Peracetic Acid Market Size, Share, Industry Trends and Forecast to 2033
This report provides comprehensive insights into the Peracetic Acid market, including market size, segmentation, regional analysis, industry trends, and forecasts from 2023 to 2033.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $1.50 Billion |
| CAGR (2023-2033) | 6.2% |
| 2033 Market Size | $2.78 Billion |
| Top Companies | PeroxyChem, Ecolab, Kemira |
| Last Modified Date | 15 Nov 2024 |
Peracetic Acid Market Report (2023 - 2033)
Peracetic Acid Market Overview
What is the Market Size & CAGR of Peracetic Acid market in 2023?
Peracetic Acid Industry Analysis
Peracetic Acid Market Segmentation and Scope
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Peracetic Acid Market Analysis Report by Region
Europe Peracetic Acid Market Report:
Europe is anticipated to grow from $0.45 billion in 2023 to $0.84 billion by 2033. A strong regulatory framework and increasing focus on food safety are major drivers of market growth in this region, along with an inclination towards environmentally friendly products.Asia Pacific Peracetic Acid Market Report:
In the Asia Pacific region, the Peracetic Acid market was valued at $0.29 billion in 2023 and is expected to reach $0.53 billion by 2033. The demand is primarily propelled by the food and beverage industry as well as increasing investments in the healthcare sector, resulting in heightened attention to sanitation and hygiene.North America Peracetic Acid Market Report:
North America shows significant potential, with a market size of $0.52 billion in 2023 projected to increase to $0.97 billion by 2033. The stringent regulations regarding sanitation in industries such as food processing fuel the demand for effective and safe disinfectants like Peracetic Acid.South America Peracetic Acid Market Report:
The South American market is estimated at $0.07 billion in 2023 and projected to grow to $0.12 billion by 2033. Challenges include limited awareness about the benefits of Peracetic Acid, but stabilizing economies may foster market growth in the future.Middle East & Africa Peracetic Acid Market Report:
The Middle East and Africa market is valued at $0.17 billion in 2023, expected to reach $0.31 billion by 2033. The growing emphasis on hygiene standards in both residential and commercial sectors is spurring growth in this region, along with increasing investments in infrastructure and clean water initiatives.Request a custom research report for industry.
Peracetic Acid Market Analysis By Form
Global Peracetic Acid Market, By Form Market Analysis (2023 - 2033)
In 2023, the liquid segment dominated the market, valued at $1.21 billion and accounting for approximately 80.79% of the total market share. It is anticipated to grow to $2.25 billion by 2033. The solid form, while significantly smaller at $0.29 billion in 2023 and projected to reach $0.53 billion by 2033, also holds a strong market share due to its application in specific industries requiring solid-based disinfecting solutions.
Peracetic Acid Market Analysis By Application
Global Peracetic Acid Market, By Application Market Analysis (2023 - 2033)
The food industry alone is expected to grow from $0.70 billion in 2023 to $1.30 billion by 2033, demonstrating a market share of 46.84%. Water treatment applications will also see significant growth from $0.34 billion in 2023, increasing to $0.64 billion by 2033. Other significant applications include pharmaceuticals and healthcare, each estimated at $0.15 billion in 2023, likely to expand in the coming years.
Peracetic Acid Market Analysis By End User
Global Peracetic Acid Market, By End-User Industry Market Analysis (2023 - 2033)
The market is poised to expand as end-user industries such as hospitality, food, and pharmaceuticals emphasize on safety. The food industry holds a strategic position, expected to account for 46.84% market share in 2023. The healthcare sector, while smaller, represents a crucial area of growth as hospitals and clinics prioritize infection control measures.
Peracetic Acid Market Analysis By Distribution Channel
Global Peracetic Acid Market, By Distribution Channel Market Analysis (2023 - 2033)
Direct sales continue to dominate the market with a size of $1.01 billion in 2023, making up 67.63% of the total distribution channels. Online retail is also gaining traction, likely increasing from $0.43 billion in 2023 to $0.80 billion by 2033. The wholesale segment, while minor, serves critical distribution functions, valued at $0.05 billion in 2023 and anticipated to reach $0.10 billion.
Peracetic Acid Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Peracetic Acid Industry
PeroxyChem:
A leading manufacturer specializing in Peracetic Acid products, emphasizing innovation and environmental sustainability. Their extensive product offering serves various industries including food safety and water treatment.Ecolab:
A global leader in water, hygiene, and energy technologies, Ecolab provides effective Peracetic Acid solutions tailored for diverse industry needs, reinforcing their commitment to providing sustainable and safe products.Kemira:
An international chemicals company that leverages Peracetic Acid in pulp and paper production and water treatment, delivering sustainable solutions aligned with industry regulations and environmental standards.We're grateful to work with incredible clients.
