About Peroxyacetic Acid
Peroxyacetic acid, also known as paracetic acid or PAA, is an organic peroxide-based, colourless liquid with a low pH and a strong pungent, vinegar-like Odor. It is a chemical compound that is used as an antimicrobial agent, sanitizer, and disinfectant. They are used in various applications, such as food and beverages, hospitals, pharmacies, etc. Research and development efforts to improve peroxyacetic acid formulations, making them more stable, efficient, and cost-effective, may accelerate the growth of the peroxide acid market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. Understanding the diverse needs of consumers and adapting to changing preferences are critical aspects of thriving in this competitive market. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Solvay (France), Biosafe Systems, LLC. (United States), Evonik (Germany), GoDaddy, LLC. (United States), Biosan (Russia), Envirotech (United States), Kemira (Finland), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Ecolab (United States), Acuro Organics Limited (India), Airedale Group (United Kingdom), National Peroxide Limited. (India), Seeler Industries Inc. (United States) and Arxada AG (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Peroxyacetic Acid market by , Application (Disinfectant, Sterilant, Sanitizer, Bleach and Others) and Region.
On the basis of geography, the market of Peroxyacetic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Peroxyacetic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industrial Vertical, the sub-segment i.e. Food and Bevereges will boost the Peroxyacetic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. < 5% Grade will boost the Peroxyacetic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Formulation, the sub-segment i.e. Stabilized PAA will boost the Peroxyacetic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased demand in agricultural industry for crop protection.
Market Growth Drivers:
The growing awareness of food safety and hygiene regulations has led to an increased demand for effective disinfection solutions. and The increasing emphasis on water quality and the need for reliable disinfection methods
Challenges:
Peroxyacetic acid solutions have a limited shelf life and can decompose over time and Compatibility issues with certain materials and substances may limit the application of peroxyacetic acid in specific industries.
Restraints:
Stringent regulatory requirements surrounding the use of peroxyacetic acid.
Opportunities:
Develop patio doors with advanced insulation features, such as triple-pane glass, low-E coatings, and thermal break technology. and Investing in design innovation, including contemporary aesthetics, unique finishes, and creative configurations.
Market Leaders and their expansionary development strategies
In December 2023, Evonik Industries acquired Thai Peroxide Company Limited (TPL), The acquisition marks a strategic move by the global peroxides producer to expand its portfolio of specialty-grade hydrogen peroxide and peracetic acid in the rapidly growing Asia Pacific market. The acquisition aligns with Evonik’s commitment to advancing its active oxygens business line, focusing on specialised products for forward-thinking applications. and In December, 2021, Arxada AG, a global leader in specialty chemicals, acquired of Enviro Tech Chemical Services, Inc. Enviro Tech is a category-leading manufacturer of proprietary and high efficacy antimicrobial and biocidal products. The acquisition will create a new, complementary business line in Arxada’s Microbial Control Solutions (‘MCS’) business.
In May 2022, specialty chemical manufacturer Enviro Tech Chemical Services (ETCS) an Arxada company is showcasing the world’s first and only dry peracetic acid (PAA) floor and equipment sanitizer at the Food Safety Summit. and In May 2023, Evonik has received registration from the U.S. Environmental Protection Agency (EPA) for its VIGOROX Trident peracetic acid for use in recirculating aquaculture systems (RAS) and ponds, launched by Evonik’s Active Oxygens business line, the biocide can reduce fish pathogens (bacteria and viruses) in the water. In fact, VIGOROX® Trident can be applied while fish are present, as it breaks down into only water, oxygen, and acetic acid
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.