In the first quarter of 2023, the glutaraldehyde market encountered supply-demand imbalances, as reflected in the glutaraldehyde price index, driven by robust supply chains and weak overseas demand, particularly in Asia. Economic challenges and reduced international inquiries adversely affected prices. In the second quarter, increased demand, limited supplies, and declining inventories were observed, yet the market was overshadowed by rising inflation and an economic slowdown, posing challenges for the glutaraldehyde price index.
Europe witnessed price declines in both quarters, driven by factors such as inflation, weak economic conditions due to the Russia-Ukraine crisis, and reduced raw material costs, all impacting the glutaraldehyde price index. North America faced challenges such as bank failures, soaring inflation, and decreased consumer spending. While brief boosts from sectors like healthcare and water treatment were noted, overall demand decline influenced the glutaraldehyde price index trend.
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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 chart, 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 plays several crucial roles in various industries. It serves primarily as a potent disinfectant and sterilizing agent in healthcare settings, ensuring the thorough sanitization of medical equipment such as endoscopes and surgical instruments. In the oil and gas industry, glutaraldehyde functions as a biocide, controlling microbial growth in drilling fluids and pipelines. Water treatment also benefits from its use in combatting biofouling in industrial water systems. Furthermore, in leather tanning, glutaraldehyde is utilized to improve 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 underscores the importance of 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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