Peracetic Acid Market By Reports And Data
Peracetic Acid Market To Reach USD
1204.7 Million By 2026
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Market Summary
The continuously rising hygiene and antimicrobial
safety concerns across the globe, technological
advancements and a bid to minimize the spread of
infections, promote safe consumption are the key
factors contributing to the high CAGR in the forecast
period.
Peracetic Acid Market Size – USD 623.7 Million in
2018, Market Growth - CAGR of 8.5%, Market Trends
– investments for research and development to
explore newer sectors for application and launch of
products with improved quality.
M a Orkuetr S Aumpmparroyach
According to the current analysis of Reports and Data, the global Peracetic Acid market was valued at USD
623.7 Million in 2018 and is expected to reach USD 1204.7 Million by year 2026, at a CAGR of 8.5%. The study
covers the genre of chemicals and materials with special focus on the Peracetic Acid market. Peracetic acid
(CH3CO3H), also known as Peroxyacetic acid (PAA), is an organic compound used for antimicrobial purposes.
It is a colourless liquid with the specific acrid odour indicative of acetic acid. The compound is a combination
of two versatile compounds namely, Hydrogen Peroxide and Acetic acid. It is manufactured industrially by
autoxidation of acetaldehyde. This compound is formed upon the treatment of acetic acid with hydrogen
peroxide and a strong acid catalyst. The rapid growth in the population, changing lifestyles and eating habits
of consumers are said to be the triggering factors for the industries, especially for the developed and
developing countries. The versatility of application has been the main factor propelling the market. The rising
concerns for safety and improving health of the people has been one of the driving factors in the market.
However, high costs and insufficient awareness among the people have been the main restraining factors.
Companies considered and profiled in this market study
BioSafe Systems, Peroxy Chem, Airedale Chemical, Evonik, Aditya Birla Chemicals, FMC Corp. and
Solvay S.A.
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M a r kOeut Sru Ampmparyoach
For the purpose of this report, Reports and Data has segmented the Peracetic Acid market on the basis
of type, application, end use and region:
Application (Revenue, USD Million; 2016–2026)
• Bactericide and fungicide
• Bleaching agent
• Sterilizing agent
• Polymerization catalyst
• Sanitizing agent
Type (Revenue, USD Million; 2016-2026)
• Solution Grade
• Distilled Grade
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M a r kOeut Sru Ampmparyoach
End Use (Revenue, USD Million; 2016–2026)
• Food and Beverage:
• Fresh produce
• Dairy
• Breweries
• Wineries
• Meat, Poultry and Seafood
• Agriculture
• Water Treatment
• Medical and Healthcare
• Paper and Pulp
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
M a r kOeut Sru Ampmparyoach
Further key findings from the report suggest
• North America and Europe dominate the market due to the technologically advancements and the
continuous research and development in this field. In addition to these factors another factor contributing
to the growth of these regions is the widespread awareness about food safety and improving health.
• North America is expected to grow at a CAGR of 8.3% while Europe is expected to register a CAGR of 8.2%.
• Asia Pacific is expected to grow at a CAGR of 9.4%. Emerging economies such as China have become a major
hub for manufacturers due to the abundance of resources and availability of labor.
• Corporate working hours and increasing female working population is propelling the packaged food
demand globally thus, making use of Peracetic acid for packaging of utmost importance. The demand has
furthermore increased due to an increase in the demand for frozen foods.
• Food and beverage industry holds the largest share of the market and is expected to continue to register the
highest CAGR in the forecast period due to the rising awareness about food safety and sanitary practices.
• Bactericide and fungicides are seen to be the fastest growing type of application. They are expected to
register a CAGR of 8.8%. Use of PAA for bleaching purposes is also gaining popularity in the paper and pulp
industry.
• Use of Peracetic Acids in water treatment has also gained demand in the past few years. The market is
expected to grow at a CAGR of 8.1%.
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A b oOuutr U Aspproach
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