UK Glutaraldehyde Market Size & Outlook, 2023-2030
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UK glutaraldehyde market highlights
- The UK glutaraldehyde market generated a revenue of USD 48.5 million in 2023 and is expected to reach USD 67.5 million by 2030.
- The UK market is expected to grow at a CAGR of 4.8% 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 48.5 million |
| Market revenue in 2030 | USD 67.5 million |
| Growth rate | 4.8% (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, UK accounted for 6.9% 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 Europe, France glutaraldehyde market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 109.9 million by 2030.
Glutaraldehyde 50% was the largest segment with a revenue share of 47.84% in 2023. Horizon Databook has segmented the UK glutaraldehyde market based on glutaraldehyde 25%, glutaraldehyde 50%, other covering the revenue growth of each sub-segment from 2018 to 2030.
The flourishing leather industry in the UK is one of the drivers for the growth of glutaraldehyde market in the country. Glutaraldehyde is used in this industry, particularly in the tanning process. It is used as an alternative method to chrome tanning and is commonly employed as a pre-tanning agent. Leather tanned with glutaraldehyde exhibits good resistance in tests involving moist heat and perspiration.
Despite declines in the values and volumes of raw materials and part-processed leather, the overall leather export performance of the country remained strong. On the other hand, imports followed a similar pattern in the UK, with a year-on-year increase of 17.69% amounting to USD 156.3 million.
Surpassing the pre COVID-19 levels recorded in 2019, that is, USD 137.6 million. Thus, the flourishing leather industry in the UK is anticipated to drive the demand for glutaraldehyde used for leather tanning in the country over 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 |
UK glutaraldehyde market size, by type, 2018-2030 (US$M)
UK Glutaraldehyde Market Outlook Share, 2023 & 2030 (US$M)
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