Peracetic Acid (PAA) Market Was Estimated at USD 422 Million in 2020 And Is Projected to Reach USD 562.9 Million by 2027, Registering A CAGR of 4.2% From 2021 To 2027

September 20, 2021, New York, USA -  Peracetic Acid (PAA): Introduction

The widely used disinfectant in the hospital and the food processing industry is called Peracetic Acid. It is very efficient in killing microscopic organisms which are hidden in and on the surface. It is able to destroy spores, fungi, bacteria, yeasts and viruses etc. 

It is highly efficient against a wide range of microorganisms. It is considered to be the ideal antimicrobial agent which is used across various industries, including water treatment, food processing, agriculture, pulp and water and many more.

Benefits of Peracetic Acid (PAA):

It's been used in a variety of industries due to its multiple benefits. 

Effective against the broad spectrum of microorganisms:

The industry spent billions of dollars per year on compromised products. It happens due to microbes. Microbes spoil and contaminate final products. Microbes can spoil everything from food to paper to water systems and paint products. The specific microorganism can be quickly detected and determined. Peracetic Acid allows customers to act immediately by providing quick results.

It has no toxic by-products:

Peracetic Acid has the quality to break down easily into environment-friendly residuals. And it doesn't produce any toxic by-products. 

It provides effective odour control:

If the odour controlling solution has a Peracetic Acid, it doesn't require multiple chemicals for controlling odour. 

It produces sustainable and safe decomposition:

Peracetic Acid is easy to handle:

Peracetic Acid can be operated over a wide temperature and PH range: 

The Global Peracetic Acid (PAA) Market Overview and Forecast:

The Peracetic Acid (PAA) Market was estimated at USD 422 Million in 2020 and is projected to reach USD 562.9 Million by 2027, registering a CAGR of 4.2% from 2021 to 2027.

Peracetic Acid can be used to stop microbial activity in food and beverages. Temporarily, the spread of COVID-19 in the world during the first half of 2020 had a negative impact on the food and beverage industries due to the closing of stores, inability of labourers, shortages of raw materials and disruption in the supply chains. The end-user demand did not suffer as each nation under lockdown was primarily concerned with the supply of food. This allowed the food and beverages industry to operate within safety guidelines.

Peracetic acid-based disinfectants work well against bacteria, viruses, and fungi on both clean and dirty surfaces. They work by oxidizing protein cells, which kills pathogens even at low levels. The Centers for Disease Control and Prevention reported that poison centres in the United States received 45,550 calls for cleaners (28,158) and disinfectants (17,392) during January-March 2020. This represents an overall increase of 20.4% and 16.4% over January-March 2019 (37,822) and January-March 2018 (39,122), respectively. 

The market is expected to grow in the medium term due to the rapid increase in demand for potable drinking water around the world.

Market opportunities are presented by the increase in Peracetic Acid use in aseptic packaging.

Peracetic Acid's adverse health effects on the skin, lungs, and eyes are the biggest hindrance to this market.

The Market Trend and Dynamics of the Global PV Glass Market:

Disinfectant Application to Dominate the Market.

Peracetic Acid, a biocidal disinfectant that is widely used in many industries, is popular.

Peracetic Acid is capable of controlling harmful bacteria, viruses and spores. Peracetic Acid is an oxidant that has a fast action and can penetrate cell membranes to disrupt the enzyme system. It also destroys pathogenic microorganisms.

PAA's proven antimicrobial properties make it an effective biocidal disinfectant both in-home, in food production and in agriculture. Peracetic Acid (PAA) is a popular antimicrobial used in the food and protein industries.

It can be used for water treatment and other industrial purposes, including to prevent the formation of biofilms and pathogenic growth.

Peracetic Acid also has an environmental advantage because it works at low temperatures without any traces of chlorine.

It is easily broken down into its harmless, ecological components after use. It is a great alternative to traditional disinfectant and cleaning chemicals, increasing the market demand.

It can also be used to disinfect medical supplies, prevent bio film formation in pulp industries, as well as water purifiers and disinfectants.

COVID-19 has led to the need for surface disinfection, such as in public spaces, hotels, transportation and cleaning in place (CIP), in the food & drink industry.

The US Census Bureau estimates that in January 2021, sales of food and beverages in the United States were approximately 70.9 billion dollars.

The global healthcare community has been challenged by COVID-19 to respond to the growing demand for disinfectants. They must ensure their efficacy and minimize their environmental impact, thus fuelling the demand for PAA.

All of the above factors will drive the market for PAA disinfectants.

The Key Market Segmentation of the Global Peracetic Acid (PAA) Market: 

Global Peracetic Acid (PAA) Market can be divided into Product Application, End-User Industry, and Geographical landscapes, etc. 

Global Peracetic Acid (PAA) Market Segmentation By Product Application:

Disinfectant

Oxidizer

Sterilant

Others

Global Peracetic Acid (PAA) Market Segmentation By End-User Industry:

Food and Beverage

Waste Water

Paper

Pharmaceutical

Chemical

Other End-user Industries

Global Peracetic Acid (PAA) Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

The Middle East and Africa

Major Key Players in the Global Peracetic Acid (PAA) Market Are:

PeroxyChem

Solvay

Evonik

BioSafe Systems

Biosan

Shepard Bros

Mitsubishi Gas Chemical

Habo

Kemira

Enviro Tech Chemical

The Global Peracetic Acid (PAA) Market Report Highlights:

Asia-Pacific Region to Rule the Market.

The Asia Pacific region is expected to be the largest market for Peracetic Acid over the forecast period. Due to increasing demand from many end-user industries such as chemical, pharmaceutical, food, beverage, and chemical, the demand for PAA is increasing in countries like China and India.

PAA can also be used to aid in the oxidative degradation of hazardous substances found in wastewater. This makes water treatment simple. This is why there has been a rise in demand for PAA to be used for water treatment applications.

China is the biggest economy in the Asia-Pacific region, according to GDP. China is the fastest-growing economy globally. Nearly all end-user industries are growing due to their rising population, living standard, and per capita income.

China's wastewater treatment sector covers water recycling, influent treatment, and sewage treatment. China's National Bureau of Statistics reports that it has spent YUAN 6.99 Billion on industrial wastewater treatment in 2019.

According to the US International Trade Commission, China and India will consume the most water in Municipal and Domestic, Industry, and Agriculture consumption by 2035. This would increase the need for PPA in wastewater treatment.

During the forecast period, the market will be driven by the increasing demand from different regions.