Peracetic Acid Market Research Report 2023-2051

Peracetic Acid Market Valuation – 2024-2031

The Peracetic Acid Market is witnessing substantial growth due to the increasing demand for eco-friendly disinfectants and oxidizing agents across various industries. Peracetic acid, known for its potent antimicrobial properties and environmentally benign nature, is gaining traction as a viable alternative to traditional chemical disinfectants. The market, valued at around USD 0.91 Billion in 2023, is expected to surpass USD 1.68 Billion by 2031.

Growing health and environmental concerns over conventional disinfectants, along with strict regulations, are boosting the demand for peracetic acid across industries like food and beverage, water treatment, healthcare, and agriculture. This shift is driven by the increasing focus on sustainability and green chemistry, positioning peracetic acid as a biodegradable, eco-friendly alternative. Additionally, rising demand from the pulp and paper industry for bleaching and disinfection is also contributing to the market’s expansion. The rising demand for peracetic acid is enabling the market grow at a CAGR of 7.7% from 2024 to 2031.

Peracetic Acid Market: Definition/Overview

Peracetic acid, also known as peroxyacetic acid or PAA, is a potent oxidizing agent and disinfectant revered for its strong antimicrobial capabilities and minimal environmental footprint. This clear, colorless liquid, which is a mixture of acetic acid and hydrogen peroxide, is highly effective against a wide array of microorganisms, including bacteria, viruses, fungi and spores. Its rapid action, low toxicity and ability to decompose into non-harmful byproducts like water, acetic acid and oxygen make it an environmentally safe alternative to traditional disinfectants.

Peracetic acid is commonly used as a disinfectant, sanitizer and sterilant in the healthcare, food processing and water treatment industries. Its powerful oxidizing qualities make it effective against bacteria, viruses and fungi, resulting in high levels of sanitation.

Future applications of peracetic acid include advanced sterilization in healthcare, food safety and preservation, water treatment, environmental decontamination and green disinfectant alternatives in agriculture, all of which take advantage of its powerful oxidizing properties and environmentally friendly decomposition into non-toxic by-products.

Will Growing Awareness of Environmental Impact of Traditional Disinfectants Boost Adoption of Peracetic Acid?

The increasing awareness of the environmental impact of traditional disinfectants and the growing demand for sustainable alternatives are driving the adoption of peracetic acid across various industries. As concerns over the toxicity and harmful effects of conventional disinfectants on the environment and human health continue to rise, peracetic acid is gaining traction as an eco-friendly and effective solution.

Peracetic acid’s biodegradable nature and low toxicity profile make it an attractive choice for industries seeking to reduce their environmental footprint and comply with stringent regulations. The heightened focus on sustainability and green practices has led to a shift towards adopting peracetic acid for disinfection and sanitization purposes, particularly in sectors such as food and beverage processing, water treatment, healthcare and agriculture. Moreover, as consumers become more environmentally conscious, they are increasingly demanding products and services that align with sustainable practices. This consumer demand is putting pressure on companies to adopt eco-friendly solutions like peracetic acid, further fueling its adoption across various industries.

Will Handling and Storage Challenges Impede the Growth of The Peracetic Acid Market?

The handling and storage of peracetic acid pose significant challenges that could potentially impede the market’s growth. As a strong oxidizing agent, peracetic acid requires careful handling and appropriate storage measures to ensure safety and prevent potential hazards, which can increase operational costs and complexity for users. Peracetic acid solutions are inherently unstable and reactive, necessitating strict adherence to safety protocols during transportation, handling, and storage. Improper handling or exposure to incompatible materials can lead to decomposition, release of toxic fumes or even explosions, posing risks to personnel and facilities.

Moreover, the limited shelf life of peracetic acid solutions demands frequent replenishment and proper storage conditions, such as temperature control and protection from light exposure. Failure to maintain these conditions can result in decreased efficacy, degradation of the product and potential safety concerns. The need for specialized equipment, training, and safety measures for handling and storing peracetic acid can be a significant barrier, particularly for small and medium-sized enterprises or industries with limited resources. These additional costs and complexities may deter some potential users from adopting peracetic acid, opting instead for more conventional disinfectants or oxidizing agents with simpler handling requirements. While the benefits of peracetic acid’s eco-friendly nature and potent antimicrobial properties are attractive, addressing the handling and storage challenges through improved formulations, better training and enhanced safety protocols will be crucial for widespread adoption and market growth.

Category-Wise Acumens

How Will Food & Beverage Industry Drive the Demand for Peracetic Acid?

The food and beverage industry are expected to be a significant contributor to the growth of the Peracetic Acid Market. Stringent food safety regulations and the increasing demand for eco-friendly disinfectants and sanitizers are driving the adoption of peracetic acid in this sector. Peracetic acid is widely used for disinfecting and sanitizing food processing equipment, surfaces and packaging materials, ensuring compliance with food safety standards and minimizing the risk of contamination. Its broad antimicrobial activity against bacteria, viruses and fungi makes it an effective solution for maintaining hygiene and preventing foodborne illnesses.

Furthermore, peracetic acid is recognized as a safe and environmentally friendly alternative to traditional disinfectants, aligning with the food industry’s growing emphasis on sustainability and eco-friendly practices. Its biodegradable nature and low toxicity profile make it an attractive choice for food processors seeking to reduce their environmental impact. Additionally, the increasing consumer demand for safe and high-quality food products has led food manufacturers to implement rigorous sanitation protocols, further driving the adoption of peracetic acid as a reliable and effective disinfectant. In the water treatment sector, peracetic acid is used to effectively neutralize pathogens, reducing harmful byproducts. Healthcare facilities utilize it to sterilize equipment and surfaces, ensuring patient safety. In the pulp and paper industry, it serves as a bleaching agent, enhancing product quality while maintaining environmental sustainability. In agriculture, peracetic acid is applied for disinfecting irrigation systems and treating post-harvest crops, extending shelf life and ensuring food safety.

Is liquid phase process dominating the peracetic acid production?

The liquid phase process, involving the reaction between hydrogen peroxide and acetic acid with the aid of a catalyst, is poised to lead peracetic acid production due to its efficiency and cost-effectiveness. This method not only supports large-scale commercial production but also offers the flexibility to produce solutions with varied concentrations, meeting diverse industry needs. Its established presence in the market, backed by manufacturers’ deep expertise, ensures high yields and exceptional purity.

Moreover, the compatibility of the liquid phase process with existing infrastructure allows for seamless integration into current production facilities, further enhancing its appeal. Compared to other methods like the vapor phase process, it provides a safer and more environmentally friendly approach, minimizing the risks associated with handling gaseous reagents. Despite the benefits offered by alternative methods, the liquid phase process remains the preferred choice due to its proven effectiveness and adaptability in the Peracetic Acid Market. The Vapor Phase Process for producing peracetic acid involves gaseous reagents, presenting unique safety challenges but offering high purity output. Meanwhile, the Vacuum Air Oxidation Process allows for controlled oxidation conditions, enhancing reaction efficiency and product stability in peracetic acid production.

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Country/Region-wise Acumens

How Will North America Poised to Lead the Peracetic Acid Market?

North America, especially the United States, is poised to be a key player in the Peracetic Acid Market, driven by stringent food safety regulations that enforce rigorous sanitation practices in the food and beverage industry. The region’s advanced water treatment infrastructure further supports the adoption of peracetic acid, valued for its effectiveness and environmental safety in water disinfection. Additionally, the healthcare sector in North America demands high standards for disinfection and sterilization, making peracetic acid a preferred choice due to its strong antimicrobial properties and low toxicity.

The commitment to sustainability in North America, with initiatives promoting green chemistry and eco-friendly practices, particularly in the U.S. and Canada, enhances the demand for peracetic acid as a safer alternative to traditional chemicals. Moreover, the presence of leading market players, who are deeply involved in product innovation and distribution, solidifies the region’s dominance in the global market. Although Europe and Asia-Pacific are also expanding their markets, North America’s combination of stringent regulations, advanced technology and sustainability focus uniquely positions it as a leader in the peracetic acid industry.

Will Asia-Pacific Region Witness Significant Growth in the Peracetic Acid Market?

The Asia-Pacific region is poised for substantial growth in the Peracetic Acid Market, fueled by rapid industrialization and urbanization. This development is escalating the need for effective disinfection solutions in critical areas such as food and beverage processing, water treatment, and healthcare. Additionally, the increasing focus on sustainable practices in major economies like China, India, and Japan is driving the adoption of eco-friendly disinfectants like peracetic acid, which aligns well with regional environmental goals.

Compounding this demand is the expansion of the food and beverage industry in the region, spurred by population growth and rising consumer spending power. This sector’s strict food safety standards necessitate reliable sanitizing solutions, bolstering the use of peracetic acid. Moreover, water scarcity issues across the region underscore the need for efficient and environmentally benign water treatment technologies, further enhancing the appeal of peracetic acid. The presence of key market players, who are expanding their footprint to capitalize on these opportunities, supports robust market growth, despite potential hurdles like regulatory disparities and variable adoption rates across different countries.

Competitive Landscape

The competitive landscape of the Peracetic Acid Market is characterized by the presence of several established players as well as emerging companies. The market is driven by factors such as technological advancements, product innovation, and strategic partnerships aimed at enhancing product offerings and expanding market reach.

Some of the prominent players operating in the Peracetic Acid Market include:

Solvay, Evonik Industries, Kemira, Aditya Birla Chemicals, PeroxyChem, Mitsubishi Gas Chemical Company, Belinka Perkemija, Hydrite Chemical, Enviro Tech Chemical Services, Seitz,Ecolab, Swastik Gases, BioSafe Systems, Jennings

Latest Developments

• In 2022, Solvay expanded its peracetic acid production capacity at its facility in Santa Rosa, Brazil, to meet the growing demand in the region.
• In 2020, Kemira entered into a partnership with BioSafe Systems to develop and distribute peracetic acid-based disinfection solutions for the food and beverage industry.

Report Scope

Peracetic Acid Market, By Category

Application:

• Food & Beverages
• Water Treatment
• Healthcare
• Pulp & Paper
• Agriculture
• Others

Production Process:

• Liquid Phase Process
• Vapor Phase Process
• Vacuum Air Oxidation Process

Grade:

• Reagent
• Sanitizer

Geography:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Research Methodology of Market Research:

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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