June 17, 2024
Glutaraldehyde Market

The Glutaraldehyde Market is Experiencing Strong Growth Due to Increasing Application across Industries

The Glutaraldehyde market is a high potential segment comprising products used as disinfectants and sterilization agents across various industries. Glutaraldehyde finds major applications as a high-level disinfectant and sterilant for heat-sensitive medical and dental devices. It has a broad-spectrum antimicrobial activity and is effective against bacteria, fungi, viruses, and mycobacteria. Glutaraldehyde offers benefits such as faster completion of high-level disinfection and sterilization processes compared to other alternatives available in the market. Its demand is growing significantly across industries such as healthcare, food and beverages, laboratories and industrial.

The Global Glutaraldehyde Market is estimated to be valued at US$ 698.4 MN in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Glutaraldehyde market are Universal Preserv-A-Chem Inc. (UPICHEM),Grassland Agro, Advanced Sterilization Products (Cilag GmbH International), Whiteley Corporation, Sisco Research Laboratories Pvt. Ltd., Lenntech B.V., The Dow Chemical Company, Hubei Jinghong Chemical Co., Ltd., and Evans Vanodine International PLC. These players are focusing on adopting strategies such as expansions, partnerships, and new product launches to expand their market presence.

The Glutaraldehyde Market Demand is increasing rapidly owing to growing application across industries such as food processing, healthcare, and laboratories. The compound’s antimicrobial effectiveness, non-toxic nature, and low cost are driving its demand for disinfection and sterilization applications.

The glutaraldehyde market is witnessing strong growth in regions such as Asia Pacific and North America. Increasing food production and healthcare infrastructure development are driving sales across countries like India, China, US, and Canada. Key market players are investing to augment production capacities and exploring opportunities in emerging economies.

Market Key Trends

One of the key trends witnessed in the glutaraldehyde market is its increasing preference over alternative disinfection and sterilization agents. Glutaraldehyde outperforms aldehydes like formaldehyde and provides benefits such as faster effectiveness, low residue deposition on medical devices, and no requirement of rinsing post treatment. Its growing adoption in healthcare facilities, food processing plants, and other industries is expected to propel demand over the forecast period.

Porter’s Analysis
Threat of new entrants: Entry in glutaraldehyde market is moderate as new producers need to make significant capital investments in glutaraldehyde manufacturing plants.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of raw materials from various sources.

Threat of new substitutes: Substitutes like formaldehyde present low threat due to stringent regulations regarding their use.

Competitive rivalry: Market is moderately competitive due to presence of large number of glutaraldehyde producers.

Geographically, North America accounts for the largest share in glutaraldehyde market in terms of value owing to stringent healthcare regulations which necessitate the use of glutaraldehyde as sterilant/disinfectant. The Asia Pacific region is expected to exhibit the fastest growth during the forecast period. Countries like China and India have witnessed rapid industrialization and infrastructure development which is driving the demand for glutaraldehyde as disinfectant and biocide.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it