The sterilant application is projected to grow at the highest CAGR during the forecast period.
The sterilant segment is projected to grow at a higher rate than the other application segments. It is an emerging application of peracetic acid. The major factor responsible for the growth of sterilants is their increased demand in the food industry, life sciences, pharmaceutical, and other industrial products. The rising population is also projected to boost the demand from end-user industries, such as healthcare and life sciences.
The water treatment end-use industry of the peracetic acid market is expected to grow at the highest CAGR during the forecast period.