The Europe Peracetic Acid Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 743.33 hundred tonnes, showcasing a growth of 17.0% (2020-2023).
In the Peracetic Acid market, healthcare applications stand out prominently due to the compound's robust antimicrobial properties. peroxyacetic acid finds extensive use in healthcare settings for surface disinfection, equipment sterilization, and water treatment. Its broad spectrum of antimicrobial activity makes it an essential component in infection control protocols, viruses, and spores. Therefore, the German healthcare facilities consumed 46.69 hundred tonnes of this acid in 2023.
The Germany market dominated the Europe Peracetic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $111.5 Million by 2031. The UK market is exhibiting a CAGR of 5.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.6% during (2024 - 2031).
Surgical instruments, medical devices, and laboratory equipment susceptible to moisture and heat are sterilized with peroxyacetic acid in hospitals, clinics, and laboratories. It is employed for disinfecting surfaces, floors, and medical facilities to prevent healthcare-associated infections (HAIs) and maintain a sterile environment. PAA is a disinfectant in wastewater treatment plants to kill bacteria, viruses, and pathogens before discharge into the environment.
Peroxyacetic acid can help control odors associated with wastewater treatment processes by oxidizing organic compounds, sulfides, and ammonia, contributing to foul odors and unpleasant smells. peroxyacetic acid is highly effective against many microorganisms, including bacteria, viruses, fungi, and protozoa. In wastewater treatment, peroxyacetic acid can be used as a disinfectant to kill or inactivate pathogens present in wastewater effluent before discharge into receiving water bodies.
Peroxyacetic acid effectiveness as a disinfectant and sanitizer assures consumers, retailers, and regulatory authorities regarding the safety and quality of food and drink offerings in the UK. For instance, according to data from the United Kingdom Government, the country is well-known for its traditional and contemporary food and drink options. The food and drink industry in the United Kingdom is the largest manufacturing sector in the nation, with a turnover of £104.4 billion. Its use in food processing, manufacturing, and service establishments helps mitigate microbial risks, prevent foodborne illnesses, and maintain public confidence in the safety and integrity of the food supply chain, supporting the upliftment of PAA usage in the UK food and beverage industry. Thus, all these factors will boost the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Peracetic Acid Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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