Glutaraldehyde Market Driven by High Demand from Healthcare Sector
The glutaraldehyde market is estimated to witness high growth owing to rising demand from healthcare sector. Glutaraldehyde is widely used as a disinfectant and sterilizing agent in hospitals and medical institutions. As an antimicrobial agent, it has broad-spectrum activity against bacteria, fungi, viruses and spores. Glutaraldehyde finds application as a high-level disinfectant for medical and dental devices and equipment. It provides fast-acting bactericidal, fungicidal and virucidal properties. Growing healthcare expenditure and increasing number of surgical procedures have augmented the consumption of glutaraldehyde globally.
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.
Glutaraldehyde is predominantly used as a sterilant or high-level disinfectant in the healthcare industry. For disinfection of medical equipment like endoscopes, glutaraldehyde offers high efficiency at low concentrations and shorter exposure times. Moreover, glutaraldehyde is also utilized in veterinary care, laboratories, food processing and industrial applications owing to its powerful antimicrobial properties.
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.
The key opportunities in the market include growing demand from end-use industries like healthcare, food processing, and aquaculture. Research & development of novel application areas will further augment the consumption of Glutaraldehyde Market Demand.
Increasing healthcare expenditure worldwide along with rising consumer awareness regarding hygiene and disinfection is driving the global expansion of glutaraldehyde market. Major market players are focusing on emerging economies in Asia Pacific and Latin America for business expansion.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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