Peracetic Acid Market by Application (Sanitizer, Disinfectant, Sterilant, Others) End-Use industry (Healthcare, Food & Beverage, Water Treatment, Pulp & Paper, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026271 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 941 million mark in 2022 and is expected to hit US$ 1,578 million by 2030, recording approximately a CAGR of 6.7% during the forecast period.

Growing Medical & Healthcare Industry

In the medical & healthcare industry, peracetic acid and ethylene oxide is utilized for sterilization to remove surface contaminants. It is formed naturally through a series of reactions including formaldehyde and, by acetaldehyde liquid-phase oxidation. Peracetic acid chemically sterilizes medical, surgical, and dental devices such as endoscopes, arthroscopes and others, by using an automated machine. This acid inactivates gram-positive and gram-negative bacteria, yeasts and fungi. Thus, with increasing applications in the healthcare and medical industry, the demand for peracetic acid is increasing and is further expected to drive market growth.

Within the report, the market is segmented into application, end-use industry, and geography. By application, the market is further segmented into sanitizer, disinfectant, sterilant, others. By end-use industry, the market is categorized into healthcare, food & beverage, water treatment, pulp & paper, others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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"Peracetic acid- Better than alternatives"

Chlorine was the disinfectant preference for many years. But the chemical had severe disadvantages. Gas leaks of the chemical can have adverse effects on the surroundings. Also, it posed a grave threat to aquatic flora and fauna. Same goes with Sodium Hypochlorite. It is toxic and faces off-gassing issues. Peracetic acid is safe and does not possess an immediate threat to aquatic life. Furthermore, it does not degrade into harmful by-products thus causing little or no harm to immediate environments. It possesses more oxidation potential than other alternatives.

Rising adoption in various industries is one of the major factors accelerating the market growth.

Peracetic acid is a popular biocidal disinfectant with uses across many industries. Peracetic acid can destroy and control harmful bacteria, viruses, spores, and fungi. It is a very powerful oxidant and fast-acting antimicrobial, peracetic acid penetrates through cell membranes, irreversibly disrupting the enzyme system and destroying pathogenic microorganisms. Its antimicrobial properties make it a popular, reliable biocidal disinfectant in agricultural, food, and pharmaceutical settings, as well as in the home. Peracetic acid (PAA) is a widely used antimicrobial in the food and protein industries. Amongst many other industrial applications, it also holds use in water treatment, able to prevent biofilm formation and pathogenic growth. Moreover, it is also applied for the disinfection of medical supplies, to prevent bio-film formation in pulp industries, and as a water purifier and disinfectant.

Recent strategic developments in peracetic acid market

The peracetic acid market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2020, Evonik successfully closed the acquisition of PeroxyChem (US), for USD 640 million. PeroxyChem is a manufacturer of hydrogen peroxide (H2O2) and peracetic acid (PAA) and is well-positioned in high-margin specialty applications. The acquisition unlocked additional growth opportunities for Evonik, especially in the market for environment-friendly disinfectants.
  • In April 2020, Solvay’s PROXITANE AHC was approved for use against SARS-CoV-2 – the virus strain that causes COVID-19 – by the US Environmental Protection Agency (EPA). It has been added to the list of disinfectants, made from peracetic acid for use against SARS-CoV-2 (List N) under EPA Registration Number 68660-11.

The peracetic acid market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Airedale Chemical Company Limited, Evonik Industries Ag, Enviro Tech Chemical Services, Inc., MITSUBISHI GAS CHEMICAL COMPANY, INC., Solvay are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Peracetic acid related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of peracetic acid market
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Application
  • Sanitizer
  • Disinfectant
  • Sterilant
  • Others
  • End-Use Industry:
  • Healthcare
  • Food & Beverage
  • Water Treatment
  • Pulp & Paper
  • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Airedale Chemical Company Limited
    • Evonik Industries Ag
    • Enviro Tech Chemical Services, Inc.
    • MITSUBISHI GAS CHEMICAL COMPANY, INC
    • Solvay

Companies profiled

- Airedale Chemical Company Limited
- Evonik Industries Ag
- Enviro Tech Chemical Services, Inc.
- MITSUBISHI GAS CHEMICAL COMPANY, INC
- Solvay

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