The Peracetic Acid Market is estimated to be valued at US$ 1014.03 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Peracetic acid is an organic compound with the chemical formula C2H4O3. It is commonly used as a sterilizing and bleaching agent. Peracetic acid is produced through an equilibrium reaction between acetic acid and hydrogen peroxide. It is used as a surfactant, disinfectant and bleaching agent in healthcare, food & beverage processing and other industries due to its effective antimicrobial properties.

Market Dynamics:
The growth of the peracetic acid market is mainly driven by rising demand from healthcare industry for enhanced disinfection and sterilization of medical equipment and devices. Peracetic acid's effectiveness against various microorganisms like bacteria, fungi, and viruses has resulted in its increasing adoption for disinfection of hospitals, clinics and other healthcare facilities. Furthermore, peracetic acid is increasingly used in food & beverage processing as a disinfectant and sanitizer to eliminate pathogenic bacteria from food surfaces, equipment and processing facilities. Growing concerns regarding food safety and public health has augmented the consumption of peracetic acid in this industry.

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