Peracetic Acid Market Analysis

Application (Disinfectant, Oxidizer, Sterilant)

The global peracetic acid market is segmented and analyzed for demand and supply by application into disinfectant, oxidizer, sterilant, and others. Out of the four types of applications, the segment of disinfectant is estimated to gain the largest market share during the forecast period. The growth of the segment can be attributed to its significance in maintaining stipulated hygiene standards in various industries around the world. Peracetic acid, being a strong antimicrobial, is used vastly in industries such as agriculture, food processing, and pharmaceuticals. Their demand got a boost during the pandemic, as it can be observed from the increased use of many surface disinfectant chemicals. The demand for hand sanitizers went up dramatically after their use was declared one of the major measures for maintaining the health of the public by reducing SARS-CoV-2 transmission. For instance, significant growth was observed in the use of hand sanitizer among the Canadian population in non-occupational settings after the onset of COVID-19. It was observed that 66% of adults in the country were using hand sanitizer up to 5 times a day while 36% had more than 5 times of application of hand sanitizers daily.

End-user (Food, Beverage, Waste Water, Paper, Pharmaceutical, Chemical)

The global peracetic acid market is also segmented and analyzed for demand and supply by end-user industry into food and beverage, waste water, paper, pharmaceutical, chemicals, and others. Amongst these segments, the food and beverage segment are expected to garner a significant share of the global market. The effectiveness of peracetic acid in killing pathogens, bacteria, fungi, and spores is what makes the chemical highly preferred anti-microbial in the food and beverage sector. Peracetic acid is also used as a sanitizer of bottles and surfaces in the brewing process of various beverages, including beer. It is estimated that the beer industry helped raise tax revenue of USD 267 billion for the governments of over 69 countries around the world. This tremendous growth of the brewing industry worldwide is expected to lead to an increased demand for peracetic acid and thus, to market growth.

Our in-depth analysis of the global market includes the following segments: