Global Peracetic Acid market accounted for $759.31 million in 2019 and is expected to reach $1687.79 million by 2027 growing at a CAGR of 10.5% during the forecast period. Increasing water treatment procedures, the advantage of peracetic acid over other substitute biocides and rising focus on food sterilization and disinfection are some key factors boosting the market growth.
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By geography, Europe is expected to grow at a faster rate. Generalization of PAA usage in the region and a strong presence of application industries are the reasons behind this scenario. In Europe, peracetic acid is mostly used for clarification, disinfection, and purification of brackish water and wastewater. Industries, such as chemical processing, food & beverage, and pulp & paper have high demand for peracetic acid in the region. Physical water treatment and latest processes, such as UV disinfection and membrane filtration are also gaining importance in the European market as replacements for chemicals.
Some of the key players profiled in the Peracetic Acid include Acuro Organics Ltd, Airedale Chemical Company Ltd, BioSafe Systems, LLC, Diversey Inc, Ecolab Inc, Enviro Tech Chemical Services Inc, Evonik Industries, Hydrite Chemical Co, Kemira Oyj, Loeffler Chemical Corporation, Mitsubishi Gas Chemicals Inc, Peroxychem Llc, Seitz Gmbh, Solvay SA, Thai Peroxide Ltd company.
Types Covered in Peracetic Acid Market
• 5%-15% PAA
• Above 15% PAA
• Less than 5% PAA
Grades Covered:
• Distilled Grade
• Solution Grade
Applications Covered:
• Disinfectant
• Sterilant
• Sanitizer
• Other Application
End Users Covered:
• Healthcare
• Food & Beverage and Diary
• Pulp & Paper (Bleach)
• Waste Water Treatment
• Commercial
• Institution
• Other End Users
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