Market Insights
The peracetic acid market is likely to grow at a CAGR of 7.1% over the next five years.
What is Peracetic Acid?
Peracetic acid is an organic compound commonly utilized as a versatile antimicrobial and antioxidant agent. In food processing applications, it is also used as an effective bactericide and fungicide. 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.
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.
Market Drivers
Growing demand for the product from its various end-use industries, which include food & beverage, pulp & paper bleaching, medical, and agriculture industries, is the key factor driving the growth of the market. Moreover, there is an increasing acceptance of peracetic acid as a safe and environmental-friendly chemical that does not leave any harmful residues or by-products.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Application-Type Analysis
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Disinfectant, Sterilant, and Sanitizer
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Disinfectant is expected to remain the major application of peracetic acid in the market during the forecast period.
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End-Use Industry-Type Analysis
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Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, and Others
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Food & beverage industry is expected to remain the biggest consumer of peracetic acid in the market during the forecast period, whereas water treatment industry is likely to remain the fastest-growing industry.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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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.
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Application Trends
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 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.
The peracetic acid market is segmented into the following categories:
By Application Type
- Disinfectant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sterilant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sanitizer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-Use Industry Type
- Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water Treatment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Pulp & Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Key Players
The following are the key players in the peracetic acid market:
- Evonik Industries AG
- Solvay SA
- Mitsubishi Gas Chemical Company
- Ecolab Inc.
- Enviro Tech Chemical Services
- Kemira Oyj
- Christeyns
- Seitz GmbH
- Jubilant life sciences
- Aditya Birla Chemicals
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 in order 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.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
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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