solid

By Application
  • Water Treatment
  • Food & Beverage Processing
  • Healthcare & Pharmaceuticals
  • Pulp & Paper
  • Agriculture
  • Textile Industry
  • Other

By End-User Industry
  • Water Treatment
  • Food Processing
  • Healthcare and Sanitation
  • Agriculture
  • Chemical Manufacturing
  • Pulp and Paper
  • Others

By Region
  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Growing Demand for Water Treatment Solutions

Key Market Restraints:
  • Cost and Availability of Raw Materials

Key Opportunities:
  • Expansion in Emerging Markets

Companies Covered in the report:
  • Evonik Industries AG (Germany), Solvay (Belgium), PeroxyChem (USA), AkzoNobel N.V. (Netherlands), Enviro Tech Chemical Services, Inc. (USA), and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Peracetic Acid Market research report?
The forecast period in the Peracetic Acid Market research report is 2024-2032.
Who are the key players in the Peracetic Acid Market?
Evonik Industries AG (Germany), Solvay (Belgium), PeroxyChem (USA), AkzoNobel N.V. (Netherlands), Enviro Tech Chemical Services, Inc. (USA), Merck Group (Germany), Weifang Longda Peroxide Co., Ltd. (China), Kemira (Finland), OxyChem (USA), Lanxess AG (Germany), Sigma-Aldrich (USA), BASF SE (Germany), and Other Active Players.
What are the segments of the Peracetic Acid Market?
The Peracetic Acid Market is segmented into Application, Form, Concentration, End User and region. By Application, the market is categorized into Water Treatment, Food and Beverage, Healthcare, Pulp and Paper, Agriculture, Industrial Cleaning, Others. By End-User Industry, the market is categorized into Water Treatment, Food Processing, Healthcare and Sanitation, Agriculture, Chemical Manufacturing, Pulp and Paper, Others. By Concentration Level, the market is categorized into Low Concentration, High Concentration. By Form, the market is categorized into Liquid, Solid. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Peracetic Acid Market?
Peracetic acid (PAA) is a clear organic liquid, it is a versatile disinfectant and sterilizing agent because of it has strong oxidation. Mostly employed in water purification, food processing, in health care and other industries because it has a proven efficiency in eliminating bacteria, viruses and fungi.
How big is the Peracetic Acid Market?
Peracetic Acid Market Size Was Valued at USD 1.3 Billion in 2023, and is Projected to Reach USD 2.6 Billion by 2032, Growing at a CAGR of 7.83% From 2024-2032.
Request Sample

Related Reports

Services Designed to Meet Your Priorities

Understand your customers' needs so can deliver better services and experiences.

Show more

Subscribe to our Newsletter

Stay in touch with us to get latest news and discount coupons.