Peracetic Acid Market Set to Flourish with Projected CAGR of 7.9% through 2023-2030, Finds MarkWide Research Report
According to a new report published by MarkWide Research, titled, “Peracetic Acid Market – Disinfecting Trends and Growth Prospects 2023-2030,” the global peracetic acid market is poised for substantial growth, projecting a Compound Annual Growth Rate (CAGR) of 7.9% over the forecast period from 2023 to 2030. This surge is primarily attributed to the increasing demand for effective disinfection solutions across industries, including healthcare, food and beverage, and water treatment.
The “Peracetic Acid Market – Disinfecting Trends and Growth Prospects 2023-2030” report delves into the thriving market for peracetic acid, a powerful disinfectant known for its broad-spectrum antimicrobial properties. As industries and communities prioritize hygiene and disease prevention, the peracetic acid market assumes a vital role in providing reliable and sustainable disinfection solutions.
One of the key drivers of the peracetic acid market is the growing awareness of water and food safety. With the rise in foodborne illnesses and waterborne diseases, industries are seeking effective disinfection methods that can eliminate pathogens and contaminants. Peracetic acid, with its rapid action and minimal residue, meets this demand and drives market growth.
The report also highlights the role of regulatory standards in shaping the market landscape. Governments and organizations worldwide are implementing stringent regulations regarding disinfection practices, especially in healthcare and food processing. Peracetic acid, being approved by regulatory authorities for various applications, is gaining traction as a reliable disinfectant solution.
In terms of market segmentation, the report categorizes the peracetic acid market based on end-use industries, including healthcare, food and beverage, water treatment, and others. The healthcare segment is anticipated to maintain a significant share due to the high demand for disinfection and sterilization solutions in hospitals, clinics, and medical facilities.
Geographically, North America is expected to hold a prominent share in the peracetic acid market. The region’s stringent healthcare regulations, advanced water treatment infrastructure, and emphasis on food safety are driving the adoption of peracetic acid solutions. Additionally, Europe is witnessing robust growth due to the region’s focus on environmental sustainability and the demand for eco-friendly disinfection alternatives.
Asia-Pacific, with its expanding healthcare industry and growing population, is also a significant player in the market. The region’s increasing awareness of sanitation and hygiene, coupled with rising consumer expectations for safe food and water, is driving the adoption of peracetic acid disinfection solutions.
The “Peracetic Acid Market – Disinfecting Trends and Growth Prospects 2023-2030” report presents an in-depth analysis of key players in the market, including Solvay S.A., Evonik Industries AG, Ecolab Inc., and PeroxyChem LLC. These companies are actively investing in research and development to create innovative peracetic acid solutions that cater to changing industry requirements.
In conclusion, the global peracetic acid market is set to flourish, driven by the increasing focus on disinfection, hygiene, and regulatory compliance across industries. The “Peracetic Acid Market – Disinfecting Trends and Growth Prospects 2023-2030” report provides valuable insights into the dynamic landscape of peracetic acid, showcasing its significance in safeguarding public health and ensuring product safety.
For comprehensive market insights and detailed analysis, the complete “Peracetic Acid Market – Disinfecting Trends and Growth Prospects 2023-2030” report is now available for purchase.