India Glutaraldehyde Market Size & Outlook, 2023-2030
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India glutaraldehyde market highlights
- The India glutaraldehyde market generated a revenue of USD 22.0 million in 2023 and is expected to reach USD 32.0 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% 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.
Glutaraldehyde market data book summary
| Market revenue in 2023 | USD 22.0 million |
| Market revenue in 2030 | USD 32.0 million |
| Growth rate | 5.5% (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, India accounted for 3.2% 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 48.64% in 2023. Horizon Databook has segmented the India glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
India is a potential market for glutaraldehyde owing to the rapid growth of the healthcare industry in the country. In particular, hospitals in India hold a prominent position, constituting 80% of the total healthcare industry in the country. They attract substantial investments from both, domestic and global investors. Hospitals in India are projected to reach a valuation of USD 132 billion by the end of 2023.
As per the India Brand Equity Foundation (IBEF), the healthcare industry was one of the largest in the country in 2022 in terms of revenue. The growth of this industry in India can be attributed to increasing public healthcare expenditure. As per IBEF, the public healthcare expenditure in India is estimated to account for a share of 2.1% of the GDP of the country in 2023 as per the economic survey of 2022– 2023.
Hence, to cater to the increasing demand form the healthcare industry, the number of hospitals and healthcare facilities in India is expected to surge in the coming years. This is anticipated to further fuel the demand for healthcare equipment and cold sterilants such as glutaraldehyde in the country during the forecast period.
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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 |
India glutaraldehyde market size, by type, 2018-2030 (US$M)
India Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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