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.
Peracetic Acid Market size was valued at USD 0.98 billion in 2023 and is poised to grow from USD 1.05 billion in 2024 to USD 1.85 billion by 2032, growing at a CAGR of 7.35% during the forecast period (2025-2032).
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.
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Peracetic Acid Market – Regional Analysis:
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.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2032, Y-o-Y growth rate, and CAGR):
The Peracetic Acid Market can be segmented based on several factors, including product type, application, end-user, and distribution channel.
Global Peracetic Acid Market is segmented by Grade, Application, End-Use and region.
Based on Grade, the market is segmented into Solution Grade and Distilled Grade.
Based on Application, the market is segmented into Disinfectant, Sterilant, Sanitizer, Oxidizer and Other Applications.
Based on End-Use, the market is segmented into Healthcare, Food and Beverage, Water Treatment, Pulp and Paper, Chemicals and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Top Market Players in Peracetic Acid Market are:
Solvay S.A. (Belgium)
Evonik Industries AG (Germany)
Kemira Oyj (Finland)
Mitsubishi Gas Chemical Company, Inc. (Japan)
Ecolab Inc. (USA)
Enviro Tech Chemical Services, Inc. (USA)
PeroxyChem LLC (USA)
Airedale Chemical Company Limited (UK)
Diversey Holdings, Ltd. (USA)
SEITZ GmbH (Germany)
Loeffler Chemical Corporation (USA)
Hydrite Chemical Co. (USA)
Acuro Organics Limited (India)
Promox S.p.A. (Italy)
Christeyns NV (Belgium)
Solvay Chemicals International SA (Belgium)
Thai Peroxide Co., Ltd. (Thailand)
Helios Group (Slovenia)
Jubilant Life Sciences Limited (India)
Spartan Chemical Company, Inc. (USA)
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 Peracetic Acid 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.
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Forward-Looking Insights
The Peracetic Acid Market is set to experience sustained growth, fueled by technological advancements, broader global market access, and rising industry demand. With the industry addressing emerging challenges and capitalizing on new opportunities, it is expected to drive innovation and play a pivotal role in advancing global health and economic progress.
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