Asia Pacific Peracetic Acid Market by Product Type, End-Use, and Country-wise Insights: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the Asia Pacific Peracetic Acid Market, providing an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges. This report offers valuable insights into the current market structure and future growth prospects, aiding stakeholders in making informed decisions.

Key Insights:

Asia Pacific Peracetic Acid Market Size (2024E): US$ 258.7 Mn
Projected Market Value (2033F): US$ 497.3 Mn
Asia Pacific Market Growth Rate (CAGR 2024 to 2033): 7.50%

Asia Pacific Peracetic Acid Market - Report Scope:

The Asia Pacific Peracetic Acid market is witnessing significant growth owing to its superior bleaching and disinfecting properties. The eco-friendly nature of peracetic acid, which degrades into oxygen, carbon dioxide, and water, positions it as a sustainable alternative to other chemicals. The rising awareness of environmental sustainability is expected to further drive market demand. Key end-use segments of this market include food and beverage, agrochemicals, detergents, water treatment, and others.

Market Growth Drivers:

The Asia Pacific peracetic acid market is witnessing significant growth due to several factors. Peracetic acid's high efficiency as a disinfectant sets it apart from other substitutes in the market, especially in terms of its bleaching and disinfecting capabilities. Additionally, its eco-friendly nature has fueled its widespread adoption across various industries, as it breaks down into non-harmful components. This has been further supported by the Environmental Protection Agency (EPA) exempting residual peracetic acid from regulatory restrictions in the food and beverage industry, enhancing its use in this sector. The food and beverage segment, in particular, is expected to grow at a CAGR of 9.1%, driven by the rising demand for aseptic packaging and sanitation solutions.

Market Restraints:

Despite the promising growth of the Asia Pacific peracetic acid market, several challenges persist. One major obstacle is the variation in regulatory frameworks across different countries within the region, which could hinder seamless market expansion. Additionally, the agrochemical sector, which initially contributed to market growth, is expected to face slower demand in the coming years, leading to a decline in market share over the forecast period. These factors could potentially limit the overall growth of the peracetic acid market in the region.

Market Opportunities:

The Asia Pacific peracetic acid market presents substantial growth opportunities, particularly due to the rising demand for water treatment solutions. As concerns over water safety increase, the use of peracetic acid as a water disinfectant is expected to grow significantly. Additionally, other industries such as dairy, household cleaning solutions, and cosmetics are also contributing to the market's expansion. The "others" segment, which includes these industries, is projected to experience a collective growth rate of over 13% by the end of 2024, further boosting the market's overall potential.

Key Questions Answered in the Report:

What are the primary factors driving the Asia Pacific Peracetic Acid market's growth?
Which regions and segments are expected to experience the highest demand for peracetic acid?
How does peracetic acid's eco-friendly nature influence its adoption in various industries?
What are the emerging trends and future growth opportunities for the Asia Pacific Peracetic Acid market?
Which end-use segments are poised for the fastest growth within the forecast period?

Competitive Intelligence and Business Strategy:

Leading players in the Asia Pacific Peracetic Acid market, including Solvay, Kemira, and Mitsubishi Gas Chemical, are focusing on expanding their market presence by leveraging technological advancements and increasing production capacity. Companies are also investing in R&D to develop more efficient and environmentally-friendly disinfecting solutions.

Key Companies Profiled:

Evonik Industries AG
Kemira Oyj
PeroxyChem LLC
Mitsubishi Gas Chemical Company Inc.
National Peroxide Limited
Solvay Peroxythai Ltd.
Qingdao Hiseachem Co., Ltd
Tianjin Xinyuan Chemical Co.,Ltd.
Aditya Birla Chemicals Limited
MGI Chemicals Pvt. Ltd.
Acuro Organics Limited
Others

Asia Pacific Peracetic Acid Market Segmentation

By Grade

PAA- Below 5%
PAA- 5% to 15%
PAA- above 15%

By End Use

Agrochemical
Detergent
Food & Beverage
Water Treatment
Textiles
Others

By Region

China
India
Japan
ASEAN Countries
Australia & New Zealand
Rest of Asia Pacific

Product Code: PMRREP12955

1. Executive Summary

2. Asia Pacific Peracetic Acid Market Introduction

2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent / Associated Market Overview

3. Asia Pacific Peracetic Acid Market Analysis Scenario

3.1. Market size (US$ Mn) and Volume (Tonnes) Analysis
- 3.1.1. Market size and Y-o-Y Growth
- 3.1.2. Absolute $ Opportunity
3.2. Market Size (US$ Mn) and Forecast
- 3.2.1. Market Size and Y-o-Y Growth
- 3.2.2. Absolute $ Opportunity
3.3. Market Overview
- 3.3.1. Pricing Analysis
- 3.3.2. Value Chain

4. Market Dynamics

4.1. Drivers
- 4.1.1. Supply Side
- 4.1.2. Demand Side
4.2. Restraints
4.3. Opportunity
4.4. Trends

5. Asia Pacific Peracetic Acid Market Analysis and Forecast, By Grade

5.1. Introduction
- 5.1.1. Basis Point Share (BPS) Analysis By Grade
- 5.1.2. Y-o-Y Growth Projections By Grade
5.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 5.2.1. PAA- below 5%
  - 5.2.1.1. H2O2 - Low (<= 20% conc.)
  - 5.2.1.2. H2O2 - High (> 20% conc.)
- 5.2.2. PAA- 5% to 15%
  - 5.2.2.1. H2O2 - Low (<= 20% conc.)
  - 5.2.2.2. H2O2 - High (> 20% conc.)
- 5.2.3. PAA- above 15%
  - 5.2.3.1. H2O2 - Low (<= 20% conc.)
  - 5.2.3.2. H2O2 - High (> 20% conc.)
5.3. Market Attractiveness Analysis By Grade

6. Asia Pacific Peracetic Acid Market Analysis and Forecast, By End Use

6.1. Introduction
- 6.1.1. Basis Point Share (BPS) Analysis By End Use
- 6.1.2. Y-o-Y Growth Projections By End Use
6.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 6.2.1. Agrochemical
- 6.2.2. Detergent
- 6.2.3. Food & Beverage
- 6.2.4. Water Treatment
- 6.2.5. Textiles
- 6.2.6. Other (Dairy, Household,etc.)
6.3. Market Attractiveness Analysis By End Use

7. Asia Pacific Peracetic Acid Market Analysis and Forecast, By Country

7.1. Introduction
- 7.1.1. Basis Point Share (BPS) Analysis By Country
- 7.1.2. Y-o-Y Growth Projections By Country
7.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Country
- 7.2.1. China
- 7.2.2. India
- 7.2.3. Japan
- 7.2.4. ASEAN Countries
- 7.2.5. Australia & New Zealand
- 7.2.6. Rest of Asia Pacific
7.3. Market Attractiveness Analysis By Country

8. China Peracetic Acid Market Analysis and Forecast

8.1. Introduction
- 8.1.1. Basis Point Share (BPS) Analysis
- 8.1.2. Y-o-Y Growth Projections
8.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 8.2.1. PAA- below 5%
  - 8.2.1.1. H2O2 -Low (<= 20% conc.)
  - 8.2.1.2. H2O2 -High (> 20% conc.)
- 8.2.2. PAA- 5% to 15%
  - 8.2.2.1. H2O2 -Low (<= 20% conc.)
  - 8.2.2.2. H2O2 -High (> 20% conc.)
- 8.2.3. PAA- above 15%
  - 8.2.3.1. H2O2 -Low (<= 20% conc.)
  - 8.2.3.2. H2O2 -High (> 20% conc.)
8.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 8.3.1. Agrochemical
- 8.3.2. Detergent
- 8.3.3. Food & Beverage
- 8.3.4. Water Treatment
- 8.3.5. Textiles
- 8.3.6. Other (Dairy, Household,etc.)
8.4. Market Attractiveness Analysis
8.5. Drivers and Restraints: Impact Analysis

9. India Peracetic Acid Market Analysis and Forecast

9.1. Introduction
- 9.1.1. Basis Point Share (BPS) Analysis
- 9.1.2. Y-o-Y Growth Projections
9.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 9.2.1. PAA- below 5%
  - 9.2.1.1. H2O2 -Low (<= 20% conc.)
  - 9.2.1.2. H2O2 -High (> 20% conc.)
- 9.2.2. PAA- 5% to 15%
  - 9.2.2.1. H2O2 -Low (<= 20% conc.)
  - 9.2.2.2. H2O2 -High (> 20% conc.)
- 9.2.3. PAA- above 15%
  - 9.2.3.1. H2O2-Low (<= 20% conc.)
  - 9.2.3.2. H2O2 -High (> 20% conc.)
9.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 9.3.1. Agrochemical
- 9.3.2. Detergent
- 9.3.3. Food & Beverage
- 9.3.4. Water Treatment
- 9.3.5. Textiles
- 9.3.6. Other (Dairy, Household,etc.)
9.4. Market Attractiveness Analysis
9.5. Drivers and Restraints: Impact Analysis

10. Japan Peracetic Acid Market Analysis and Forecast

10.1. Introduction
- 10.1.1. Basis Point Share (BPS) Analysis
- 10.1.2. Y-o-Y Growth Projections
10.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 10.2.1. PAA- below 5%
  - 10.2.1.1. H2O2 -Low (<= 20% conc.)
  - 10.2.1.2. H2O2 -High (> 20% conc.)
- 10.2.2. PAA- 5% to 15%
  - 10.2.2.1. H2O2 -Low (<= 20% conc.)
  - 10.2.2.2. H2O2 -High (> 20% conc.)
- 10.2.3. PAA- above 15%
  - 10.2.3.1. H2O2 -Low (<= 20% conc.)
  - 10.2.3.2. H2O2 -High (> 20% conc.)
10.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 10.3.1. Agrochemical
- 10.3.2. Detergent
- 10.3.3. Food & Beverage
- 10.3.4. Water Treatment
- 10.3.5. Textiles
- 10.3.6. Other (Dairy, Household,etc.)
10.4. Market Attractiveness Analysis
- 10.4.1. By Grade
- 10.4.2. By End Use
10.5. Drivers and Restraints: Impact Analysis

11. ASEAN Countries Peracetic Acid Market Analysis and Forecast

11.1. Introduction
- 11.1.1. Basis Point Share (BPS) Analysis
- 11.1.2. Y-o-Y Growth Projections
11.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 11.2.1. PAA- below 5%
  - 11.2.1.1. H2O2 -Low (<= 20% conc.)
  - 11.2.1.2. H2O2 -High (> 20% conc.)
- 11.2.2. PAA- 5% to 15%
  - 11.2.2.1. H2O2 -Low (<= 20% conc.)
  - 11.2.2.2. H2O2 -High (> 20% conc.)
- 11.2.3. PAA- above 15%
  - 11.2.3.1. H2O2 -Low (<= 20% conc.)
  - 11.2.3.2. H2O2 -High (> 20% conc.)
11.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 11.3.1. Agrochemical
- 11.3.2. Detergent
- 11.3.3. Food & Beverage
- 11.3.4. Water Treatment
- 11.3.5. Textiles
- 11.3.6. Other (Dairy, Household,etc.)
11.4. Market Attractiveness Analysis
- 11.4.1. By Grade
- 11.4.2. By End Use
11.5. Drivers and Restraints: Impact Analysis

12. Australia & New Zealand Peracetic Acid Market Analysis and Forecast

12.1. Introduction
- 12.1.1. Basis Point Share (BPS) Analysis
- 12.1.2. Y-o-Y Growth Projections
12.2. Market Size (US$ Mn) and Volume (Tonnes) Forecast By Grade
- 12.2.1. PAA- below 5%
  - 12.2.1.1. H2O2 -Low (<= 20% conc.)
  - 12.2.1.2. H2O2 -High (> 20% conc.)
- 12.2.2. PAA- 5% to 15%
  - 12.2.2.1. H2O2 -Low (<= 20% conc.)
  - 12.2.2.2. H2O2 -High (> 20% conc.)
- 12.2.3. PAA- above 15%
  - 12.2.3.1. H2O2 -Low (<= 20% conc.)
  - 12.2.3.2. H2O2 -High (> 20% conc.)
12.3. Market Size (US$ Mn) and Volume (Tonnes) Forecast By End Use
- 12.3.1. Agrochemical
- 12.3.2. Detergent
- 12.3.3. Food & Beverage
- 12.3.4. Water Treatment
- 12.3.5. Textiles
- 12.3.6. Other (Dairy, Household,etc.)
12.4. Market Attractiveness Analysis
12.5. Drivers and Restraints: Impact Analysis

13. Competition Landscape

13.1. Competition Dashboard
13.2. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
13.3. Global Players
- 13.3.1. Evonik Industries AG
- 13.3.2. Kemira Oyj
- 13.3.3. PeroxyChem LLC
- 13.3.4. Mitsubishi Gas Chemical Company Inc.
- 13.3.5. National Peroxide Limited
13.4. ASEAN Based Players
- 13.4.1. Solvay Peroxythai Ltd.
13.5. China Based Players
- 13.5.1. Qingdao Hiseachem Co., Ltd
- 13.5.2. Tianjin Xinyuan Chemical Co.,Ltd.
13.6. India Based Players
- 13.6.1. Aditya Birla Chemicals Limited
- 13.6.2. MGI Chemicals Pvt. Ltd.
- 13.6.3. Acuro Organics Limited