Global Peracetic Acid Market

Global Peracetic Acid Market Size, Share, Growth Analysis, By Product(Disinfectant, Sanitizer), By End User(Healthcare industry, Water treatment industry) - Industry Forecast 2023-2030


Report ID: SQMIG15A2128 | Region: Global | Published Date: February, 2024 | Pages: 270 | Tables: 64 | Figures: 78

Global Peracetic Acid Market Insights

Peracetic Acid Market size was valued at USD 845.3 million in 2021 and is poised to grow from USD 873.3 million in 2022 to USD 1685 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

Peracetic acid is used in dairy and cheese plants, food processing equipment, and pasteurization equipment in breweries, wineries, and beverage plants. It is also used to disinfect medical supplies, prevent biofilm formation in the pulp industry, and as a water purifier and disinfectant. Peracetic acid can be used as a cooling tower water disinfectant, preventing biofilm formation and effectively controlling Legionella bacteria. Peracetic acid created some laundry detergents. The reaction of tetraacetylethylenediamine (TAED) in the presence of alkaline hydrogen peroxide solution obtained detergents, and is more effective bleach than hydrogen peroxide. It also forms naturally in the environment through photochemical reactions involving formaldehyde and photo oxidative radicals. It is always sold as a solution mixed with acetic acid and hydrogen peroxide to maintain stability.

The primary factor driving the growth of global peracetic acid market is the increasing demand for peracetic acid from the water treatment industry. Increasing demand for drinking water due to the increasing population and growing water scarcity concerns drive the market’s growth. Rapid industrialization worldwide requires clean and treated water for consumption and maintains health. The explosion of the paper, textile, and other manufacturing industries in both developed and developing regions is expected to drive the growth of global market. Also, the growing awareness about peracetic acid is environmental friendly, which increases its demand worldwide. The increasing demand for medical industry products for sterilizing surgical instruments and other medical devices will drive the market expansion. The growing demand of peracetic acid in infection control and increasing government investment in the healthcare industry are the factors responsible for market growth. Peracetic acid is highly flammable liquid and corrosive in nature. The liquid can cause severe skin and eye infection and can cause toxicity. This factor is expected to hamper the market growth.

US Peracetic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 845.3 million

Largest Segment

Disinfectant

Fastest Growth

Disinfectant

Growth Rate

7.6% CAGR

Global peracetic acid market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global peracetic acid market size by product, 2022-2030 ($ Bn)
Global peracetic acid market size by product, 2022-2030 (%)

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Global Peracetic Acid Market Segmental Analysis

Global peracetic acid market is segmented on the basis of product, end user and region. On the basis of product, global market is segmented into, disinfectant, oxidizer and sterilant. On the basis of application, global market is segmented into healthcare industry, water treatment industry, food industry, pulp & paper industry, breweries, laundry, wineries, chemical processing, and agricultural. On the basis of region, global market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Analysis by Product

On the basis of product, global peracetic acid market is segmented into, disinfectant, sanitizer and sterilizer. The sterilizer segment holds a large number of shares in global peracetic acid market and is expected to grow at significant CAGR during forecast period, due to of its advantages such as water solubility, no residue after washing, and no harm to health and the environment. The food industry has used peracetic acid as an essential raw material for sterilization due to its beneficial properties and safety features, which boosts the growth of global Peracetic Acid Market.

Disinfectant segment is projected to grow at fastest CAGR during forecast period. Peracetic acid protects food from bacteria and germs. Peracetic acid solutions allow more than 95% faster disinfections as compared to traditional solutions. So, they are widely used in high purity water treatment processes for medical device manufacturing, poultry processing plants, and food processing services. For example, according to the China Food Industry (CFI), more than 1500 tons of fresh and packaged food with 1.8 million bottles of disinfectant solution was sold in 2021. The growing demand for disinfection in various industries is expected to raise the demand for peracetic acid across the world.

Analysis by End User

On the basis of end user, global peracetic acid market is segmented into healthcare industry, water treatment industry, food industry, and agricultural industry. The water treatment industry segment holds a large number of shares in the global market, due to the technological developments and innovations are focused on improving drinking water quality and reducing wastewater flow in the water treatment industry. Increasing wastewater treatment processes and rapid industrialization will boost the growth of the Peracetic Acid Market.

Food industry segment is projected to grow at fastest CAGR during forecast period. Peracetic acid is widely used in the food & beverage industry across the world. Food packaging is sterilized with peracetic acid solutions to protect food during the production process. The increased application of peracetic acid in the food & beverage industry is expected to drive the growth of global peracetic acid market for this segment.

Global peracetic acid market by product, 2022 (%), 2021 (%)

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Global Peracetic Acid Market Regional Insights

On the basis of region, global peracetic acid market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia-Pacific region dominated the global market in 2022. The growing demand from various industries, such as water treatment, food, and healthcare, is increasing the demand for peracetic acid products. Rising foreign investment in the Asia Pacific market due to cheap labour and easy access to raw materials, this will boost the growth of the market. China is the largest food & beverage market in the Asia Pacific region with consumer spending on restaurants, cafes, etc. Also the increasing requirement for clean water in the region will boost the market for water treatment industry during the forecast period. According to US International Trade Commission report, countries like China and India by 2035 would consume the largest volume of water in municipal and domestic, industry and agriculture consumption thus increasing the demand for peracetic acid in wastewater treatment.

The North America region is expected to grow at the fastest CAGR. Growing public health expenditure in the region is expected to increases the product demand during the forecast period. Expansion in the regional pharmaceutical industry due to cost-effective labour, aging population, and extensive land will drive the sales of peracetic acid market in this region. Also, increasing developments in countries including Mexico, Argentina and Colombia will further increases the peracetic acid market during the forecast period.

Global peracetic acid market by geography, 2022-2030, 2023-2030
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Global Peracetic Acid Market Dynamics

Driver

Rising adoption of peracetic acid in water treatment

  • Peracetic acid has recently used in wastewater disinfection. Utility companies primarily use disinfectants to destroy pathogenic organisms that spread waterborne diseases. Any disease causing microbes, including bacteria, helminths, spores, and protozoa will be sufficiently treated by an appropriate disinfectant. Peracetic acid is typically available in concentrations ranging from 5% to 22%. When it is dissolve in water, it produces free Hydrogen Peroxyl (HO2) and Hydroxyl (OH) radicals, which have a high oxidizing capacity and play an important role in microbial disinfection. Due to all this beneficial properties, adoption of peracetic acid in waste water treatments is increasing. Increasing wastewater treatment processes will drive the growth of global peracetic acid market worldwide.

Restraint

Health hazards related to peracetic acid

  • Peracetic acid has a highly unpleasant odour and is highly corrosive in nature. A large number of hazards can be caused if there is any exposure to the chemical. This chemical is potentially harmful to skin, eyes, and respiratory tract. The compound is reacting violently with soft metals, which include metals such as brass, copper, iron, and zinc. So, amount of damage caused due to exposure to peracetic acid is a major factor that hampers the growth of global peracetic acid market.

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Global Peracetic Acid Market Competitive Landscape

Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global peracetic acid market are maintaining successful relationships with various companies.

Top Player's Company Profiles

  • Solvay SA

  • Evonik Industries AG

  • Ecolab Inc.

  • PeroxyChem LLC

  • Mitsubishi Gas Chemical Company Inc.

  • Kemira Oyj

  • Aditya Birla Chemicals Ltd.

  • Christeyns NV

  • SEITZ GmbH

  • Airedale Chemical Company Limited

  • Promox S.p.A.

  • Thai Peroxide Co. Ltd.

  • FMC Corporation

  • Loeffler Chemical Corporation

  • Hydrite Chemical Co.

  • Enviro Tech Chemical Services Inc.

  • Sopura S.A.

  • Promox S.p.A.

  • SEKO S.p.A.

  • PeroxyChem LLC

Recent Developments

  • On 22 July 2022, Active Oxygen’s business line of Evonik announced a new strategy aimed at expanding beneficial handprint and lowering environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. This strategy includes various steps to reduce carbon emissions and improve resource efficiency in the manufacturing of these chemicals to achieve climate neutrality across the business line by 2040.
  • In August 2021, Solvay SA announced the launch of a new grade of peracetic acid called Oxypure™ for the food and beverage industry. The product is designed to provide effective microbial control while minimizing chemical residues.
  • In June 2021, PeroxyChem LLC announced the expansion of its peracetic acid production capacity at its site in Memphis, Tennessee, to meet the growing demand for the product in North America.

Global Peracetic Acid Key Market Trends

  • Changing lifestyle of consumers with the increasing purchasing power of consumers across emerging as well as developed regions is expected to increases the market growth. The increasing number of working women with the growth in the urban populations is creating demand for processed food and improved quality water. Peracetic acid is widely used as a preservative in the meat, poultry and fisheries products.
  • Increasing application of peracetic acid in the personal care industry is another major trend in the market. Also, peracetic acid is an effective and eco-friendly biocide extensively used in the agriculture industry. Also, it is used to clean the drip line and disinfectant the agricultural tool, and containers. Increasing harvesting crops with a peracetic acid is stimulating market growth.
  • Significant growth in the agriculture industry is one of the key trend for the growth of the market. Peracetic acid is used in preventing and controlling bacterial and fungal growth in the soil and on crops. So it is extensively utilized in the agricultural industry.

Global Peracetic Acid Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.

According to our global peracetic acid market analysis, by product, the sterilizer segment holds a large number of shares in global peracetic acid market and is expected to grow at significant CAGR during forecast period, due to of its advantages such as water solubility, no residue after washing, and no harm to health and the environment. China is the largest food & beverage market in the Asia Pacific region and is hold the largest market shares in this region. Peracetic acid is highly flammable liquid and corrosive in nature. The liquid can cause severe skin and eye infection and can cause toxicity. This factor is expected to hamper the market growth.

Report Metric Details
Market size value in 2021 USD 845.3 million
Market size value in 2030 USD 1685 million
Growth Rate 7.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Disinfectant, Sanitizer, Sterilizer
  • End User
    • Healthcare industry, Water treatment industry, Food industry, Agricultural industry
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Solvay SA

  • Evonik Industries AG

  • Ecolab Inc.

  • PeroxyChem LLC

  • Mitsubishi Gas Chemical Company Inc.

  • Kemira Oyj

  • Aditya Birla Chemicals Ltd.

  • Christeyns NV

  • SEITZ GmbH

  • Airedale Chemical Company Limited

  • Promox S.p.A.

  • Thai Peroxide Co. Ltd.

  • FMC Corporation

  • Loeffler Chemical Corporation

  • Hydrite Chemical Co.

  • Enviro Tech Chemical Services Inc.

  • Sopura S.A.

  • Promox S.p.A.

  • SEKO S.p.A.

  • PeroxyChem LLC

Recent Developments

  • On 22 July 2022, Active Oxygen’s business line of Evonik announced a new strategy aimed at expanding beneficial handprint and lowering environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. This strategy includes various steps to reduce carbon emissions and improve resource efficiency in the manufacturing of these chemicals to achieve climate neutrality across the business line by 2040.
  • In August 2021, Solvay SA announced the launch of a new grade of peracetic acid called Oxypure™ for the food and beverage industry. The product is designed to provide effective microbial control while minimizing chemical residues.
  • In June 2021, PeroxyChem LLC announced the expansion of its peracetic acid production capacity at its site in Memphis, Tennessee, to meet the growing demand for the product in North America.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Peracetic Acid Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Peracetic Acid Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Peracetic Acid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Peracetic Acid Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Peracetic Acid Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Peracetic Acid Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Peracetic Acid Market size was valued at USD 845.3 million in 2021 and is poised to grow from USD 873.3 million in 2022 to USD 1685 million by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

Key market players are focusing on growing their customer base in order to gain a competitive advantage. As a result, key players are adopting variety of strategic initiatives, such as mergers & acquisitions and partnerships. To increase penetration across profitable areas, major players in global peracetic acid market are maintaining successful relationships with various companies. ' Solvay SA ', ' Evonik Industries AG ', ' Ecolab Inc. ', ' PeroxyChem LLC ', ' Mitsubishi Gas Chemical Company Inc. ', ' Kemira Oyj ', ' Aditya Birla Chemicals Ltd. ', ' Christeyns NV ', ' SEITZ GmbH ', ' Airedale Chemical Company Limited ', ' Promox S.p.A. ', ' Thai Peroxide Co. Ltd. ', ' FMC Corporation ', ' Loeffler Chemical Corporation ', ' Hydrite Chemical Co. ', ' Enviro Tech Chemical Services Inc. ', ' Sopura S.A. ', ' Promox S.p.A. ', ' SEKO S.p.A. ', ' PeroxyChem LLC ', 'On 22 July 2022, Active Oxygen’s business line of Evonik announced a new strategy aimed at expanding beneficial handprint and lowering environmental footprint of hydrogen peroxide, peracetic acid, and persulfates. This strategy includes various steps to reduce carbon emissions and improve resource efficiency in the manufacturing of these chemicals to achieve climate neutrality across the business line by 2040.', 'In August 2021, Solvay SA announced the launch of a new grade of peracetic acid called Oxypure™ for the food and beverage industry. The product is designed to provide effective microbial control while minimizing chemical residues.', 'In June 2021, PeroxyChem LLC announced the expansion of its peracetic acid production capacity at its site in Memphis, Tennessee, to meet the growing demand for the product in North America.'

Peracetic acid has recently used in wastewater disinfection. Utility companies primarily use disinfectants to destroy pathogenic organisms that spread waterborne diseases. Any disease causing microbes, including bacteria, helminths, spores, and protozoa will be sufficiently treated by an appropriate disinfectant. Peracetic acid is typically available in concentrations ranging from 5% to 22%. When it is dissolve in water, it produces free Hydrogen Peroxyl (HO2) and Hydroxyl (OH) radicals, which have a high oxidizing capacity and play an important role in microbial disinfection. Due to all this beneficial properties, adoption of peracetic acid in waste water treatments is increasing. Increasing wastewater treatment processes will drive the growth of global peracetic acid market worldwide.

Changing lifestyle of consumers with the increasing purchasing power of consumers across emerging as well as developed regions is expected to increases the market growth. The increasing number of working women with the growth in the urban populations is creating demand for processed food and improved quality water. Peracetic acid is widely used as a preservative in the meat, poultry and fisheries products.

On the basis of region, global peracetic acid market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia-Pacific region dominated the global market in 2022. The growing demand from various industries, such as water treatment, food, and healthcare, is increasing the demand for peracetic acid products. Rising foreign investment in the Asia Pacific market due to cheap labour and easy access to raw materials, this will boost the growth of the market. China is the largest food & beverage market in the Asia Pacific region with consumer spending on restaurants, cafes, etc. Also the increasing requirement for clean water in the region will boost the market for water treatment industry during the forecast period. According to US International Trade Commission report, countries like China and India by 2035 would consume the largest volume of water in municipal and domestic, industry and agriculture consumption thus increasing the demand for peracetic acid in wastewater treatment.

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Global Peracetic Acid Market

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