Peracetic Acid Market Size, Share, and Growth Analysis, By Grade (Solution Grade, Distilled Grade), By Application (Disinfectant, Sterilant), By End-Use, By Region - Industry Forecast 2025-2032

Peracetic Acid Market size was valued at USD 1339.65 million in 2023 and is poised to grow from USD 1444.14 million in 2024 to USD 2633.66 million by 2032, growing at a CAGR of 7.8% during the forecast period (2025-2032).

The global peracetic acid market is poised for growth, largely driven by the rising demand from the water treatment industry, spurred by increasing population and water scarcity concerns. Rapid industrialization necessitates clean water for consumption, fueling the demand further. Additionally, the expansion of sectors such as paper and textiles exacerbates this need. Peracetic acid's environmental friendliness enhances its appeal, particularly in the medical sector for sterilizing instruments, bolstered by government healthcare investments. However, market growth faces challenges due to the compound's highly flammable and corrosive nature, which poses risks of severe skin and eye injuries. Consequently, while opportunities for growth are significant, careful management of safety concerns will be crucial for the industry's progress.

Top-down and bottom-up approaches were used to estimate and validate the size of the Peracetic Acid market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Peracetic Acid Market Segments Analysis

Global Peracetic Acid Market is segmented by Grade, Application, End-Use and region. Based on Grade, the market is segmented into Solution Grade and Distilled Grade. Based on Application, the market is segmented into Disinfectant, Sterilant, Sanitizer, Oxidizer and Other Applications. Based on End-Use, the market is segmented into Healthcare, Food and Beverage,Water Treatment, Pulp and Paper, Chemicals and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Peracetic Acid Market

The peracetic acid market is experiencing significant growth, primarily driven by its increasing adoption for wastewater disinfection. Utility companies utilize this potent disinfectant to eliminate pathogenic organisms that contribute to waterborne diseases, effectively targeting a range of harmful microbes such as bacteria, helminths, spores, and protozoa. Peracetic acid is available in concentrations from 5% to 22%, and when dissolved in water, it yields highly reactive Hydrogen Peroxyl (HO2) and Hydroxyl (OH) radicals, which are essential for effective microbial disinfection. Consequently, the rising demand for advanced wastewater treatment processes is propelling the global market for peracetic acid.

Restraints in the Peracetic Acid Market

The peracetic acid market faces significant challenges due to the compound's highly unpleasant odor and corrosive nature. Exposure to this chemical poses various hazards, affecting skin, eyes, and the respiratory system, which raises safety concerns among users. Moreover, peracetic acid reacts violently with soft metals like brass, copper, iron, and zinc, leading to potential damage and increasing risk during handling and storage. Consequently, these dangers associated with exposure and the aggressive interactions with certain materials hinder the growth of the global peracetic acid market, as manufacturers and consumers remain wary of its adverse effects and potential liabilities.

Market Trends of the Peracetic Acid Market

The Peracetic Acid market is poised for significant growth driven by rising consumer purchasing power and evolving lifestyles in both emerging and developed regions. The increasing number of working women and expanding urban populations are fueling demand for processed foods and enhanced water quality solutions. Peracetic acid, recognized for its efficacy as a preservative in meat, poultry, and fish products, is becoming increasingly essential in the food processing sector. This trend is complemented by heightened awareness of food safety and hygiene standards, further propelling the adoption of Peracetic Acid across various applications, thereby solidifying its market presence in the coming years.