glutaraldehyde Market Report 2022–2030 UPICHEM (US), Lenntech B.V. (The Netherlands), Dow (US)
Market Overview
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.
Market Dynamics
Alkaline glutaraldehyde solutions are used in electron
microscopy, light microscopy, as a cross-linking agent for polyvinyl alcohol,
gelatins, and polyheptapeptides, and as a tissue fixative in pathology and
histology labs. The glutaraldehyde solution needed for these applications is
typically about 50% glutaraldehyde by weight in water.
Competitive Analysis
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. UPICHEM (US), Lenntech B.V. (The Netherlands), Dow (US),
and Finoric LLC (US) are some of the eminent players of the global
glutaraldehyde market.
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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.
Majority of medically invasive procedures require sterilization of the
equipment in order to avoid infection resulting from contaminated equipment.
Therefore, 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.
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.
Segmental Analysis
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.
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.
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Regional Analysis
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.
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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