The Latin America, Middle East and Africa Peracetic Acid Market would witness market growth of 9.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 292.23 hundred tonnes, showcasing a growth of 6.9% (2024-2031).
In the Peracetic Acid market, sanitizers play a crucial role across diverse industries due to the potent disinfectant properties of acid. Sanitizers containing peracetic are extensively utilized in the healthcare sector for hand hygiene, surface disinfection, and equipment sterilization. Their rapid antimicrobial action against a wide range of pathogens. Therefore, the Brazil market consumed a total of 19.13 hundred tonnes in 2023.
The Brazil market dominated the LAMEA Peracetic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36 Million by 2031. The Argentina market is showcasing a CAGR of 10.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.6% during (2024 - 2031).
Innovations in controlled-release technologies enable the gradual release of PAA, extending its antimicrobial activity and improving efficiency in disinfection and sanitization processes. Manufacturers are developing advanced formulations of PAA that offer improved stability, efficacy, and safety profiles. This includes innovations in stabilizers, surfactants, and buffering agents to enhance product performance and compatibility with different applications.
Nanoencapsulation of PAA involves encapsulating the active ingredient in nano-sized particles, enhancing its stability, solubility, and targeted delivery. Nanoencapsulation technology enables the controlled release of PAA, improved penetration into microbial cells, and reduced environmental impact. Multi-component systems combine PAA with synergistic additives or complementary active ingredients to enhance its antimicrobial efficacy and broaden its spectrum of activity.
Saudi Arabia has been increasing its healthcare expenditure to improve infrastructure, expand medical services, and enhance patient care quality. Hospital expansions, mergers, and acquisitions have become prevalent in the Saudi Arabian healthcare sector to accommodate the expanding population and satisfy the rising demand for medical services. According to the International Trade Administration, in 2023, Saudi Arabia spent $50.4 billion on healthcare and social development, 16.96 percent of its 2023 budget, and education's second largest line item. Patient safety and quality care are paramount for healthcare providers in Saudi Arabia. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Peracetic Acid Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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