Global Peroxyacetic acid Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for peroxyacetic acid in various applications and rising demand for food & beverage industry, are some of the major factors driving the growth of the Global Peroxyacetic acid Market.
The Peroxyacetic acid Market is valued at USD 901.42 Million in 2021 and is expected to reach USD 1554.91 Million by 2028 with a CAGR of 8.1 % over the forecast period.
Peroxyacetic acid is an organic peroxide-based, colourless liquid with a low pH and a strong, pungent, vinegar-like odor. Liquid peroxyacetic acid was widely used in clean-in-place cleaning (CIP) in pharmaceutical and food applications. Its disinfectant by products were deemed safe for the environment. Peroxyacetic acid is a complex solution with different concentration grades. It is a very corrosive, strong oxidising agent and is more reactive than other available low-concentration products. For instance, the 35% peroxyacetic acid grade is the unstable one and has explosive characteristics. It can be dangerous when it comes into contact with combustible materials or other chemicals.
The covid-19 had positive impact on the global Peroxyacetic acid market. During pandemic, the demand of sanitizer, cleaning and disinfection products were increased due to increased awareness about the health, hygiene, and safety. In the pandemic hospitals are one of more sensitive place where the covid infection rapidly spread. During Covid-19 period, disinfected products were used in many more quantity as everyone was seeking hygiene so the Growth as well as the demand of the product rose. However, Covid pandemic has partially negative impacts is the food and beverage industry temporarily due to the closure of stores, unavailability of laborers, shortage of raw materials, and disruption in the supply chain. As a result, pandemic has had a mixed impact on the market for peroxyacetic acid.
The Global Peroxyacetic acid market is segmented on the basis of application and end-user. On the basis of application the Peroxyacetic acid is segmented into disinfectant and sanitizer, Sterilant and Others. By end-user Peroxyacetic acid market segmented into food & Beverages, pulp & Paper, Healthcare, Water Treatment, Medical, Agriculture.
The regions covered in the Global peroxyacetic acid market are North America, Europe, Asia Pacific, Latin America, and MEA. Based on country level the Peroxyacetic acid market is sub divided into U.S, Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait
Some major key players for the global peroxyacetic acid market report -
In the recent year, people are more health conscious due to the rising infectious diseases which further enhanced demand of sanitizer and disinfectant. Covid pandemic is one of the one major infectious disease which abrupt the demand of sanitizers. For example, India’s hand sanitizer production capacity went up by a staggering 1,000 times to 30 lakh liters per day from an annual production of mere 10 lakh liters. Additionally, peroxyacetic acid removes surface contaminants (primarily protein) on endoscopic tubing. The sterilant, 35% peroxyacetic acid, and an anticorrosive agent are supplied in a single-dose container. A cleaning and disinfection of surfaces in the hospital is becoming increasingly important in the multi-barrier approach for preventing infection, in addition to hand hygiene and proper reprocessing of medical devices. For example, India’s hand sanitizer production capacity went up by a staggering 1,000 times to 30 lakh liters per day from an annual production of mere 10 lakh liters. Huge use of sanitizer during pandemic has significantly increased the market sale for peroxyacetic acid worldwide.
Food and beverages industry is considered as one of the important hubs across the world. In which peroxyacetic acid plays an essential role in it. Peroxyacetic acid is among the most effective approaches for control of microbial contamination in the food. As it offers many benefits such as it is applied as a cleanser and as a disinfectant to food producers. Thus, it is used by many food manufacturing companies. For Example, Pilot Chemical Company and its subsidiary Mason Chemical Company established their peroxyacetic acid products to meet the rising demand for effective antimicrobial products for a diverse range of industries. These industries range from food protection, janitorial, oil & gas, commercial laundry, industrial water treatment and pulp and paper. Additionally, one large mid-western company produces dairy products aseptically using peroxyacetic acid and can ship their product anywhere in the U.S. without the need to refrigerate, thus greatly reducing shipping costs. As a result, this product is increasingly enhancing the market revenue.
However, elevation production cost and low awareness of the benefits associated with peroxyacetic acid may hinder the growth of the global peroxyacetic acid in market. On the contrary, massive utilization of peracetic acid as a sanitizer in the brewing as well as pharmaceutical industry is creating plethora of opportunities for the market in future.
Geographically, North America is expected to dominate the global peroxyacetic acid market within the forecast period due to the increasing consumption of food, increasing use of PAA in water treatment, and the presence of key players in this region. For example, according to Organization for Economic Co-operation and Development (OECD), in 2019; the consumption of food grains for food is estimated to increase by about 150 million tons during the projection period. Most PAA sanitizers will require to maintain between 24-85 ppm Peroxyacetic acid in postharvest processing water. Therefore, increasing consumption of food has expected to drive the market. In addition, the increasing use of PAA in water treatment is another factor supplementing the market growth in this region. Therefore, the peroxyacetic acid increasing expected to boost market growth over the forecast period.
Europe is the fastest-growing region in the global peroxyacetic acid market due to the increasing usage of food and beverage, and the high demand for peroxyacetic acid in this region. The packaging material is sterilized with a peroxyacetic acid solution during the manufacturing process to protect the beverage. Furthermore, in Europe, peroxyacetic acid is mostly exploited for the food & beverages industry, healthcare industry, and home care. They are used to sterilize or disinfect equipment, surfaces, reservoirs, and plastic bottles and pipes. In food and beverage packaging applications, many types of products are packaged in polyester (PET or PE) plastic bottles.
On September 23rd, 2021; PeraGuard, a patented formulation, was designed to improve eco-friendly biosecurity and sanitation on surfaces where conditions favor microorganism growth. The product is EPA registered for use in food and beverage facilities, as well as many other developed and processing settings. In addition, PeraGuard used on farms to control ammonia and odors.
On August 18th, 2020; Ecolab’s Synergex Sanitizer & Disinfectant is an EPA-registered mixed peracetic acid (PAA) based sanitizer and disinfectant that helps food and beverage manufacturers enhance food safety, quality surety, worker safety and air quality. Synergex Sanitizer & Disinfectant has been developed to kill 99.99% of Pseudomonas aeruginosa.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 901.42 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 1554.91 Million|
|Tables, Charts & Figures:||175|
|Companies||Solvay, Ecolab, Kemira, Evonik, Mitsubishi Gas Chemical, PeroxyChem, Airedale Chemical, Enviro Tech Chemical Services, Seitz, Belinka Perkemija|
|Segments Covered||By End-User, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us firstname.lastname@example.orgJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
124, City Road, London EC1V 2NX
© Copyright 2023-24 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®