The Global Peracetic Acid Market size is expected to reach $1.8 billion by 2031, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,031.23 hundred tonnes, experiencing a growth of 17.5% (2020-2023).
The water treatment segment procured a promising growth rate in the market in 2023. Peracetic acid is employed in wastewater treatment processes for disinfection, helping reduce microbial contaminants before discharge into the environment. Therefore, the water treatment segment generated 13.46% revenue share in 2031. In terms of volume the Russian water treatment plants would consume 31.20 hundred tonnes of this acid by 2031. As municipalities and industrial facilities seek to comply with environmental regulations and protect water bodies from pollution, peroxyacetic acid -based disinfection becomes increasingly important in wastewater treatment.
Peroxyacetic acid is used as a biocide to control microbial growth in drilling fluids used in oil and gas exploration. Microbial contamination in drilling fluids can lead to souring, biofouling, and corrosion in drilling equipment and reservoirs. Therefore, the market is expanding significantly due to the exploration of oil and gas and production. Additionally, Peroxyacetic acid is utilized in personal care products such as soaps, shampoos, and body washes for its antimicrobial properties. Peroxyacetic acid -based formulations comply with regulatory requirements and safety standards, providing assurance to consumers and driving market demand for acid in hygiene products. Thus, because of the rising demand for personal care and hygiene products, the market is anticipated to increase significantly.
However, Fluctuations in the cost of raw materials, such as acetic acid and hydrogen peroxide, used in peroxyacetic acid production can directly impact product profitability for manufacturers. Price instability may undermine customer confidence and loyalty, leading them to seek alternative disinfectants or sanitizers with more predictable pricing and cost-effectiveness. Thus, high cost and price volatility can slow down the growth of the market.
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Challenges Based on end-use, the market is classified into healthcare, food & Beverage, water treatment, pulp & paper, and others. The healthcare segment acquired 26.27% substantial revenue share in the market in 2023. In terms of volume the segment consumed 769.18 hundred tonnes of volume in 2023. Peroxyacetic acid is commonly used for disinfecting flexible endoscopes, endoscope accessories, and other medical devices in sterile processing departments (SPDs). Its compatibility with sensitive materials and ability to achieve high-level disinfection make it a preferred choice for endoscope reprocessing, ensuring patient safety and device integrity.
By application, the market is categorized into disinfectant, sanitizer, and others. The sanitizer segment covered 31.61% considerable revenue share in the market in 2023. In terms of volume, the sanitizer segment registered 979.76 hundred tonnes in 2023.Sanitizing surfaces and high-touch areas in public spaces such as airports, shopping malls, schools, and offices has become essential for controlling the spread of infectious diseases. Peroxyacetic acid -based surface sanitizers provide rapid disinfection and are widely used in disinfecting wipes, sprays, and cleaning solutions.
Free Valuable Insights: Global Peracetic Acid Market size to reach USD 1.8 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region led the market by generating 36.62% revenue share. The food and beverage industry in the Asia Pacific is expanding quickly due to factors like urbanization, population expansion, and shifting customer tastes. The healthcare sector in Asia Pacific is experiencing significant growth due to increasing healthcare infrastructure development, rising healthcare expenditures, and growing awareness of health issues.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1 Billion |
| Market size forecast in 2031 | USD 1.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 7.5% from 2024 to 2031 |
| Quantitative Data | Volume in Hundred Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 257 |
| Number of Tables | 550 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Application, End-use, Region |
| Country scope |
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| Companies Included | Airedale Chemical Holdings Limited, Evonik Industries AG (RAG-Stifung), Jubilant Pharmova Limited, Ecolab, Inc., Kemira Oyj, Diversey Holdings Ltd. (Solenis LLC), Acuro Organics Limited, Solvay SA, Lenntech B.V., California Soda Company |
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
This Market size is expected to reach $1.8 billion by 2031.
Exploration of oil and gas and production are driving the Market in coming years, however, High cost and price volatility restraints the growth of the Market.
Airedale Chemical Holdings Limited, Evonik Industries AG (RAG-Stifung), Jubilant Pharmova Limited, Ecolab, Inc., Kemira Oyj, Diversey Holdings Ltd. (Solenis LLC), Acuro Organics Limited, Solvay SA, Lenntech B.V., California Soda Company
In the year 2023, the market attained a volume of 3,031.23 hundred tonnes, experiencing a growth of 17.5% (2020-2023).
The Disinfectant segment is leading the Market by Application in 2023; thereby, achieving a market value of $914 Million by 2031.
The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $672.8 Million by 2031.
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