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PERACETIC ACID MARKET ANALYSIS

Peracetic Acid Market, By Grade (Less than 5% Grade, 5-15% Grade, and Greater than 15% Grade), By Application (Disinfectant, Sterilant, Sanitizer, and Others), By End User (Food and Beverages, Pulp and Paper Bleaching, Water Treatment, Healthcare, Agriculture, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Regional Analysis

Peracetic Acid Market Regional Insights

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North America has dominated the global peracetic acid market for many years owing to a strong presence of end-use industries such as healthcare and food & beverage processing in the region. North America is expected to account for over 38.6% of the market share in 2024 of the total PAA demand due to stringent regulatory standards for disinfection and sterilization applications in healthcare and food processing industries. Major PAA producers have well established manufacturing facilities as well as supply chains across the region to effectively cater to local demand.  Moreover, the growing awareness about superior characteristics of PAA such as low toxicity and fast action over other chemical disinfectants has propelled its consumption in hospitals, pharmaceuticals, and agriculture sectors.

On the other hand, the Asia Pacific region has emerged as the fastest expanding market for peracetic acid globally. China represents the largest PAA market in Asia Pacific due to the concentration of the manufacturing capacity of downstream industries including pulp & paper and wastewater treatment. Rising environmental concerns have led the Chinese government to promote the use of green chemicals in place of conventional hazardous disinfectants. This has significantly boosted the adoption of peracetic acid in the country.  India and Southeast Asian countries have also witnessed a spike in PAA consumption from water treatment plants to meet strict effluent discharge norms. The rapid expansion of the food processing and healthcare infrastructure provides enormous untapped opportunities for peracetic acid producers to offset sluggish demand from developed regions. The entry of new market players to tap into Asia Pacific's growing need for eco-friendly alternatives will further propel the regional market at an exponential rate in the near future.

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