Peracetic Acid Market Share, Key Players, and Opportunities
The global market for peracetic acid is set for steady growth over the next decade, fueled by its rising adoption in food safety, water treatment, and healthcare applications. Industry data indicates that the Peracetic Acid Market size was USD 1.00 billion in 2024 and is projected to reach USD 1.72 billion by 2032, expanding at a CAGR of 6.96% during the forecast period of 2025–2032.
The Peracetic Acid Market is benefiting from its strong antimicrobial properties, eco-friendly profile, and growing usage across industries such as food & beverage, pharmaceuticals, healthcare, and wastewater treatment. Increasing demand for high-performance disinfectants, coupled with stricter regulations on hygiene and environmental safety, is driving adoption worldwide.
Key Market Drivers:
- Rising Demand for Food Safety and Preservation:
The growing focus on preventing foodborne illnesses is driving the use of peracetic acid as a disinfectant and sanitizer in food processing, packaging, and beverage industries. - Expanding Applications in Healthcare and Pharmaceuticals:
Peracetic acid is widely used for sterilization of medical instruments and surfaces, making it indispensable in hospitals, laboratories, and pharmaceutical production facilities. - Water and Wastewater Treatment Demand:
Municipalities and industries are increasingly using peracetic acid for water purification and wastewater disinfection due to its effectiveness and environmentally friendly breakdown into non-toxic byproducts. - Sustainability and Regulatory Push:
Stringent environmental regulations and the push toward biodegradable, chemical-safe disinfectants are boosting demand for peracetic acid over traditional chlorine-based alternatives. - Technological Advancements and Product Innovations:
Ongoing R&D efforts are enhancing product formulations and delivery systems, improving efficiency, shelf life, and ease of use across diverse industrial applications.
Key Players
- Solvay S.A.
- Evonik Industries AG
- Ecolab Inc.
- Mitsubishi Gas Chemical Company, Inc.
- Kemira Oyj
- Enviro Tech Chemical Services, Inc.
- SEITZ GmbH
- Aditya Birla Chemicals
- Christeyns
- National Peroxide Limited
Conclusion:
The peracetic acid market is on a promising growth trajectory, supported by its broad-spectrum applications, sustainability benefits, and alignment with global health and environmental priorities. Companies that focus on innovation, regulatory compliance, and eco-conscious solutions will be well-positioned to lead in this expanding global market.
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