The peracetic acid market is witnessing significant growth due to its broad-spectrum antimicrobial properties and diverse applications across industries such as food processing, healthcare, water treatment, and agriculture. Its environmentally friendly nature and effectiveness as a disinfectant make it a preferred choice for various sectors.
Market Overview
Peracetic Acid Market size was valued at USD 941.02 Million in 2023 and is poised to grow from USD 1028.53 Million in 2024 to USD 2094.97 Million by 2032, growing at a CAGR of 9.3% during the forecast period (2025-2032).
Factors driving this growth include increased demand for effective sanitizers, strict regulatory standards, and growing awareness of water and food safety.
Key Market Drivers
- Rising Demand in Food & Beverage Industry: Peracetic acid is widely used for food disinfection and packaging sterilization to ensure food safety and shelf-life extension.
- Stringent Environmental Regulations: Governments are encouraging the use of eco-friendly disinfectants like peracetic acid to reduce chemical waste and environmental impact.
- Growing Healthcare Sector: Increased need for hospital disinfectants and sterilization solutions boosts market demand.
- Water Treatment Applications: Peracetic acid's effectiveness in wastewater disinfection drives its usage in municipal and industrial water treatment.
- Agricultural Demand: Use in crop protection and post-harvest treatment supports market expansion.
Market Segmentation
By Application:
- Disinfectant: Dominates the market due to widespread use in healthcare, food processing, and water treatment.
- Sterilizer: Increasing demand for medical equipment and surface sterilization.
- Sanitizer: Essential in beverage bottling plants and food processing facilities.
- Other Applications: Includes pulp bleaching and agricultural uses.
By End-User:
- Food & Beverage Industry: Largest consumer for hygiene and contamination prevention.
- Healthcare Facilities: High usage in infection control and surgical equipment sterilization.
- Water Treatment Plants: Critical for safe drinking water and effluent management.
- Agriculture: Applied for crop protection and greenhouse sanitation.
- Pulp & Paper Industry: Used in bleaching processes to improve product quality.
By Form:
- Liquid Peracetic Acid: Preferred for ease of application and rapid action.
- Powder Form: Gaining traction in specific industrial processes requiring stability.
Regional Insights
- North America: Leads the market with strict sanitation regulations and advanced food processing infrastructure.
- Europe: Significant growth due to environmental initiatives and high hygiene standards.
- Asia-Pacific: Rapid expansion driven by industrial growth, rising health awareness, and water treatment projects.
- Latin America & Middle East: Emerging markets focusing on improving public health and food safety.
Challenges and Opportunities
- Challenges: Potential handling hazards and higher costs compared to traditional disinfectants may restrain growth.
- Opportunities: Innovations in safer formulations, expansion into emerging markets, and increased use in organic farming present significant opportunities.
Future Outlook
The peracetic acid market is poised for sustained growth, supported by rising demand for eco-friendly disinfectants, advancements in application methods, and increased focus on global hygiene standards. Companies investing in research and safer alternatives are set to gain a competitive edge.
Explore the full report: https://www.skyquestt.com/report/peracetic-acid-market
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