Glutaraldehyde Price Trend and Forecast

Regional Price Overview

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

Glutaraldehyde Price Trend for the Q1 of 2024

Asia

The global glutaraldehyde market faced significant challenges characterized by a weakened purchasing environment and consistent downward price trends due to sluggish overseas demand and reduced bids from major manufacturing units, which were well reflected in the pricing patterns of the Asian glutaraldehyde price trend. This led to a decline in glutaraldehyde exports from significant production units and caused regional markets to trade sideways, resulting in losses.

Glutaraldehyde Price Chart

Glutaraldehyde Price Trends

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The limited demand across various sectors, including medical sterilization, laboratories, leather tanning, and oil and gas industries, also contributed to the subdued market conditions. Additionally, exports from China to European regions declined, further impacting market off-takes. The contraction in feedstock also narrowed profit margins and sales among the manufacturing sectors. These factors collectively contributed to the challenging dynamics of the market faced by the glutaraldehyde price trend, with demand remaining limited and prices experiencing a downward trajectory.

Europe

The European glutaraldehyde market encountered challenges marked by slow demand recovery, limited trading activities, and oversupplies, resulting in a downward price trend. The traders, by the end of the first quarter, were forced to offer discounts on bulk purchases offered by suppliers, reflecting the subdued market conditions. The frail demand and oversupplies persisted, compounded by sliding movements in formaldehyde prices, further dampened the market progression.

These factors collectively hindered market growth, prompting a wait-and-see approach among the consumer sector and raising their skepticism. However, a short phase of recovery was seen towards the end of Q1 of 2024, driven by the rise in restocking activities in anticipation of a rebound in the sales figures of glutaraldehyde in subsequent quarters with the ease in inflationary pressure. However, challenges in the glutaraldehyde supply chain, particularly influenced by the poor supply of formaldehyde, further elevated the production costs, leading to higher import prices for the European market.

North America

In North America, the glutaraldehyde market saw a decline in prices attributed to reduced consumption, heightened inventory levels, and economic uncertainties. Despite a slight improvement in the purchasing activities of the consumers and their spending budgets, manufacturing output decreased due to a slowdown in the service sector. Additionally, high freight charges and longer delivery times further dampened demand.

The manufacturers thus adopted a cautious approach, scaling back purchasing activities and utilizing existing inventories. International trading activities also decreased due to disruptions in ocean routes. Compounded by the economic uncertainties, manufacturers exercised caution in purchasing decisions, focusing on cost management and efficiency. However, there was a slight moment of relief for the market towards the conclusion of the quarter as the approach of the downstream industries started to favor the rise in the glutaraldehyde price trend.

Analyst Insight

According to Procurement Resource, the price trend of Glutaraldehyde is expected to be balanced in the forthcoming quarters as the rise in global production activities will be well balanced by the increasing interest of the downstream industries.

Glutaraldehyde Price Trend for the October - December of 2023

Asia

The Asian glutaraldehyde prices found it difficult to sustain their momentum towards the end of the fourth quarter as the region suffered from a lack of demand from the downstream industries. Among the end-user sector, the pharmaceutical and leather tanning field showed a significant depreciation in its rates of procurement. This imbalance in demand was further supported by the decline in the cost of crude oil and other traditional fuels, which in turn lowered the cost of production. Further, the number of shipment offtakes from the Chinese ports to European countries also took a southwards turn as the sea routes were blocked amid the Isarael-Hamas crisis.

Europe

In European countries, the situation of the glutaraldehyde market was not different than was observed in the Asia-Pacific region. The region witnessed a noticeable decline in trading activities as the number of bulk purchases remained stagnant even after the allotment of heavy discounts by the traders. The scenario of downstream industries was also unpredictable throughout the quarter, which was well translated in the trajectory of glutaraldehyde price trend.

North America

The surplus influx of inventories in the US worried the traders as the recovery in demand dynamics was slow. There were only a very few instances when the traders encountered a bulk purchase; otherwise, the market showed an overall muted outlook. In North America, the fall in the cost of feedstock formaldehyde and a significant fall in the cost of crude oil was an additional cause of tension for the manufacturers as it reduced the production prices and accelerated the downward movement of glutaraldehyde prices.

Analyst Insight

According to Procurement Resource, the price trend of Glutaraldehyde are estimated to register a slow-paced recovery in the upcoming months as the outlook of the downstream industries does not seem to offer much relief.

Glutaraldehyde Price Trend for the July-September of 2023

Asia

In Asia, glutaraldehyde price trend 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 trend 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 trend are not likely to pick up anytime soon since the demand outlook continues to be disappointing.

Glutaraldehyde Price Trend 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 trend. 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 trend.

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 trend.

The fall in the price trend 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 trend 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 trend of glutaraldehyde.

Analyst Insight

According to Procurement Resource, the price trend 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.

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About

Glutaraldehyde is a colorless oily pungent smelling liquid that is widely employed as a disinfectant, sterilizer, and fixative in various industrial processes. The main industries that employ glutaraldehyde are textile, healthcare, water-treatment, research, and leather manufacturing. Its disinfectant properties come from its ability to kill bacteria, viruses, fungi, and other microorganisms. However, it should be handled with care due to its toxicity and potential for irritation, and its use is subject to safety regulations and precautions.

Product Details

Report Features Details
Product Name Glutaraldehyde
Chemical formula C5H8O2
Industrial Uses Disinfectants and sterilization, Tanning agent, Oil and gas industry, Water treatment, Biomedical research, Adhesives
CAS Number 111-30-8
Molecular weight 100.117 g/mol
HS Code 29121990
Supplier Database UPICHEM, Grassland Agro, Whiteley Corporation, Dow, Finoric LLC, Lenntech B.V., Hubei Jinghong Chemical Co.
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In this process, the reaction between acrolein and methyl vinyl ether gives a pyran I.e., 3,4-dihydro-2-methoxy-2H-pyran. This pyran on hydrolysis gives glutaraldehyde and alkanol and after water extraction in multistage process, the final product is obtained.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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