Various factors affect the Glutaraldehyde Market's growth and components. Glutaraldehyde's widespread use as a biocide and sanitizer is a major factor. Clinical sanitizers, water treatment synthetic chemicals, and oil and gas production processes use it for its strong antibacterial qualities. Increasing emphasis on medical service cleanliness and the need for effective washing arrangements drive glutaraldehyde demand.
The 2022 glutaraldehyde market was worth USD 0.55 billion. The Glutaraldehyde business is expected to grow from USD 0.57 Billion in 2023 to USD 0.79 Billion in 2032, a CAGR of 4.10%.
Biocide in oilfield applications controls bacteria in digging liquids, pipelines, and water infusion frameworks. Microbial-actuated consumption must be avoided to maintain oil and gas hardware and foundation integrity. Glutaraldehyde's use as a biocide for microbial control is expected to increase as research and development expand globally.
Additionally, water treatment boosts glutaraldehyde sales. BIOCIDE is used in cooling water treatment to prevent microscopic organisms and green growth in modern cooling systems. The need for effective water treatment solutions to maintain cooling systems in power generation and manufacturing promotes glutaraldehyde demand. Its versatility in addressing microbiological issues makes glutaraldehyde essential in water treatment.
Applications in organic preservation also affect glutaraldehyde interest. Glutaraldehyde protects tissues and cells in medical procedures. This gadget is useful in histology and pathology research because it can cross-connect and settle organic designs. Medical care and life sciences advancement, together with research, boosts glutaraldehyde's use in protection.
Growing focus on natural manageability and administrative considerations also affects the industry. Businesses are considering eco-friendly choices as awareness of natural effects and health risks grows. Thus, glutaraldehyde alternatives and strict usage requirements have been developed. Biocidal producers are developing safer and cheaper biocidal solutions to meet administrative requirements and market demand for eco-friendly options.
The glutaraldehyde market is also shaped by current exercise geological circulation. More popular are areas with expanding medical care, modernization, and oil and gas research. Asia-Pacific is a growing glutaraldehyde market due to its fast-growing economies and medical services. As modern exercise and medical care advance, laid-out markets in North America and Europe continue to attract interest.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 0.57 Billion |
Growth Rate | 3.64% (2024-2032) |
Glutaraldehyde Market Size was valued at USD 0.57 Billion in 2023. The Glutaraldehyde industry is projected to grow from USD 0.59 Billion in 2024 to USD 0.79 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.64% during the forecast period (2024 - 2032). Growing healthcare industry and use of glutaraldehyde across healthcare for applications like waste water treatment are some of the vital market drivers expediting market’s expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for glutaraldehyde is being driven by rising applications. The healthcare sector frequently uses glutaraldehyde, an oily, colorless liquid with a strong odor, to clean and sterilize medical devices and equipment. Due to its extensive range of uses across various industries, including healthcare, oil & gas, and agriculture, the glutaraldehyde market has experienced tremendous expansion in recent years.
The greatest market for this product is the healthcare sector because of its potent disinfectant capabilities. Sterilizing medical tools and equipment, including endoscopes and surgical instruments, is a widespread practice. Additionally, it is employed as a biocide in the oil and gas industry to prevent the growth of bacteria in pipelines, drilling fluids, and water treatment systems. The demand for this industry is anticipated to be driven by the rising need for medical equipment and gadgets as well as for oil and gas.
Additionally, producers use it in agriculture as a disinfectant to stop the spread of diseases in animals and plants. A product called "Biosentry 904", which has glutaraldehyde as its active ingredient, is one of many disinfectants and sanitizers produced by Nufarm Canada, a multinational agricultural chemical firm, for use in animal housing, equipment, and water systems.
Biofilm-related issues are frequent in pipelines and shoot a severe threat to oil and gas production systems. Microbiologically influenced corrosion (MIC) is typically associated with the existence of a biofilm. Therefore, managing biofilms is essential for reducing corrosion events brought on by microorganisms. It has been shown that glutaraldehyde can pierce biofilms and eradicate the microorganisms that are embedded there.
Due to its penetrating properties and long-term stability in oilfield waters, glutaraldehyde is a chemical that is good at controlling existing biofilms in pipelines and preventing the development of new ones. Investing by governments in pipeline developments is also significant. For instance, the Indian government plans to spend US$61 billion through 2024 building natural gas infrastructure in India, including LNG facilities and gas pipelines. As a result, it is anticipated that growing pipeline projects will continue to drive the glutaraldehyde market in the future. Thus, driving the Glutaraldehyde market revenue.
The Glutaraldehyde market segmentation, based on application includes disinfectant, water treatment, tanning, animal husbandry, and electron & light microscopy. The market for glutaraldehyde was significantly dominated by the disinfection category. Saturated dialdehyde glutaraldehyde is widely used as a chemical sterilant and disinfectant in high quantities. The Centers for Disease Control and Prevention (CDC) state that a glutaraldehyde-based product has a high-level disinfection time of 5 minutes at 35°C. As a powerful disinfectant, glutaraldehyde has been used for a very long time. It's used as a fixative or preservative in various areas of a hospital as well as a disinfectant to destroy dangerous microorganisms on surgical instruments. Glutaraldehyde is also favored over other disinfectants in a variety of end-use sectors since it doesn't corrode metals and doesn't affect lenses, rubber, or plastics.
The Glutaraldehyde market segmentation, based on end users, includes healthcare, wastewater treatment, and research & development laboratories. The market for glutaraldehyde was dominated by the healthcare sector. Due to their excellent biocidal properties, ability to function in the presence of organic matter (20% bovine serum), and lack of corrosive activity on rubber, plastic, or rubber-based equipment, glucose-based solutions are frequently used in medical facilities. Medical devices like spirometry tubing, surgical instruments, transducers, endoscopes, dialyzers, dialysate delivery systems, hemodialysis proportioning, anesthesia therapy equipment, and laparoscopic disposable plastic trocars are frequently disinfected with glutaraldehyde.
Figure 1: Glutaraldehyde Market, by End User, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Glutaraldehyde market area will dominate this market. The primary factor driving glutaraldehyde demand in North America is its usage as a disinfectant. Pharmaceuticals are produced using glutaraldehyde as a sterilizing, preservative, and disinfectant.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: GLUTARALDEHYDE MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s Glutaraldehyde market accounts for the second-largest market share due to the rising research & development activities in a similar field which is driving the demand. Further, the German Glutaraldehyde market held the largest market share, and the UK Glutaraldehyde market was the fastest-growing market in the European region.
The Asia-Pacific Glutaraldehyde Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increasing healthcare capital expenditure. Moreover, China’s Glutaraldehyde market held the largest market share, and the Indian Glutaraldehyde market was the quickest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Glutaraldehyde market, grow even more. Market players have been undergoing a variety of strategic activities to expand their footprint, with important market developments including new product launches, contracts & agreements, mergers & acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Glutaraldehyde industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Glutaraldehyde industry to benefit clients and increase the market sector. In recent years, the Glutaraldehyde industry has offered some of the most significant advantages to medicine. Major players in the Glutaraldehyde market, including UPICHEM (US) Uniglad 50, Grassland Agro (Ireland)-Astican, Whiteley Corporation (New Zealand), Dow (US)-AQUCA BP 10, Finoric LLC (US), Lenntech B.V., Hubei Jinghong Chemical Co., and Finoric LLC (US)., and others, are attempting to increase market demand by investing in research and development operations.
The manufacturer of specialty chemicals is Lanxess AG (Lanxess). It creates, produces, and sells plastics, specialized chemicals, additives, and chemical intermediates. Agrochemicals, automotive, construction, aromas & flavors, pharmaceuticals, tire chemicals, electrical, electronics, leather processing, and water treatment are just a few industries where the company's products are used. It collaborates with universities and research centers to do R&D. Rhenogran, Aktiplast, Aflux, Vulcuren, Perkalink, and Rhenoshape are just a few of its well-known brands. An international network of production sites supports the company's operations. It is present in Latin America, North America, Europe, and the Asia-Pacific region. North Rhine-Westphalia, Germany's Cologne serves as the home base for Lanxess. In August 2021, International Flavours & Fragrances' microbial control division will be acquired by Lanxess for $1.3 billion. Lanxess will gain a producer of glutaraldehyde, a biocide used in preservative applications such as paints, home, and personal care products, and oil and gas drilling, as part of the deal, which was expected to be completed by mid-2022.
Neogen Corp. (Neogen) creates, produces, and sells a range of solutions for the safety of food and animals. The main items offered by the company are diagnostic test kits for the detection of foodborne pathogens, natural toxins, spoilage organisms, food allergens, pesticide residues, genetic modifications, meat speciation, drug residues, ruminant byproducts, animal safety, sanitation issues, related goods, as well as pharmaceuticals, veterinary products, rodenticides, disinfectants, vaccines, topicals, cleaners, and insecticides. For the safety of animals, the business also provides genetic testing services. Neogen distributes its products through national and worldwide distributors, major farm supply retail chains, and sales reps. Neogen and its affiliates are active globally. The US city of Lansing, Michigan, serves as the headquarters of Neogen. In November 2022, The reputable Synergize® disinfectant has been made available across Europe, the Middle East, and Africa, according to Neogen Corporation.
April 2023: The REACH Regulation 1907/2006's Annex XIV, which lists compounds requiring authorization, will now include eight additional substances, according to a recommendation made by the European Chemicals Agency (ECHA) to the European Commission. One of them is Glutaral, a preservative that can be used in cosmetics.
July 2021: Due to its potential to cause respiratory sensitization, glutaraldehyde was placed on the candidate list for Substances of Very High Concern (SVHC). As a result, sellers of goods with a glutaraldehyde concentration greater than 0.1% w/w are subject to particular requirements.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)