Know More About “Peracetic Acid Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.


The global peracetic acid market is expected to reach USD 1.22 billion by 2025, according to a new report by Grand View Research, Inc. The effectiveness of peracetic acid as a biocide and versatility of its usage are expected to drive the industry growth.
Peracetic acid is a colorless liquid having strong oxidizing properties. Food & beverages industry faces various issues due to microbial contamination. It is effective in curbing this activity thus finding widespread applications in the industry. Food & beverage industry has witnessed a positive growth in the recent past, and this trend is expected to continue over the forecast period thus benefitting the market demand.
Peracetic acid, unlike chlorine and sodium hypochlorite, does not degrade into environmentally harmful by-products. Also, it possesses more oxidizing potential than other disinfectants. Growing awareness regarding ill effects of chlorine in water treatment has also prompted the use of peracetic acid.
The global peracetic acid market offers ample opportunities to new entrants due to the favorable regulatory scenario and rising awareness regarding its usage. Companies are providing their customers with technical assistance about troubleshooting of PAA applications. Major companies include Solvay S.A., Ecolab Inc., Peroxychem, Evonik Industries, FMC Corporation, Airedale Chemical Company, Diversey Inc, and others.
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Various government agencies have approved peracetic acid for direct contact usage in food & beverages applications. Also, environmental regulations are also expected to favor the market growth. Companies have been focusing more on high growth markets such as Asia Pacific to establish manufacturing units in the region to increase their presence.
Further key findings from the report suggest:
  • The global peracetic acid market demand exceeded 200 kilo tons in 2015 and is expected to surpass 400 kilo tons by 2025, growing at a CAGR of 7.6% over the forecast period
  • Water treatment is expected to witness the highest growth over the forecast period. Broad spectrum usage, effectiveness and compatibility with existing water treatment infrastructure are the primarily attributed reasons for this scenario.
  • Peracetic acid products suiting specific applications have been developed. This increases the effectiveness of the product used in the particular application.
  • Food & beverages application was the leading application segment and accounted for over 30% of total market volume in 2015. It does not leave any harmful residue on the food. It is effective in containing microbial activity and hence is widely used in the processing of products such as fresh vegetables, fruit and meat.
  • Europe was the leading consumer and accounted for 38.9% of total market volume in 2015. Asia Pacific is expected to witness the highest growth of 8.3% over the forecast period.
  • Occupational exposure to peracetic acid is a cause of concern for manufacturers. However, companies are ensuring strict adherence to guidelines such as Globally Harmonized System of Classification and Labeling of Chemicals (GHS)
  • Key industry participants include Solvay S.A., PeroxyChem, Evonik Industries and Airedale Chemical Company.Companies have been trying to gain market share by developing innovative product portfolio.
Key companies are using their resources such as R&D, sourcing channels to try to increase their footprint in developing regions. Also, private companies, with the help of government agencies, are trying to generalize usage of peracetic acid in applications such as water treatment.
Solvay S.A. entered into an agreement with the Environmental Protection Agency (EPA) of the U.S. for carrying out tests about the usage of PAA for water treatment. The agreement also included a study of economic and commercialization aspects of PAA for water treatment applications.
It has been gaining a lot of interest owing to its ability to provide bacterial inactivation performance at a cheaper cost over other disinfection technologies. Peracetic acid is being used in food, beverage, pharmaceutical, and medical industries since many years. The oxidation potential of the same is higher as compared to other disinfectants and, thus, it is used in wastewater and water treatment.
Also, PAA does not produce halogenated DBPs, thus having a lower toxicity level as compared to chlorine. Their onsite usage also does not require special risk management plans as compared to certain toxic chemicals. These factors are expected to benefit the global demand over the next nine years.
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https://www.grandviewresearch.com/press-release/global-peracetic-acid-market
Grand View Research has segmented the peracetic acid market on the basis of application:
Peracetic Acid Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Food & Beverages
    • Bottling & beverages
    • Fresh produce
    • Meats, poultry & seafood
  • Health Care
    • Medical
    • Surgical
    • Dental
  • Pulp & Paper
    • Bleach
    • Others
  • Water treatment
    • Tertiary disinfectant
    • CSO disinfectant
    • Blend disinfectant
    • Others
  • Other applications
Food & beverages was the major application segment and the demand for it was 62.80 kilo ton in 2015. The effectiveness of peracetic acid in microbial contamination and development of application-based products are the primary contributors to this demand. Water treatment application segment demand is expected to grow at an anticipated CAGR of 8.0% over the forecast period. Government initiatives to inculcate peracetic acid to treat wastewater are expected to benefit the demand growth.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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