The Peracetic Acid Market is Predict to reach USD 1.8 Billion by 2031, at a CAGR of 7.5%

Peracetic Acid Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Peracetic Acid Market size is expected to reach $1.8 billion by 2031, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,031.23 hundred tonnes, experiencing a growth of 17.5% (2020-2023).

Peracetic acid products are customized to fulfill the requirements of various industries and applications through innovations in application-specific formulations. Customized solutions address specific challenges in food processing, healthcare, water treatment, agriculture, and other sectors, optimizing performance and efficacy. Research and development efforts focus on advancing green chemistry principles in peracetic acid production, formulation, and usage. Green synthesis methods, solvent-free processes, and recyclable packaging contribute to sustainability goals and eco-friendly practices in the peracetic acid market.

The Disinfectant segment is leading the Global Peracetic Acid Market by Application in 2023; thereby, achieving a market value of $914 Million by 2031. In the food and beverage industry, ensuring food safety and preventing microbial contamination are critical priorities. Peracetic acid is widely used for disinfecting food contact surfaces, processing equipment, and water treatment systems, helping to maintain food quality, extend shelf life, and comply with food safety regulations.

The Food & Beverage segment is growing at a CAGR of 6.6 % during the forecast period. Peracetic acid is widely used in the food & beverage segment to ensure food safety by eliminating microbial contaminants on food-contact surfaces, equipment, and packaging materials. Its broad-spectrum antimicrobial properties make it highly effective against bacteria, viruses, molds, and yeasts, helping to reduce the risk of foodborne illnesses and maintain product quality and integrity.

Full Report: https://www.kbvresearch.com/peracetic-acid-market/

The Asia Pacific region dominated the Global Peracetic Acid Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $672.8 Million by 2031. The Europe region is poised to grow at a CAGR of 6.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 7.2% during (2024 - 2031).

List of Key Companies Profiled

• Airedale Chemical Holdings Limited
• Evonik Industries AG (RAG-Stifung)
• Jubilant Pharmova Limited
• Ecolab, Inc.
• Kemira Oyj
• Diversey Holdings Ltd. (Solenis LLC)
• Acuro Organics Limited
• Solvay SA
• Lenntech B.V. 
• California Soda Company

Peracetic Acid Market Report Segmentation

By Application (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• Disinfectant
• Sanitizer
• Others

By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• Food & Beverage
• Healthcare
• Water Treatment
• Pulp & Paper
• Others

By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Peracetic Acid Market Size | Forecast - 2031

• April-2024
• 102 Pages

LAMEA Peracetic Acid Market Size | Industry Research 2031

• April-2024
• 115 Pages

Europe Peracetic Acid Market Size & Growth Analysis - 2031

• April-2024
• 115 Pages

Asia Pacific Peracetic Acid Market Size | Data Set - 2031

• April-2024
• 116 Pages