As per MRFR’s analysis, the Global Glutaraldehyde Market is slated to register a CAGR of 3.5% to reach USD 826 Million by the end of 2025.
The health-care industry has a strong demand for glutaraldehyde, as its cold disinfection properties are expected to be a major driving force in the sector. Petroleum, paper and pulp, and animal health industries have all provided opportunities for the global glutaraldehyde sector. The growing healthcare industry in emerging economies, especially in Asia-Pacific, the demand for personal care and hygiene products, and the use of glutaraldehyde in wastewater treatment applications are all pushing the glutaraldehyde market forward. For long-term storage, aqueous glutaraldehyde (0.1–1.0 percent concentration) is used as a disinfectant and preservative. The majority of medically invasive procedures require sterilization of the equipment in order to avoid infection resulting from contaminated equipment. Therefore, a glutaraldehyde solution is extensively used in the healthcare sector to cold sterilize the equipment prior to any surgical procedure.
Furthermore, glutaraldehyde is the material of choice for a variety of applications since it is a relatively inexpensive aldehyde with excellent material compatibility. Furthermore, glutaraldehyde is easily biodegradable and is listed as non-carcinogenic by the Environmental Protection Agency. During the forecast period, these factors are expected to contribute to the global market’s growth. Concerns about water scarcity and impurities in supply water have fueled demand for commercial and industrial water treatment systems that use glutaraldehyde solutions as a microbicide in the wastewater treatment industry.
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The glutaraldehyde market is highly consolidated, with a few major players controlling the majority of the market. The glutaraldehyde market is dominated by players from Europe and North America, who account for a large portion of the glutaraldehyde market. As a high level of precaution is needed to reduce occupational and environmental exposure to glutaraldehyde, market players are focusing on reducing reliance on glutaraldehyde and finding suitable substitutes.
Lenntech B.V. (The Netherlands)
Finoric LLC (US)
are some of the eminent players of the global glutaraldehyde market.
However, there are some drawbacks to using glutaraldehyde, such as dermatitis, respiratory irritation, and a pungent odor, which are expected to limit the global glutaraldehyde market’s development.
By Application, the market is driven by the Disinfectant segment. It is expected to be the most common application segment, with a market share of more than 55%. The segment’s growth is fueled by a wide range of applications, rapid microbiocidal activity, and metal corrosion resistance.
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Over the comparison period, the healthcare segment led the industry in terms of end-use. The growing healthcare industry is expected to boost glutaraldehyde demand. In 2018, the segment held the largest market share, and this trend is expected to continue throughout the forecast period. Furthermore, the segment is expected to expand as the population grows and people become more conscious of health and hygiene issues. Personal care and hygiene expenditure has increased as a result of the increasing population and changing lifestyles of individuals, contributing to the segment’s development.
In 2018, the regional market had the largest share, and it is projected to expand at a healthy rate over the forecast period. The region’s pharmaceutical industry is growing at a rapid pace, which is expected to increase glutaraldehyde demand. Furthermore, rising glutaraldehyde consumption in animal housing applications is expected to fuel product demand in the region. The pharmaceutical industry in the United States was estimated at USD 464 billion in 2018.
Additionally, the increased R&D has boosted glutaraldehyde demand, which is expected to fuel Europe market growth. Because of the region’s well-established research-based pharmaceutical and tanning industries, Europe is a major glutaraldehyde sector. Furthermore, increasing glutaraldehyde demand in countries such as the United Kingdom, Norway, and France has fuelled regional market development.
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During the forecast period, APAC is projected to be the fastest-growing regional sector. Increased investments in the healthcare sector, especially in emerging economies, are credited with the increase. A rise in animal housing activities, coupled with the demand for dairy products, is another factor that is expected to propel the regional market forward.
The Latin American region’s market growth is expected to be aided by the rising healthcare industry. In MEA, glutaraldehyde is becoming more widely used as a microbicide in the wastewater treatment industry.
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