+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Peracetic Acid - Global Strategic Business Report

  • PDF Icon

    Report

  • 423 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030455

Global Peracetic Acid Market to Reach $1.6 Billion by 2030

The global market for Peracetic Acid estimated at US$941.4 Million in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Disinfectants, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$765.4 Million by the end of the analysis period. Growth in the Sanitizers segment is estimated at 6.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $258.7 Million, While China is Forecast to Grow at 10.5% CAGR

The Peracetic Acid market in the U.S. is estimated at US$258.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$262 Million by the year 2030 trailing a CAGR of 10.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Select Competitors (Total 62 Featured)

  • Acuro Organics Limited
  • Biosan, LLC
  • California Soda Company
  • Diversey, Inc.
  • Ecolab Inc.
  • Enviro Tech Chemical Services, Inc.
  • Evonik Industries AG
  • Kemira OYJ
  • Lenntech B.V.
  • Mitsubishi Gas Chemical Company, Inc.
  • Seeler Industries Inc
  • Solvay SA
  • Tanfac Industries Ltd
  • The Vincit Group

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Peracetic Acid Market

What is the estimated value of the Peracetic Acid Market?

The Peracetic Acid Market was estimated to be valued at $941.4 Million in 2022.

What is the growth rate of the Peracetic Acid Market?

The growth rate of the Peracetic Acid Market is 6.9%, with an estimated value of $1600 Million by 2030.

What is the forecasted size of the Peracetic Acid Market?

The Peracetic Acid Market is estimated to be worth $1600 Million by 2030.

Who are the key companies in the Peracetic Acid Market?

Key companies in the Peracetic Acid Market include Acuro Organics Limited, Biosan, LLC, California Soda Company, Diversey, Inc., Ecolab Inc., Enviro Tech Chemical Services, Inc., Evonik Industries AG, Kemira OYJ, Lenntech B.V. and Mitsubishi Gas Chemical Company, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
  • Here’s How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • Here’s What’s Causing Inflationary Pressures in the Global Market
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Impact of COVID-19 on Infection Control Market
  • Potential Correlation between Contaminated Water and COVID-19 Transmission Creates Opportunity for Peracetic Acid
  • Competitive Scenario
  • Peracetic Acid - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Peracetic Acid Market to Continue Brimming with Effervescent Radiance
  • COVID-19 Pandemic Tips the Scale in Favor of Global Peracetic Acid Market
  • Peracetic Acid: A Prelude
  • Global Peracetic Acid Market Maintains Zestful Stance with Promising Dynamics
  • Market Drivers
  • Market Opportunities
  • Market Restraints & Challenges
  • Analysis by Application
  • World Peracetic Acid Market by Application (2023 & 2030): Percentage Breakdown of Value Sales for Disinfectants, Sanitizers, Sterilants, and Other Applications
  • Analysis by End-Use
  • World Peracetic Acid Market by End-Use (2023 & 2030): Percentage Breakdown of Value Sales for Food & Beverage, Healthcare, Water Treatment, Pulp & Paper, and Other End-Uses
  • Regional Analysis
  • World Peracetic Acid Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2023 & 2030)
  • World Peracetic Acid Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: Asia-Pacific, Latin America, Middle East, Africa, China, Canada, USA, Europe, and Japan
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Biocides Market Enjoys Thrilling Crescendo with Massive Pandemic Push
  • Hand Disinfection & Hygiene
  • Peracetic Acid for Surface Sanitization
  • PAA for Wastewater Disinfection
  • Growing Importance of Hygiene Drive Peracetic Acid Demand in Food & Beverage Industry
  • Demand for Peracetic Acid Benefit from the Growing Demand for Packaged Food: World Retail Market for Food & Beverages (in US$ Trillion) for the Years 2017 & 2022E
  • Peracetic Acid Comes to Rescue for Food Industry & Laundries amid COVID-19 Crisis
  • Food Industry Witnesses Increased Use of PAA Disinfection
  • Healthy Market for Processed Food to Benefit Demand for Peracetic Acid in the Food Processing Sector
  • Global Processed Foods Market Revenues (in $ Billion) for the Years 2019, 2022 and 2025
  • Dairy Products: Churning Out New Opportunities for Peracetic Acid
  • Global Production of Butter, Cheese, Skim Milk Powder, and Whole Milk Powder (in Kilo Tons) by Developed and Developing Countries for 2017 and 2026
  • Strong Demand for Beverages Spurs Growth
  • Global Beverage Market (2022E): Percentage Breakdown of Sales by Beverage Type - Beer, Carbonated Soft Drinks, Coffee, Fruit & Vegetable Juices, Milk, Packaged Water, Tea and Others
  • Improving Healthcare Expenditure to Bode Well for Market Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Automated Machines for Peracetic Acid-based Sterilization
  • PAA Dry Fog Fumigation for Disinfection of Surfaces in Healthcare Facilities during COVID-19 Surges
  • Increasing Prevalence of Chronic Disorders, Rise in Surgical Procedures and the Need to Prevent Transmission of Infections Fuels Market Growth
  • No. of Surgical Procedures in Aging Population in the US (2016, 2018 & 2022)
  • Leading Nosocomial Infections in the US: Percentage Breakdown of Healthcare Cost by Infection Type
  • Central Line-Associated Bloodstream Infection (CLABSI) SIR in the US Hospitals: 2010 to 2016
  • Catheter-associated Urinary Tract Infection (CAUTI) SIR in the US Hospitals: 2010 to 2016
  • Surgical Site Infections SIR of Abdominal Hysterectomy in the US Hospitals: 2010-2021
  • Sterilization Equipment Market Witnesses Rapid Growth
  • Government Support to Ensure Infection Control in Clinical Settings to Boost Demand for Infection Control Products
  • Deteriorating Quality of Water: Throws Emphasis on Water Treatment
  • Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
  • Percentage of Wastewater Treatment in Europe, Asia, Latin America, and Africa
  • World Fresh Water Resources: Percentage Breakdown by Sources of Fresh Water
  • Internal Water Resource Per Capita Ranked by Country - US, France, China, Germany, India, Netherlands and Saudi Arabia (in Cubic Meters)
  • Peracetic Acid (PAA) to Emerge as a Progressive Chemical Option for Wastewater and Potable Water Disinfection
  • Peracetic Acid Garners Attention as Sterilization Option of the Moment
  • PAA for Disinfecting Wastewater in US States
  • Growing Industry Focus on Water Reuse amid Looming Water Crisis Benefits Demand for Peracetic Acid
  • Factors Driving the Need for Water Reuse
  • Applications of Water Reuse
  • Select Stats Highlighting World Water Crisis and Need for Water Reuse
  • World Water Resources: Percentage Breakdown by Water Quality
  • Increasing Levels of Water Contamination Drive the Need for Peracetic Acid
  • Water & Wastewater Industry: Focus on Infrastructure Development Drives Demand
  • Paper & Pulp Remains Key End-Use Market for Peracetic Acid
  • Despite Digitalization and the Global Exodus towards a Paperless World, Paper Production Continue to Grow
  • Global Production Capacity of Paper and Paperboard in Million Metric Tons: 2019-2025
  • Leading Paper Producing Nations in the World (2019)
  • E-Commerce Leads to Boom in Paper Packaging
  • Global e-Commerce Market Growth Outlook (In %) For Years 2019 Through 2025
  • Global B2C E-Commerce Sales in US$ Trillion for the Years 2019, 2020, 2021, 2022, 2023, 2024, and 2025
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Peracetic Acid Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Peracetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Peracetic Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Peracetic Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Disinfectants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Disinfectants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Disinfectants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Sanitizers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Sanitizers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Sanitizers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Sterilants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Sterilants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Sterilants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Water Treatment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Water Treatment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Water Treatment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Pulp & Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Pulp & Paper by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Pulp & Paper by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 31: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Peracetic Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Peracetic Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • EUROPE
  • Peracetic Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Peracetic Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Peracetic Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Acuro Organics Limited
  • Biosan, LLC
  • California Soda Company
  • Diversey, Inc.
  • Ecolab Inc.
  • Enviro Tech Chemical Services, Inc.
  • Evonik Industries AG
  • Kemira OYJ
  • Lenntech B.V.
  • Mitsubishi Gas Chemical Company, Inc.
  • Seeler Industries Inc
  • Solvay SA
  • Tanfac Industries Ltd
  • The Vincit Group