Glutaraldehyde is a colorless and oily liquid with a pungent odor and is commonly used in the healthcare industry for disinfection and sterilization of medical equipment and instruments. The glutaraldehyde market has seen significant growth in recent years due to its wide range of applications in various industries such as healthcare, oil and gas, and agriculture.
The healthcare industry is the largest consumer of this product due to its strong disinfecting properties. It is commonly used to sterilize medical equipment and instruments, such as endoscopes and surgical instruments. It is also used in the oil and gas sector as a biocide to control bacterial growth in pipelines, drilling fluids, and water treatment systems. The increasing demand for medical devices & equipment and oil & gas is expected to drive the demand for this market.
Moreover, manufacturers use it as a disinfectant in the agriculture sector to control the spread of diseases in animals and plants. For instance, Nufarm Canada, a global agricultural chemical company produces a range of disinfectants and sanitizers for use in animal housing, equipment, and water systems, including a product called "Biosentry 904", which contains glutaraldehyde as its active ingredient.
The glutaraldehyde market is broadly segmented into product, application, and end-user industries. The product segment is further categorized into 25% and 50%. The application segment is further classified as water treatment, disinfectant, tanning, animal husbandry, electron & light microscopy. The end-user industry is further subdivided into health care, cosmetics, agriculture, oil & gas, R&D labs, and others.
Some of the key players operating in this market are Tianxin Chemical Enterprise, LANXESS, TIMAC AGRO International, Finoric LLC, Neogen Corporation, Surfachem Group Ltd, and others. For instance, in July 2022, LANXESS acquired International Flavors & Fragrances Inc’s microbial division, producer of glutaraldehyde. With this acquisition the company is expected to become the largest supplier of microbial products worldwide.
North America and Europe are the largest markets for glutaraldehyde due to the high demand from the healthcare industry. The Asia Pacific region is expected to witness significant growth in the market due to the growing demand from the healthcare, agriculture, and water treatment industries.
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