Peracetic Acid Market Latest Trend, Growth, Size, Application & Forecast 2027

Peracetic Acid Market Latest Trend, Growth, Size, Application & Forecast 2027

Across various industry verticals, different concentrations of peracetic acid are used to suit the needs for applications like bleaching, sanitization, chemical synthesis, sterilization, and disinfection. In the food industry, particularly, over the years, there has been a rapid increase in the production of peracetic acid sanitizers for use in food-grade manufacturing settings.

A notable example is the introduction of a dry PAA (peracetic acid) floor and equipment sanitizer by Enviro Tech Chemical Services in September 2021. This solution was designed to improve sanitization and environmental biosecurity in food and beverage facilities and other manufacturing and processing settings. As a result, the peracetic acid market is poised to depict consistent growth, as multiple formulations containing PAA acid have been registered with the U.S. EPA (Environment Protection Agency) recently, as disinfectants for COVID-19.

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In addition, the scope of this antimicrobial agent with high oxidizing potential expands beyond its application as a food surface disinfectant, including in agriculture.

Following are three key factors pushing peracetic acid industry expansion:

  • Mounting agricultural spending and high processed food consumption

Peracetic acid can prevent and control microbial growth in plants and soil. The acid is ideal for foliar applications when applied directly to crops, both post-harvest and in the field. The steady increase in agriculture expenditure, primarily driven by the coronavirus pandemic response, is thus bolstering the rate of peracetic acid preparation for agriculture applications.

According to the Food and Agriculture Organization, the share of agriculture in government spending reported by most countries revealed a steady increase from 1.73% in 2010 to 2.18% in 2020. Moreover, the acceleration of retail sales of processed fruits and vegetables during the pandemic is further proliferating the peracetic acid industry growth, as food processors widely utilize this disinfectant to reduce their microbial load and extend their shelf life.

  • Increasing registrations of PAA formulations to curb HAIs

The burden of nosocomial or hospital-acquired infections (HAIs) is continuing to increase worldwide. Following years of decline, hospitals in the U.S., for example, witnessed significant increases in these infections, largely as a result of the coronavirus pandemic. According to a Global Market Insights Inc. report, the peracetic acid market from the medical segment is poised to exhibit a CAGR of 8.9% through 2027.

Over the years, numerous PAA formulations have been registered with government agencies like the U.S. EPA and Health Canada as disinfectants against COVID-19 as well as in general applications. Factors like these could augment the need for liquid PAA acid, as it is used to disinfect endoscopes, decontaminate surfaces, and sterilize bone allografts to control infections, especially those that are caused by spore-forming bacteria.

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  • Rise of sewage treatment plant construction and water infrastructure projects

In recent years, a significant shift in interest has been observed, from traditional water treatment solutions including chlorine to alternative solutions like peracetic acid. This shift could be bolstered by efforts from major business entities. For instance, in August 2021, Toshiba Water Solutions Private Limited announced the conclusion of a contract inked with Bihar Urban Infrastructure Development Corporation Ltd. for a sewage treatment plant construction project. With the growing number of such sewage treatment projects, the deployment of peracetic acid for water disinfection will likely surge commendably.

Furthermore, there has a been a stronger emphasis on expanding access of businesses, schools, households, and childcare centers to clean drinking water. For instance, of the $550 billion in new spending announced by the U.S. House of Representatives, over $55 billion was allocated for drinking water, stormwater, and wastewater infrastructure funding. This proliferating investment in water infrastructure projects could enable the U.S. to emerge as a lucrative revenue pocket for the peracetic acid market in years to come.

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