Global Peracetic Acid Market to Reach US$1.6 Billion by 2030

The global market for Peracetic Acid estimated at US$1.0 Billion in the year 2023, is expected to reach US$1.6 Billion by 2030, growing at a CAGR of 7.0% over the analysis period 2023-2030. Disinfectants, one of the segments analyzed in the report, is expected to record a 7.2% CAGR and reach US$765.4 Million by the end of the analysis period. Growth in the Sanitizers segment is estimated at 6.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$279.6 Million While China is Forecast to Grow at 10.3% CAGR

The Peracetic Acid market in the U.S. is estimated at US$279.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$262.0 Million by the year 2030 trailing a CAGR of 10.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.9% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.

Global Peracetic Acid Market - Key Trends & Drivers Summarized

How Is Peracetic Acid Revolutionizing Industrial Disinfection?

Peracetic acid (PAA) has become a cornerstone in industrial disinfection due to its potent biocidal properties and environmentally friendly profile. It is extensively used in the food and beverage industry for sanitizing equipment, containers, and surfaces to maintain hygiene standards and prevent contamination. Unlike other disinfectants, PAA decomposes into harmless by-products, acetic acid, water, and oxygen, posing minimal environmental hazards. This property, coupled with its efficacy at low concentrations, makes it an ideal choice for industries aiming to balance high sanitary standards with environmental sustainability. The growing emphasis on food safety and stringent regulations are driving the increased adoption of PAA in food processing and packaging sectors.

What Makes Peracetic Acid a Preferred Choice for Water Treatment?

In water treatment, peracetic acid is favored for its effectiveness in eliminating pathogens and organic contaminants without producing harmful chlorinated by-products. Municipalities and industrial facilities are increasingly adopting PAA for wastewater treatment due to its rapid action and non-toxic degradation products. Its ability to work efficiently across a range of pH levels and temperatures enhances its versatility and applicability in various water treatment scenarios. Additionally, PAA`s ease of application and the reduced need for secondary disinfection steps streamline the treatment process, making it cost-effective. The shift towards sustainable and safe water treatment practices is propelling the demand for peracetic acid in this sector.

How Are Technological Advancements Enhancing Peracetic Acid Usage?

Technological advancements have significantly enhanced the production, stability, and application methods of peracetic acid, broadening its industrial utility. Innovations in production techniques have resulted in more stable and concentrated PAA solutions, improving their efficacy and shelf-life. Advanced packaging solutions and automated dosing systems have simplified its usage, enhancing safety and precision in various applications. Furthermore, the development of real-time monitoring technologies allows for better control and optimization of PAA dosing, ensuring maximum effectiveness with minimal waste. These technological improvements are particularly beneficial in sectors such as healthcare, where PAA is used for sterilizing medical equipment and surfaces, ensuring high standards of hygiene and infection control.

What Factors Are Driving the Growth in the Peracetic Acid Market?

The growth in the peracetic acid market is driven by several factors. The increasing demand for high-level disinfectants in the food and beverage industry to comply with stringent hygiene regulations is a primary driver. In the healthcare sector, the necessity for effective sterilization methods to combat hospital-acquired infections is boosting PAA usage. Technological advancements that enhance the production and application efficiency of PAA are making it more accessible and user-friendly, encouraging its adoption. Regulatory support for environmentally benign disinfectants is also propelling the market forward. Additionally, the rising awareness of waterborne diseases and the need for sustainable water treatment solutions are significant factors fueling the demand for PAA. The compound`s versatility and efficiency in various industrial applications ensure its growing relevance in the global market.