The Asia Pacific Peracetic Acid Market would witness market growth of 7.9% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,125.54 hundred tonnes, showcasing a growth of 17.9% (2020-2023).
In the Peracetic Acid market, disinfectants play a pivotal role across various industries. PAA, known for its strong antimicrobial properties, is widely utilized in healthcare settings for surface disinfection. Its efficacy against a broad spectrum of microorganisms, including bacteria, viruses, fungi, and spores, makes it a preferred choice for ensuring sanitation and preventing the spread of infections in hospitals, clinics, and laboratories. Therefore, the China market registered a volume of 188.49 hundred tonnes in 2023.
The China market dominated the Asia Pacific Peracetic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $178.6 Million by 2031. The Japan market is registering CAGR of 7.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.5% during (2024 - 2031).
In the agricultural sector, peroxyacetic acid prevents microbial contamination of crops, fruits, and vegetables, extending their shelf life and decreasing post-harvest losses. It treats irrigation water to control bacterial and fungal pathogens, prevent crop diseases, and enhance plant health. peroxyacetic acid -based disinfectants and cleaners are used in various industrial and household applications for surface disinfection, mold and mildew removal, and odor control.
Furthermore, veterinary clinics, hospitals, and animal care facilities require effective disinfection solutions to maintain a clean and hygienic environment for animals and staff. peroxyacetic acid -based disinfectants are widely used for surface disinfection, equipment sterilization, and environmental sanitation in veterinary facilities, supporting infection control efforts and driving market demand for PAA. Veterinary facilities implement biosecurity measures to prevent the introduction and spread of pathogens among animals.
China’s pharmaceutical industry has experienced rapid growth in recent years, driven by population growth, increasing healthcare expenditure, an expanding middle-class population, and rising demand for healthcare services. For example, as per China.org, in 2021, the combined business revenue of China’s pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Chinese pharmaceutical manufacturers adhere to quality standards, including Good Manufacturing Practices (GMP), to maintain product quality, safety, and efficacy. The demand for sterile pharmaceutical products, such as injectables, parenteral formulations, and ophthalmic preparations, is increasing in China due to the aging population, rising chronic diseases, and growing healthcare infrastructure. Patient safety and product quality assurance are paramount priorities for pharmaceutical companies in China. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
Free Valuable Insights: The Global Peracetic Acid Market is Predict to reach USD 1.8 Billion by 2031, at a CAGR of 7.5%
Based on Application, the market is segmented into Disinfectant, Sanitizer, and Others. Based on End Use, the market is segmented into Food & Beverage, Healthcare, Water Treatment, Pulp & Paper, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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