Peracetic Acid Market Report 2025

This Peracetic Acid market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The peracetic acid market size has grown rapidly in recent years. It will grow from $1.13 billion in 2024 to $1.25 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to growing meat production industry, increase in demand from food and beverages industry, widespread adoption of peracetic acid in the agricultural sector, rising adoption for efficient water treatment solutions, demand for high quality biocide products.

The peracetic acid market size is expected to see rapid growth in the next few years. It will grow to $1.83 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rise in use of peracetic acid in the pharmaceutical industry, growing demand for high-quality paper products, demand for safe drinking water, surge in healthcare expenditure, growing global population. Major trends in the forecast period include advanced infrastructure, integration of advanced reactors, optimized production processes, bio based production, development of advanced heterogeneous catalyst.

The increasing demand for safe drinking water is expected to drive the growth of the peracetic acid market. This rising demand is fueled by factors such as population growth, urbanization, industrialization, increased agricultural needs, and the effects of climate change on water resources, leading to greater competition for limited freshwater supplies. Peracetic acid is crucial for ensuring water safety because it effectively disinfects pathogens without leaving harmful residues or byproducts, promoting both water safety and environmental sustainability. For instance, a February 2024 report from the United Nations Educational, Scientific, and Cultural Organization (UNESCO) indicated that as of 2022, 2.2 billion people still lacked access to safely managed drinking water, with four out of five individuals without basic drinking water services residing in rural areas. Hence, the growing need for safe drinking water is driving the expansion of the peracetic acid market.

Major companies in the peracetic acid market are concentrating on developing innovative products like recirculating aquaculture systems (RAS) and biocides to boost productivity. Recirculating aquaculture systems represent a sustainable fish farming approach that recycles water to maintain optimal quality while minimizing environmental impact, enabling high-density fish farming and promoting water conservation. Biocides are chemical agents used to eliminate or control harmful organisms such as bacteria, fungi, viruses, and pests across various applications, including disinfection, pest management, and water treatment. For example, in May 2023, Evonik introduced VIGOROX Trident, designed to effectively reduce fish pathogens in recirculating aquaculture systems and ponds, even in the presence of fish. The primary objective is to provide an effective solution for managing water quality and minimizing waterborne fish pathogens in aquaculture.

In January 2024, Evonik Industries AG, a chemical company based in Germany, acquired Thai Peroxide Co. Ltd. for an undisclosed sum. This acquisition is intended to bolster Evonik's hydrogen peroxide and peracetic acid specialties business in the rapidly expanding Asia Pacific region, enhancing its ability to provide customized solutions for a variety of industrial applications. Thai Peroxide Co. Ltd. is a chemical manufacturing company located in Thailand, specializing in the production of hydrogen peroxide and peracetic acid.

Major companies operating in the peracetic acid market are Brenntag AG, Evonik Industries AG, Ecolab Inc., Univar Solutions Inc., Solvay S.A., FMC Corporation, Mitsubishi Gas Chemical Co Inc., Steris Corporation, Kemira Chemicals, Hawkins Inc., Hydrite Chemical Co., Christeyns NV, PeroxyChem LLC, Spectrum Chemical Manufacturing Corp., Airedale Chemical Company, Seeler Industries Inc, Chemtex Speciality Ltd., Acuro Organics Limited, Promox S.p.A., A. B. Enterprises, Evans Chem India Pvt. Ltd.

North America was the largest region in the peracetic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peracetic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the peracetic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Peracetic acid, with the formula CH₃CO₃H, is a highly reactive and versatile chemical compound. It is produced by combining hydrogen peroxide and acetic acid, resulting in a colorless liquid with a strong vinegar-like odor. Known for its potent oxidizing properties, peracetic acid is widely used as a disinfectant, sanitizer, and bleaching agent due to its broad-spectrum antimicrobial capabilities.

There are two main grades of peracetic acid, solution grade and distilled grade. The solution grade refers to peracetic acid that is formulated for immediate use, typically mixed with water and other stabilizers to achieve a specific concentration. This grade is utilized in various applications including disinfectants, sterilants, and sanitizers across multiple industries such as healthcare, food and beverage, water treatment, and pulp and paper.

The peracetic acid market research report is one of a series of new reports that provides peracetic acid market statistics, including peracetic acid industry global market size, regional shares, competitors with a peracetic acid market share, detailed peracetic acid market segments, market trends and opportunities, and any further data you may need to thrive in the peracetic acid industry. This peracetic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The peracetic acid market consists of sales of water treatment chemicals, industrial cleaners, antimicrobial surface sprays, pulp and paper bleaching agents. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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