The peracetic acid market size was valued at USD 939.30 million in 2024 and is projected to reach USD 1694.01 million by 2032, with a CAGR of 7.65% during the forecast period of 2025 to 2032.
Peracetic acid, also known as peroxyacetic acid (PAA), is an organic chemical compound recognized for its strong oxidizing properties and powerful disinfectant capabilities. It is widely used as a sanitizer and sterilizing agent across industries such as food and beverage, healthcare, water treatment, and agriculture. Its effectiveness against bacteria, fungi, and viruses, combined with its environmentally friendly breakdown into acetic acid, oxygen, and water, has made it a preferred choice over traditional disinfectants. As industries increasingly adopt sustainable and efficient sanitation practices, the global peracetic acid market continues to expand steadily.
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Market Trends
One of the prominent trends shaping the peracetic acid market is the rising emphasis on food safety and hygiene. With foodborne diseases and contamination risks gaining more attention globally, food processors and beverage manufacturers are investing in peracetic acid-based solutions for cleaning equipment and surfaces. Another key trend is the use of peracetic acid in water treatment, especially in wastewater management and industrial water purification, where its ability to reduce microbial load without leaving harmful residues is highly valued.
Healthcare facilities are also driving adoption, as peracetic acid is used for sterilizing medical instruments and endoscopes. Growing concerns about hospital-acquired infections (HAIs) have increased reliance on high-level disinfectants, boosting market penetration. Additionally, the movement toward eco-friendly chemicals is fueling demand for peracetic acid as it offers a safer alternative to chlorine-based disinfectants. The growth of sustainable farming practices, where peracetic acid is used for crop protection and irrigation water treatment, is another trend positively impacting the market.
Market Size
The global peracetic acid market has been experiencing consistent growth due to expanding end-user applications. Industry estimates suggest the market is valued in the multi-billion-dollar range, with significant year-on-year expansion. Demand from water treatment and food processing sectors forms the largest share of consumption. Rapid urbanization, increasing industrial output, and heightened awareness of sanitation have also contributed to this growth trajectory. Emerging economies in Asia-Pacific and Latin America are becoming hotspots for market expansion, with rising infrastructure development and regulatory support for safer sanitation chemicals.
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Market Share
The market share is distributed across multiple segments based on product type, application, and region. In terms of product type, disinfectants and sterilants account for the largest share, driven by healthcare and food safety requirements. By application, water treatment dominates the market, followed by food and beverage processing. Geographically, North America and Europe hold substantial market shares due to stringent regulatory frameworks on hygiene and water safety. However, Asia-Pacific is rapidly gaining ground, with countries like China and India emerging as fast-growing markets due to industrialization and increasing consumer demand for safe food and water.
Market Growth
The market growth for peracetic acid is being fueled by several factors. The rising global population is directly influencing demand for safe food and clean water, creating strong prospects for disinfectants. Moreover, stricter government regulations on water treatment, food processing hygiene, and infection control are pushing industries to adopt peracetic acid. Technological advancements in production processes are also making peracetic acid more cost-effective, thereby supporting wider adoption. The healthcare sector, with its growing need for effective sterilization methods, continues to be a strong growth driver.
Another factor contributing to growth is the substitution of peracetic acid for chlorine-based chemicals, which are increasingly restricted due to environmental and health hazards. Companies are investing in research to develop advanced formulations of peracetic acid that are safer and more stable, further broadening the market’s potential. The increasing number of mergers, acquisitions, and partnerships among key players is also helping to expand product portfolios and global reach.
Market Demand
The demand for peracetic acid is rising across diverse industries. In food and beverage, the chemical is used for surface sanitation, equipment cleaning, and beverage bottle sterilization. Water treatment plants are adopting it for controlling microbial growth and reducing chemical by-products in treated water. In healthcare, its demand is growing for surgical instrument sterilization and disinfection of hospital environments. Agriculture is another important demand driver, with applications in greenhouse sanitation, irrigation line disinfection, and crop protection.
The COVID-19 pandemic further highlighted the importance of effective disinfectants, significantly boosting demand for peracetic acid in medical, commercial, and public sanitation applications. Even after the peak of the pandemic, heightened awareness of hygiene standards continues to sustain demand. With industries worldwide prioritizing safety and sustainability, peracetic acid demand is expected to remain strong.
Market Future Insights
The future of the global peracetic acid market looks promising, with opportunities driven by innovation, sustainability, and regulatory support. The push for cleaner water and safer food supplies worldwide will continue to bolster its adoption. Technological innovations are expected to enhance product stability, making it easier to handle and apply across industries. The ongoing trend of replacing traditional disinfectants with eco-friendly alternatives will also accelerate growth.
Asia-Pacific is forecasted to become the fastest-growing regional market, supported by industrial expansion, urbanization, and supportive government policies. North America and Europe will maintain steady growth due to strict hygiene standards and environmental regulations. In addition, the global focus on reducing chemical waste and environmental hazards positions peracetic acid as a future-ready solution for multiple sectors.
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