According to a new report, published by KBV research, The Global Glutaraldehyde Market size is expected to reach $923 million by 2030, rising at a market growth of 4.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 257.70 Kilo Tonnes experiencing a growth of 3.6% (2019-2022).
The Glutaraldehyde 50% segment is generating the highest revenue in the Global Glutaraldehyde Market by Product in 2022; thereby, achieving a market value of $428.2 million by 2030. The product is effective against various microorganisms and is used in various applications, including sterilization of healthcare equipment, leather fixatives, and chemical intermediates. It is the most commonly used cross-linking agent in processes requiring enhanced material strength and durability. Many companies produce 50% glutaraldehyde for various applications such as medical device disinfection and biocide in the oil field. The microbial solution containing 50% C5H8O2 removes bacteria for increasing operational efficiency in EOR (enhanced oil recovery) and water flooding applications.
The Leather Tanning segment is experiencing a CAGR of 5% during (2023 - 2030). Glutaraldehyde is employed in the leather tanning process to fix dyes and tanning agents to the collagen fibers of the hides or skins. Collagen, the primary structural protein in leather, must be stabilized to prevent deterioration and ensure the leather's longevity. Glutaraldehyde acts as a cross-linking agent, forming stable covalent bonds between collagen molecules, effectively fixing dyes and tanning agents, and using glutaraldehyde in leather tanning results in leather that exhibits enhanced water resistance. The cross-linking of collagen fibers makes the leather less permeable to water, reducing the risk of damage caused by exposure to moisture. This property is particularly beneficial for leather products for outdoor use or humid environments.
The Europe region dominated the Global Glutaraldehyde Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $388.4 million by 2030. The North America market is anticipated to grow a CAGR of 4.3% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 5.4% during (2023 - 2030).
Full Report:https://www.kbvresearch.com/glutaraldehyde-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Acuro Organics Limited, BASF SE, Lanxess AG, Neogen Corporation, Becta Laboratories, Fengchen Group Co., Ltd. (Qingdao Fengchen Technology and Trade Co., Ltd.), Hebei Guanlang Biotechnology Co., Ltd., Advanced Sterilization Products (ASP) (Fortive Corporation), Shandong Lircon Medical Technology Co., Ltd., Whiteley Corporation.
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled