Peracetic Acid Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: CMR 73180 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Peracetic Acid Market size is forecast to reach $1.10 billion by 2025, after growing at a CAGR of 8.5% during 2020-2025. Peracetic acid is a liquid organic compound that possesses acrid odor of acetic acid and can be extremely corrosive. It is a mixture of hydrogen peroxide and acetic acid in water solution, which is widely used in the food industry as a cleaner and disinfectant. In food industry peracetic acid is widely used as an anti-microbial for preservation of meat, poultry and fisheries products because during the processing and handling of food & beverages, necessary sanitary practices cannot be overlooked. Usage of peracetic industry in food and beverage industry is boosting the market during the forecast period.

Report Coverage

The report: “Peracetic Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Peracetic Acid Market Industry.

By Type: Solution Grade and Distilled Grade.
By Application: Disinfectant, Sterilant, Sanitizer and Others.
By End-Use: Food and Beverage, Fresh produce, Dairy, Breweries, Wineries, Meat, Poultry and Seafood, Agriculture, Water Treatment, Medical and Healthcare, Paper and Pulp and Others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • North America dominates the market due to widespread awareness about food safety and improving health.
  • Increasing need to protect and improve public health is major factor for the demand of peracetic acid.
  • Peracetic acid is widely used as disinfectant, sanitizer, bleach, sterilant, industrial reagent, oxidizer, and polymerization catalyst.

Peracetic Acid Market Segment Analysis - Type

Solution grade segment held a significant share in peracitic acid market in 2019. The solution grade product is produced with various concentration levels of PAA. Some of the popular concentration levels for include the 12% and 15% of PAA. Under special circumstances, solution grade of more than 35% concentration is also produced. Unlike solution grade, distilled grade consists of only PAA and water. The product segment generally consists of PAA 25% by weight and water. Minimal amount of hydrogen peroxide, approximately less than 0.5% and acetic acid of less than 3% is present in the distilled grade.

Peracetic Acid Market Segment Analysis - Application

Sterilant segment held a significant share in peracitic acid market in 2019. This growth is due to its advantages such as water solubility, leaving no residue after rinsing, and any harmful health or environmental effects. The food industry has adopted peracetic acid as a key material for the sterilization method because of these beneficial properties and safety characteristics. Peracetic acid can disrupt the bonds in proteins and enzymes. It can also interfere with cell membrane transportation through the rupture of cell walls and oxidize essential enzymes and impair vital biochemical pathways.

Peracetic Acid Market Segment Analysis - End-User Industry

Water treatment segment held a significant share in peracitic acid market in 2019 growing at a CAGR of 8.67% during the forecast period. Peracetic Acid is environmentally benign chemical and ideally suitable for the treatment of water in different applications. It emits oxygen at lower temperatures than other bleaching agents and its by-product is not harmful to the environment. The ever-increasing demand for potable water around the globe with limited overall resources is driving the market of peracetic Acid to implement in the wastewater treatment process. Thus, increasing water demand across the globe is anticipated to drive the market for peracetic Acid.

The COVID-19 pandemic and consequent protocols that have been purposed to address public health and safety concerns have led to a rise in demand for disinfectant chemicals. Companies across the globe are ramping up their production to facilitate the sudden spike in demand from healthcare organizations, food retail, municipal departments and households alike.

Peracetic Acid Market Segment Analysis - Geography

North America dominated the peracitic acid market with a share of more than 36%, followed by Europe and Asia Pacific.  The economy of North America is mainly influenced by the economic dynamics of countries such as U.S and Canada. Government interventions in the region have resulted in the growth of water treatment as well as healthcare industries in the region. According to US International Trade Commission report, countries like China and India by 2035 would consume the largest volume of water in Municipal and Domestic, Industry and Agriculture consumption. The market in APAC is driven by increased foreign investments due to cheap labor and accessible raw materials. Thus, the rising demand from various regions is expected to drive the market in the region, during the forecast period. 

Peracetic Acid Market Drivers

Food and beverages industry to promote the growth of peracetic acid market

The peracetic acid market is majorly powered by the rising usage of peracetic acid in different allied sectors such as beverage and food processing industries. Peracetic acid got acknowledgment from the US FDA (Food and Drug Administration) as safe chemicals and as antimicrobial to defend food for longer time. This has created many new application of peracetic acid as microbial disinfectants and food preservatives over the last couple of years.

In food sector, peracetic acid is used widely as a preservative for poultry and meat and fisheries items. In addition to this, increasing requirement of peracetic acid in different beverages processing application is also serving as a top development booster for the market. Nevertheless, the conventional application of peracetic acid market such as personal care & healthcare applications and industrial cleaning disinfectants is rising which in turn is powering the market of peracetic acid.

Benefits of peracetic acid over other substitute biocides

Chlorine was the disinfectant preference for many years. But it had severe disadvantages. Gas leaks of the chemical can have adverse effects on the surroundings. Also, it posed a grave threat to aquatic flora and fauna. Same goes with Sodium Hypochlorite. It is toxic and faces off-gassing issues. Peracetic acid is safe and does not possess an immediate threat to aquatic life. Furthermore, it does not degrade into harmful by-products thus causing little or no harm to immediate environments. It possesses more oxidation potential than other alternatives except for UV technology.

Peracetic Acid Market Challenges

Health effects

Direct exposure to peracetic acid can cause severe burns, allergy, and other hazardous health effects to the eyes, skin, and respiratory organs. Peracetic acid can cause severe health issues if ingested in higher concentrations, together these factors are restricting its wide acceptance in at house hold application which is one of the major challenges for peracetic acid market. It has been noticed that the frequent fluctuations in the cost of raw materials accompanied with the harmful side effects of peracetic acid when exposed is likely to hinder the growth of the market during the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the peracetic acid market. In 2019, the market of peracetic acid has been consolidated by the top five players accounting for xx% of the share. Major players in the peracetic acid market are Solvay Chemicals, Loeffler Chemical Corporation, Mitsubishi Motors Corporation, Hydrite Chemical Company, Evonik Industries AG, PeroxyChem LLC, Airedale Chemical Company Ltd., Kemira Chemicals, Ecolab Inc., SEITZ, Enviro Tech Chemical Services, Inc., and Aditya Birla Chemicals among others.

Geographical Expansion/Acquisition

  • In November 2018, Evonik Industries AG acquired PeroxyChem. The acquisition was done for USD 625 million. With this acquisition, the company will be able to provide their customers with high-growth and environmentally friendly specialty applications.

1.Peracetic Acid Market - Overview
        1.1 Definitions and Scope
2.Peracetic Acid Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3.Peracetic Acid Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4.Peracetic Acid Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5.Peracetic Acid Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6.Peracetic Acid Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7.Peracetic Acid Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8.Peracetic Acid Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9.Peracetic Acid Market - By Type(Market Size -$Million / $Billion)
        9.1 Peracetic Acid Market By End-Use Industry
            9.1.1 Healthcare
            9.1.2 Food & Beverage
            9.1.3 Water Treatment
            9.1.4 Pulp & Paper
            9.1.5 Others
                 9.1.5.1 Agriculture
                 9.1.5.2 Wineries
                 9.1.5.3 Breweries
                 9.1.5.4 Laundry
10.Peracetic Acid - By Application Type(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Disinfectant
            10.3.2 Sterilant
            10.3.3 Sanitizer
            10.3.4 Others
11.Peracetic Acid- By Geography (Market Size -$Million / $Billion)
        11.1 Peracetic Acid Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Peracetic Acid- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Peracetic Acid- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Peracetic Acid - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Peracetic Acid - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12.Peracetic Acid Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13.Peracetic Acid Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14.Peracetic Acid Market - Key Company List by Country Premium
15.Peracetic Acid Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Solvay SA
        15.3 Evonik Industries AG
        15.4 Ecolab Inc.
        15.5 Kemira OYJ
        15.6 Mitsubishi Gas Chemical Company
        15.7 Jubilant Life Sciences
        15.8 National Peroxide Ltd.
        15.9 Enviro Tech Chemical Services
        15.10 Peroxychem
        15.11 Airedale Chemical
        15.12 Other Market Players
            15.12.1 Seitz GmbH
            15.12.2 Belinka Perkemija
            15.12.3 Aditya Birla Chemicals
            15.12.4 Christeyns
            15.12.5 Promox
            15.12.6 Acuro Organics Limited
            15.12.7 Stockmeier Group
            15.12.8 Kersia Deutschland GmbH
            15.12.9 Novadan APS
            15.12.10 Sopura
            15.12.11 Quaron
            15.12.12 Mar Cor Purification
            15.12.13 Biosafe Systems
            15.12.14 Warwick Chemicals
            15.12.15 Chemtex Speciality
        15.13 Company 13
        15.14 Company 14
16.Peracetic Acid Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17.Peracetic Acid Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
1.1 Healthcare Market 2019-2024 ($M) - Global Industry Research
1.2 Food & Beverage Market 2019-2024 ($M) - Global Industry Research
1.3 Water Treatment Market 2019-2024 ($M) - Global Industry Research
1.4 Pulp & Paper Market 2019-2024 ($M) - Global Industry Research
2.Global Peracetic Acid Market By End-Use Industry Market 2019-2024 (Volume/Units)
2.1 Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Food & Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Water Treatment Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Pulp & Paper Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
3.1 Healthcare Market 2019-2024 ($M) - Regional Industry Research
3.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
3.3 Water Treatment Market 2019-2024 ($M) - Regional Industry Research
3.4 Pulp & Paper Market 2019-2024 ($M) - Regional Industry Research
4.South America Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
4.1 Healthcare Market 2019-2024 ($M) - Regional Industry Research
4.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
4.3 Water Treatment Market 2019-2024 ($M) - Regional Industry Research
4.4 Pulp & Paper Market 2019-2024 ($M) - Regional Industry Research
5.Europe Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
5.1 Healthcare Market 2019-2024 ($M) - Regional Industry Research
5.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
5.3 Water Treatment Market 2019-2024 ($M) - Regional Industry Research
5.4 Pulp & Paper Market 2019-2024 ($M) - Regional Industry Research
6.APAC Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
6.1 Healthcare Market 2019-2024 ($M) - Regional Industry Research
6.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
6.3 Water Treatment Market 2019-2024 ($M) - Regional Industry Research
6.4 Pulp & Paper Market 2019-2024 ($M) - Regional Industry Research
7.MENA Peracetic Acid Market By End-Use Industry Market 2019-2024 ($M)
7.1 Healthcare Market 2019-2024 ($M) - Regional Industry Research
7.2 Food & Beverage Market 2019-2024 ($M) - Regional Industry Research
7.3 Water Treatment Market 2019-2024 ($M) - Regional Industry Research
7.4 Pulp & Paper Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Peracetic Acid Market Revenue, 2019-2024 ($M)
2.Canada Peracetic Acid Market Revenue, 2019-2024 ($M)
3.Mexico Peracetic Acid Market Revenue, 2019-2024 ($M)
4.Brazil Peracetic Acid Market Revenue, 2019-2024 ($M)
5.Argentina Peracetic Acid Market Revenue, 2019-2024 ($M)
6.Peru Peracetic Acid Market Revenue, 2019-2024 ($M)
7.Colombia Peracetic Acid Market Revenue, 2019-2024 ($M)
8.Chile Peracetic Acid Market Revenue, 2019-2024 ($M)
9.Rest of South America Peracetic Acid Market Revenue, 2019-2024 ($M)
10.UK Peracetic Acid Market Revenue, 2019-2024 ($M)
11.Germany Peracetic Acid Market Revenue, 2019-2024 ($M)
12.France Peracetic Acid Market Revenue, 2019-2024 ($M)
13.Italy Peracetic Acid Market Revenue, 2019-2024 ($M)
14.Spain Peracetic Acid Market Revenue, 2019-2024 ($M)
15.Rest of Europe Peracetic Acid Market Revenue, 2019-2024 ($M)
16.China Peracetic Acid Market Revenue, 2019-2024 ($M)
17.India Peracetic Acid Market Revenue, 2019-2024 ($M)
18.Japan Peracetic Acid Market Revenue, 2019-2024 ($M)
19.South Korea Peracetic Acid Market Revenue, 2019-2024 ($M)
20.South Africa Peracetic Acid Market Revenue, 2019-2024 ($M)
21.North America Peracetic Acid By Application
22.South America Peracetic Acid By Application
23.Europe Peracetic Acid By Application
24.APAC Peracetic Acid By Application
25.MENA Peracetic Acid By Application
26.Solvay SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Evonik Industries AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ecolab Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kemira OYJ, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Mitsubishi Gas Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Jubilant Life Sciences, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.National Peroxide Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Enviro Tech Chemical Services, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Peroxychem, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Airedale Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)