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Ortho Phthalic Aldehyde Market

Market Insights on Ortho Phthalic Aldehyde covering sales outlook, demand forecast & up-to-date key trends

Ortho Phthalic Aldehyde Market by End Use, Application & Region - Forecast 2022 - 2032

Ortho Phthalic Aldehyde Market Overview 2022 - 2032

Global Ortho Phthalic Aldehyde demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032. The spike in the market for equipment sterilization and disinfectants is regarded as the primary growth factor in the worldwide ortho phthalic aldehyde market.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 5 Billion

Expected Market Value (2022)

US$ 5.3 Billion

Anticipated Forecast Value (2032)

US$ 8.8 Billion

Projected Growth Rate (2022-2032)

5.2% CAGR

Traditionally, Ortho Phthalic Aldehyde was widely used as a refrigerant. However, Ortho-Phthalic Aldehyde, also known as o-Phthalaldehyde, is a chemical compound that was approved by the FDA in October 1999. It is frequently abbreviated as OPA. This light yellow solid substance is used in the construction of pharmacompounds. Ortho-Phthalic Aldehyde, commonly known as Fluoraldehyde Crystals, is a fluorescent derivatization reagent with great sensitivity for diverse microbiocidal actions.

Its excellent material compatibility, along with a hardly discernible odor, eliminates the need for exposure monitoring. As a result, Ortho-Phthalic Aldehyde is increasingly being employed in the healthcare business as a substitute for glutaraldehyde, which is better recognized as a sensitizer. Furthermore, it has revealed higher antimycobactericidal action, allowing it to be used at lower doses. However, in order to safeguard visitors, staff, and patients, it must be used in accordance with the manufacturer's instructions.

Which are Some Prominent Drivers Spearheading Ortho Phthalic Aldehyde Market Growth?

Ortho-Phthalic Aldehyde market prospects are increasing due to various possible benefits, including the fact that it does not require activation and is not irritating to the eyes or nasal passages. Ortho-Phthalic Aldehyde exhibits high stability throughout a wide range of PH, i.e. PH3-9, and no exposure monitoring is performed.

The growing scope of innovation to manufacture efficient and safe chemicals, as well as the growth in the sterilizing equipment and disinfectants industry, are the main drivers for the ortho-Phthalic Aldehyde market.

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What are the Challenges Faced by the Ortho Phthalic Aldehyde Industry?

The growing cost of raw materials, as well as environmental and regulatory difficulties, are some of the major challenges confronting the Ortho-Phthalic Aldehyde market.

Why is Asia-Pacific emerging as an Opportunistic Ortho Phthalic Aldehyde Market?

Because of the region's fast-growing economy, Asia Pacific accounts for the highest proportion of the worldwide ortho phthalic aldehyde market. Furthermore, expanding government activities to stimulate the expansion of the chemical, construction, and other sectors would positively affect the regional market's trajectory.

Nikhil Kaitwade
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How is North America Contributing to Growth of the Ortho Phthalic Aldehyde Market?

According to Future Market Insights, based on the increased preference for ortho phthalic aldehyde over glutaraldehyde in a variety of applications, including high-level disinfection, North America is likely to be the leading region in the worldwide ortho phthalic aldehyde market in the coming years.

The increased popularity can be due to its stability across a wide pH range, as well as the fact that it does not require activation. However, the government is supporting recyclable and reusable items in the region to encourage sustainable development, which is anticipated to aid in the growth of the regional market because ortho phthalic aldehyde solution may be reused for around 14 days. The expanding number of hospitals and clinics in the region, as a result of the increasing frequency of numerous infectious illnesses, will create a significant need for hospital waste sterilization, disinfection, and control. This increase in demand will drive up the demand for ortho phthalic aldehyde compounds in the region.

Market Competition

Some of the key participants present in the global Ortho Phthalic Aldehyde market include MP Biomedicals, LLC. Sigma-Aldrich Co. LLC., TCI America, Parchem fine & specialty chemicals, DPx Fine Chemicals, Thermo Fisher Scientific Inc., Merck Millipore Corporation, Alfa Aesar, A Johnson Matthey Company, and AK Scientific Inc among others.

Attributed to the presence of such high number of participants, the market is highly competitive.

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Scope Of Report

Report Attribute

Details

Growth Rate

CAGR of 5.2% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • End Use
  • Application
  • Region

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • MP Biomedicals
  • LLC. Sigma-Aldrich Co. LLC.
  • TCI America
  • Parchem fine & specialty chemicals
  • DPx Fine Chemicals
  • Thermo Fisher Scientific Inc.
  • Merck Millipore Corporation
  • Alfa Aesar
  • A Johnson Matthey Company
  • AK Scientific Inc

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Key Segments Profiled in the Ortho Phthalic Aldehyde Industry Survey?

End Use:

  • Organic Synthesis
  • Isomeric Han LT Hides In Winemaking
  • Testing
  • Polymerization
  • Disinfection
  • Biochemistry
  • Others

Application:

  • Amino Acids And Detection
  • Quantization of High-Pressure Liquid Chromatography.

Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global Ortho Phthalic Aldehyde market to expand at a 5.2% value CAGR by 2032

North America is expected to be the most opportunistic Ortho Phthalic Aldehyde market.

MP Biomedicals, LLC. Sigma-Aldrich Co. LLC., TCI America, Parchem fine & specialty chemicals, DPx Fine Chemicals, Thermo Fisher Scientific Inc., Merck Millipore Corporation, Alfa Aesar, A Johnson Matthey Company, and AK Scientific Inc are some prominent Ortho Phthalic Aldehyde manufacturers

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Nikhil Kaitwade
Principal Consultant
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