Peracetic Acid Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global Peracetic Acid Market Size accounted for USD 944.1 Million in 2023 and is estimated to achieve a market size of USD 1,898.9 Million by 2032 growing at a CAGR of 8.1% from 2024 to 2032.

Peracetic Acid Market Highlights

• Global peracetic acid market revenue is poised to garner USD 1,898.9 million by 2032 with a CAGR of 8.1% from 2024 to 2032
• North America peracetic acid market value occupied around USD 358.8 million in 2023
• Asia-Pacific peracetic acid market growth will record a CAGR of more than 9% from 2024 to 2032
• Among grade, the tidal 5%-15% grade sub-segment generated more than USD 406 million revenue in 2023
• Based on application, the disinfectant sub-segment generated around 41% peracetic acid market share in 2023
• Development of safer and more stable formulations to address storage challenges is a popular peracetic acid market trend that fuels the industry demand

Peracetic acid, also known as peroxyacetic acid in the chemical industry, is an organic colorless liquid that has a pungent odor comparable to acetic acid. Peracetic acid is frequently employed as an antibacterial agent in a variety of domestic and industrial activities, including agriculture, food establishments, medical facility lavatories, pasteurizers in breweries, dairy processing plants, beverage plants, and wineries, among others. Peracetic acid is also frequently used as a disinfectant for medical supplies and to prevent biofilm formation in the pulp industry. Rising demand for peracetic acid, particularly in the food and beverage processing sectors, is expected to drive the global market during the forecast period.

Global Peracetic Acid Market Dynamics

Market Drivers

• Rising demand for environmentally friendly disinfectants in food and beverage processing
• Growing adoption in water treatment applications due to its effectiveness against microorganisms
• Expanding usage in healthcare for sterilization and infection control
• Increasing regulatory support for sustainable and biodegradable chemicals

Market Restraints

• High production costs compared to conventional disinfectants
• Safety concerns related to its handling and storage due to corrosive properties
• Limited shelf life reducing its usability for long-term applications

Market Opportunities

• Growing demand in emerging economies for advanced disinfection solutions
• Expanding applications in the agriculture sector for crop protection
• Rising interest in peracetic acid blends for customized industrial applications

Peracetic Acid Market Report Coverage

Peracetic Acid Market Insights

The peracetic acid market is mainly fueled by several crucial factors such as increasing application of peracetic acid in several allied end-use industries such as food and beverage processing industries. Peracetic acid got its first recognition from the United States Food and Drug Administration (FDA) as safe chemical and antimicrobial to protect food for a relatively longer time. Moreover, increasing demand for peracetic acid in several beverage processing applications is another major aspect acting as a leading growth driver in the global market. Nevertheless, the conventional applications of peracetic acid including healthcare, industrial cleaning disinfectants and personal care is growing, which in turn is accelerating the global peracetic acid market growth.

In addition, advancements in manufacturing technology coupled with increasing popularity of bio-based chemicals as well as development and introduction of innovative techniques developed for the employment of peracetic acid in several new applications in an array of wide range of products is anticipated to lay bright opportunities for the global peracetic acid market over the forecast period. Peracetic acid is widely being used in beverage, food, medical and pharmaceutical industries over the past few years. The oxidation potential of peracetic acid is relatively higher as compared to other disinfectants and hence it is being widely used in water and wastewater treatment across the globe.

Peracetic Acid Market Segmentation

The worldwide market for peracetic acid is split based on grade, application, end use, and geography.

Peracetic Acid Grades

• >15% Grade
• 5%-15% Grade
• <5% Grade

According to peracetic acid industry analysis, the market is divided by grade into three categories >15%, 5%-15%, and <5%. The 5%-15% grade group currently has the highest market share. This dominance is due to its adaptability and applicability for a wide range of applications across multiple industries. Peracetic acid at this concentration is commonly employed in the water treatment, food processing, and healthcare industries. Its effectiveness as a disinfectant and sanitizer, combined with its low environmental impact when compared to other chemical agents, accounts for its extensive use.

Peracetic Acid Applications

• Disinfectant
• Sterilant
• Sanitizer
• Others

The disinfectant category is expected to experience the most development in the market, owing to its broad-spectrum antibacterial capabilities and efficiency against bacteria, viruses, and fungus. Its widespread application in the healthcare, food and beverage, and water treatment industries drives up demand, since these businesses prioritize strict cleanliness and sanitation standards. Peracetic acid disinfectants are also gaining popularity due to their environmentally benign nature, as they breakdown into non-toxic byproducts such as water, oxygen, and acetic acid, making them a viable alternative. Additionally, the rising prevalence of infectious diseases, combined with a greater emphasis on infection control in hospitals and public spaces, drives the usage of peracetic acid-based disinfectants, ensuring their market dominance.

Peracetic Acid End Users

• Healthcare
• Water Treatment
• Food And Beverage
• Paper & Pulp
• Others

The food and beverage industry dominates the market due to its importance in ensuring food safety and hygiene. Its widespread use stems from its efficiency as a sanitizer and disinfectant in food processing facilities, equipment cleaning, and packaging procedures. Peracetic acid's ability to eradicate a wide spectrum of microorganisms while leaving no toxic residues makes it perfect for use in beverage production and dairy processing. Furthermore, increased consumer demand for safe, high-quality food goods, combined with tight food safety standards, has boosted its use in this industry. As manufacturers promote clean-label solutions and sustainable practices, peracetic acid's eco-friendly and biodegradable qualities make it even more appealing in the food and beverage business.

Peracetic Acid Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of LATAM

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Peracetic Acid Market Regional Analysis

North America occupies the leading spot due to the widespread use of peracetic acid in the healthcare, water treatment, and food processing industries. The FDA and EPA create stringent regulatory frameworks to encourage sanitation and hygiene, increasing demand in this region. The increasing use of enhanced disinfection procedures in healthcare facilities and municipal water treatment plants is driving growth in the market.

Europe closely follows, owing to its strong food and beverage industry and severe environmental standards. The European Union's emphasis on sustainability and environmentally friendly solutions promotes the use of biodegradable disinfectants like peracetic acid. Furthermore, the region's dedication to minimizing hospital-acquired infections (HAIs) promotes its use in healthcare facilities.

Asia-Pacific is expected to be the fastest growing region in the industry over the peracetic acid market forecast period, owing to increasing industrialization, population growth, and improved cleanliness. Peracetic acid is becoming increasingly popular for water treatment and food safety applications in China and India as a result of urbanization and severe regulations.

Peracetic Acid Market Players

Some of the top peracetic acid companies offered in our report include Evonik Industries AG, Solvay, Enviro Tech Chemical Services, Inc., FMC Corporation, SEITZ GmbH, Aditya Birla Management Corporation Pvt. Ltd., Diversey, Inc., Ecolab, MITSUBISHI GAS CHEMICAL COMPANY, INC., and Kemira.