Report Scope & Overview:
The Glutaraldehyde Market size was valued at USD 520 million in 2022. It is estimated to hit USD 739.49 million by 2030 and grow at a CAGR of 4.5% over the forecast period of 2023-2030.
Glutaraldehyde, a chemical compound widely used in various applications, has become increasingly popular due to its versatile properties and wide-ranging benefits. The market for glutaraldehyde is expanding in the agriculture sector. It is widely used as a preservative for animal feed, preventing the growth of harmful bacteria and extending the shelf life of the feed. Moreover, it is employed in the preservation of plant tissues and seeds, aiding in the conservation of genetic resources and facilitating research and development in the field of agriculture. It finds application in water treatment equipment, where it effectively eliminates harmful microorganisms, ensuring the safety of drinking water.
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Furthermore, the glutaraldehyde market is witnessing growth in the manufacturing industry. Glutaraldehyde is utilized in the production of various chemicals, such as plastics, resins, and adhesives. Its ability to crosslink proteins and polymers makes it an essential ingredient in the manufacturing process, enhancing the durability and strength of the final products. The increasing demand for sterilization and disinfection products, coupled with the growing awareness regarding the importance of maintaining hygiene, is driving the growth of the disinfectant application segment with a CAGR of about 4.7%. Additionally, advancements in technology and research are leading to the development of more efficient and eco-friendly glutaraldehyde-based products, further fueling the market's expansion.
Growing adoption of glutaraldehyde by the cosmetic sector
Increasing adoption of glutaraldehyde in the healthcare sector
Glutaraldehyde, a chemical compound widely used as a disinfectant and sterilizing agent, has witnessed a surge in demand within the healthcare industry. With the rise in healthcare-associated infections, healthcare providers are increasingly prioritizing the implementation of robust disinfection protocols. Glutaraldehyde, with its potent antimicrobial properties, has emerged as a reliable solution to combat these infections effectively. Furthermore, the global healthcare industry is witnessing significant growth, driven by factors such as an aging population, increasing healthcare expenditure, and advancements in medical technology. For instance, The Union Budget for 2023 in India has allocated a staggering amount of Rs 88,956 crore towards health expenditure, representing a significant increase of Rs 2,350 crore or 2.71% from the previous fiscal year's allocation of Rs 86,606 crore. As a result, the demand for medical equipment and devices, that require effective sterilization, is also on the rise. This surge in demand for medical equipment, coupled with the need for stringent disinfection measures, has directly contributed to the increased demand for glutaraldehyde.
Fluctuating raw material prices
The cost of raw materials used in the production of glutaraldehyde, such as propylene and ammonia, varies significantly due to factors like supply and demand dynamics and geopolitical events.
Potential health hazards associated with glutaraldehyde exposure
Prolonged or excessive contact with this chemical compound can cause skin irritation, respiratory problems, and even allergic reactions. These health concerns have led to stringent regulations and guidelines regarding the use and handling of glutaraldehyde, which may limit its market growth.
Growing awareness regarding the importance of water treatment and the need for effective disinfection methods
Increasing regulatory scrutiny regarding the use and disposal of glutaraldehyde
Impact of Russia-Ukraine War:
The ongoing Russia-Ukraine war significantly affected the European economy, leading to below-par performance and affecting regional economic activities. The demand for Glutaraldehyde from the domestic healthcare industry has remained persistently low. Additionally, other sectors such as Oil and gas and textiles have also experienced a decline in demand. This decrease in demand has had a ripple effect on domestic raw material prices, with formaldehyde also experiencing a downward trend after an initial uptick. Despite disruptions in the supply chain caused by adverse weather conditions, supplies have managed to remain stable, which has supported a downward price trend due to the narrow demand-supply gap. However, the persistent inflationary pressures, coupled with the Russia-Ukraine war, have impacted all sectors in the region, including the healthcare sector. Major manufacturing companies of Glutaraldehyde have reported significant losses in the third quarter compared to the previous year, primarily due to sluggish demand and a bleak market outlook. The instability in market dynamics has also affected consumer purchasing capacity.
Furthermore, surplus inventories in the domestic market, combined with competitive pricing, have compelled traders to sell the product at lower costs. This, in turn, has directly impacted consumer purchasing activities and the overall economy of the region. In Germany, inflation has shown signs of slowing down, with a decrease from 6.1% in May 2023 to 5.6% in June 2023. However, data from the German Federal Statistical Office indicates a decline of 0.1% in the Consumer Price Index in May 2023. Eurostat also reveals a decline in the Producers' Price Index of the region, dropping from 143.4 in March to 138.3 in May, with further declines expected. On average, the decline has been 3.6%. The prices of Glutaraldehyde experienced a decline during the fourth quarter of 2022 in the European market. This is attributed to the low demand observed in the downstream paper and pulp industry within the regional markets. The insufficient operation rates in this sector were primarily caused by the soaring energy prices.
Impact of Recession:
The recession has caused a decrease in demand for glutaraldehyde in various industries. Additionally, the recession has also affected the supply chain of glutaraldehyde. Manufacturers have struggled to find raw materials due to the reduced demand, resulting in higher production costs. This, along with the decline in revenue, has added pressure to the profitability of glutaraldehyde producers. In the second quarter of 2023, the sale of glutaraldehyde has been mixed due to fluctuations in demand. The price of the product increased by 5% in April 2023 but then dropped by 7% and 11% in the following two months. During this period, the prices of glutaraldehyde decreased in Europe, influenced by the falling prices of upstream hydrogen peroxide and weak demand. In the Chinese market, the price of upstream glutaraldehyde also dropped in the fourth quarter of 2022 due to reduced purchasing capacity caused by the struggling Asian economies. The pricing trend for glutaraldehyde in Japan and India during the fourth quarter of 2022 was consistent with the Chinese market.
Electron & Light Microscopy
Oil & Gas
North America dominated the Glutaraldehyde Market with the largest revenue share of about 42.1% in 2022. The region's robust healthcare infrastructure and advanced medical facilities played a pivotal role in driving the demand for glutaraldehyde-based products. These products are widely utilized in the healthcare sector for disinfection and sterilization purposes, ensuring the safety and well-being of patients. Moreover, the increasing awareness among consumers regarding the importance of maintaining proper hygiene and preventing the spread of infectious diseases has significantly contributed to the market's expansion. Glutaraldehyde, with its potent antimicrobial properties, has emerged as a preferred choice for disinfection and sterilization, further fueling its demand in North America.
Asia Pacific is expected to grow with the highest CAGR of about 4.8% during the forecast period of 2023-2030. The Glutaraldehyde Market, a key sector in the chemical industry, is anticipated to witness significant growth in the Asia Pacific region over the forecast period. As the population continues to grow, there is an increasing demand for various products and services, including healthcare and medical supplies. Glutaraldehyde, with its wide range of applications in disinfection and sterilization processes, is extensively used in the healthcare sector. The rising need for healthcare facilities and the subsequent demand for glutaraldehyde-based products are expected to drive market growth in this region.
Secondly, the Asia Pacific region has been witnessing substantial economic development in recent years. This growth has led to an increase in disposable income and improved living standards among the population. As a result, there is a growing demand for personal care and cosmetic products, which often incorporate glutaraldehyde as a key ingredient. For instance, The revenue generated in the Beauty & Personal Care market is about USD 223 billion in 2023. The expanding middle-class population in countries like China and India is expected to contribute significantly to the market growth in this region.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
The major key players are LANXESS, UPI Chem, TIMAC AGRO International, DOW, Finoric LLC, Whiteley Corporation, Neogen Corporation, Grassland Agro, Surfachem Group Ltd, Tianxin Chemical Enterprise, and other key players mentioned in the final report.
UPI Chem-Company Financial Analysis
In Nov 2022, Neogen Corporation successfully introduced its highly regarded Synergize® disinfectant to the markets of Europe, the Middle East, and Africa.
In Oct 2022, Neogen Corporation expanded its veterinary biosecurity portfolio by introducing COMPANION™ RTU. This ready-to-use formulation of the renowned COMPANION disinfectant was designed to offer convenience and efficiency to veterinary professionals.
In July 2022, LANXESS acquired International Flavors & Fragrances Inc.'s microbial division, which is a renowned producer of glutaraldehyde. This strategic acquisition positions LANXESS as the leading global supplier of microbial products.
|Market Size in 2022||US$ 520 Mn|
|Market Size by 2030||US$ 739.49 Mn|
|CAGR||CAGR of 4.5% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product (Glutaraldehyde 25% and Glutaraldehyde 50%)
• By Application (Water Treatment, Disinfectant, Tanning, Animal Husbandry, Electron & Light Microscopy)
• By End-user (HealthCare, Cosmetics, R&D Laboratories, Agriculture, Oil & Gas, and Others)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||LANXESS, UPI Chem, TIMAC AGRO International, DOW, Finoric LLC, Whiteley Corporation, Neogen Corporation, Grassland Agro, Surfachem Group Ltd, Tianxin Chemical Enterprise|
|Key Drivers||• Growing adoption of glutaraldehyde by the cosmetic sector
• Increasing adoption of glutaraldehyde in the healthcare sector
|Market Restraints||• Fluctuating raw material prices
• Potential health hazards associated with glutaraldehyde exposure
Ans: The Glutaraldehyde Market was valued at USD 520 million in 2022.
Ans: The expected CAGR of the global Glutaraldehyde Market during the forecast period is 4.5%.
Ans: The rising awareness regarding the importance of maintaining proper hygiene and preventing the spread of infections has led to a surge in demand for glutaraldehyde-based products.
Ans: The HealthCare segment is dominant in the Glutaraldehyde Market.
Ans: It effectively eliminates harmful bacteria, viruses, fungi, and other pathogens that can cause diseases in plants and animals. By using glutaraldehyde-based disinfectants, farmers can maintain a clean and healthy environment for their livestock, crops, and equipment. It helps extend the shelf life of harvested crops, preventing spoilage and reducing post-harvest losses. Moreover, By treating seeds with glutaraldehyde-based solutions, farmers can protect them from various seed-borne diseases and pathogens.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Ukraine- Russia war
4.2 Impact of ongoing Recession
4.2.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Glutaraldehyde Market Segmentation, By Product
8.1 Glutaraldehyde 25%
8.2 Glutaraldehyde 50%
9. Glutaraldehyde Market Segmentation, By Application
9.1 Water Treatment
9.4 Animal Husbandry
9.5 Electron & Light Microscopy
10. Glutaraldehyde Market Segmentation, By End-user
10.3 R&D Laboratories
10.5 Oil & Gas
11. Regional Analysis
11.2 North America
11.2.1 North America Glutaraldehyde Market by Country
11.2.2North America Glutaraldehyde Market by Product
11.2.3 North America Glutaraldehyde Market by Application
11.2.4 North America Glutaraldehyde Market by End-user
18.104.22.168 USA Glutaraldehyde Market by Product
22.214.171.124 USA Glutaraldehyde Market by Application
126.96.36.199 USA Glutaraldehyde Market by End-user
188.8.131.52 Canada Glutaraldehyde Market by Product
184.108.40.206 Canada Glutaraldehyde Market by Application
220.127.116.11 Canada Glutaraldehyde Market by End-user
18.104.22.168 Mexico Glutaraldehyde Market by Product
22.214.171.124 Mexico Glutaraldehyde Market by Application
126.96.36.199 Mexico Glutaraldehyde Market by End-user
11.3.1 Eastern Europe
188.8.131.52 Eastern Europe Glutaraldehyde Market by Country
184.108.40.206 Eastern Europe Glutaraldehyde Market by Product
220.127.116.11 Eastern Europe Glutaraldehyde Market by Application
18.104.22.168 Eastern Europe Glutaraldehyde Market by End-user
22.214.171.124.1 Poland Glutaraldehyde Market by Product
126.96.36.199.2 Poland Glutaraldehyde Market by Application
188.8.131.52.3 Poland Glutaraldehyde Market by End-user
184.108.40.206.1 Romania Glutaraldehyde Market by Product
220.127.116.11.2 Romania Glutaraldehyde Market by Application
18.104.22.168.4 Romania Glutaraldehyde Market by End-user
22.214.171.124.1 Turkey Glutaraldehyde Market by Product
126.96.36.199.2 Turkey Glutaraldehyde Market by Application
188.8.131.52.3 Turkey Glutaraldehyde Market by End-user
184.108.40.206 Rest of Eastern Europe
220.127.116.11.1 Rest of Eastern Europe Glutaraldehyde Market by Product
18.104.22.168.2 Rest of Eastern Europe Glutaraldehyde Market by Application
22.214.171.124.3 Rest of Eastern Europe Glutaraldehyde Market by End-user
11.3.2 Western Europe
126.96.36.199 Western Europe Glutaraldehyde Market by Product
188.8.131.52 Western Europe Glutaraldehyde Market by Application
184.108.40.206 Western Europe Glutaraldehyde Market by End-user
220.127.116.11.1 Germany Glutaraldehyde Market by Product
18.104.22.168.2 Germany Glutaraldehyde Market by Application
22.214.171.124.3 Germany Glutaraldehyde Market by End-user
126.96.36.199.1 France Glutaraldehyde Market by Product
188.8.131.52.2 France Glutaraldehyde Market by Application
184.108.40.206.3 France Glutaraldehyde Market by End-user
220.127.116.11.1 UK Glutaraldehyde Market by Product
18.104.22.168.2 UK Glutaraldehyde Market by Application
22.214.171.124.3 UK Glutaraldehyde Market by End-user
126.96.36.199.1 Italy Glutaraldehyde Market by Product
188.8.131.52.2 Italy Glutaraldehyde Market by Application
184.108.40.206.3 Italy Glutaraldehyde Market by End-user
220.127.116.11.1 Spain Glutaraldehyde Market by Product
18.104.22.168.2 Spain Glutaraldehyde Market by Application
22.214.171.124.3 Spain Glutaraldehyde Market by End-user
126.96.36.199.1 Netherlands Glutaraldehyde Market by Product
188.8.131.52.2 Netherlands Glutaraldehyde Market by Application
184.108.40.206.3 Netherlands Glutaraldehyde Market by End-user
220.127.116.11.1 Switzerland Glutaraldehyde Market by Product
18.104.22.168.2 Switzerland Glutaraldehyde Market by End-user
22.214.171.124.3 Switzerland Glutaraldehyde Market by Application
126.96.36.199.2 Austria Glutaraldehyde Market by Product
188.8.131.52.3 Austria Glutaraldehyde Market by Application
184.108.40.206.4 Austria Glutaraldehyde Market by End-user
220.127.116.11 Rest of Western Europe
18.104.22.168.1 Rest of Western Europe Glutaraldehyde Market by Product
22.214.171.124.2 Rest of Western Europe Glutaraldehyde Market by Application
126.96.36.199.3 Rest of Western Europe Glutaraldehyde Market by End-user
11.4.1 Asia-Pacific Glutaraldehyde Market by Country
11.4.2 Asia-Pacific Glutaraldehyde Market by Product
11.4.3 Asia-Pacific Glutaraldehyde Market by Application
11.4.4 Asia-Pacific Glutaraldehyde Market by End-user
188.8.131.52 China Glutaraldehyde Market by Product
184.108.40.206 China Glutaraldehyde Market by Application
220.127.116.11 China Glutaraldehyde Market by End-user
18.104.22.168 India Glutaraldehyde Market by Product
22.214.171.124 India Glutaraldehyde Market by Application
126.96.36.199 India Glutaraldehyde Market by End-user
188.8.131.52 Japan Glutaraldehyde Market by Product
184.108.40.206 Japan Glutaraldehyde Market by Application
220.127.116.11 Japan Glutaraldehyde Market by End-user
11.4.8 South Korea
18.104.22.168 South Korea Glutaraldehyde Market by Product
22.214.171.124 South Korea Glutaraldehyde Market by Application
126.96.36.199 South Korea Glutaraldehyde Market by End-user
188.8.131.52 Vietnam Glutaraldehyde Market by Product
184.108.40.206 Vietnam Glutaraldehyde Market by Application
220.127.116.11 Vietnam Glutaraldehyde Market by End-user
18.104.22.168 Singapore Glutaraldehyde Market by Product
22.214.171.124 Singapore Glutaraldehyde Market by Application
126.96.36.199 Singapore Glutaraldehyde Market by End-user
188.8.131.52 Australia Glutaraldehyde Market by Product
184.108.40.206 Australia Glutaraldehyde Market by Application
220.127.116.11 Australia Glutaraldehyde Market by End-user
11.4.12 Rest of Asia-Pacific
18.104.22.168 Rest of Asia-Pacific Glutaraldehyde Market by Product
22.214.171.124 Rest of Asia-Pacific Glutaraldehyde Market by Application
126.96.36.199 Rest of Asia-Pacific Glutaraldehyde Market by End-user
11.5 Middle East & Africa
11.5.1 Middle East
188.8.131.52 Middle East Glutaraldehyde Market by country
184.108.40.206 Middle East Glutaraldehyde Market by Product
220.127.116.11 Middle East Glutaraldehyde Market by Application
18.104.22.168 Middle East Glutaraldehyde Market by End-user
22.214.171.124.1 UAE Glutaraldehyde Market by Product
126.96.36.199.2 UAE Glutaraldehyde Market by Application
188.8.131.52.3 UAE Glutaraldehyde Market by End-user
184.108.40.206.1 Egypt Glutaraldehyde Market by Product
220.127.116.11.2 Egypt Glutaraldehyde Market by Application
18.104.22.168.3 Egypt Glutaraldehyde Market by End-user
22.214.171.124 Saudi Arabia
126.96.36.199.1 Saudi Arabia Glutaraldehyde Market by Product
188.8.131.52.2 Saudi Arabia Glutaraldehyde Market by Application
184.108.40.206.3 Saudi Arabia Glutaraldehyde Market by End-user
220.127.116.11.1 Qatar Glutaraldehyde Market by Product
18.104.22.168.2 Qatar Glutaraldehyde Market by Application
22.214.171.124.3 Qatar Glutaraldehyde Market by End-user
126.96.36.199 Rest of Middle East
188.8.131.52.1 Rest of Middle East Glutaraldehyde Market by Product
184.108.40.206.2 Rest of Middle East Glutaraldehyde Market by Application
220.127.116.11.3 Rest of Middle East Glutaraldehyde Market by End-user
18.104.22.168 Africa Glutaraldehyde Market by Country
22.214.171.124 Africa Glutaraldehyde Market by Product
126.96.36.199 Africa Glutaraldehyde Market by Application
188.8.131.52 Africa Glutaraldehyde Market by End-user
184.108.40.206.1 Nigeria Glutaraldehyde Market by Product
220.127.116.11.2 Nigeria Glutaraldehyde Market by Application
18.104.22.168.3 Nigeria Glutaraldehyde Market by End-user
22.214.171.124 South Africa
126.96.36.199.1 South Africa Glutaraldehyde Market by Product
188.8.131.52.2 South Africa Glutaraldehyde Market by Application
184.108.40.206.3 South Africa Glutaraldehyde Market by End-user
220.127.116.11 Rest of Africa
18.104.22.168.1 Rest of Africa Glutaraldehyde Market by Product
22.214.171.124.2 Rest of Africa Glutaraldehyde Market by Application
126.96.36.199.3 Rest of Africa Glutaraldehyde Market by End-user
11.6 Latin America
11.6.1 Latin America Glutaraldehyde Market by Country
11.6.2 Latin America Glutaraldehyde Market by Product
11.6.3 Latin America Glutaraldehyde Market by Application
11.6.4 Latin America Glutaraldehyde Market by End-user
188.8.131.52 Brazil Glutaraldehyde Market by Product
184.108.40.206 Brazil Glutaraldehyde Market by Application
220.127.116.11 Brazil Glutaraldehyde Market by End-user
18.104.22.168 Argentina Glutaraldehyde Market by Product
22.214.171.124 Argentina Glutaraldehyde Market by Application
126.96.36.199 Argentina Glutaraldehyde Market by End-user
188.8.131.52 Colombia Glutaraldehyde Market by Product
184.108.40.206 Colombia Glutaraldehyde Market by Application
220.127.116.11 Colombia Glutaraldehyde Market by End-user
11.6.8 Rest of Latin America
18.104.22.168 Rest of Latin America Glutaraldehyde Market by Product
22.214.171.124 Rest of Latin America Glutaraldehyde Market by Application
126.96.36.199 Rest of Latin America Glutaraldehyde Market by End-user
12. Company profile
12.1.1 Company Overview
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 UPI Chem
12.2.1 Company Overview
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 TIMAC AGRO International
12.3.1 Company Overview
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4.1 Company Overview
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Finoric LLC
12.5.1 Company Overview
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Whiteley Corporation
12.6.1 Company Overview
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Neogen Corporation
12.7.1 Company Overview
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Grassland Agro
12.8.1 Company Overview
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Surfachem Group Ltd
12.9.1 Company Overview
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Tianxin Chemical Enterprise
12.10.1 Company Overview
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
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