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Peracetic Acid Market Size (2024 - 2029)

The Peracetic Acid Market is projected to experience growth over the forecast period, driven by increasing demand from the water treatment industry and its expanding use as a disinfectant across various sectors. Despite challenges such as high costs and potential health risks, the market is expected to benefit from opportunities in aseptic packaging. The Asia-Pacific region leads in market consumption, with significant contributions from countries like China, India, and Japan. The market's recovery post-COVID-19 disruptions has further supported its expansion.

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Market Size of Peracetic Acid Industry

Peracetic Acid Market Summary
Study Period 2019-2029
Market Volume (2024) 0.36 Million tons
Market Volume (2029) 0.48 Million tons
CAGR (2024 - 2029) 5.71 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Peracetic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Peracetic Acid Market Analysis

The Peracetic Acid Market size is estimated at 0.36 Million tons in 2024, and is expected to reach 0.48 Million tons by 2029, growing at a CAGR of 5.71% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.

  • Over the short term, growing demand from the water treatment industry and increasing usage as a disinfectant across various industries are some of the factors driving the growth of the market studied.
  • On the flip side, high costs and adverse effects on health are expected to hinder the growth of the market.
  • However, the increase in peracetic acid use in aseptic packaging is expected to act as an opportunity for the market.
  • The Asia-Pacific region dominated the market worldwide, with countries like China, India, and Japan being the biggest consumers.

Peracetic Acid Industry Segmentation

Peracetic acid, also known as peroxyacetic acid, is an organic compound that is a colorless liquid with a characteristic acrid odor similar to that of acetic acid. It is mainly used as a cleanser and disinfectant for its biocidal properties in various end-user industries.

The peracetic acid market is segmented based on application, end-user industry, and geography. By application, the market is segmented into disinfectants, oxidizers, sterilants, and others. By end-user industry, the market is segmented into food and beverage, wastewater treatment, pulp and paper, healthcare, chemical, and other end-user industries. The report offers market size and forecasts for 15 countries across major regions.

For each segment, market sizing and forecasts have been done on the basis of volume (Tons) for all the above segments.

Application
Disinfectant
Oxidizer
Sterilant
Other Applications
End-user Industry
Food and Beverage
Water Treatment
Pulp and Paper
Healthcare (incl. Pharmaceutical)
Chemical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Peracetic Acid Market Size Summary

The peracetic acid market is poised for significant growth over the forecast period, driven by its increasing application as a disinfectant and cleanser across various industries, including food, beverage, and water treatment. The market experienced a downturn due to the COVID-19 pandemic, which caused manufacturing shutdowns and supply chain disruptions. However, it rebounded in 2021, with rising demand from the water treatment sector and its expanded use in aseptic packaging presenting new opportunities. Despite challenges such as high costs and potential health risks, the market's growth is supported by stringent wastewater treatment regulations and the rising demand for processed foods, particularly in developed regions.

The Asia-Pacific region leads the global peracetic acid market, with China, India, and Japan being major consumers due to their robust food, beverage, and chemical industries. The region's dominance is further bolstered by the growing demand for antimicrobial interventions in food processing and the need for effective disinfectants in various applications, including ballast water treatment and animal health. The market is partially consolidated, with key players like Solvay, Evonik Industries AG, and Ecolab actively expanding their product offerings and focusing on sustainability initiatives. These factors collectively contribute to the anticipated growth of the peracetic acid market in the coming years.

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Peracetic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand From Water Treatment Industry

      2. 1.1.2 Increasing Usage as A Disinfectant Across Various Industries

    2. 1.2 Restraints

      1. 1.2.1 High Cost and Adverse Effect on Health

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Disinfectant

      2. 2.1.2 Oxidizer

      3. 2.1.3 Sterilant

      4. 2.1.4 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Food and Beverage

      2. 2.2.2 Water Treatment

      3. 2.2.3 Pulp and Paper

      4. 2.2.4 Healthcare (incl. Pharmaceutical)

      5. 2.2.5 Chemical

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Mexico

        3. 2.3.2.3 Canada

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Peracetic Acid Market Size FAQs

The Peracetic Acid Market size is expected to reach 0.36 million tons in 2024 and grow at a CAGR of 5.71% to reach 0.48 million tons by 2029.

In 2024, the Peracetic Acid Market size is expected to reach 0.36 million tons.

Peracetic Acid Market Report Snapshots

Peracetic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)