Acetic Acid Peroxide Market Size, Share, Growth, and Industry Analysis by Type (Below 5% PAA, 10%-12% PAA, 15% PAA, Others), by Application (Food & Beverages, Water Treatment, Healthcare, Pulp & Paper, Others), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

Acetic acid peroxide market Report Overview

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The global acetic acid peroxide market size was USD 445.3 million in 2020 and the market is projected to touch USD 779.8 million by 2032 at a CAGR of 4.8% during the forecast period.

Acetic acid peroxide, also known as peracetic acid or PAA, is an organic compound. It is a colourless liquid with a characteristic pungent odour reminiscent of household vinegar. All commercially available PAA products contain an equilibrium of PAA, hydrogen peroxide, acetic acid, and water. Its formula is CH3CO3H. Acetic acid peroxide eradicates surface contaminations mainly protein from endoscopic tubing. It is used in healthcare industry as chemical disinfectant, in food industry as sanitizer also it is disinfectant during water treatment. Acetic acid peroxide is useful for bacterial fungi removal from fruits and vegetables. It is used as a disinfectant and bleaching agent in critical applications like water treatment, food and beverage, and healthcare. It is an extremely acidic liquid chemical. It is produced by hydrogen peroxide and acetic acid. It is considered as one of the most effective agents after ozone.   Rising demand for chemical products such polymers, pigments, and medicinal intermediates this will influence on substantial chemical manufacturing sector companies. Market companies are making investment in innovation to generate new formulas and examine critical controls routines which can provide them competitive edge. Participants are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with acetic acid peroxide market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

COVID-19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID-19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Acetic acid peroxide market Segmentation

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• By Type Analysis

According to type, the market can be segmented into below 5% PAA, 10%-12% PAA, 15% PAA, Others.

Below 5% PAA will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into food & beverages, water treatment, healthcare, pulp & paper, others.

Acetic acid peroxide market players cover segment as food & beverages will dominate the market share during forecast period.

Driving Factors

"Increase in demand for drinking water to boost the market growth"

Increasing demand for drinking water due to the growing inhabitants and rising water shortage concerns motivate the markets growth. Rapid industrialization around the world is pushing the need for clean, treated water. Acetic acid peroxide is used as an oxidising agent in water treatment procedures to abolish organic pollutants and disinfect water. The pulp and the paper industry uses acetic acid peroxide to bleach wood pulp and treating wastewater which is anticipated to drive the acetic acid peroxide market growth.

"Technological advancement and development to upsurge the market."

Increasing demand for paper products exclusively in packaging and tissue papers is driving the market. Government are implementing strict environmental regulations to reduce the use of harmful chemicals this increased the demand for eco-friendly bleaching agents. Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the market growth. Manufactures are constantly investing in research and development activities and growing awareness about benefits of acetic acid peroxide are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factor

"High Cost And Lack Of Awareness To Hamper The Market Growth"

High cost is hampering development of acetic acid peroxide market. Lack of knowledge and awareness is also another factor which is depleting the market growth. Technical difficulties will reduce the industry revenue.

Acetic acid peroxide market Regional Insights

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"Asia Pacific To Dominate The Region Due To Development Of Market And Easy Availability Of Raw Material"

Asia Pacific is further expected to witness growth in the acetic acid peroxide market share. The region is dominating the market due to developing market for acetic acid peroxide products in end-use sectors like water treatment, food, and healthcare also due to the cheap labour and easy availability to raw materials .The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Solvay (Belgium)
• Evonik (Germany)
• PeroxyChem (U.S.)
• Kemira (Finland)
• Mitsubishi Gas Chemical (Japan)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.