Peracetic Acid Market is segmented by Application Type (Disinfectant, Sterilant, and Sanitizer), End-Use Industry Type (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Peracetic Acid Market is segmented by Application Type (Disinfectant, Sterilant, and Sanitizer), End-Use Industry Type (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, and Others), and Region...
Peracetic acid is an organic compound commonly utilized as a versatile antimicrobial and antioxidant agent. It is also used as an effective bactericide and fungicide in food processing applications. Its production requires the autooxidation of acetaldehyde and is commonly available as a colorless liquid with a pungent odor. It is an unchlorinated by-product and has non-corrosive & non-foaming reactions, followed by a wide temperature range and a higher oxidation potential.
Market Drivers
Growing demand for the product from its various end-use industries, including food & beverage, pulp & paper bleaching, medical, and agriculture, is the key factor driving the market's growth. Moreover, there is an increasing acceptance of peracetic acid as a safe and environmentally friendly chemical that does not leave any harmful residues or by-products.
COVID-19 Impact
The impact of COVID-19 on the peracetic acid market is mixed. On one hand, COVID-19 negatively impacted the market in 2020 due to lockdowns and disruptions in various end-user industries, such as pulp and paper, food and beverages, and healthcare. On the other hand, COVID-19 also increased the demand for peracetic acid as a disinfectant and sanitizer for medical instruments, food-contact surfaces, and water treatment, owing to the rising awareness about health, hygiene, and safety.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Application Type
Disinfectant, Sterilant, and Sanitizer
Disinfectant is expected to remain the major application of peracetic acid in the market during the forecast period.
End-Use Industry Type
Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, and Others
The food & beverage industry is expected to remain the biggest consumer of peracetic acid in the market, whereas the water treatment industry is likely to remain the fastest-growing industry.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
Europe is expected to remain the largest market for peracetic acid over the next five years, whereas Asia-Pacific is likely to remain the fastest-growing market.
Application Trends
“Disinfectant is expected to remain dominant in the market.”
The market is segmented into disinfectant, sterilant, and sanitizer. Disinfectant is expected to remain the biggest demand generator for peracetic acid in the market during the forecast period. It has a high demand in the food & beverage, healthcare, water treatment, and pulp & paper industries.
End-Use Industry Trends
“The food & beverage industry is expected to remain dominant in the market.”
The peracetic acid market is segmented into healthcare, food & beverage, water treatment, pulp & paper, and others. The food & beverage industry is expected to remain the biggest consumer of peracetic acid in the market during the forecast period. The effectiveness of peracetic acid against microbial contamination and the development of application-based products are the primary contributors to this demand.
The water treatment industry is expected to grow at the fastest rate over the forecast period. Government initiatives to utilize peracetic acid to treat water are expected to fuel the demand for the product in the industry.
Regional Analysis
“Europe is expected to remain the largest market for peracetic acid.”
The region has generalized the use of peracetic acid. Moreover, there is a strong presence of application industries in the region, which generate huge demand for the product in the region.
Asia-Pacific is estimated to remain the fastest-growing region in the market owing to a huge and increasing population in the region along with the shift of manufacturing bases toward the region.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the peracetic acid market (arranged alphabetically).
Note:The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Peracetic Acid Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s peracetic acid market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Peracetic acid is an organic compound commonly utilized as a versatile antimicrobial and antioxidant agent. It is also used as an effective bactericide and fungicide in food processing applications. Its production requires the autooxidation of acetaldehyde and is commonly available as a colorless liquid with a pungent odor. It is an unchlorinated by-product and has non-corrosive & non-foaming reactions, followed by a wide temperature range and a higher oxidation potential.
Evonik Industries AG, Solvay SA, Mitsubishi Gas Chemical Company, Ecolab Inc., Enviro Tech Chemical Services, Kemira Oyj, Christeyns, SEITZ GmbH, Jubilant Life Sciences, and Aditya Birla Chemicals are the leading players in the peracetic acid market.
Europe is estimated to remain the dominant market for peracetic acid owing to the generalization of the usage of peracetic acid in the region as well as the strong presence of application industries in the region, which generate a huge demand for the product.
Asia-Pacific is estimated to remain the fastest-growing market for peracetic acid owing to a huge and increasing population in the region and the shift of manufacturing bases toward the region.
The food & beverage industry is expected to remain the dominant end-use industry in the market during the forecast period owing to the effectiveness of peracetic acid against microbial contamination and the development of application-based products.
