Peracetic Acid (PAA) Market Size to Boost USD 1855.6 Million By 2032 | CAGR 7.2% - Published by Emergen Research

The global Peracetic Acid market size was USD 934.2 Million in 2022 and is expected to register a rapid revenue CAGR of 7.2% during the forecast period. Rising demand for PAA from the processed food industry and medical industry for disinfecting surgical devices and increasing adoption of advanced technologies in the water treatment industry, and PAA in critical end-use applications are key factors driving market revenue growth.

The Peracetic Acid (PAA) market is experiencing a surge in demand, fueled by its versatile applications across various industries such as healthcare, food and beverage, water treatment, and agriculture. Peracetic acid, a powerful oxidizing agent, is widely utilized for its antimicrobial properties, making it an effective disinfectant, sanitizer, and sterilant. Its ability to rapidly degrade into environmentally benign byproducts without leaving harmful residues has contributed to its widespread adoption as a sustainable alternative to conventional disinfectants.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of the Peracetic Acid (PAA) Market :

Several factors are driving the growth of the Peracetic Acid market. In the healthcare industry, the increasing prevalence of healthcare-associated infections (HAIs) and the emergence of antibiotic-resistant pathogens have propelled the demand for effective disinfection solutions. Peracetic acid's broad-spectrum antimicrobial activity and rapid action make it an ideal choice for disinfecting medical equipment, surfaces, and healthcare facilities, thereby reducing the risk of infections and ensuring patient safety.

Restraints Impacting the Peracetic Acid (PAA) Market :

Despite the favorable growth prospects, the Peracetic Acid market faces certain challenges. One significant restraint is the potential health and safety risks associated with Peracetic Acid exposure. Prolonged or excessive exposure to Peracetic Acid vapors or solutions can cause irritation to the respiratory tract, skin, and eyes, necessitating stringent safety measures and protective equipment for handling and storage.Moreover, the corrosive nature of Peracetic Acid poses challenges for material compatibility and equipment maintenance in certain applications. The use of Peracetic Acid for disinfecting sensitive materials or surfaces may require additional precautions to prevent damage and ensure compatibility with equipment materials such as stainless steel, plastics, and rubber.

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The report also discusses the key players involved in the market such as:

               Mitsubishi Gas Chemical Company, PeroxyChem, Aditya Birla Chemicals, Evonik Industries, Kemira, Ecolab, Solvay, SEITZ Gmbh, Acuro Organics Limited, Hydrite Chemical, Airedale Chemical, Loeffler Chemical Corporation, Diversey Inc., Enviro Speciality Chemical Pvt. Ltd., Jubilant Life Sciences, Seeler Industries Inc., National Peroxide Ltd., Promax Industries, and Thai Peroxide Limited

The report provides a thorough estimation of the overall impact of the pandemic on the Peracetic Acid (PAA) Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Peracetic Acid (PAA) Market

Peracetic Acid (PAA) Latest Industry News

On 9 May, 2023, Evonik received registration from the United States Environmental Protection Agency (EPA) for VIGOROX Trident PAA for use in Recirculating Aquaculture Systems (RAS) and pond feed. Manufactured by Evonik's Active Oxygens business, the biocide can reduce fish pathogens (bacteria and viruses) in water. VIGOROX Trident can be used in the presence of fish because it only breaks down into water, oxygen, and acetic acid.

On 18 August, 2020, Ecolab's Synergex sanitizers and disinfectants received the first approval from the U.S. Environmental Protection Agency (EPA) for effectiveness against biofilm, common Complex bacterial communities found on food contact surfaces. According to EPA, biofilms form when bacteria adhere to environmental surfaces, especially those with high humidity. Ecolab Synergex Sanitizer and Disinfectant is an EPA-registered PAA mixture sanitizer and disinfectant (No. 1677-250) that helps F&B manufacturers improve food safety, ensure quality, worker safety, and air quality.

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Peracetic Acid (PAA) Market Segment Analysis :

For the purpose of this report, Emergen Research has segmented the global PAA market on the basis of type, grade, application, end-use, and region:

Type Outlook (Revenue, USD Million; 2019-2032)
Solution PAA
Distilled PAA
Grade Outlook (Revenue, USD Million; 2019-2032)
5% - 15% Grade
Application Outlook (Revenue, USD Million; 2019-2032)
Sterilant
Disinfectant
Sanitizer
Bleaching
Others
End-use Outlook (Revenue, USD Million,; 2019-2032)
Food & Beverage (F&B)
Healthcare
Agriculture
Water Treatment
Pulp and Paper
Others
Regional Outlook (Revenue, USD Million; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa

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