Peracetic Acid Market Size to Reach USD 1,898.9 Million by 2032 growing at 8.1% CAGR - Exclusive Report by Acumen Research and Consulting

The Peracetic Acid Market, valued at USD 944.1 Million in 2023, is anticipated to surpass USD 1,898.9 Million by 2032, reflecting a projected CAGR of 8.1% The peracetic acid market is expanding rapidly because to its strong oxidative capabilities, which make it an extremely powerful disinfectant, sanitizer, and sterilant. Peracetic acid is widely utilized in industries such as healthcare, food and beverage, and water treatment due to its biocidal efficiency against bacteria, viruses, and fungi. The demand is especially great in food processing to assure hygiene, and in hospitals to sterilize medical equipment. Furthermore, its eco-friendliness, as it degrades into harmless byproducts like as water, oxygen, and acetic acid, is consistent with rising environmental standards. However, obstacles like as its unpredictability and the necessity for careful handling and storage limit its market appeal. North America dominates the market, owing to advanced healthcare infrastructure and strong hygiene laws, while Asia-Pacific is rising as a prominent region due to increased industrialization and food safety awareness. Overall, innovation in packaging and formulations are expected to drive the industry forward. Peracetic Acid Market Statistics The global peracetic acid market was valued at USD 944.1 million in 2023 The market is projected to increase at a stable annual pace of 8.1% from 2024-2032 North America accounts for 38% of the peracetic acid market Asia-Pacific is growing at a CAGR of 9% within the peracetic acid market The 5%-15% grade category has the largest earning peracetic acid market The peracetic acid market has seen significant revenue growth from food and beverage end use The peracetic acid market is experiencing a trend of rising interest in peracetic acid blends for customized industrial applications Download Sample Report Copy : https://www.acumenresearchandconsulting.com/request-sample/352 Peracetic Acid Market Dynamics Rising Demand for Food Safety and Hygiene Standards Drivers the Market The increased emphasis on food safety is a significant driver of the peracetic acid market. Global regulatory authorities, such as the FDA and the European Food Safety Authority, require strict cleanliness practices in all food production and processing facilities. This demand is being driven by increased consumer awareness of foodborne illnesses and contamination dangers. Peracetic acid, with its strong antibacterial capabilities, has emerged as a popular disinfectant for food industry equipment, surfaces, and even raw materials. Its residue-free disintegration into water and oxygen makes it suited for areas with stringent safety requirements. For example, the poultry and seafood industries are increasingly reliant on peracetic acid to control pathogens during processing. Furthermore, the COVID-19 epidemic increased the demand for hygiene in all sectors, driving adoption even further. With the worldwide food sector quickly expanding, particularly in developing countries, the demand for effective and environmentally friendly disinfection solutions is likely to fuel consistent market expansion. Expansion in Water Treatment Applications Offers Opportunities in the Peracetic Acid Market The water treatment sector represents a considerable potential opportunity for the peracetic acid market. As water scarcity and pollution become major global concerns, the demand for improved treatment options grows. Peracetic acid's broad-spectrum antibacterial capabilities make it ideal for cleaning wastewater, drinkable water, and cooling systems. Unlike chlorine-based disinfectants, peracetic acid does not produce hazardous byproducts such as trihalomethanes, which addresses growing environmental and health concerns. Municipalities and industrial facilities are increasingly using peracetic acid for wastewater treatment in order to comply with strict discharge rules. For example, European countries have used this technique to meet EU wastewater treatment regulations. Furthermore, the chemical's ability to act well across a wide range of pH values makes it appealing in a variety of water treatment applications. As governments and industry around the world engage in improving water infrastructure, particularly in developing nations, the demand for efficient and sustainable solutions such as peracetic acid is likely to increase dramatically. Shift toward Bio-Based and Sustainable Chemicals is the Market Trend Bio-based and sustainable chemicals are becoming increasingly popular in the peracetic acid sector. With growing worries about environmental deterioration and the carbon impact of old chemical processes, industry is turning to greener alternatives. Peracetic acid is compatible with this trend because it decomposes into non-toxic metabolites, lessening environmental effect. Companies are currently looking into revolutionary production methods that use bio-based acetic acid and hydrogen peroxide, which will help to improve the company's eco-friendliness. This trend is particularly evident in the food and beverage and healthcare industries, where regulatory and customer demands for environmentally friendly practices are at an all-time high. Leading manufacturers are spending in research and development to create formulations that are both effective and environmentally friendly. For example, agreements between chemical corporations and green technology companies have resulted in advanced peracetic acid products with increased stability and shelf life. This transition toward sustainability is projected to change market dynamics, creating possibilities for early adopters. Peracetic Acid Market Segmentation The worldwide peracetic acid market is divided into 4 segments: grade, application, end use, and regional markets Grade: >15% grade, 5%-15% grade, and <5% grade Application: disinfectant, sterilant, sanitizer, and others End Use: healthcare, water treatment, food and beverage, paper & pulp, and others Regional: the Middle East & Africa, Asia-Pacific, Europe, Latin America, and North America Peracetic Acid Market Regional Outlook Rapid industrialization, an expanding population, and a higher emphasis on hygiene and sanitation in industries such as food processing, healthcare, and water treatment are all important market drivers in Asia Pacific. North America, with its existing industries and emphasis on environmental sustainability, is likely to see constant market expansion. Despite its maturity, the European market is expected to steadily grow as a result of rigorous chemical regulations. Latin America is positioned for significant market growth as industrial activity increases and hygiene measures become more widely known. Peracetic Acid Market Players Peracetic acid companies profiled in the report includes Solvay, Evonik Industries AG, Enviro Tech Chemical Services, Inc., SEITZ GmbH, FMC Corporation, Aditya Birla Management Corporation Pvt. Ltd., Ecolab, Diversey, Inc., MITSUBISHI GAS CHEMICAL COMPANY, INC., and Kemira. Buy Now This Report: https://www.acumenresearchandconsulting.com/buy-now/0/352 Parameter Details Size in 2023 USD 944.1 Million Forecast by 2032 USD 1,898.9 Million CAGR During 2023 - 2032 8.1 % Largest Region Size (2023) North America  – USD 358.8 Million Fastest Growing Region (% CAGR) Asia-Pacific – 9 % Key Players Covered 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. 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