Europe Glutaraldehyde Market Size & Outlook, 2023-2030
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Europe glutaraldehyde market highlights
- The Europe glutaraldehyde market generated a revenue of USD 315.8 million in 2023.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 315.8 million |
| Market revenue in 2030 | USD 445.5 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Glutaraldehyde 50% |
| Fastest growing segment | Glutaraldehyde 50% |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glutaraldehyde 25%, Glutaraldehyde 50%, Other |
Other key industry trends
- In terms of revenue, Europe region accounted for 45.2% of the global glutaraldehyde market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 196.2 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 47.12% in 2023. Horizon Databook has segmented the Europe glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
The flourishing healthcare industry in Germany, France, the UK, and Spain is anticipated to drive the demand for glutaraldehyde in Europe in the coming years. As per the European Federation of Pharmaceutical Industries and Associations, the region accounted for a share of 23.4% of global pharmaceutical sales in the same year.
Moreover, the growth of the agricultural industry in the region, coupled with ongoing advancements in farming practices and a rising emphasis on healthy eating, has emerged as a key driver for the increased demand for agrochemicals, specifically pesticides, in Europe.
The growth of the market is primarily fueled by the increasing requirement of the region to enhance crop yields and improve productivity which is driven by a surging population and shrinking farmlands. Notably, Germany, France, the UK, and Italy have played significant roles in driving the expansion of the market in the region.
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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 |
Europe glutaraldehyde market size, by country, 2018-2030 (US$M)
Europe Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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