This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Peracetic Acid industry.
How has the peracetic acid market size changed in recent years, and what is the outlook ahead?
The peracetic acid market size has grown rapidly in recent years. It will grow from $1.13 billion in 2024 to $1.25 billion in 2025 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to growing meat production industry, increase in demand from food and beverages industry, widespread adoption of peracetic acid in the agricultural sector, rising adoption for efficient water treatment solutions, demand for high quality biocide products.
The peracetic acid market size is expected to see rapid growth in the next few years. It will grow to $1.83 billion in 2029 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rise in use of peracetic acid in the pharmaceutical industry, growing demand for high-quality paper products, demand for safe drinking water, surge in healthcare expenditure, growing global population. Major trends in the forecast period include advanced infrastructure, integration of advanced reactors, optimized production processes, bio based production, development of advanced heterogeneous catalyst.
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What are the top economic and technological drivers pushing peracetic acid market growth?
The demand for safe drinking water is expected to propel the growth of the peracetic acid market going forward. The demand for drinking water is rising due to population growth, urbanization, industrialization, increased agricultural needs, and the impact of climate change on water resources, leading to greater competition for limited freshwater supplies. Peracetic acid is required to provide safe drinking water because it effectively disinfects pathogens without leaving harmful residues or byproducts, ensuring water safety and environmental sustainability. For instance, in February 2024, according to a report published by the United Nations Educational, Scientific, and Cultural Organization (UNESCO), a France-based specialized agency, as of 2022, 2.2 billion people still needed access to safely managed drinking water. Additionally, four out of five individuals without at least basic drinking water services lived in rural areas. Therefore, the demand for safe drinking water is driving the growth of the peracetic acid market.
How is the peracetic acid market segmented by product, application, and end-user?
The peracetic acid market covered in this report is segmented –
1) By Grade: Solution Grade; Distilled Grade
2) By Application: Disinfectant; Sterilant; Sanitizer; Other Applications
3) By End-Use: Healthcare; Food And Beverage; Water Treatment; Pulp And Paper; Other End-Users
Subsegments:
1) By Solution Grade: 5-15% Peracetic Acid Solution; 15-30% Peracetic Acid Solution; 30-35% Peracetic Acid Solution; Low-Concentration Peracetic Acid Solution
2) By Distilled Grade: High Purity Peracetic Acid; Analytical Grade Peracetic Acid; Industrial-Grade Distilled Peracetic Acid
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Which major trends are influencing the growth of the peracetic acid industry?
Major companies in the peracetic acid market are focusing on developing innovative products such as recirculating aquaculture systems (RAS) and biocide to enhance productivity. Recirculating aquaculture systems is a sustainable fish farming method that recycles water to maintain optimal quality while minimizing environmental impact, allowing for high-density fish farming and water conservation. Biocides are chemical agents utilized to eliminate or manage harmful organisms, such as bacteria, fungi, viruses, and pests, across various applications including disinfection, pest management, and water treatment. For instance, in May 2023, Evonik launched VIGOROX Trident to effectively reduce fish pathogens in recirculating aquaculture systems and ponds, even in the presence of fish. The primary aim is to provide an effective treatment for managing water quality and reducing waterborne fish pathogens in aquaculture.
Which leading companies are dominating the peracetic acid market landscape?
Major companies operating in the peracetic acid market are Brenntag AG, Evonik Industries AG, Ecolab Inc., Univar Solutions Inc., Solvay S.A., FMC Corporation, Mitsubishi Gas Chemical Co Inc., Steris Corporation, Kemira Chemicals, Hawkins Inc., Hydrite Chemical Co., Christeyns NV, PeroxyChem LLC, Spectrum Chemical Manufacturing Corp., Airedale Chemical Company, Seeler Industries Inc, Chemtex Speciality Ltd., Acuro Organics Limited, Promox S.p.A., A. B. Enterprises, Evans Chem India Pvt. Ltd.
Which geographic areas are expected to offer the highest growth opportunities in theperacetic acid market?
North America was the largest region in the peracetic acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peracetic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Peracetic Acid Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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