Asia Pacific Glutaraldehyde Market Size & Outlook
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Asia Pacific glutaraldehyde market highlights
- The Asia Pacific glutaraldehyde market generated a revenue of USD 136.0 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, glutaraldehyde 50% was the largest revenue generating type in 2023.
- Glutaraldehyde 50% is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 136.0 million |
| Market revenue in 2030 | USD 196.2 million |
| Growth rate | 5.4% (CAGR from 2024 to 2030) |
| Largest segment | Glutaraldehyde 50% |
| Fastest growing segment | Glutaraldehyde 50% |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glutaraldehyde 25%, Glutaraldehyde 50%, Other |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.5% of the global glutaraldehyde market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 196.2 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 47.13% in 2023. Horizon Databook has segmented the Asia Pacific glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the fastest-growing markets for glutaraldehyde in the world. Countries such as China, India, Japan, and South Korea in the region are witnessing the surged demand for glutaraldehyde in healthcare facilities and various end-use industries.
It is widely used as a cold sterilant for the surface disinfection of heat-sensitive hospital equipment or medical devices. Apart from being used as a medical equipment disinfectant, this compound is also used in leather tanning and wastewater treatment plants.
These plants are expected to grow at a high rate in Asia Pacific owing to the flourishing healthcare industry, increasing leather manufacturing, and surging number of government initiatives for water and wastewater treatment in different countries of Asia Pacific.
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Glutaraldehyde Market Scope
Glutaraldehyde Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hebei Guanlang Biotechnology Co. | View profile | 51-100 | Shijiazhuang, Hebei, China, Asia | https://www.guanlang-group.com |
| Acuro Organics Limited | View profile | 51-100 | Noida, Uttar Pradesh, India, Asia | http://acuro.in/ |
| Lanxess AG | View profile | 12621 | Kennedyplatz 1, Cologne, Germany, 50569 | https://www.lanxess.com |
| Neogen Corp | View profile | 2640 | 620 Lesher Place, Lansing, MI, United States, 48912 | https://www.neogen.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Fortive Corp | View profile | 18000 | 6920 Seaway Boulevard, Everett, WA, United States, 98203 | https://www.fortive.com |
Asia Pacific glutaraldehyde market size, by country, 2018-2030 (US$M)
Asia Pacific Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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