According to a new report, published by KBV research, 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).
Peracetic acid products are customized to fulfill the requirements of various industries and applications through innovations in application-specific formulations. Customized solutions address specific challenges in food processing, healthcare, water treatment, agriculture, and other sectors, optimizing performance and efficacy. Research and development efforts focus on advancing green chemistry principles in peracetic acid production, formulation, and usage. Green synthesis methods, solvent-free processes, and recyclable packaging contribute to sustainability goals and eco-friendly practices in the peracetic acid market.
The Disinfectant segment is leading the Global Peracetic Acid Market by Application in 2023; thereby, achieving a market value of $914 Million by 2031. In the food and beverage industry, ensuring food safety and preventing microbial contamination are critical priorities. Peracetic acid is widely used for disinfecting food contact surfaces, processing equipment, and water treatment systems, helping to maintain food quality, extend shelf life, and comply with food safety regulations.
The Food & Beverage segment is growing at a CAGR of 6.6 % during the forecast period. Peracetic acid is widely used in the food & beverage segment to ensure food safety by eliminating microbial contaminants on food-contact surfaces, equipment, and packaging materials. Its broad-spectrum antimicrobial properties make it highly effective against bacteria, viruses, molds, and yeasts, helping to reduce the risk of foodborne illnesses and maintain product quality and integrity.
Full Report: https://www.kbvresearch.com/peracetic-acid-market/
The Asia Pacific region dominated the Global Peracetic Acid 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. The Europe region is poised to grow at a CAGR of 6.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 7.2% during (2024 - 2031).
By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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