The glutaraldehyde market revenue was expected to be valued at USD 450 million in 2021 and is expected to reach USD 786 million in 2032, with a CAGR of 5% between 2022 and 2032.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | 450 million USD |
| Expected Market Value (2022) | 461 million USD |
| Anticipated Forecast Value (2032) | 786 million USD |
| Projected Growth Rate (2022 to 2032) | 5% CAGR |
Glutaraldehyde cross-links the protein of the cells and aids in the rapid death of the cells. The first step of tissue fixation is now complete. Aside from that, glutaraldehyde is used as a hardening or cross-linking agent in X-Ray film processing to shorten the drying cycle. This application is not only widely used in the medical industry, but it has also found use in some engineering applications.
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Factors such as the expanding healthcare industry in emerging economies, rising demand for personal care and hygiene products, and the increasing use of glutaraldehyde disinfectant in wastewater treatment applications are driving the market. Furthermore, the expanding household and industrial cleaning industries are expected to contribute to the glutaraldehyde market growth during the forecast period.
Glutaraldehyde has long been used as a disinfectant at a high level. It's used as a disinfectant on surgical tools to kill dangerous microbes, and it's also used as a fixative or preservative in other parts of a hospital.
Furthermore, glutaraldehyde does not corrode metals and does not harm lenses, rubber, or plastics, so it is preferred over other disinfectants in a variety of end-use industries. As a result of all of these factors, the demand for glutaraldehyde as a disinfectant is growing in a variety of end-use industries.
Biofilms are a significant problem in oil and gas production systems, and biofilm-related problems are common in pipelines. A biofilm's presence is frequently linked to microbiologically influenced corrosion (MIC).
Controlling biofilms is therefore critical for minimizing microorganism-caused corrosion events. It has been demonstrated that glutaraldehyde can perforate biofilms and kill the microorganisms contained within them.
Glutaraldehyde is an effective product for controlling existing biofilms in pipelines and preventing the formation of new ones due to its penetrating ability and long-term stability in oilfield waters. Governments are also heavily investing in pipeline projects.
For example, the Indian government intends to invest USD61 billion in natural gas infrastructure in India through 2024, including the construction of gas pipelines and LNG terminals. As a result, it is expected that the glutaraldehyde market will be driven in the future by increasing pipeline projects.
Glutaraldehyde is widely used in the industrial, scientific, and biomedical fields. Many negative health effects in humans have been linked to biomedical applications of GA, with 2-3 percent aqueous GA solution commonly used for cold sterilization and GA exposure levels ranging from 0.001 to 2.5 ppm.
Although GA is extensively metabolized to CO. Sensory irritant effects, sensitization of skin and respiratory organs, and other symptoms have been reported by endoscopy nurses and medical radiation technologists. Peak concentrations of GA are strongly linked to the prevalence of chronic bronchitis and nasal symptoms in humans.
The severity of primary skin irritation is dose-dependent and dependent on contact duration and location. Furthermore, chronic glutaraldehyde inhalation damages the nose and respiratory tract, with lesions becoming more severe over time.
Europe is a major market for glutaraldehyde due to the region's well-established research-based pharmaceutical and tanning industries. Furthermore, rising glutaraldehyde demand in countries such as the United Kingdom, Australia, Norway, and France has fueled regional market growth.
The European Commission announced in March 2021 that it intends to push through a proposal to add glutaraldehyde to the REACH Directive's list of substances of very high concern (SVHC), which includes its use in tanning chemicals. As a result, the glutaraldehyde market is facing significant challenges as a result of these acute hazards.
Europe has the highest demand for glutaraldehyde, followed by North America and Asia Pacific. The Asia Pacific region, led by China and India, is expected to increase. The medical and healthcare industry is thriving in the region as a result of densely populated countries such as India and China, rising population income levels, and increased expenditure on healthcare facilities.
By 2022, the Indian government intends to increase healthcare spending to 3.1 percent of the GDP. (GDP). The Japanese government approved the second phase of its five-year health and medical plan in March 2020.
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Some of the key participants present in the global Glutaraldehyde market include Universal Preserv-A-Chem Inc. (UPICHEM), Grassland Agro, Advanced Sterilization Products (Cilag GmbH International), Whiteley Corporation, Sisco Research Laboratories Pvt. Ltd., Lenntech B.V.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Product Type, Application, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC Countries, South Africa |
| Customization | Available Upon Request |
FMI projects the global glutaraldehyde market to expand at a 5% value CAGR by 2032
Europe is expected to be the most opportunistic glutaraldehyde market.
Universal Preserv-A-Chem Inc. (UPICHEM), Grassland Agro, Advanced Sterilization Products (Cilag GmbH International), Whiteley Corporation, Sisco Research Laboratories Pvt. Ltd., Lenntech B.V. are some prominent glutaraldehyde manufacturers.
| Estimated Market Size (2024E) | USD 221.3 million |
|---|---|
| Projected Market Value (2034F) | USD 396.5 million |
| Value-based CAGR (2024 to 2034) | 6% |
| Market Estimation (2023E) | USD 393.46 million |
|---|---|
| Market Projection (2033F) | USD 593.71 million |
| Value CAGR (2023 to 2033) | 4.2% |
| Market Size (2022) | USD 93.3 Million |
|---|---|
| Market Size (2032) | USD 131.5 Million |
| Value CAGR (2022 to 2032) | 3.9% |
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Glutaraldehyde Market
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