Peracetic acid is the mixture of hydrogen peroxide and acetic acid in a watery solution. It is a colorless liquid having a low pH value and piercing odor. Peracetic acid is produced by either by oxidation of acethaldehyde or by a reaction between acetic acid and hydrogen peroxide.
Peracetic acid is recognition as safe chemical by the U.S. Food and Drug Administration (FDA) and can be used as a preservative and as antimicrobial. Over the past few years, this has established many new application of peracetic acid as food preservatives and microbial disinfectants.
Peracetic acid is used largely in the food industry, where it is applied as a disinfectant and a cleanser. In early years, acetic acid was used for fungi and bacteria removal from vegetables and fruits. In the coming years, rising demand for peracetic acid in food and beverage industries is projected to boost the global demand for peracetic acid.
Peracetic acid is also used for the disinfection of recycled rinsing water for foodstuffs. Currently, peracetic acid is applied to prevent bio film formation in pulp industries and a disinfection of medical supplies. It is also applied as a disinfectant during water purification. Peracetic acid is also used for cooling tower water disinfection; it affectively prevents formation of bio film and controls Legionella bacteria.
Adoption of different strategies is providing the companies a competitive advantage to enhance their market share. Some of the prominent players present in this market are Mitsubishi Gas Chemical Company, Aditya Birla Chemicals, Evonik Industries AG, Kemira Ojy, and Ecolab.
Purpose of the Report
The purpose of this strategic research study titled “Global Peracetic Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global peracetic acid market.
Target Audience
USP and Key Offerings
This report analyses the worldwide markets for peracetic acid in USD million & kilo tons by the following end use such as food and beverages, pulp and paper, water treatment, healthcare and others. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific and Rest of World (RoW). Annual estimates and forecasts are provided for the period 2014 through 2023 and market growth rate is calculated from 2015 to 2023. Market data and analytics are derived from primary and secondary research. We have considered demand side approach of the market. Competitive analysis is primarily based on public domain information including company URLs and company annual report.
Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the global peracetic acid market, of growth offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.
Peracetic acid is used in various end use industries such as food & beverages, pulp & paper, healthcare, water treatment, among others. More than half of the market pie is collectively accounted by food and beverages and pulp and paper segments. In 2014, the food & beverages end use segment accounted for the largest market share among all the end use, in terms of value. The segment is projected to witness the highest CAGR between 2015 and 2023, in terms of volume as well as revenue.
In food industry, peracetic acid is extensively used as a preservative for meat, poultry and fisheries products. Rise in consumption of food and beverages products such as frozen foods, carbonated drinks are the factors driving the market growth. Water treatment and health care are the other two lucrative end use market segment. These segments are projected to witness significant growth during the forecast period. On the other hand, pulp and paper and other segments are projected to grow below average growth rates during the forecast period. In upcoming year’s advancement in technology and innovation is projected to lay new opportunities for peracetic acid.
In 2014, Europe and North America collectively holds more than 60% share of the market in terms of revenue and volume, both. In Europe, Germany is the biggest consumer of peracetic acid and accounted for more than 15% share in the market. The overall market was dominated by North America with share of more than 35% in terms of volume and revenue as well.
However, during the forecast period, Asia Pacific is expected to lead the peracetic acid market with growing demand from countries such as India and China. Key factors stimulating demand for peracetic acid are end user industry demand, higher spending power and industrialization.
During the forecast period, demand is also projected to surge from economies such as Middle East, Brazil and Mexico which will propel growth of the peracetic acid market in RoW regions. Strong socio economic factors propel growth in these regions.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Peracetic Acid market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
End-Use
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
