Product Code: 1524
The peracetic acid market is set to record robust growth by 2027 on account of increasing focus on safety and hygiene standards in the global food & beverage industry.
Peracetic acid (PAA) is an organic acid, which is commonly used as a disinfectant across several industries, including pharmaceutical, food & beverage, medical, and water treatment, among others. It is extensively used to sterilize products, devices, and containers that are used in production facilities. Growing emphasis on hygiene in the production process due to the ongoing COVID-19 pandemic, along with surging demand for effective disinfectants and sanitizers, has accelerated product adoption in recent years.
Furthermore, industry players are engaging in lucrative strategies to strengthen their foothold in the emerging market, which has enhanced the overall business outlook. For instance, in August 2020, Ecolab Inc., a prominent food safety solutions provider, launched its novel no-rinse sanitizer, dubbed Ecolab SynergexTM, which was the first ever product of its kind to receive approval from the U.S. Environment Protection Agency (EPA) attributable to its efficacy against biofilms, a complex population of bacteria, on hard and non-porous food contact surfaces.
In another instance, in February 2020, Evonik Industries, a leading specialty chemicals manufacturer, completed the acquisition of PeroxyChem LLC, a major chemical manufacturing company. The deal was intended to expand Evonik's product portfolio with the integration of PeroxyChem's well-positioned business for peracetic acid and hydrogen peroxide.
The peracetic acid market has been bifurcated on the basis of end-user, product, and region. With respect to end-user, the market has further been segregated into water treatment, agriculture, food & beverage, medical, and pulp & paper bleaching.
The food & beverage sub-segment is projected to amass notable gains by 2027, registering a CAGR of approximately 9.5% over the estimated timeline. Prevalent usage of peracetic acid in the food industry as a disinfectant as well as to prevent the growth of microbes in the production facility is likely to augment segmental growth in the coming years.
The medical sub-segment is set to witness steady growth through 2027. Extensive industrial applications of peracetic acid for removing surface contaminants (mainly proteins) from endoscopic tubes are anticipated to support segmental development over the following years.
On the regional spectrum, the Middle East & Africa peracetic acid market is slated to progress at a CAGR of around 8.0% through the study timeline to reach a notable valuation by the end of 2027. The booming food & beverage industry in the MEA region is likely to fuel the demand for peracetic acid in the forthcoming years. In 2020, the food & beverage industry in the MEA region generated a sizable revenue of about USD 405 million and is anticipated to expand at over 11.7% CAGR through the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market definitions
- 1.2 Base estimates and working
- 1.2.1 North America
- 1.2.2 Europe
- 1.2.3 Asia Pacific
- 1.2.4 Latin America
- 1.2.5 MEA
- 1.3 Forecast parameters
- 1.3.1 COVID-19 impact on forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid
- 1.4.2.2 Unpaid
Chapter 2 Executive Summary
- 2.1 Peracetic acid market 360 degree synopsis, 2017 - 2027
- 2.1.1 Business trends
- 2.1.2 Product by end-user trends
- 2.1.3 End-user trends
- 2.1.4 Regional trends
Chapter 3 Peracetic Acid Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2017 - 2027
- 3.2.1 COVID-19 impact on industry landscape
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw materials analysis
- 3.3.2 Manufacturing trends
- 3.3.3 Profit margin
- 3.3.4 Value addition
- 3.3.5 Distribution channel analysis
- 3.3.6 Value chain disruption analysis (COVID-19 impact)
- 3.3.7 Vendor matrix
- 3.3.7.1 List of key raw materials manufacturers/suppliers
- 3.3.7.2 List of key manufacturers/distributors
- 3.3.7.3 List of end-users
- 3.4 raw material trends
- 3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology trends
- 3.5.3 Production process
- 3.5.4 Future trends
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increased product demand in food & beverages industry
- 3.6.1.2 Environment friendly traits of the product
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Health hazards associated with continuous exposure to the product
- 3.7 Regulatory trends
- 3.7.1 U.S.
- 3.7.2 China
- 3.7.3 Europe
- 3.8 Growth potential analysis
- 3.9 Regional price trends
- 3.9.1 COVID-19 impact on pricing
- 3.9.2 Cost structure analysis
- 3.9.2.1 R&D cost
- 3.9.2.2 Manufacturing & equipment cost
- 3.9.2.3 Raw material cost
- 3.9.2.4 Distribution cost
- 3.9.2.5 Operating cost
- 3.9.2.6 Miscellaneous cost
- 3.9.3 Price by product
- 3.9.4 Price by end-user
- 3.10 Competitive landscape, 2020
- 3.10.1 Company market share analysis, 2020
- 3.10.2 Brand analysis
- 3.10.3 Key stakeholders
- 3.10.4 Strategy dashboard
- 3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitute
- 3.11.5 Industry rivalry
- 3.12 PESTEL analysis
- 3.13 COVID-19 impact on peracetic acid demand by end-user
Chapter 4 Peracetic Acid Market, Product By End-user
- 4.1 Global peracetic acid market product by end-user insights
- 4.2 Solution -grade
- 4.2.1 Market estimates and forecast, 2017 - 2027
- 4.2.2 Market estimates and forecast, by end-user, 2017 - 2027
- 4.2.3 Market estimates and forecast, by region, 2017 - 2027
- 4.3 Distilled-grade
- 4.3.1 Market estimates and forecast, 2017 - 2027
- 4.3.2 Market estimates and forecast, by end-user, 2017 - 2027
- 4.3.3 Market estimates and forecast, by region, 2017 - 2027
Chapter 5 Peracetic Acid Market, By End-user
- 5.1 Global peracetic acid end-user insights
- 5.2 Food & beverages
- 5.2.1 Market estimates and forecast, 2017 - 2027
- 5.2.2 Market estimates and forecast, by region, 2017 - 2027
- 5.3 Pulp & paper bleaching
- 5.3.1 Market estimates and forecast, 2017 - 2027
- 5.3.2 Market estimates and forecast, by region, 2017 - 2027
- 5.4 Water treatment
- 5.4.1 Market estimates and forecast, 2017 - 2027
- 5.4.2 Market estimates and forecast, by region, 2017 - 2027
- 5.5 Medical
- 5.5.1 Market estimates and forecast, 2017 - 2027
- 5.5.2 Market estimates and forecast, by region, 2017 - 2027
- 5.6 Agriculture
- 5.6.1 Market estimates and forecast, 2017 - 2027
- 5.6.2 Market estimates and forecast, by region, 2017 - 2027
- 5.7 Others
- 5.7.1 Market estimates and forecast, 2017 - 2027
- 5.7.2 Market estimates and forecast, by region, 2017 - 2027
Chapter 6 Peracetic Acid Market, By Region
- 6.1 Global peracetic acid market region insights
- 6.2 North America
- 6.2.1 North America market estimates & forecast, 2017 - 2027
- 6.2.2 North America market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.3 North America market estimates & forecast, by end-user, 2017 - 2027
- 6.2.4 U.S.
- 6.2.4.1 Market estimates & forecast, 2017 - 2027
- 6.2.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.2.5 Canada
- 6.2.5.1 Market estimates & forecast, 2017 - 2027
- 6.2.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.2.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3 Europe
- 6.3.1 Europe market estimates & forecast, 2017 - 2027
- 6.3.2 Europe market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.3 Europe market estimates & forecast, by end-user, 2017 - 2027
- 6.3.4 Germany
- 6.3.4.1 Market estimates & forecast, 2017 - 2027
- 6.3.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.5 UK
- 6.3.5.1 Market estimates & forecast, 2017 - 2027
- 6.3.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.6 France
- 6.3.6.1 Market estimates & forecast, 2017 - 2027
- 6.3.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.7 Spain
- 6.3.7.1 Market estimates & forecast, 2017 - 2027
- 6.3.7.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.7.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.8 Italy
- 6.3.8.1 Market estimates & forecast, 2017 - 2027
- 6.3.8.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.8.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.3.9 Russia
- 6.3.9.1 Market estimates & forecast, 2017 - 2027
- 6.3.9.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.3.9.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market estimates & forecast, 2017 - 2027
- 6.4.2 Asia Pacific market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.3 Asia Pacific market estimates & forecast, by end-user, 2017 - 2027
- 6.4.4 China
- 6.4.4.1 Market estimates & forecast, 2017 - 2027
- 6.4.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.5 India
- 6.4.5.1 Market estimates & forecast, 2017 - 2027
- 6.4.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.6 Japan
- 6.4.6.1 Market estimates & forecast, 2017 - 2027
- 6.4.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.6.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.7 Australia
- 6.4.7.1 Market estimates & forecast, 2017 - 2027
- 6.4.7.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.7.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.8 Indonesia
- 6.4.8.1 Market estimates & forecast, 2017 - 2027
- 6.4.8.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.8.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.9 Malaysia
- 6.4.9.1 Market estimates & forecast, 2017 - 2027
- 6.4.9.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.9.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.4.10 South Korea
- 6.4.10.1 Market estimates & forecast, 2017 - 2027
- 6.4.10.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.4.10.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.5 Latin America
- 6.5.1 Latin America market estimates & forecast, 2017 - 2027
- 6.5.2 Latin America market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.3 Latin America market estimates & forecast, by end-user, 2017 - 2027
- 6.5.4 Brazil
- 6.5.4.1 Market estimates & forecast, 2017 - 2027
- 6.5.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.5.5 Mexico
- 6.5.5.1 Market estimates & forecast, 2017 - 2027
- 6.5.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.5.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa market estimates & forecast, 2017 - 2027
- 6.6.2 Middle East & Africa market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.3 Middle East & Africa market estimates & forecast, by end-user, 2017 - 2027
- 6.6.4 Saudi Arabia
- 6.6.4.1 Market estimates & forecast, 2017 - 2027
- 6.6.4.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.4.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.5 UAE
- 6.6.5.1 Market estimates & forecast, 2017 - 2027
- 6.6.5.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.5.3 Market estimates & forecast, by end-user, 2017 - 2027
- 6.6.6 South Africa
- 6.6.6.1 Market estimates & forecast, 2017 - 2027
- 6.6.6.2 Market estimates & forecast, product by end-user, 2017 - 2027
- 6.6.6.3 Market estimates & forecast, by end-user, 2017 - 2027
Chapter 7 Company Profiles
- 7.1 Evonik Industries AG
- 7.1.1 Business Overview
- 7.1.2 Financial Data
- 7.1.3 Product Landscape
- 7.1.4 SWOT Analysis
- 7.1.5 Strategy outlook
- 7.2 Thai Peroxide Company Limited
- 7.2.1 Business Overview
- 7.2.2 Financial Data
- 7.2.3 Product Landscape
- 7.2.4 SWOT Analysis
- 7.2.5 Strategy outlook
- 7.3 Promox S.P.A.
- 7.3.1 Business Overview
- 7.3.2 Financial Data
- 7.3.3 Product Landscape
- 7.3.4 SWOT Analysis
- 7.3.5 Strategy outlook
- 7.4 National Peroxide Limited
- 7.4.1 Business Overview
- 7.4.2 Financial Data
- 7.4.3 Product Landscape
- 7.4.4 SWOT Analysis
- 7.4.5 Strategy outlook
- 7.5 Mitsubishi Gas Chemical Company, Inc.
- 7.5.1 Business Overview
- 7.5.2 Financial Data
- 7.5.3 Product Landscape
- 7.5.4 SWOT Analysis
- 7.5.5 Strategy outlook
- 7.6 Kemira Oyj
- 7.6.1 Business Overview
- 7.6.2 Financial Data
- 7.6.3 Product Landscape
- 7.6.4 SWOT Analysis
- 7.6.5 Strategy outlook
- 7.7 Solvay S.A.
- 7.7.1 Business Overview
- 7.7.2 Financial Data
- 7.7.3 Product Landscape
- 7.7.4 SWOT Analysis
- 7.7.5 Strategy outlook
- 7.8 PeroxyChem LLC
- 7.8.1 Business Overview
- 7.8.2 Financial Data
- 7.8.3 Product Landscape
- 7.8.4 SWOT Analysis
- 7.8.5 Strategy outlook
- 7.9 Merck KGaA
- 7.9.1 Business Overview
- 7.9.2 Financial Data
- 7.9.3 Product Landscape
- 7.9.4 SWOT Analysis
- 7.9.5 Strategy outlook
- 7.10 Ecolab, Inc.
- 7.10.1 Business Overview
- 7.10.2 Financial Data
- 7.10.3 Product Landscape
- 7.10.4 SWOT Analysis
- 7.10.5 Strategy outlook
- 7.11 Diversey, Inc.
- 7.11.1 Business Overview
- 7.11.2 Financial Data
- 7.11.3 Product Landscape
- 7.11.4 SWOT Analysis
- 7.11.5 Strategy outlook
- 7.12 Enviro Tech Chemical Services, Inc.
- 7.12.1 Business Overview
- 7.12.2 Financial Data
- 7.12.3 Product Landscape
- 7.12.4 SWOT Analysis
- 7.12.5 Strategy outlook
- 7.13 Loeffler Chemical Corporation
- 7.13.1 Business Overview
- 7.13.2 Financial Data
- 7.13.3 Product Landscape
- 7.13.4 SWOT Analysis
- 7.13.5 Strategy outlook
- 7.14 Hydrite Chemical Co.
- 7.14.1 Business Overview
- 7.14.2 Financial Data
- 7.14.3 Product Landscape
- 7.14.4 SWOT Analysis
- 7.14.5 Strategy outlook
- 7.15 Acuro Organics Limited
- 7.15.1 Business Overview
- 7.15.2 Financial Data
- 7.15.3 Product Landscape
- 7.15.4 SWOT Analysis
- 7.15.5 Strategy outlook
- 7.16 Airedale Chemical Company Limited
- 7.16.1 Business Overview
- 7.16.2 Financial Data
- 7.16.3 Product Landscape
- 7.16.4 SWOT Analysis
- 7.16.5 Strategy outlook