The Peracetic acid market provides environment friendly and cost effective sterilization solutions to various end use industries like healthcare, food & beverage and water treatment. Peracetic acid is widely used as an antiseptic and disinfectant owing to its strong sterilizing properties. It is known to kill variety of microorganisms including bacteria, spores, viruses and yeast in extremely low concentrations.

The Global Peracetic Acid Market is estimated to be valued at US$ 1,093.1 Mn in 2024 and is expected to exhibit a CAGR of 7.8% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Peracetic acid market are Kemira Oyj, Solvay S.A., Promox S.p.A., Evonik Industries, Ecolab Inc., Thai Peroxide Limited, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC, Diversey Inc., Aditya Birla Chemicals Ltd., Christeyns NV, Acuro Organics Limited, RX CHEMICALS, Swiss Chemi Pvt. Ltd, and Brainerd Chemical Company. These players are focused on capacity expansion and new product launches to strengthen their market presence.

The Peracetic Acid Market Demand include growing demand from food industry for disinfection of raw meats and vegetables. Also, increasing requirements from healthcare sector to sterilize hospital equipment and infrastructure is boosting the demand. Technological advancements revolving around development of environment friendly and efficient production processes are further fueling the peracetic acid market growth.

Market Drivers

Stringent regulations regarding hygiene and safety across various industries have augmented the demand for peracetic acid based sterilants and disinfectants. Also, Peracetic Acid Market Size And Trends about environmental and health hazards of chlorine based compounds is a key factor propelling the peracetic acid market revenues. The product causes minimal toxic residue and breaks down to oxygen, water and acid which contribute to its increasing preference over other sterilants.

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