"Peracetic Acid Market – Industry Trends and Forecast to 2028
Global Peracetic Acid Market, By Product (Solution Grade, Distilled Grade), Application (Disinfectant, Sterilant, Sanitizer, Others), End-Use Industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The peracetic acid market is expected to witness market growth at a rate of 7.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on peracetic acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of peracetic acid market.
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Peracetic acid (C2H4O3), also called peroxyacetic acid, refers to an organic compound that is commonly used as a versatile antioxidizing agent and antimicrobial. The compound is widely utilized as an effective effective bactericide and fungicide. The acid is produced by the autoxidation of acetaldehyde and has a non-chlorinated by-product and non-corroding and non-foaming reactions.
**Segments**
- **Type**
Peracetic acid can be segmented based on type into equilibrium peracetic acid and non-equilibrium peracetic acid. Equilibrium peracetic acid is a stable compound produced by the reaction of acetic acid and hydrogen peroxide. On the other hand, non-equilibrium peracetic acid is a mixture of acetic acid, hydrogen peroxide, and water. Both types find applications in various industries such as healthcare, food and beverage, water treatment, and pulp and paper.
- **Application**
The market for peracetic acid can also be segmented by application, including disinfectant, sterilant, sanitizer, bleaching agent, and others. Peracetic acid's strong oxidative properties make it an effective disinfectant and sterilant, widely used in healthcare settings, food processing plants, and water treatment facilities. Additionally, its bleaching capabilities make it suitable for pulp and paper industries.
- **End-Use Industry**
Based on end-use industry, the peracetic acid market can be segmented into healthcare, food and beverage, water treatment, pulp and paper, and others. In the healthcare industry, peracetic acid is used for equipment sterilization and surface disinfection. In the food and beverage sector, it is used for sanitizing food processing equipment. Water treatment plants utilize peracetic acid for disinfection purposes, while the pulp and paper industry relies on it for bleaching operations.
**Market Players**
- **Evonik Industries AG**
Evonik Industries AG is a key player in the peracetic acid market, offering a range of high-quality peracetic acid products for various applications. The company focuses on innovation and sustainability, catering to the evolving needs of industries that rely on peracetic acid.
- **Solvay**
Solvay is another prominent player in the peracetic acid market, known for its advanced chemical solutions including peracetic acid. The company's commitment to research and developmentEvonik Industries AG and Solvay are two prominent players in the peracetic acid market, both contributing significantly to the industry's growth and development. Evonik Industries AG is known for its high-quality peracetic acid products tailored to meet the diverse application needs across various sectors. The company's focus on innovation and sustainability sets it apart in the market, as it continuously strives to enhance its product offerings to align with the evolving requirements of industries that heavily rely on peracetic acid for disinfection, sterilization, and bleaching purposes.
On the other hand, Solvay stands out as a key player in the peracetic acid market, leveraging its expertise in advanced chemical solutions to provide top-notch peracetic acid products to a wide range of industries. Solvay's commitment to research and development plays a crucial role in driving market advancements and ensuring that its offerings remain at the forefront of technological innovation. The company's dedication to exploring new insights and solutions for the peracetic acid market underscores its position as a leading player in the industry.
In terms of market dynamics, the peracetic acid market is witnessing robust growth driven by the increasing demand for effective disinfectants and sterilants across healthcare, food and beverage, water treatment, and pulp and paper industries. The unique properties of peracetic acid, such as strong oxidative capabilities and broad-spectrum antimicrobial activity, make it a preferred choice for various applications where hygiene and cleanliness are paramount.
The healthcare sector remains a key contributor to the peracetic acid market, with the use of peracetic acid for equipment sterilization and surface disinfection in hospitals, clinics, and other healthcare facilities. The food and beverage industry also presents significant opportunities for peracetic acid applications, particularly in sanitizing food processing equipment and maintaining food safety standards.
Water treatment plants rely on peracetic acid for its powerful disinfection properties, aiding in the removal of contaminants and pathogens from water sources. The pulp and paper industry,**Global Peracetic Acid Market Analysis**
- **Product**: The global peracetic acid market can be segmented by product into solution grade and distilled grade. Solution grade peracetic acid is widely utilized for disinfection and sterilization purposes due to its ready-to-use nature, while distilled grade peracetic acid is preferred in industries requiring higher concentration levels for specific applications.
- **Application**: Peracetic acid finds diverse applications, including as a disinfectant, sterilant, sanitizer, and others. The disinfectant segment dominates the market, driven by the increased focus on hygiene and sanitation across various industries. The sterilant application is also witnessing significant growth, especially in healthcare settings for ensuring equipment sterilization.
- **End-Use Industry**: The end-use industries for peracetic acid encompass healthcare, food & beverage, water treatment, pulp & paper, and others. Among these, the healthcare sector remains a prominent consumer of peracetic acid, given its critical role in infection control and sterilization processes. The food & beverage industry also leverages peracetic acid for equipment sanitization to maintain food safety standards.
The global peracetic acid market is experiencing substantial growth propelled by the escalating demand for potent disinfectants and sterilants across key industries. The unique oxidative properties and broad antimicrobial spectrum of peracetic acid make it a preferred choice for maintaining hygiene in critical environments. The healthcare sector, in particular, relies heavily on peracetic acid for effective sterilization practices
Table of Contents: Peracetic Acid Market
1 Introduction
2 Global Peracetic Acid Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Peracetic Acid Market, by Product Type
7 Peracetic Acid Market, by Modality
8 Peracetic Acid Market, by Type
9 Peracetic Acid Market, by Mode
10 Peracetic Acid Market, by End User
12 Peracetic Acid Market, by Geography
12 Peracetic Acid Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Objectives of the Report
- To carefully analyze and forecast the size of the Peracetic Acid market by value and volume.
- To estimate the market shares of major segments of the Peracetic Acid
- To showcase the development of the Peracetic Acid market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Peracetic Acid market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Peracetic Acid
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Peracetic Acid market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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