Global Glutaraldehyde Market growing at a CAGR of 4.4% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Sep 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the glutaraldehyde market is predicted to grow at a compound annual growth rate of 4.4% from 2023 to 2031 and is expected to reach USD 797.68 million in 2031 and 566.58 million in 2023 which was valued at USD 547.22 million in 2022.
The report highlights the significant growth in the healthcare industry in emerging economies across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the glutaraldehyde market.
Global Glutaraldehyde Market By Overview
The glutaraldehyde market is bifurcated into the type, application, and end-user industry. Based on type, the market is segmented into glutaraldehyde 2%, glutaraldehyde 25%, glutaraldehyde 50%, and others. In 2022, the glutaraldehyde 50% segment dominate in the overall glutaraldehyde market. The application segment is categorized into sterilization, disinfection, tanning, preservatives, biocides, and others. In 2022, the disinfection segment accounted for the highest market share in the glutaraldehyde market. Based on the end-user industry, the market is segmented into healthcare and life sciences, water and wastewater treatment, textile & leather, cosmetics & personal care, research and development, oil & gas, agriculture, and others. In 2022, the healthcare & life sciences segment dominate in the overall glutaraldehyde market.
Get Free SampleMarket Dynamics
Driver:
- Significant growth in the healthcare industry in emerging economies emerging
- Increasing demand for preservatives and biocides
Restraints:
- Toxic and Hazardous nature of glutaraldehyde
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Glutaraldehyde 2%, Glutaraldehyde 25%, Glutaraldehyde 50%, and Others |
| By Application | Sterilization, Disinfection, Tanning, Preservatives, Biocides, and Others |
| By End-user Industry | Healthcare and Life Sciences, Water and Wastewater Treatment, Textile & Leather, Cosmetics & Personal Care, Research and Development, Oil & Gas, Agriculture, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as LANXESS, TIMAC, AGRI International, and BASF SE, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the glutaraldehyde market is expected to witness substantial growth in the coming years due to the high demand for glutaraldehyde from various end-user industries in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- LANXESS
- TIMAC
- Neogen Corporation
- AGRI International
- Finoric LLC
- Surfachem Group Ltd.
- Dow Chemicals
- Union Carbide
- BASF SE
- Electron Microscopy Sciences
