Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,401.79 million | USD 8,804.53 million | 6.30% | 2022 |
The global ortho phthalic aldehyde market size was worth around USD 5,401.79 million in 2022 and is predicted to grow to around USD 8,804.53 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.30% between 2023 and 2030.
Ortho phthalic aldehyde is a substance abbreviated as OPA. It is a pale yellow substance in color available in solid form and is known as the fundamental building block of pharma compounds. Orthophthalic aldehyde is also referred to as formaldehyde crystals that are a fluorescent derivation reagent used for various microbicidal activities. It has excellent material compatibility with a barely perceptible odor that does not require any exposure monitoring. Ortho phthalic aldehyde is highly being used as a replacement in the medicare sector for glutaraldehyde that is known as a sensitizer. Also, it is highly exposed to several anti myco bactericidal activities at low concentrations. It is also a high-end disinfection solution approved by the FDA. It does not have any side effects on the respiratory tract, eyes, or mucosa. However, it is advised to use these compounds in a well-ventilated place and close containers.
There are tremendous potential opportunities for the growth of the global ortho phthalic aldehyde market in the forthcoming years as ortho phthalic aldehyde does not require any activation and is highly stable over a wide range of pH. The growing scope of these chemicals to manufacture safe and efficient chemicals will also fuel its demand. Also, the surge in the equipment sterilization and disinfectant market is considered as the key growth driver in the global ortho phthalic aldehyde market. It is approved as a high-end sterilization solution for medical equipment that is heat sensitive. In addition, it is widely being used as a perfect substitute for glutaraldehyde in the healthcare sector. Moreover, it has several advantages over glutaraldehyde. Glutaraldehyde possesses affinity to biological amines and it is utilized as a tissue fixative. However, the native protein's capitalization led to a weird immune response which in turn, will further create the possibility of the development of allergy.
Therefore, there is a high need for good alternatives like ortho phthalic aldehyde to replace glutaraldehyde. Manufacturers are scaling up their research and development activities to discover the untapped potential of orthophthalic aldehyde. In addition, the ongoing technological advancements in the field of orthophthalic aldehyde along with the fast-growing chemical sector will further accentuate the growth of the global ortho phthalic aldehyde market. Ortho phthalic aldehyde compounds are widely utilized to quantitate protein or amino acids. In addition, the ortho phthalic aldehyde amine reaction effectively modifies native protein and peptides under certain conditions. Also, the ortho phthalic aldehyde alkaline bifunctional linkers can also be adopted for proteome profiling. However, all these emerging factors are likely to exponentially scale up the growth of the global ortho phthalic aldehyde market in the forthcoming years.
The global ortho phthalic aldehyde market can be segmented into end-user, product, and region.
By end-user, the market can be segmented into organic synthesis; isomeric han LT hides in winemaking, testing, polymerization, disinfection, biochemistry, and others.
By product, the market can be segmented into less than 98% & above and equal to 98%.
By application, the market can be segmented into amino acids and detection & quantitation of high-pressure liquid chromatography.
Report Attributes | Report Details |
---|---|
Report Name | Ortho Phthalic Aldehyde Market Research Report |
Market Size in 2022 | USD 5,401.79 million |
Market Forecast in 2030 | USD 8,804.53 million |
Growth Rate | CAGR of 6.30% |
Number of Pages | 214 |
Key Companies Covered | OCI Company Limited, Hanwha Chemical Corporation, Thirumalai Chemicals Ltd, Slovnaft, Proviron Basic Chemicals, LANXESS, Cp-Chem Co. Ltd., Shandong Hongxin, Asian Paints, UPC Group, Mitsubishi Gas Chemicals Co. Inc., Koppers Inc., Polynt SPA, I G Petrochemicals Limited, Aekyung Petrochemical Co. Ltd, ExxonMobil Corporation, NAN YA PLASTICS CORPORATION, Hongxin Chemical, and BASF SE. |
Segments Covered | By Application, By End User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific accounts for the largest share in the global ortho phthalic aldehyde market due to the fast-growing economy in the region. Furthermore, the growing government initiatives to encourage the growth of chemical, construction, and several other sectors will also positively shape the trajectory of the regional market.
North America is expected to be the leading region in the global ortho phthalic aldehyde market in forthcoming years due to the growing preference of ortho phthalic aldehyde over glutaraldehyde for several applications, including high-level disinfection. The growing preference can be attributed to its stability over varying pH range, and in addition, it also does not require any activation. However, the government is promoting recyclable and reusable products in the region to promote sustainable development, which in turn is further likely to assist with the growth of the regional market as ortho phthalic aldehyde solution can be reused for about 14 days. The growing number of hospitals and clinics owing to the increasing prevalence of various infectious diseases in the region will further pose a massive demand for sterilization, disinfection, and control of hospital waste. This surge in demand will exponentially propel the requirement of ortho phthalic aldehyde compounds in the region.
By End Use:
By Application:
By Region
FrequentlyAsked Questions
There are tremendous potential opportunities for the growth of the global ortho phthalic aldehyde market in the forthcoming years as ortho phthalic aldehyde does not require any activation and is highly stable over a wide range of PH. The growing scope of these chemicals to manufacture safe and efficient chemicals will also fuel its demand.
Some of the significant players in the global ortho phthalic aldehyde market are OCI Company Limited, Hanwha Chemical Corporation, Thirumalai Chemicals Ltd, Slovnaft, Proviron Basic Chemicals, and LANXESS, Cp-Chem Co. Ltd
Asia Pacific accounts for the largest share in the global ortho phthalic aldehyde market due to the fast-growing economy in the region. Furthermore, the growing government initiatives to encourage the growth of chemical, construction, and several other sectors will also positively shape the trajectory of the regional market.
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