In the first quarter of 2023, the glutaraldehyde market faced supply-demand imbalances, driven by robust supply chains and weak overseas demand, particularly in Asia. Economic challenges and reduced international inquiries negatively impacted prices. The second quarter saw increased demand, limited supplies, and declining inventories but was marred by rising inflation and economic slowdown, posing challenges for glutaraldehyde prices.
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Europe experienced price declines in both quarters, influenced by inflation, weak economic conditions due to the Russia-Ukraine crisis, and reduced raw material costs. North America grappled with bank failures, soaring inflation, and decreased consumer spending. While healthcare and water treatment briefly boosted prices, overall demand declined, affecting glutaraldehyde's price trend.
Definition
Glutaraldehyde is a chemical compound with the formula C5H8O2. It is a colorless and oily liquid with a pungent odor, known for its excellent biocidal properties. Glutaraldehyde is widely used as a disinfectant and sterilizing agent in healthcare, laboratory, and industrial settings. Its properties include strong antimicrobial activity against bacteria, viruses, and fungi. It is also an effective fixative, preserving biological specimens for research. Glutaraldehyde cross-links proteins and is used in various applications such as water treatment, leather tanning, and oil drilling. However, it should be handled with care due to its toxic nature and potential for irritation.
Key Details About the Glutaraldehyde Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Glutaraldehyde in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Glutaraldehyde Price trends, including India Glutaraldehyde price, USA Glutaraldehyde price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Glutaraldehyde Price Trend:
Glutaraldehyde serves multiple vital industrial roles. It is primarily employed as a powerful disinfectant and sterilizing agent in healthcare settings, ensuring the sanitization of medical equipment, including endoscopes and surgical instruments. The oil and gas industry utilizes glutaraldehyde as a biocide to control microbial growth in drilling fluids and pipelines. It finds application in water treatment to combat biofouling in industrial water systems. Additionally, glutaraldehyde is used in leather tanning to enhance the quality and durability of hides and skin. In laboratory research, it acts as a fixative for preserving tissues for histological and electron microscopy studies. However, its toxicity necessitates careful handling and adherence to safety guidelines.
Key Players:
- UPICHEM
- Grassland Agro
- Whiteley Corporation
- Dow
- Finoric LLC
- Lenntech B.V.
- Hubei Jinghong Chemical Co.
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