Peracetic Acid Market Report: Trends, Forecast and Competitive Analysis to 2031

The future of the global peracetic acid market looks promising with opportunities in the healthcare, food & beverage, water treatment, and pulp & paper markets. The global peracetic acid market is expected to reach an estimated $1.7 billion by 2031 with a CAGR of 7.0% from 2025 to 2031. The major drivers for this market are an increase in peracetic acid usage in the pharmaceutical sector, the growing use of peracetic acid for effective water treatment solutions, and the increasing need to sanitize surgical instruments.

• Lucintel forecasts that, within the application category, disinfectant will remain the largest segment over the forecast period due to its efficiency, minimal toxicity, and environmental friendliness, along with its broad use in a variety of industries, such as agriculture, water purification, food & beverage, and healthcare.
• In terms of regions, Europe will remain the largest region over the forecast period due to the increasing use of this chemical in the food and beverage, health care, and water treatment sectors in this region's nations, particularly the UK, Germany, and France.

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Emerging Trends in the Peracetic Acid Market

The peracetic acid market is determined by several emerging trends. Growing demand driven by technological development, increasing regulatory demands, and fast-changing industrial needs shape the future of the market, affecting product development and various applications. Understanding these emerging trends is crucial to competing and appealing to the ever-evolving demands within the industry.

• Green Chemistry and Sustainable Production: The green chemistry trend is pushing the peracetic acid market to adopt production and formulation methods that are environmentally friendly. Several companies are working to invent processes that generate minimal waste and reduce energy consumption. Companies are trying to find innovative ways to improve production technology without compromising efficiency, while also reducing the ecological footprint of peracetic acid. This direction toward sustainability aligns with the environmental goals of major countries and addresses the increasing demand for eco-friendly products.
• Enhanced Demand in Water Treatment Processes: Peracetic acid is seeing an increasing usage rate in water treatment due to its profound effectiveness in disinfection and the removal of organic contaminants. This drives the need for safe and clean water sources, with increased adoption at municipal and industrial water treatment facilities. The development of peracetic acid formulations is improving its performance and applicability for various water treatment scenarios, thus driving its usage in this segment.
• Growing Applications in Healthcare: The use of peracetic acid is growing in the healthcare industry due to its strong sterilization and disinfection action. The increased focus on infection control and high-quality sterilization methods is driving the demand for peracetic acid within hospitals, clinics, and pharmaceutical manufacturing. Advancements in peracetic acid formulation have increased its effectiveness and safety for healthcare applications, encouraging the trend toward state-of-the-art infection control measures.
• Technological Advancements in Production: Technological advancements in the production process of peracetic acid are enhancing efficiency, safety, and product quality over time. Innovations related to continuous flow reactors and monitoring systems are some of the advanced technologies that have improved the accuracy of peracetic acid synthesis. There is high value in technological development that improves product quality, reduces production costs, and increases safety, all of which help the market grow competitively.
• Regulatory Compliance and Safety Standards: Increasingly strict regulations and safety standards are benefiting the peracetic acid market. Different governments and organizations are issuing new, more stringent directives regarding the usage and handling of peracetic acid, focusing on minimizing its environmental impact and ensuring the safety of workers dealing with it. Companies are therefore working to produce products that comply with these regulations. Many firms are investing in technologies that further improve the safety and environmental performance of this chemical, thus steering market growth.

Green chemistry, increasing demand for water treatment, increasing use in healthcare, technological development, and regulatory compliance are some of the emerging trends in the peracetic acid market. These trends drive innovation, improve product performance, and address growing environmental and safety concerns. As the market evolves, it becomes essential for stakeholders to adhere to these trends to remain competitive and meet the growing demands of diverse applications.

Recent Developments in the Peracetic Acid Market

The new improvements in production technologies and higher regulatory hurdles, along with the emerging needs of industries, have led to dynamic changes in the peracetic acid market. Current developments indicate how these factors have been particularly triggering industrial responses, bringing novelty into inventions and adaptations in this market. Understanding these developments means gaining a better understanding of how the market functions at this moment and where it is headed.

• Improved Production Technologies: Improvements in peracetic acid manufacturing technologies have primarily focused on enabling a fast and efficient production process under safe conditions. Advances in continuous production processes and monitoring systems have resulted in a more homogeneous and higher quality of peracetic acid. These manufacturing technologies reduce production costs and raise overall safety standards, thus encouraging growth and increasing demand from various industries for better-quality products.
• Expansion into Emerging Markets: The market for peracetic acid is growing in developing economies due to the increasing pace of industrialization and urbanization. High demand has been established in regions such as Asia-Pacific and Latin America for end-use industries, including water treatment and agriculture. Some firms are also investing in these markets to capitalize on the potential opportunities created by rising infrastructure development and improved sanitation programs.
• Technological Innovations in Applications: Technological innovations have expanded the range of applications for peracetic acid. Improved formulations and delivery methods enhance the functionality of peracetic acid in industries such as healthcare, foodstuffs, and water treatment. These innovations have acted as market drivers, making solutions more versatile and efficient in meeting diversified industrial requirements.
• Increased Focus on Sustainability: The demand for sustainability in the peracetic acid market is gaining momentum. Companies are striving to develop products and processes that reduce environmental impacts. Production methods that generate less waste and save energy are currently the focus. This emphasis on sustainability aligns with global environmental objectives, inspiring new ideas for producing peracetic acid.

Improved production technologies, updated regulations, market expansions, new technologies, and the focus on sustainability are some of the key contemporary developments in the peracetic acid market. These developments reflect the way forward for the growth of the market, driven by changing demands and regulatory pressures. These trends will shape the future direction of the peracetic acid market as the industry moves forward with them.

Strategic Growth Opportunities for Peracetic Acid Market

The market for peracetic acid shows different growth opportunities at the strategic level, considering various applications. It involves growing demand, technological advancement, and a focus on sustainability. Therefore, exploring key applications in which investigating companies can identify expansion opportunities to capitalize on emerging trends for growth in the peracetic acid market is essential.

• Water Treatment: The water treatment segment is a significant growth area for peracetic acid, which acts as an efficient disinfectant in the water treatment market. Increasing awareness of water quality and safety opens up applications for peracetic acid in both municipal and industrial water treatment processes. Developing specific peracetic acid solutions to address particular water treatment issues and comply with regulatory requirements will provide expansion opportunities for companies involved in this sector.
• Healthcare and Pharmaceuticals: Increasing demand for effective sterilization and disinfection in healthcare and pharmaceutical industries creates growth opportunities and new business avenues for peracetic acid. This makes the product increasingly popular in health centers and pharmaceutical production lines, where high-quality sterilization of equipment and products is essential. Companies can capitalize on these opportunities by offering innovative peracetic acid products that meet high safety and effectiveness standards.
• Food and Beverage Industry: The food and beverage industry represents a major and growing market for peracetic acid. As expected, this evolving need drives the demand for sanitization and preservation within the industry. Due to the demand for product safety and extended shelf life, peracetic acid has many applications in food processing and packaging. Companies can take advantage of this opportunity by formulating peracetic acid products that meet the specific needs of the industry while complying with food safety regulations.
• Agriculture and Crop Protection: Peracetic acid is gaining interest for agricultural applications in crop protection and soil sanitizing. Additionally, as interest in sustainable agriculture grows, peracetic acid offers a greener alternative to harsher traditional chemicals. Companies can formulate peracetic acid-based products that contribute to crop health and promote sustainable farming practices.
• Industrial Cleaning and Sanitization: The industrial cleaning and sanitization sector offers a growth opportunity for peracetic acid, as it has proven effective in eliminating impurities and maintaining hygiene. Manufacturing and processing industries, among others, depend on reliable cleaning solutions to maintain operational standards. Companies can expand their presence in the market by offering cleaning solutions that use peracetic acid, addressing industry demands for efficiency and safety.

Strategic growth opportunities for peracetic acid are firmly situated in water treatment, healthcare, food and beverages, agriculture, and industrial cleaning. By focusing on these vital areas, companies can capture emerging industry trends while addressing specific needs. These opportunities are expanding the market and injecting innovative thinking into the development of the peracetic acid industry.

Peracetic Acid Market Driver and Challenges

The drivers and challenges exist that influence growth and development in the peracetic acid market. Technological developments, economic factors, and regulatory requirements form the basis of various market dynamics. Each stakeholder needs to be aware of these drivers and challenges to understand how to work within them and identify possible growth opportunities.

The factors responsible for driving the peracetic acid market include:

• Increasing Demand for Efficient Disinfection: The rise in demand due to the requirement for disinfection solutions in major industries, such as healthcare, water treatment, and food processing, is the main growth factor for the peracetic acid market. Peracetic acid possesses strong disinfecting action and, as such, is a better option for high-level sanitizing applications. Hence, demand is growing, which in turn acts as a promotional influence to encourage advanced developments in peracetic acid products.
• Technological Advancements in Production: Technological changes in the manufacture of peracetic acid involve enhancing efficiency and safety, and product quality has also been upgraded. Innovations such as continuous flow reactors and advanced monitoring systems can pave the way for improvements in production processes and cost reduction. These advancements contribute to market growth by enabling higher-quality production of peracetic acid to meet increasing demand.
• Regulatory Support and Standards: The increased consumption of peracetic acid is facilitated by favorable regulatory frameworks and safety standards. Governments and regulatory bodies implement various regulations to ensure the active and efficient deployment of peracetic acid in a variety of fields. Compliance with such regulations promotes the use of peracetic acid and drives the market.
• Environmental Sustainability: Environmental sustainability has emerged as one of the major factors in the peracetic acid market and is encouraging more 'green' products and methods of manufacture. Companies also try to minimize the ecological footprint of their operations by implementing sustainable practices that help them stay within regulatory limits. With these trends, the focus on sustainability is fostering innovation in the manufacturing of peracetic acid and, thus, shaping market trends.
• Expanding Industrial Applications: Growth has occurred in many industrial applications, including water treatment, agriculture, and industrial cleaning, contributing to the rise of the market. Since peracetic acid is well-placed to take advantage of the industrial trend, industries are seeking practical solutions to problems in various sectors. Versatility combined with effectiveness makes peracetic acid a welcomed option, and the widening scope of applications supports market growth and new product development.

Challenges in the peracetic acid market are:

• High Production Costs: High production costs inhibit the profitability and market competitiveness of peracetic acid. These factors may relate to a host of raw materials, manufacturing processes, and safety implications that ultimately determine the overall cost of peracetic acid products. Therefore, companies should actively seek cost-efficient production methods and process optimization to maintain control over production costs.
• Environmental and Safety Considerations: Environmental and safety-related concerns in handling and usage create challenges for the market. Safety in the storage, transport, and application of peracetic acid will be crucial to managing the associated risks. Thus, companies need to invest in safety and environmental protection measures by adhering to environmental legislation.
• Supply Chain Disruptions: Supply chain disruptions-the unavailability of raw materials, logistical problems, and others-might impact production and distribution. Firms should develop supply chain risk management strategies to ensure a stable supply of peracetic acid to meet market demand.

Drivers that have been influencing the growth of the peracetic acid market include increased demand for disinfection, support from technology, and regulatory backing; additionally, sustainability and wider applications are playing a role. The other factors affecting the market include production costs, environmental and safety issues, and disruptions in the logistical chain. Overcoming such factors is necessary for effective market navigation while capitalizing on opportunities.

List of Peracetic Acid Companies

Companies in the market compete based on product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, peracetic acid companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the peracetic acid companies profiled in this report include-

• Solvay
• Evonik Industries
• Ecolab
• Mitsubishi Gas Chemical
• Enviro Tech Chemical Services
• Jubilant Life Sciences
• National Peroxide
• Kemira
• Seeler Industries
• Airedale Chemicals

Peracetic Acid by Segment

The study includes a forecast for the global peracetic acid market by grade, application, end use, and region.

Peracetic Acid Market by Grade [Analysis by Value from 2019 to 2031]:

• <5% Grade
• 5-15% Grade
• >15% Grade

Peracetic Acid Market by Application [Analysis by Value from 2019 to 2031]:

• Disinfectant
• Sterilant
• Sanitizer
• Others

Peracetic Acid Market by End Use [Analysis by Value from 2019 to 2031]:

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

Peracetic Acid Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Peracetic Acid Market

Peracetic acid can be considered a very potent and effective compound in terms of disinfection, thus finding wide use in many industries as an effective sterilizer, water treatment, and chemical synthesis. Recent trends in the peracetic acid market are toward environmental sustainability, compliance with regulations, and technological advancements. Key markets like the United States, China, Germany, India, and Japan show diverse trends driven by local industry demands, fluctuations in regulatory changes, and technological innovations. Understanding this regional development will help in understanding the changing dynamics of the global peracetic acid market.

• United States: Demand for peracetic acid in the United States has been driven by the unabated demand from its major end segments, the food and beverage industries, for disinfection and sanitizing agents. Recent developments involve improvements in production technology, enhancing stability and safety in peracetic acid solutions. The FDA has also revised some of its guidelines as it regulates the use of peracetic acid in food processing to make it much safer. The trend for green chemistry and sustainable practices suggests that there will be continuous innovation in the ways peracetic acid is produced, with minimal environmental impact and increased efficiency.
• China: Peracetic acid market demand has been phenomenal in China due to rapid industrialization and higher demand for water treatment and textiles. More advanced manufacturing technologies are being adopted to scale up and enhance the quality of peracetic acid. Strict environmental controls have also been issued by the Chinese government, urging companies toward greener methods of production. The increasing trend in urbanization and industrial activities is driving demand for effective disinfection solutions, contributing to the growth of the market.
• Germany: The demand for peracetic acid is high in Germany, where the direction of development focuses on ecological safety and high standards of safety. Recent years have seen the implementation of more advanced production methods, reducing the carbon footprint during the production of the acid. Other sectors demanding more consumption of peracetic acid in the German market due to its effectiveness in sterilization and disinfection processes include the healthcare and pharmaceutical sectors. In particular, the strict regulatory environment within the country drives innovation in formulating products that meet safety and environmental standards.
• India: Growth in the Indian market has been rapid. Demand for peracetic acid is primarily driven by the treatment of water and the agricultural sectors. Recent investments have been made toward infrastructural improvements to enhance production capabilities, in addition to the introduction of peracetic acid solutions tailored to meet Indian market specifications. The need for effective disinfectants is increasing as the Indian government seeks to improve sanitation and maintain better water quality. Furthermore, there is an increasing focus on cost-efficient production processes and localized solutions to address the diversified needs of the Indian market.
• Japan: Japan represents a market influenced by advanced technology innovations with high attention to safety and environmental impact. Recent developments also include the adoption of the latest production technologies that enhance efficiency and safety in peracetic acid applications. New applications in the healthcare and food industries are also emerging in the Japanese domestic market, driven by a growing demand for high-quality disinfection solutions. This trend encourages the Japanese government to focus on chemical safety and further environmental protection, enabling more effective and sustainable product development related to peracetic acid.

Features of the Global Peracetic Acid Market

Market Size Estimates: Peracetic acid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Peracetic acid market size by grade, application, end use, and region in terms of value ($B).

Regional Analysis: Peracetic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grades, applications, end uses, and regions for the peracetic acid market.

Strategic Analysis: This includes M&A, new product development, and the competitive landscape of the peracetic acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers the following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the peracetic acid market by grade (<5% grade, 5-15% grade, and >15% grade), application (disinfectant, sterilant, sanitizer, and others), end use (healthcare, food & beverage, water treatment, pulp & paper, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?