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Glutaraldehyde Market Size, Share, Manufacturers, Regions, Forecast to 2024 - 2031 | Universal Preserv-A-Chem Inc. (UPICHEM)

07-25-2024 01:06 PM CET | Chemicals & Materials

Press release from: CMI

Glutaraldehyde Market

Glutaraldehyde Market

Market Overview:

The glutaraldehyde Market size was valued at US$ 698.4 Million in 2023 and is expected to reach US$ 786.2 Million by 2031, growing at a compound annual growth rate (CAGR) of 1.5% from 2024 to 2031.

Market Dynamics:

Glutaraldehyde market is expected to witness moderate growth owing to increasing demand from the healthcare industry. Rising cases of hospital acquired infections coupled with stringent regulations regarding sterilization of medical equipment is expected to drive the demand for glutaraldehyde. Furthermore, growing geriatric population prone to various diseases and increasing healthcare spending is also anticipated to fuel the glutaraldehyde market growth over the forecast period. Additionally, increasing investments in healthcare infrastructure development in emerging economies will create new growth avenues for glutaraldehyde providers. However, availability of alternative sterilization technologies may restrain the market growth.

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Glutaraldehyde Market Drivers

Increasing Demand from Medical Industry

Glutaraldehyde is widely used as a high-level disinfectant and sterilant in hospitals and other medical facilities. It is effective against vegetative bacteria, mycobacteria, fungi and viruses. As the global medical industry grows with rising healthcare spending and expansion of healthcare infrastructure, the demand for glutaraldehyde from this sector is increasing substantially. According to the World Health Organization, global healthcare spending is expected to increase at an annual rate of 3-4% until 2025. This rising expenditure on healthcare will drive the consumption of glutaraldehyde in sterilization applications.

Glutaraldehyde Market Opportunity

Rising Application in Biocides For Oil & Gas Industry

Glutaraldehyde has emerged as an effective biocide for controlling microbial corrosion in oil and gas pipelines and storage tanks. Microbial activity can damage pipeline infrastructure and hamper the production and transportation of oil and gas. Glutaraldehyde is used to control sulfate-reducing bacteria, acid-producing bacteria and slime-forming bacteria in this industry. With increasing oil and gas exploration and production activities as well as expansion of cross-country pipeline networks worldwide, the demand for biocides like glutaraldehyde is expected to rise. This offers new growth areas for glutaraldehyde manufacturers.

Glutaraldehyde Market Trends

Growing Adoption of Green Glutaraldehyde Alternatives

There is a growing trend where end-users are shifting from conventional glutaraldehyde to greener and safer alternatives due to stringent safety and environmental regulations. Some of the major alternative products gaining acceptance include ortho-phthalaldehyde, hydrogen peroxide, peracetic acid and glyoxal. These new-generation alternatives are more environment-friendly with lower toxicity. Additionally, regulatory bodies are promoting the use of substitutes with better toxicological profiles. Several manufacturers are strategizing product innovation and portfolio expansion in these alternative biocides. This trend is compelling glutaraldehyde producers to invest more in R&D to develop new application areas and improve environmental, health and safety characteristics.

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Top Companies Included in This Report:

โ˜… Universal Preserv-A-Chem Inc. (UPICHEM),Grassland Agro
โ˜… Advanced Sterilization Products (Cilag GmbH International)
โ˜… Whiteley Corporation
โ˜… Sisco Research Laboratories Pvt. Ltd.
โ˜… Lenntech B.V.
โ˜… The Dow Chemical Company
โ˜… Hubei Jinghong Chemical Co., Ltd.,
โ˜… Evans Vanodine International PLC

Market Segmentation:

By Product Type:

โ˜… By Product: Glutaraldehyde 25%, Glutaraldehyde 50%, Other Products

By Applications:

โ˜… By Application: Health Care, Cleaning Agent, Water Treatment, Cosmetics, Others

Key Regions/Countries are Classified as Follows:

ยป North America (U.S., Canada, Mexico)
ยป Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
ยป Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
ยป South America (Brazil, Argentina, Rest of SA)
ยป Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Glutaraldehyde Market by Players

Chapter 4: Market Size of the Glutaraldehyde Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Glutaraldehyde Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Glutaraldehyde industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

Contact Us

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About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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