Argentina Glutaraldehyde Market Size & Outlook, 2023-2030
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Argentina glutaraldehyde market highlights
- The Argentina glutaraldehyde market generated a revenue of USD 10.0 million in 2023 and is expected to reach USD 12.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.8% 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 10.0 million |
| Market revenue in 2030 | USD 12.9 million |
| Growth rate | 3.8% (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, Argentina accounted for 1.4% 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 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% in 2023. Horizon Databook has segmented the Argentina glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is the third-largest economy in Latin America accounting for a GDP of 632.2 billion in 2022 as per International Trade Administration (ITA). The healthcare expenditure of Argentina in 2022 was almost 9–10% of its GDP which is the highest in the region.
Argentina's medical equipment market is import-dominated and as per the International Trade Administration, the imports have grown consistently post-COVID outbreak. Thus, with increasing import of medical devices, the requirement for cold surface sterilization has also increased, which is expected to further fuel the demand for glutaraldehyde in Argentina.
Moreover, as per ITA, Argentina possesses the world’s fourth-largest shale oil and the second-largest shale gas reserve. The total production of unconventional oil and gas has increased by 11–21% year on year. This is further expected to increase the demand for glutaraldehyde as a biocide in order to control microbial activity.
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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 |
Argentina glutaraldehyde market size, by type, 2018-2030 (US$M)
Argentina Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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