H1 2023: Glutaraldehyde’s largest consumer was Europe in H1 2023. However, the prices of glutaraldehyde fell in the European region during the first half of 2023, supported by weak demand and declined upstream hydrogen peroxide prices. Furthermore, a slowdown in the economy and a surplus of supply rather than a shortage in the market also contributed to the price decline. Every industry in Europe was affected, particularly the healthcare industry, by the inflationary pressures and the conflict between Russia and Ukraine war. Because of the weak market outlook and the slow demand, the leading glutaraldehyde production companies reported experiencing significant losses. In addition, traders sold the product at a low cost due to the European market's excess inventory and the product's competitive pricing. The purchasing decisions made by consumers are directly impacted by the gloomy European economy. Germany's inflation decreased in May and June. In H1 2023, Asia witnessed mixed feelings of Glutaraldehyde market. In the first three months, market scenario remained bearish in the Asian nations. Although April 2023 saw a spike in prices in China as a result of rising demand and limited supply in the nation. While there was still a significant demand for downstream healthcare in the Chinese market, prices decreased due to low supplies. Additionally, the price trajectory was maintained by the high cost of upstream Propylene. During this time, the market was affected by both inflation and the decline in the economy. The bullish market trend continued to prevail till June in China.
The global Glutaraldehyde market stood at approximately 245 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.5% during the forecast period until 2032.
Glutaraldehyde is an oily, colorless liquid with a strong smell that is available as an aqueous solution for preservation and sterilization purposes. In addition to being effective against a variety of germs, glutaraldehyde is also biodegradable, formaldehyde-free, non-carcinogenic, non-bioaccumulative, and non-persistent. Moreover, glutaraldehyde is chosen over alternative disinfectants in a range of end-use sectors since it does not damage rubber, plastics, or corrode metals. The need for glutaraldehyde as a disinfectant is rising across a range of end-use sectors as a result of all these factors. Due to its properties, glutaraldehyde-based solutions are frequently used in medical facilities. These benefits include their exceptional biocidal qualities, ability to function in the presence of organic matter, and noncorrosive activity on rubber. In pipelines, biofilm-related problems are frequent, and biofilms constitute a significant problem in oil and gas production systems. Corrosion caused by microbes is often associated with the presence of a biofilm (MIC). Therefore, reducing biofilm formation is essential to reducing microorganism-caused corrosion. It has been demonstrated that glutaraldehyde can penetrate biofilms and destroy the microbes that reside there. Glutaraldehyde works well in pipelines to regulate biofilms that are already there and stop new ones from forming because of its penetration capacity and long-term stability in oilfield waters. In water treatment systems, glutaraldehyde is commonly dosed at active component concentrations ranging from 20 to 100 ppm. It can be administered in either slug or continuous form.
The primary element influencing glutaraldehyde's demand in the market is its extensive use in the medical and healthcare sectors. Glutaraldehyde has the potential to penetrate oilfield waters and maintain its stability over time, making it a useful chemical for managing biofilms that are already present in pipelines and halting the growth of new ones. Governments are also heavily funding pipeline projects which adds as an additional factor towards the market expansion. Also, the growing demand for glutaraldehyde for water treatment chemicals is another factor that supports market growth. The global Glutaraldehyde market is anticipated to touch roughly 380 thousand tonnes by 2032.
The demand for glutaraldehyde is highest in Europe, followed by North America and Asia Pacific. The use of glutaraldehyde as a disinfectant is the main reason behind its demand in Europe. Glutaraldehyde is used in the production of pharmaceuticals as a disinfectant, preservative, and sterilizer. However, it is anticipated that the Asia Pacific area, driven by China and India, will most likely rise in the coming years. Due to the region's dense population, rising income levels, and greater spending on healthcare facilities, countries like China and India are likely to experience rapid growth in the medical and healthcare sector.
Based on the end-user industry, the global Glutaraldehyde market is divided into Healthcare, Cleaning Agent, Water Treatment, Personal Care & Cosmetics, and Others. Among these, Healthcare is the major segment and held about 30% of the global Glutaraldehyde market in 2022. Most frequently, glutaraldehyde is used as a high-level disinfectant for medical equipment, including hemodialysis proportioning, anesthesia therapy equipment, surgical instruments, transducers, endoscopes, dialyzers, and disposable plastic trocars used in laparoscopic procedures. Moreover, glutaraldehyde is employed in the medical and healthcare industry as a graft preparation solution, a tissue fixative in pathology labs, and a hardening agent for X-ray development. Furthermore, Cleaning Agent sector also holds significant market share.
Major players in the Global Glutaraldehyde market are Universal Preserv-A-Chem Inc. (UPICHEM), Grassland Agro, Advanced Sterilization Products (Cilag GmbH International), Whiteley Corporation, Lenntech B.V., The Dow Chemical Company, Hubei Jinghong Chemical Co., Ltd., Evans Vanodine International PLC, Finoric LLC, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Glutaraldehyde which covers production, demand and supply of Glutaraldehyde market in the globe.
• To analyse and forecast the market size of Glutaraldehyde
• To classify and forecast Global Glutaraldehyde market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Glutaraldehyde market in the globe.
To extract data for Global Glutaraldehyde market, primary research surveys were conducted with Glutaraldehyde manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Glutaraldehyde market over the coming years.
ChemAnalyst calculated Glutaraldehyde demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Glutaraldehyde. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Glutaraldehyde manufacturers and other stakeholders
• Organizations, forums and alliances related to Glutaraldehyde distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glutaraldehyde manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Glutaraldehyde market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
345 thousand tonnes
Market size Volume in 2032
380 thousand tonnes
Growth Rate
CAGR of 4.5% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Healthcare, Cleaning Agent, Water Treatment, Personal Care & Cosmetics, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Glutaraldehyde in terms of volume in 2022?
Ans:
The global market size of Glutaraldehyde had reached approximately 245 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Glutaraldehyde?
Ans:
Europe is the leading consumer of Glutaraldehyde globally.
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