China Glutaraldehyde Market Size & Outlook, 2023-2030
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China glutaraldehyde market highlights
- The China glutaraldehyde market generated a revenue of USD 63.7 million in 2023 and is expected to reach USD 93.8 million by 2030.
- The China market is expected to grow at a CAGR of 5.7% 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 63.7 million |
| Market revenue in 2030 | USD 93.8 million |
| Growth rate | 5.7% (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, China accounted for 9.1% 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 Asia Pacific, China glutaraldehyde market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 93.8 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 46.47% in 2023. Horizon Databook has segmented the China glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
China dominated glutaraldehyde market in Asia Pacific in 2022 owing to the rising demand for this chemical from the healthcare and water treatment industries. The government of the country is providing funding for research and development activities to encourage glutaraldehyde manufacturers to increase their production output.
These measures fuel the requirement for an uninterrupted supply of glutaraldehyde in the country as it witnesses large-scale demand for disinfectants from various sectors. China is a key player in the global textiles industry. The country has also emerged as the largest producer of leather in the world.
As per Leather International, in March 2022, leather exports from China were almost 20% more than the exports witnessed by it in 2021, thereby reflecting the strong presence of the country in the global leather market. Thus, the increasing leather production in China is further expected to drive the growth of the market for glutaraldehyde in the country as it is used in the leather tanning process.
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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 |
China glutaraldehyde market size, by type, 2018-2030 (US$M)
China Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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