Brazil Glutaraldehyde Market Size & Outlook, 2023-2030
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Brazil glutaraldehyde market highlights
- The Brazil glutaraldehyde market generated a revenue of USD 27.5 million in 2023 and is expected to reach USD 36.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.1% 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.
Glutaraldehyde market data book summary
| Market revenue in 2023 | USD 27.5 million |
| Market revenue in 2030 | USD 36.5 million |
| Growth rate | 4.1% (CAGR from 2024 to 2030) |
| Largest segment | Glutaraldehyde 50% |
| Fastest growing segment | Glutaraldehyde 50% |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glutaraldehyde 25%, Glutaraldehyde 50%, Other |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.9% of the global glutaraldehyde market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil glutaraldehyde market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 36.5 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 49.09% in 2023. Horizon Databook has segmented the Brazil glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest oil-producing country in South America owing to the largest recoverable ultra-deep oil reserves. Brazil's oil and gas market accounted for 10% of the country’s GDP in 2021, as per the International Trade Administration (ITA).
The ITA also estimates that the country will be responsible for the production of 50% of the world’s offshore oil by 2040. Thus, with the developing oil and gas industry in the country the demand for glutaraldehyde is expected to increase.
Glutaraldehyde is used in the oil and gas industry as a biocide to control microbial growth in oilfield operations. Furthermore, it helps to prevent the formation of biofilm which can lead to corrosion and other issues in pipelines and equipment. Thus, with increasing oil reserves in Brazil, the demand for glutaraldehyde is expected to increase in the coming years.
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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 |
Brazil glutaraldehyde market size, by type, 2018-2030 (US$M)
Brazil Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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