According to the current analysis of Reports and Data, the global Peracetic Acid market was valued at USD 815.1 Million in 2020 and is expected to reach USD 1.48 Billion by year 2028, at a CAGR of 7.80%. The study covers the genre of chemicals and materials with special focus on the Peracetic Acid market. Peracetic acid (CH3CO3H), also known as Peroxyacetic acid (PAA), is an organic compound used for antimicrobial purposes. It is a colourless liquid with the specific acrid odour indicative of acetic acid. The compound is a combination of two versatile compounds namely, Hydrogen Peroxide and Acetic acid. It is manufactured industrially by autoxidation of acetaldehyde. This compound is formed upon the treatment of acetic acid with hydrogen peroxide and a strong acid catalyst. The rapid growth in the population, changing lifestyles and eating habits of consumers are said to be the triggering factors for the industries, especially for the developed and developing countries. The versatility of application has been the main factor propelling the market. The rising concerns for safety and improving health of the people has been one of the driving factors in the market. However, high costs and insufficient awareness among the people have been the main restraining factors.
The Materials and Chemicals sector encompasses a wide range of commodity-related manufacturing industries. Included in this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products, and metals, minerals and mining companies, including producers of steel. Materials and chemicals are used across various end-use industries such as medical & pharmaceutical, food technology, manufacturing, among others. Increasing consumer awareness regarding energy-efficiency and growing need to reduce carbon emissions have prompted industry layers to produce goods in a manner that it has least impact on the environment.
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Top Key Players: BioSafe Systems, Peroxy Chem, Airedale Chemical, Evonik, Aditya Birla Chemicals, FMC Corp. and Solvay S.A.
For the purpose of this report, Reports and Data has segmented the Peracetic Acid market on the basis of type, application, end use and region:
Application (Revenue, USD Million; 2020–2028)
Bactericide and fungicide
Bleaching agent
Sterilizing agent
Polymerization catalyst
Sanitizing agent
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Type (Revenue, USD Million; 2016-2028)
Solution Grade
Distilled Grade
End Use (Revenue, USD Million; 2020–2028)
Food and Beverage:
Fresh produce
Dairy
Breweries
Wineries
Meat, Poultry and Seafood
Agriculture
Water Treatment
Medical and Healthcare
Paper and Pulp
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