Global Ortho Phthalaldehyde Market Size Study & Forecast, By Application (Healthcare, Food and Beverage, Personal Care, Others), By End-use (Healthcare and Medical Facilities, Pharmaceutical Industry, Laboratory and Research Institutions, Chemical Industr

Global Ortho Phthalaldehyde Market Size Study & Forecast, By Application (Healthcare, Food and Beverage, Personal Care, Others), By End-use (Healthcare and Medical Facilities, Pharmaceutical Industry, Laboratory and Research Institutions, Chemical Industry, Others), and Regional Analysis, 2023-2030

Global Ortho Phthalaldehyde (OPA) Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. OPA is a vital constituent in pharmaceutical formulations. It presents as a pale yellow solid, serving as the foundational element for pharmaceutical compounds. It is also known as formaldehyde derivative reagents, ortho phthalaldehyde crystals boast fluorescence, rendering them invaluable in various microbicidal applications. Ortho phthalaldehyde is a disinfectant that has excellent material compatibility, produces minimal odor, and does not require exposure monitoring. It is widely embraced in medicine as it replaces glutaraldehyde, mitigating sensitization concerns. Additionally, ortho phthalaldehyde exhibits potent anti-mycobactericidal properties even at low concentrations. The market growth is driven by key factors such as the rising prevalence of hospital-acquired infections (HAIs), the growing scope of innovation to manufacture efficient and safe chemicals, rising prevalence of several infectious diseases.

As per Statista, on April 20, 2020, Tokyo Prefecture recorded the highest number of hospital-acquired infections (HAIs) associated with COVID-19, confirming 375 cases across eight hospitals. Following closely, Hokkaido, the northernmost prefecture, reported the second-highest count with 95 cases spanning seven hospitals. Also, Urinary tract infections (UTIs) stand as the predominant form of hospital-acquired infections (HAIs), targeting the urinary tract including the kidneys, bladder, urethra, and ureters. Approximately 75% of these UTIs are associated with catheter use, particularly when the catheter remains in place for an extended duration. However, high raw material cost stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Ortho Phthalaldehyde Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region is leading the global ortho phthalic aldehyde market, propelled by its rapidly expanding economy. Moreover, government initiatives aimed at fostering growth in chemical, construction, and various other sectors are expected to further bolster the regional market Meanwhile, North America is expected to be the fastest growing region in the global ortho phthalic aldehyde market. This shift can be attributed to the increasing adoption of orthophthalic aldehyde over glutaraldehyde across various applications, particularly for high-level disinfection. The preference for ortho phthalic aldehyde is driven by its stability across a broad pH range and its lack of requirement for activation.

Major market players included in this report are:
Mitsubishi Gas Chemicals Co. Inc.
OCI Company Limited
Thirumalai Chemicals Ltd.
Slovnaft
Proviron Basic Chemicals
LANXESS
Cp-Chem Co. Ltd.
Shandong Hongxin
Hanwha Chemical Corporation
Asian Paints

Recent Developments in the Market:
 In January 2023, Thermo Fisher Scientific Inc., a global leader in science services, acquired The Binding Site Group, a prominent player in specialty diagnostics, from a shareholder group led by European private equity firm Nordic Capital. The all-cash deal was valued at USD 2.8 billion at the current exchange rate.
 In March 2022, MP Biomedicals introduced the third generation of Automated Nucleic Acid Purification, known as the MPure-32.

Global Ortho Phthalaldehyde Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Application, End-use, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:
Healthcare
Food and Beverage
Personal Care
Others
By End-use:
Healthcare and Medical Facilities
Pharmaceutical Industry
Laboratory and Research Institutions
Chemical Industry
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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