Glutaraldehyde Market is Poised to Grow Owing to Increasing Application in Sterilization Processes
Glutaraldehyde Market |
The glutaraldehyde market is a multibillion-dollar industry primarily driven by factors such as rising demand for sterilization from the healthcare industry and increased use in industrial applications. Glutaraldehyde is an organic compound that has high antimicrobial activity and is commonly used as a disinfectant and sterilant for critical and semi-critical medical equipment. It has very broad spectrum germicidal property and sporicidal activity against bacteria, viruses, algae, and fungi. The growth of the healthcare sector along with increasing prevalence of hospital-acquired infections have augmented the demand for glutaraldehyde-based disinfectants and sterilants globally. Moreover, glutaraldehyde finds wide application as a biocide in various other industries including food processing and water treatment.
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 account for a significant share
of the market.
The Glutaraldehyde
Market Demand offers lucrative opportunities for players engaged in
developing novel application areas and eco-friendly alternatives. Increasing
healthcare expenditure in emerging economies is expected to boost the demand.
Rising demand for sterilized medical devices and equipment from ASCs and
specialty clinics also presents growth opportunities.
Key players are focusing on capacity expansion strategies and global expansion
to strengthen their market presence. Manufacturers are investing in developing
technically advanced and eco-friendly products to comply with stringent
regulations and cater to end-user demand.
Market Drivers
Increasing prevalence of hospital-acquired infections is a key factor driving
the glutaraldehyde market. According to the WHO, over 5% of patients admitted
to hospitals acquire infections during treatment. The demand for high-level disinfection
and sterilization from the healthcare sector is expected to remain high over
the forecast period supporting market revenue growth.
Market Restraints
Implementation of stringent regulations regarding glutaraldehyde use due to
potential health hazards may challenge market growth. Several countries and
regions have restricted the use of glutaraldehyde as a sterilant or high-level
disinfectant. Manufacturers are responding to regulatory pressures by
developing formaldehyde-free alternatives. However, approval and adoption of
new products may take substantial time restraining short-term revenue
opportunities.
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