Peracetic Acid Market Share is Set to increase by USD 1,899 Million

Introduction

The global Peracetic Acid Market is witnessing substantial growth and is expected to reach a value of USD 1,899 million by 2032, up from USD 905 million in 2023, growing at a robust compound annual growth rate (CAGR) of 7.9% during the forecast period. Peracetic acid (also known as peroxyacetic acid) is a highly acidic, colorless liquid widely used as a disinfectant and sterilizer in several industries. It is produced by combining acetic acid and hydrogen peroxide and is known for its strong oxidizing properties, making it highly effective in killing bacteria, viruses, and other pathogens. It is particularly useful in industries such as food processing, healthcare, water treatment, and agriculture, where cleanliness and sterilization are paramount.

Several factors are contributing to the steady growth of the Peracetic Acid Market. One of the primary growth drivers is the increasing demand from the food and beverage industry, where peracetic acid is widely used for cleaning and sterilizing equipment. This is critical to ensuring food safety and preventing contamination. Additionally, the healthcare sector has experienced rising demand for peracetic acid due to its effective disinfection properties, making it a valuable asset in sterilizing medical devices and surgical equipment. As public health concerns, such as the spread of infectious diseases, continue to rise, the demand for reliable sterilization agents is expected to boost the market further.

However, the market also faces challenges that may slow its growth. The highly corrosive nature of peracetic acid can limit its application in some industries, as it may damage equipment or surfaces. Additionally, the handling of peracetic acid requires strict safety measures, as its pungent odor and potential health hazards demand specialized equipment and training, which can increase operational costs for industries. These challenges may hinder the widespread adoption of peracetic acid, particularly in smaller enterprises.

In recent developments, product innovation has played a crucial role in the peracetic acid market. Companies are increasingly focusing on developing specialized formulations tailored to meet the needs of specific applications across various industries. These developments have made peracetic acid more versatile, enabling its use in new applications such as wastewater treatment, where it is used to remove harmful microorganisms and pollutants. Moreover, stringent environmental regulations have encouraged industries to shift towards eco-friendly alternatives like peracetic acid, which breaks down into harmless byproducts, making it an environmentally sustainable option for disinfection and cleaning.

Evonik has introduced several advanced peracetic acid products under its well-known brands such as PERACLEAN®, SPECTRUM®, and BLITZ®. These products are used in critical industries like food processing, healthcare, and water treatment. The company is also focusing on eco-friendly formulations, highlighting peracetic acid as a sustainable biocide for disinfection and sterilization across various industries. Evonik’s peracetic acid products are registered as biocides by several regulatory bodies, including the U.S. Environmental Protection Agency (EPA) and the European Biocide Product Directive. This regulatory compliance has broadened its market reach.

Kemira is expanding its offerings in the water treatment and pulp & paper industries, where peracetic acid is used for disinfection and chemical processes. The company is heavily investing in sustainable technologies and aims to increase its footprint in North American and European markets. As part of its sustainability strategy, Kemira has been investing in green chemistry innovations, which include the development of safer and more environmentally friendly peracetic acid formulations.

Solvay has actively pursued strategic acquisitions to strengthen its portfolio in hydrogen peroxide and peracetic acid production. The company is focusing on expanding its capabilities in the chemical synthesis and environmental sectors, leveraging its existing infrastructure and expertise in oxidative chemistry. Solvay has formed collaborations with global companies to co-develop solutions for the disinfection of food and beverage equipment, ensuring compliance with increasingly stringent hygiene standards.

Mitsubishi Gas Chemical is focusing on enhancing the production efficiency of peracetic acid through advanced chemical processing techniques. The company is also increasing its R&D investments in high-purity peracetic acid formulations designed for healthcare and pharmaceutical applications. Mitsubishi has been strengthening its presence in the Asian market, particularly in countries like Japan and South Korea, where the demand for high-quality disinfectants is rising rapidly.

Peracetic Acid Statistics

• Concentrations (3-6%) of vinegar and hydrogen peroxide marketed for household use., mixing without a strong acid catalyst will not form peracetic acid.
• Concentrations up to 15 percent are used as cleaning, disinfecting, and sterilizing agents in various applications and industries – from aseptic packaging in the food and beverage industry to agricultural uses or the treatment of wastewater.
• Grades in higher concentrations of up to 40 percent are used exclusively for oxidation reactions in chemical synthesis processes.
• PAA solutions used in poultry processing plants consist of 15 to 23% PAA, 33 to 50% acetic acid, and 5 to 11% H2O2 (w/w)
• High PAA concentrations (>1,000 mg/L) were measured in the main chiller tank at a poultry processing facility.
• At a final PAA concentration of 0.002%, the infectious activity of the Wuhan-type pseudotyped viruses was significantly suppressed, and the infectivity of variant strains was also suppressed.
• The PAA treatment for 10 min at a final concentration of 0.01% led to spike protein alteration.
• The binding ability of the RBDs of the Wuhan, as well as the variant (Alpha, Beta, Gamma, Delta, Omicron) strains to ACE2, was markedly reduced with the 0.01% and 0.1% PAA treatment compared with that of untreated strains.
• The authentic SARS-CoV-2 solution was pretreated with PAA (0.0018%) for 30 min.
• Body weight gain and feed conversion ratio improved in peracetic acid-fed birds. At d 28, birds given 30 mg/kg of peracetic acid had a decreased Firmicutes and an increased Proteobacteria abundance in the jejunum, accompanied by an increase in Bacillus, Flavonifractor, and Rombustia in the caeca, and a decreased abundance of tetracycline resistance genes.
• Concentrations of peracetic acid in these products vary but do not exceed 40%. Peracetic acid products containing more than 15% peracetic acid demonstrate excessive reactivity.
• Rombustia in the caeca, and a decreased abundance of tetracycline resistance genes. Chicken given 80 mg/kg of peracetic acid had a greater caecal abundance of macrolides lincosamides and streptogramins resistance genes.
• We prospectively investigated the gastroscopes (Part I) utilized in 100 gastroscopic examinations and colonoscopes (Part II) utilized in 30 colonoscopic examinations after disinfecting them with 0.2% peracetic acid
• We conclude that 0.2% peracetic acid (EndoPA®) appears to be a good disinfectant for both gastroscopes and colonoscopes.
• The most widely used disinfectant in clinical practice has been 2% glutaraldehyde (GA).

Emerging Trends

• Increased Use in Water Treatment: One of the growing trends in the peracetic acid market is its expanded application in wastewater treatment. Due to its effectiveness in removing pollutants and pathogens, it is increasingly being adopted as a safer alternative to chlorine-based treatments. This is driven by stricter environmental regulations and a push towards eco-friendly solutions.
• Shift Towards Eco-Friendly Solutions: There is a rising demand for environmentally sustainable disinfectants across various industries. Peracetic acid, which breaks down into harmless byproducts like water and vinegar, is preferred for its minimal environmental impact, making it a popular choice in industries like food processing and healthcare.
• Growing Application in Healthcare and Food & Beverage Sectors: The healthcare and food & beverage sectors are experiencing an increase in demand for peracetic acid due to its strong sterilizing properties. In healthcare, it is used for disinfecting medical devices, while in food processing, it ensures hygiene and safety in food packaging and equipment cleaning.
• Technological Advancements in Product Formulation: Companies are developing new formulations of peracetic acid to cater to specific industrial needs. Advanced oxidation processes (AOPs) using peracetic acid are emerging as an efficient way to treat complex pollutants in various industries.
• Increased Adoption in Developing Economies: Developing economies in regions like Asia-Pacific are increasingly adopting peracetic acid for various industrial and municipal applications. This is driven by rising industrialization, population growth, and the need for more effective water treatment and sanitation solutions.
• Enhanced Role in Aseptic Packaging: The food and beverage industry is increasingly using peracetic acid for aseptic packaging due to its ability to extend shelf life and maintain product safety. This trend is particularly strong in countries with stringent food safety regulations​

Use Cases

• Food and Beverage Industry: Peracetic acid is extensively used in the food and beverage industry as a disinfectant and sanitizer. Its strong antimicrobial properties make it ideal for sterilizing equipment, surfaces, and packaging materials. For example, it is commonly used in the cleaning of food processing machinery and aseptic packaging systems to ensure the safety and preservation of food products. Its ability to break down into non-toxic byproducts like water and oxygen after use makes it suitable for industries focused on sustainability. With the increasing demand for clean-label and safe food, the market is witnessing a higher adoption rate, particularly in Europe and North America.
• Healthcare and Medical Equipment: Peracetic acid is also widely used in hospitals and healthcare facilities due to its effectiveness in sterilizing medical devices, surgical instruments, and surfaces. It is particularly valuable because it can destroy a wide range of pathogens, including bacteria, viruses, and fungi. Hospitals in regions like the U.S. and Europe have adopted peracetic acid as part of their infection control protocols. The healthcare industry is expected to drive further demand, particularly with the growing awareness of infection control practices.
• Water Treatment: In water treatment, peracetic acid plays a critical role in disinfecting wastewater and potable water. Its fast-acting and eco-friendly nature has made it an alternative to chlorine-based disinfectants, which can produce harmful byproducts. Europe, in particular, is focusing on reducing chemical pollutants in water supplies, making peracetic acid an attractive choice for municipalities and industries.
• Agriculture and Food Storage: In agriculture, peracetic acid is utilized for disinfecting agricultural tools, greenhouses, and storage areas to prevent the spread of plant diseases and maintain hygienic conditions. It is also used in post-harvest treatments to prolong the shelf life of fruits and vegetables. Its use in wineries and breweries for sterilization purposes is growing as these industries prioritize high sanitation standards.
• Pulp and Paper Industry: Peracetic acid is gaining traction in the pulp and paper industry as a bleaching agent due to its efficiency and reduced environmental impact compared to traditional chlorine-based chemicals. It is used to brighten and soften paper products without leaving harmful residues, making it suitable for eco-conscious manufacturers.

Major Challenges

• Corrosive Nature: One of the biggest challenges with peracetic acid is its highly corrosive properties. This limits its use in certain industrial applications where it can damage metals and equipment over time. For example, frequent exposure to peracetic acid can corrode stainless steel, which is widely used in food processing and healthcare industries. This requires businesses to invest in specialized corrosion-resistant materials and safety measures, increasing operational costs.
• Health and Safety Risks: Handling peracetic acid poses significant health risks, especially if not managed with the proper safety protocols. Exposure to concentrated peracetic acid can cause respiratory issues, skin irritation, and even damage to the eyes. Workers handling the chemical need specialized training and protective gear to mitigate these risks. The strong, pungent odor of peracetic acid also makes it difficult to use in poorly ventilated areas, limiting its adoption in small-scale operations.
• High Storage and Transport Requirements: Peracetic acid is highly unstable, requiring careful storage and transportation. It needs to be stored in cool, dark environments, and its decomposition can accelerate if exposed to heat or light. This leads to logistical challenges for companies that need to maintain stringent conditions to ensure the chemical’s efficacy during transport. Additional costs associated with specialized containers and shipping conditions add to the operational burden​.
• Short Shelf Life: Peracetic acid has a relatively short shelf life, especially when compared to other disinfectants like chlorine. This makes it challenging for industries to store large quantities for extended periods, leading to higher costs due to frequent purchasing.

Market Growth Opportunities

• Rising Demand for Sustainable Solutions: With growing environmental awareness, industries are increasingly seeking eco-friendly alternatives to traditional disinfectants. Peracetic acid, which breaks down into non-toxic byproducts like water and oxygen, presents a greener solution. As regulations around harmful chemicals like chlorine tighten, particularly in Europe and North America, the demand for peracetic acid is expected to rise. This trend provides significant growth potential in industries such as water treatment, food processing, and healthcare.
• Expansion in Water Treatment Applications: The water treatment industry is one of the fastest-growing markets for peracetic acid, driven by the need for safe and efficient disinfection methods. As governments around the world invest in improving water quality and reducing contamination, especially in Europe, the use of peracetic acid in wastewater and drinking water treatment is expected to increase. This offers significant opportunities for companies that can innovate and provide specialized solutions for these applications.
• Healthcare Industry Growth: The healthcare sector is a major consumer of disinfectants and sterilants, and peracetic acid’s strong antimicrobial properties make it an attractive option for sterilizing medical equipment and facilities. With the growing focus on infection control and hygiene standards, particularly in the wake of global health crises like COVID-19, the demand for reliable and effective sterilants like peracetic acid is projected to grow substantially.
• Emerging Markets in Asia-Pacific: The Asia-Pacific region, especially countries like China and India, is witnessing rapid industrialization and urbanization, leading to increased demand for disinfection solutions in water treatment and food industries. This region offers significant untapped potential for the growth of peracetic acid, as industries modernize and adopt stricter hygiene standards.

Key Players Analysis

In March 2023, Evonik increased the prices of its peracetic acid products across Europe, the Middle East, and Africa due to rising raw material costs. The price adjustment is a reflection of broader market conditions and aligns with the company’s strategy to maintain product quality and innovation. Furthermore, Evonik’s active oxygen division has played a crucial role in supporting the company’s sustainable initiatives, positioning peracetic acid as a key product in the shift towards green chemistry​.

Kemira Oyj, a key player in the chemical industry, focuses on providing sustainable solutions in water-intensive sectors, including peracetic acid applications. In 2023, Kemira continued to expand its presence in water treatment and pulp & paper industries by leveraging peracetic acid’s efficacy as a disinfectant. Their peracetic acid is used in industrial and municipal water treatment to ensure efficient purification and reuse. By enhancing its production capabilities, Kemira is strategically positioning itself to meet growing demand, especially in Europe and Asia.

In 2023, Solvay S.A. continued to strengthen its position in the peracetic acid market, primarily focusing on sustainable solutions. Solvay’s Proxitane® brand is a key player in providing high-quality peracetic acid for various applications, including food and beverage sterilization, wastewater treatment, and animal health. The company has leveraged its global footprint to expand production, especially in China, where its Suzhou plant became fully operational, catering to the growing demand for disinfection and food safety applications. This aligns with Solvay’s broader strategy to meet rising standards for disinfection and environmental protection across various industries​.

In 2023, Mitsubishi Gas Chemical Company, Inc. (MGC) continued its efforts in the peracetic acid sector, focusing on its role as a strong oxidizing agent used in various industries, including textiles, plastics, and pharmaceuticals. MGC produces a highly concentrated peracetic acid solution (40-43%) that is utilized primarily for sterilization, bleaching, and disinfection applications. In line with its sustainability goals, MGC emphasizes eco-friendly products that align with global environmental standards. In 2024, the company is expected to further expand its applications in wastewater treatment and food safety, capitalizing on increasing demand in Asia-Pacific markets​.

In 2023, Airedale Chemical Company Ltd. continued its role as the leading UK manufacturer of peracetic acid, catering to industries such as agriculture, food and beverage, water treatment, and healthcare. Airedale’s peracetic acid, known for being a fast-acting biocide, is widely used for disinfection, sterilization, and cleaning. The company provides various concentrations (ranging from 2% to 15%) to suit diverse applications like clean-in-place systems in the food industry and surface disinfection in healthcare. Their focus on environmentally friendly products aligns with increasing market demand for sustainable chemicals. In 2024, Airedale aims to expand its distribution network and product offerings as part of its growth strategy in the UK and European markets​.

In 2023, Ecolab Inc. remained a significant player in the peracetic acid sector, focusing on water, hygiene, and infection prevention solutions. Their peracetic acid-based products are used across a variety of industries, including food processing, healthcare, and water treatment. These products help businesses meet stringent hygiene standards, particularly in disinfecting food equipment and ensuring water safety. Ecolab’s focus on sustainability aligns with the increasing demand for eco-friendly disinfectants, as peracetic acid decomposes into non-toxic byproducts like water and oxygen. The company is expected to continue expanding its offerings in 2024, leveraging innovation and tailored solutions to meet the rising global demand for safe and sustainable disinfection technologies.

In 2023, Jubilant Life Sciences Ltd. (now part of Jubilant Ingrevia) continued its operations in the peracetic acid sector, offering high-purity solutions for industries like food safety, healthcare, and water treatment. The company focuses on utilizing acetic acid, one of its core chemicals, as a critical raw material in the production of peracetic acid. This positions Jubilant among the significant global suppliers of peracetic acid, particularly for sterilization and disinfection applications. In 2024, Jubilant aims to further strengthen its market presence by expanding production capabilities and enhancing product offerings to meet increasing demand for eco-friendly and high-efficiency disinfectants.

In 2023, Hydrite Chemical Co. continued to be a major player in the peracetic acid (PAA) sector, supplying the chemical primarily for applications in food processing, water treatment, and industrial sanitation. Hydrite’s PAA is known for its strong oxidizing power, effectiveness in killing a broad range of microorganisms, and environmental friendliness, as it decomposes into non-toxic byproducts like water and acetic acid. The company also provides specialized equipment and bulk delivery solutions to integrate PAA easily into various industrial processes. In 2024, Hydrite aims to further expand its market reach by enhancing its product offerings and sustainability initiatives, particularly in wastewater treatment and the food industry​.

Conclusion

In conclusion, the Peracetic Acid (PAA) Market is poised for steady growth, driven by its effectiveness as a powerful and environmentally friendly disinfectant. Widely used across industries such as food processing, healthcare, water treatment, and agriculture, PAA’s biodegradability and strong antimicrobial properties make it a preferred choice for industries aiming to meet stringent hygiene and sustainability standards. The rising focus on reducing chemical pollution and increasing regulatory pressures to adopt green solutions are key drivers for the market’s expansion. However, challenges like its corrosive nature and handling complexities remain. Overall, the peracetic acid market is expected to witness significant growth in the coming years, backed by ongoing product innovations and its expanding application base​​.

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