South Korea Glutaraldehyde Market Size & Outlook
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South Korea glutaraldehyde market highlights
- The South Korea glutaraldehyde market generated a revenue of USD 10.0 million in 2023 and is expected to reach USD 14.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.1% 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 14.2 million |
| Growth rate | 5.1% (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, South Korea 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 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 44% in 2023. Horizon Databook has segmented the South Korea glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Korean National Healthcare-associated Infections Surveillance System, the country witnesses the prevalence of ventilator-associated infections, urinary catheter-associated infections, etc. that account for the highest number of cases in South Korea.
It has further led to the surged adoption of disinfectants in healthcare settings in the country. This fuels the demand for glutaraldehyde in South Korea owing to improving hygiene standards of healthcare facilities in the country.
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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 |
South Korea glutaraldehyde market size, by type, 2018-2030 (US$M)
South Korea Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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