Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Ortho Phthalaldehyde Market

Ortho Phthalaldehyde Market Size

Report ID: GMI7117
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Ortho Phthalaldehyde Market Size

Ortho Phthalaldehyde Market was valued at around USD 5.33 billion in 2022 and is estimated to register a CAGR of over 5.4% between 2023 and 2032. The market refers to the global industry for ortho-phthalaldehyde, a chemical compound used primarily as a disinfectant and antiseptic. This market encompasses the production, distribution, and application of ortho-phthalaldehyde in various end-use sectors, including healthcare, pharmaceuticals, laboratory and research institutions, and the chemical industry. Ortho-phthalaldehyde is recognized for its effectiveness in disinfection and is a vital component in maintaining cleanliness and hygiene in diverse settings, particularly in healthcare and medical facilities.

To get key market trends

Download Free Sample

The market involves the manufacturing and supply of high-purity and technical-grade ortho-phthalaldehyde to meet the disinfection and chemical intermediate needs of these industries. Factors influencing the market include advancements in healthcare and medical practices, laboratory research, and the broader chemical sector, where ortho-phthalaldehyde plays a pivotal role in ensuring the safety and cleanliness of equipment and environments.

Ortho Phthalaldehyde Market Report Attributes
Report Attribute	Details
Base Year:	2022
Ortho Phthalaldehyde Market Size in 2022:	USD 5.33 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.4%
2032 Value Projection:	USD 9.05 Billion
Historical Data for:	2018 – 2022
No. of Pages:	180
Tables, Charts & Figures:	144
Segments covered:	Application, End use Industry and Region
Growth Drivers:	Increased Healthcare and Medical Facilities Expanding Pharmaceutical Industry Increased Chemical Industry Usage
Pitfalls & Challenges:	Regulatory Challenges

Learn more about the key segments shaping this market

Download Free Sample

Indeed, regulatory challenges stand out as a major pitfall for the ortho phthalaldehyde market. Stringent regulations regarding product safety, environmental impact, and chemical usage pose significant hurdles for manufacturers and suppliers in the industry. Compliance with diverse and evolving regulatory frameworks across different regions and applications requires substantial investments in research, development, and testing to ensure products meet the required standards.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for ortho phthalaldehyde was USD 5.33 billion in 2022 and is estimated to record USD 9.05 billion by the end of 2032 due to higher usage in healthcare, pharmaceuticals, laboratory and research institutions, and the chemical sector

Ortho phthalaldehyde market from the healthcare application segment reached USD 1.88 billion in 2022 owing to the growing need for ensuring hygiene and safety in food processing while maintaining the quality and safety of food products

U.S. industry size for ortho phthalaldehyde was USD 1.25 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 owing to the increasing focus on healthcare and medical facilities

Some of the major ortho phthalaldehyde industry players are Steris Corporation, Johnson & Johnson, 3M Company, Ecolab Inc., Medline Industries, Inc., MP Biomedicals, and TCI America