Market Size of Peracetic Acid Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 0.36 Million tons |
| Market Volume (2029) | 0.48 Million tons |
| CAGR (2024 - 2029) | 5.71 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Peracetic Acid Market Analysis
The Peracetic Acid Market size is estimated at 0.36 Million tons in 2024, and is expected to reach 0.48 Million tons by 2029, growing at a CAGR of 5.71% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, growing demand from the water treatment industry and increasing usage as a disinfectant across various industries are some of the factors driving the growth of the market studied.
- On the flip side, high costs and adverse effects on health are expected to hinder the growth of the market.
- However, the increase in peracetic acid use in aseptic packaging is expected to act as an opportunity for the market.
- The Asia-Pacific region dominated the market worldwide, with countries like China, India, and Japan being the biggest consumers.
