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Peracetic Acid Market Size and Market Trends: Complete Industry Overview (2024 to 2031
Market Overview and Report Coverage
Peracetic acid is a powerful oxidizing agent that is commonly used as a disinfectant in various industries such as food and beverage, healthcare, and water treatment. Its antimicrobial properties make it an effective solution for eliminating harmful bacteria, viruses, and fungi. The Peracetic Acid Market is expected to grow at a CAGR of % during the forecasted period.
The future outlook for the Peracetic Acid Market looks promising, with increasing demand for disinfectants and sanitizers in light of the ongoing COVID-19 pandemic. The rising awareness about the importance of maintaining hygiene in various sectors is driving the market growth. Additionally, stringent regulations regarding food safety and water quality are further fueling the demand for peracetic acid.
Market trends include growing adoption of eco-friendly disinfectants, technological advancements in production processes, and increasing investment in research and development activities. The market forecast suggests a steady growth trajectory for peracetic acid, with key players focusing on expanding their product offerings and geographical presence to capitalize on emerging opportunities. Overall, the Peracetic Acid Market is poised for robust growth in the coming years.
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Market Segmentation
The Peracetic Acid Market Analysis by types is segmented into:
- Disinfectant
- Sanitizer
- Sterilant
Peracetic acid is commonly used in various markets including disinfectant, sanitizer, and sterilant. As a disinfectant, it is used to eliminate pathogenic microorganisms from surfaces. As a sanitizer, it is used to reduce the number of bacteria on surfaces to safe levels. As a sterilant, it is used to completely eradicate all forms of microbial life, including spores. Each market type serves a unique purpose in maintaining cleanliness and preventing the spread of infections.
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The Peracetic Acid Market Industry Research by Application is segmented into:
- Healthcare Industry
- Water Treatment Industry
- Food Industry
- Pulp & Paper Industry
- Breweries
- Laundry
- Wineries
- Chemical Processing
- Agricultural
Peracetic acid is widely used in the healthcare industry for disinfection and sterilization purposes. In the water treatment industry, it is used to eliminate pathogens and control odor. The food industry utilizes peracetic acid for sanitizing food processing equipment. In the pulp & paper industry, it is used for bleaching and deinking processes. Breweries and wineries use peracetic acid for equipment sterilization. It is also used in laundry facilities for stain removal. In chemical processing, peracetic acid is used as a disinfectant. The agricultural market uses peracetic acid for crop protection and irrigation system sanitation.
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In terms of Region, the Peracetic Acid Market Players available by Region are:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
What are the Emerging Trends in the Global Peracetic Acid market?
Emerging trends in the global peracetic acid market include the increasing demand for eco-friendly and sustainable disinfection solutions, driven by growing awareness of the environmental impact of traditional chemicals. Current trends in the market include rising adoption of peracetic acid in various industries such as food and beverage, healthcare, and agriculture due to its effectiveness in disinfection and sterilization. Additionally, technological advancements in peracetic acid formulations and packaging are expected to enhance product performance and convenience for end-users. Overall, the global peracetic acid market is projected to witness steady growth in the coming years.
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Major Market Players
Peracetic acid market players such as Solvay, Enviro Tech Chemical Services, Evonik, Ecolab, and Kemira are some of the key players in the global peracetic acid market.
Solvay is a leading player in the peracetic acid market, offering a wide range of high-quality products. The company has a strong presence in the industry with a focus on innovative solutions and sustainable practices. Solvay has seen significant market growth in recent years due to the increasing demand for peracetic acid in water treatment, food processing, and healthcare industries.
Enviro Tech Chemical Services is another prominent player in the market, known for its environmentally friendly peracetic acid products. The company has been focusing on expanding its product portfolio and improving its distribution network to cater to a broader customer base.
Ecolab is a global leader in water, hygiene, and energy technologies and services, offering a range of peracetic acid products for various applications. The company has witnessed steady growth in its peracetic acid segment due to its strong brand reputation and customer-centric approach.
Kemira is a key player in the peracetic acid market, specializing in chemicals for water-intensive industries. The company has been focusing on research and development to launch innovative peracetic acid products and solutions, driving market growth.
The global peracetic acid market is estimated to have a market size of around USD 500 million, with steady growth expected in the coming years. The market is driven by increasing awareness about the importance of water and wastewater treatment, stringent regulations on food safety, and growing demand for eco-friendly cleaning solutions.
In terms of sales revenue, Solvay reported a revenue of around EUR billion in 2020, while Evonik reported a revenue of around EUR 12.2 billion. Ecolab reported a revenue of around USD 13.1 billion, highlighting the strong market presence and financial performance of these key players in the peracetic acid market.
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