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GLUTARALDEHYDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Glutaraldehyde Market, By Product (Glutaraldehyde 25%, Glutaraldehyde 50%, Other Products), By Application (Health Care, Cleaning Agent, Water Treatment, Cosmetics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2024
  • Code : CMI6610
  • Pages :135
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

Regional Analysis

  • Europe dominated the glutaraldehyde marketing 2022. The flourishing healthcare industry in the U.K., France, Germany, and Spain is anticipated to drive the demand for glutaraldehyde in Europe in the coming years. As per the European Federation of Pharmaceutical Industries and Associations, the region accounted for a share of 23.4% of global pharmaceutical sales in the 2023, underscoring the significance of the pharmaceutical and healthcare industries in the region. Thus, the developing healthcare sector in the region is further expected to drive the demand for the products in the upcoming years.
  • However, countries, such as Spain, Bulgaria, and Romania, have also witnessed rapid growth in their agriculture industry, thereby leading to increased investments in this industry. It has resulted in the large-scale adoption of improved water preservation techniques. This trend of surging agricultural production amid limited farming land in the region further fuels the demand for agrochemicals, including pesticides, across Europe. Consequently, progressive developments in the agrochemicals industries in the region are expected to fuel the demand for glutaraldehyde in Europe throughout the forecast period.
  • North America has intimidated the global glutaraldehyde market for many years owing to well-established healthcare and pharmaceutical industries in the region. The U.S. accounts for the major share in the North American. Stringent regulations regarding sterilization and disinfection in healthcare and food processing sectors drive the demand for glutaraldehyde. Major players have established their production facilities in the region to cater to the vast local demand.
  • Asia Pacific has been the fastest growing regional market for glutaraldehyde. China plays a pivotal role in the growth of the APAC. Rapid industrialization and infrastructural growth have augmented the demand from various end-use industries like healthcare, food processing, and pulp & paper over the past few decades. China has emerged as a global manufacturing hub for medical devices and equipment. This has positively impacted the use of glutaraldehyde as a sterilant and disinfectant. Various policy initiatives by governments in the region to improve public health and hygiene standards are supporting the market expansion. Southeast Asian countries like India, Indonesia, and Vietnam are also contributing considerably to the market owing to a large consumer base and growing foreign investments in manufacturing sectors.
  • When it comes to imports and exports, North America and Europe are major importers of glutaraldehyde, whereas China and India dominate exports. This is due to well-established production facilities and competitive manufacturing costs in Asian countries. However, developing nations in the Middle East & Africa region are emerging as attractive import markets. This gives opportunities for exporters to tap new customers.  

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