Global Peracetic Acid (PAA) Market Revenue Was $228 Million in 2023

Peracetic acid, also known as acetic acid hydrogen peroxide, is an organic compound with the chemical formula C2H4O3. It belongs to derivatives of organic peroxides and acetic acids. Peracetic acid is a colorless and transparent liquid at low temperatures, with a pungent odor, and is easily soluble in water, ethanol, ether, and sulfuric acid.

Analysis of Downstream Application Pattern

Peracetic acid has strong oxidizing properties and is a strong oxidant. Its purity is extremely unstable and can explode violently at -20 ℃. Peracetic acid has a wide range of applications, such as being used as a fungicide, bleach, oxidant, and environmental oxidant. It has important applications in food and beverage, healthcare, industry, energy, environmental protection, and other fields. Among many application fields, the food and beverage industry is the largest downstream application market for peracetic acid. According to our research data, the sales volume of peracetic acid in the food and beverage industry in 2023 was 156.8k tons, accounting for a high proportion of 69.98%.

Global Peracetic Acid (PAA) Market Sales Volume and Proportion by Application in 2023

Applications

Sales Volume (K Tons)

Proportion

Food & Beverage

156.8

69.98%

Water Treatment

21.4

9.55%

Healthcare

17.0

7.58%

Paper

16.7

7.45%

Others

12.2

5.45%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Market Development in Major Regions
Peracetic acid, as a common disinfectant, its production scale is influenced by factors such as global health conditions and the pandemic. In the past few years, the demand for peracetic acid has increased significantly due to the outbreak and spread of the COVID-19 epidemic. Data shows that the global sales volume of peracetic acid reached 224.0k tons in 2023, with a market revenue of $288 million.
The global market for peracetic acid is mainly concentrated in regions such as North America, Europe, and Asia. Among them, North America is the largest sales market. According to our data, the sales volume of peracetic acid in North America in 2023 was 80.3k tons, accounting for 35.85% of the global total sales; Europe and the Asia Pacific region have become the world's second and third-largest sales markets for peracetic acid with 27.59% and 26.50% respectively. Furthermore, from a national perspective, as one of the world's largest producers of disinfectants, China also has a high demand for peracetic acid.
Global Peracetic Acid (PAA) Market Sales Volume Forecast and Sales Share by Region  

Global Peracetic Acid (PAA) Market Sales Volume Forecast and Sales Share by Region
Source: www.globalmarketmonitor.com

Beyond Consulting, Future is Feasible

We provide more professional and intelligent market reports to complement your business decisions.