Glutaraldehyde Price Trends and Forecast

Regional Price Overview

Get the latest insights on price movement and trends analysis of Glutaraldehyde in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Glutaraldehyde Price Trends for the July-September of 2023

Asia

In Asia, glutaraldehyde price trends kept recording degrading numbers throughout the given quarter of the year 2023. Since the disinfectant business really took off during the peak pandemic times, suppliers were confident with the consistent demands. So, the bulk supplies exhausted the inventory spaces. However, as the world, especially China, slowly came out of the most difficult pandemic phase, the glutaraldehyde demands fell in a persistent manner.

Other than this the toxicity and physical cautions associated with working with glutaraldehyde also made consumer industries levitate towards other alternatives. The feedstock materials acrolein and methyl vinyl ether were also not able to provide any substantial cost support. Overall, the glutaraldehyde price curve kept on tilting downwards throughout the said period.

Europe

In the European chemical industry, the glutaraldehyde market faced persistent hurdles as the demands spectrum didn’t rise during the entire period of discussion. Lackluster offtakes put immense pressure on suppliers since the inventories were also overflowing. There were various reasons causing this glutaraldehyde market downturn in Europe.

First, the European chemical industry relies a lot on cheap Asian exports, and other than this, the long-stretched period of mounting inflation owing to the Russian war shook the industrial operational foundation as many plants went into supply cutdowns to prevent further losses. Overall, dull market sentiments were observed.

North America

The US domestic market mimicked the global trends for glutaraldehyde prices. The market, too, saw a regular dip in the price graph as feeble demands and lowered upstream cost pressure kept the glutaraldehyde bearish here as well.

Analyst Insight

According to Procurement Resource, the Glutaraldehyde price trends are not likely to pick up anytime soon since the demand outlook continues to be disappointing.

Glutaraldehyde Price Trends for First Half of 2023

Asia

The first quarter of 2023 presented several challenges for the glutaraldehyde market as the gap between supply and demand widened with strong supply chains and weak demand dynamics.

In addition to this, the plunging economy and reduction in the number of inquiries from overseas industries resulted in the poor performance of the glutaraldehyde price trends. However, the second quarter was backed by high demand, short supplies, and depleting levels of inventories, but the rising levels of inflation and slowing down of the economy proved to be a challenge for the glutaraldehyde price trends.

Europe

The high pressure of inflation and weak economic conditions due to the ongoing Russia-Ukraine crises resulted in the decline in the prices of glutaraldehyde in the first quarter of 2023. In addition to this, low demand and the fall in the cost of raw materials also proved to be a challenge for the glutaraldehyde price trends.

The fall in the price trends of glutaraldehyde was much more significant in the second quarter as the market conditions became much more unstable during this time. The consumers purchasing capacity declined, and due to this, the level of inventories surged, impacting the price trends of glutaraldehyde negatively.

North America

The North American region struggled with the failure of two major banks that caused the level of inflation to rise exponentially, and with the slowing of economic activities, the appetite of consumers also declined significantly. In the initial month of the second quarter, the price showed slight improvement with positive market activities in healthcare, water treatment, and other related industries. But soon, the procurement from domestic and international markets fell, and with that, the price trends of glutaraldehyde.

Analyst Insight

According to Procurement Resource, the price trends of Glutaraldehyde is expected to showcase a declining trajectory as the rates of procurement from the domestic and international markets are likely to remain in the negative zone.

Procurement Resource provides latest prices of Glutaraldehyde. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.