The peracetic acid market is poised for significant growth over the next seven years, driven by its increasing adoption as a broad-spectrum disinfectant and sanitizer across various industries. The market's environmentally friendly nature, coupled with its effectiveness against a wide range of microorganisms, positions it as a key player in maintaining hygiene and sanitation standards globally. This report provides an in-depth analysis of the market trends, drivers, challenges, and future projections from 2025 to 2032.
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Peracetic acid (PAA) is a powerful oxidizing agent composed of hydrogen peroxide and acetic acid. It is widely used in industries such as food processing, healthcare, water treatment, and pulp and paper manufacturing due to its strong antimicrobial properties and eco-friendly profile. The global peracetic acid market was valued at approximately USD 1.0 billion in 2023 and is projected to grow at a Compound Annual Growth Rate (CAGR) of about 7.4% to 7.76% over the forecast period, depending on the source, reaching between USD 1.4 billion and USD 1.923 billion by 2028 to 2032.
Increasing Demand for Effective Disinfection Solutions: The rising awareness of food safety and hygiene standards, particularly in the food processing and healthcare sectors, is driving the demand for peracetic acid.
Expanding Use in Water Treatment: The growing adoption of PAA in water treatment applications due to its efficiency and environmental sustainability is a significant market driver.
Sustainability and Eco-Friendliness: Peracetic acid's biodegradable nature, decomposing into harmless byproducts, makes it an attractive alternative to other disinfectants, aligning with global sustainability goals.
Higher Cost Compared to Substitutes: The higher cost of peracetic acid compared to alternatives like hydrogen peroxide may limit its adoption in some sectors.
Corrosive Nature: Despite advancements in formulations, the corrosive nature of PAA remains a concern, necessitating safer handling and storage practices.
By Grade: The market is segmented into less than 5%, 5%-15%, and greater than 15% grades, with distilled PAA being a leading segment due to its purity and effectiveness.
By Application: Peracetic acid is used as a disinfectant, sterilant, sanitizer, and in other applications, with its role as a sanitizer being particularly prominent in food processing.
By End-Use Industry: Key end-use industries include healthcare, food and beverage, water treatment, and pulp and paper, with the Asia-Pacific region being the largest market due to rapid industrialization and sanitation needs24.
Asia-Pacific: This region holds the largest market share, driven by rapid industrialization and increasing demand for sanitation and hygiene solutions in countries like China and India.
North America: Expected to witness significant growth due to expanding healthcare investments and growing public health expenditure.
Europe: The region's focus on environmental sustainability and strict regulations favor the use of peracetic acid in various applications.
The market is competitive with key players including SOPURA S.A, LENNTECH B.V., AIREDALE CHEMICAL COMPANY, CALIFORNIA SODA COMPANY, Ecolab Inc., EVONIK INDUSTRIES AG, SEELER INDUSTRIES INC, KEMIRA OYJ, ACURO ORGANICS LIMITED, MITSUBISHI GAS CHEMICAL COMPANY, Solvay, DIVERSEY INC., ENVIRO TECH CHEMICAL SERVICES, JUBILANT PHARMOVA LIMITED, and TANFAC INDUSTRIES Ltd. These companies are focusing on developing more concentrated and stable formulations to enhance product effectiveness and convenience.