Canada Glutaraldehyde Market Size & Outlook, 2023-2030
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Canada glutaraldehyde market highlights
- The Canada glutaraldehyde market generated a revenue of USD 30.4 million in 2023 and is expected to reach USD 41.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% 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 30.4 million |
| Market revenue in 2030 | USD 41.6 million |
| Growth rate | 4.6% (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, Canada accounted for 4.4% 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 North America, U.S. glutaraldehyde market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 163.2 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 50% in 2023. Horizon Databook has segmented the Canada glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is another country in North America that is anticipated to witness growth in glutaraldehyde demand over the forecast period. The flourishing chemicals industry in the country is anticipated to drive the demand for glutaraldehyde as it is used as a chemical intermediate in the synthesis of different compounds and materials.
One of the applications of glutaraldehyde in the chemicals industry is as a crosslinking agent. Glutaraldehyde can react with proteins, polymers, and other molecules to form stable crosslinks. This property makes it valuable in the production of adhesives, resins, and coatings.
Glutaraldehyde-based crosslinked materials exhibit improved mechanical strength, chemical resistance, and stability, making them suitable for various industrial applications. According to the Chemistry Industry Association of Canada, in 2022, noteworthy investments took place in Alberta and Ontario, contributing to the industrial chemical manufacturing capacity of the country.
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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 |
Canada glutaraldehyde market size, by type, 2018-2030 (US$M)
Canada Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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