The Ortho Phthalaldehyde Market size was valued at USD 5.52 billion in 2023. It is expected to grow to USD 8.47 billion by 2031 and grow at a CAGR of 5.5% over the forecast period of 2024-2031.
The ortho-phthalaldehyde market is experiencing significant growth due to its wide range of applications in various industries. Ortho-phthalaldehyde, also known as OPA, is a chemical compound that is primarily used as a disinfectant and sterilant. It is highly effective against a broad spectrum of microorganisms, making it a preferred choice in healthcare facilities, laboratories, and other settings where cleanliness and hygiene are of utmost importance.
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The ortho-phthalaldehyde market is driven by the increasing demand for effective disinfectants and sterilants in the healthcare industry. With the rise in hospital-acquired infections and the need for stringent infection control measures, the use of OPA has become crucial in preventing the spread of diseases. Additionally, the growing awareness about the importance of maintaining a clean and sterile environment has further fueled the demand for ortho-phthalaldehyde. Furthermore, the ortho-phthalaldehyde market is witnessing growth due to its versatility and compatibility with various materials. Unlike other disinfectants, OPA does not corrode or damage medical instruments, making it an ideal choice for sterilizing delicate equipment. Its compatibility with a wide range of materials, including metals, plastics, and rubber, has made it a preferred option in the medical and dental industries.
The disinfection segment currently holds the largest market share and is projected to experience a steady growth rate of 5.12% over the forecast period. One notable high-level disinfectant within this segment is ortho-phthalaldehyde (OPA), which boasts rapid action and effectiveness against a wide range of microorganisms. These include coat-defective spores, Bacillus subtilis spores, and mycobacteria that exhibit resistance to glutaraldehyde. OPA presents itself as a promising alternative to glutaraldehyde, a volatile respiratory irritant known for its unpleasant odor. By substituting glutaraldehyde with OPA, users can benefit from a more efficient and user-friendly disinfection solution.
Drivers
Increasing demand for ortho phthalaldehyde in the healthcare sector
Versatility of ortho phthalaldehyde
Increasing awareness regarding the importance of maintaining hygiene and preventing infections
Restrain
High cost associated with ortho phthalaldehyde
Stringent regulations and guidelines imposed by regulatory bodies regarding the use of chemicals in the healthcare sector
Opportunities
Rising prevalence of hospital-acquired infections and the need for effective disinfection solutions
The market is expected to experience significant growth due to the increasing prevalence of hospital-acquired infections (HAIs). According to the Centers for Disease Control and Prevention (CDC), HAIs are responsible for approximately 688,000 illnesses and 71,500 fatalities annually in the United States, resulting in billions of dollars in expenses. The CDC closely monitors and reports on the prevalence of various infections, including catheter-associated urinary tract infections (UTIs), central line-associated bloodstream infections (CLABSIs), ventilator-associated pneumonia (VAP), and surgical site infections. These infections are often linked to medical devices such as central lines, catheters, ventilators, and surgical sites.
Untapped potential in emerging economies
Challenges
Fluctuating prices of raw materials
Limited awareness and understanding among potential customers
The Russia-Ukraine war has disrupted the global supply chain of ortho-phthalaldehyde, leading to a shortage in the market. Ortho-phthalaldehyde, commonly used as a disinfectant and sterilant in healthcare facilities, has seen a decline in availability due to the conflict's impact on production and transportation. One of the major consequences of the war was the disruption of trade routes between Russia and Ukraine. These two countries have been significant players in the ortho-phthalaldehyde market, with Russia being a major producer and Ukraine serving as a key transit hub. The conflict has resulted in the closure of borders and the imposition of trade restrictions, severely affecting the flow of goods, including ortho-phthalaldehyde.
With economic uncertainty and reduced consumer spending, the demand for medical devices and equipment, which heavily rely on ortho-phthalaldehyde, has declined. Hospitals and healthcare facilities have faced budget constraints, leading to a decrease in the purchase of these products. Consequently, manufacturers and suppliers have experienced a decline in demand, affecting their revenue and profitability. The recession has also affected the supply side of the ortho-phthalaldehyde market. Manufacturers have faced challenges in sourcing raw materials, as suppliers have struggled to maintain their operations amidst the economic downturn. This has resulted in supply chain disruptions, leading to delays in production and delivery. Additionally, manufacturers have had to adjust their production capacities to align with reduced demand, further impacting the overall supply of ortho-phthalaldehyde.
The recession has exerted downward pressure on the pricing of ortho-phthalaldehyde. With reduced demand and increased competition among manufacturers, pricing strategies have shifted to attract customers and maintain market share. Price reductions have become common, as manufacturers strive to stimulate demand and remain competitive. However, this has negatively impacted profit margins, posing challenges for manufacturers to sustain their operations and invest in research and development. The recession has undoubtedly affected the overall performance of the ortho-phthalaldehyde market. With declining demand, disrupted supply chains, and pricing pressures, the industry has experienced a slowdown.
By End-use
Biochemistry
Organic Synthesis
Disinfection
Isomeric Han LT Hides in Winemaking
Polymerization
Testing
Others
By Application
Quantization Of High-Pressure Liquid Chromatography
Amino Acids & Detection
Regional Analysis
North America dominated the ortho phthalaldehyde market in 2023 and is expected to grow with a CAGR of about 5.22% during the forecast period. This growth is attributed to the growing preference for ortho phthalaldehyde over glutaraldehyde in various applications, particularly high-level disinfection. The rising popularity of ortho phthalaldehyde is due to its stability across a wide pH range and its lack of activation requirements. Furthermore, the government is actively promoting the use of recyclable and reusable materials in the region to foster sustainable development. This initiative is expected to drive the expansion of the regional market, as ortho phthalaldehyde solution can be reused after approximately 14 days. This not only reduces waste but also contributes to environmental preservation. Moreover, the increasing number of hospitals and clinics in the region, coupled with the growing prevalence of infectious diseases, highlights the growing importance of hospital waste sterilization, disinfection, and control. As a result, the demand for ortho phthalaldehyde is anticipated to rise significantly.
The Asia Pacific region is projected to experience the highest compound annual growth rate of about 5.73% in the Ortho Phthalaldehyde Market during the forecast period.
The Asia Pacific region is anticipated to witness significant growth in the Ortho Phthalaldehyde Market in the coming years. The Asia Pacific region is witnessing a shift towards advanced healthcare technologies and practices. This transition is driven by the need to improve healthcare outcomes and enhance patient safety. Ortho Phthalaldehyde, with its superior disinfection properties and compatibility with a wide range of medical instruments, is well-positioned to cater to this evolving demand. The popularity of OPA as a sterilant is driven by the increasing number of surgeries and medical procedures being performed in this region. Moreover, healthcare-associated infections (HAIs) are a significant contributor to illness and death on a global scale. Therefore, it is crucial to thoroughly disinfect medical surfaces and equipment to halt the transmission of these infections. OPA has emerged as a favored option for healthcare facilities in their efforts to prevent HAIs due to its widely recognized broad-spectrum antimicrobial properties and remarkable effectiveness against a wide range of microorganisms.
Moreover, the region is witnessing a rise in medical tourism, with patients from around the world seeking affordable and high-quality healthcare services in countries like India, China, and Thailand. This trend further contributes to the growth of the Ortho Phthalaldehyde Market in the Asia Pacific region.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are AK Scientific Inc., Alfa Aesar, MP Biomedicals, DPX Fine Chemicals, Virox, Thermo Fisher Scientific Inc., Parchem Fine & Specialty Chemicals, TCI America, Merck Millipore Corporation, Sigma-Aldrich Co. LLC, and other key players mentioned in the final report.
In Jan 2023, The Binding Site Group, a renowned global leader in specialty diagnostics, was acquired by Thermo Fisher Scientific Inc., the world's foremost provider of science services. This acquisition was made by a shareholder group, led by the esteemed European private equity firm Nordic Capital, in an all-cash transaction valued at USD 2.8 billion based on the current exchange rate.
In March 2022, MP Biomedicals launched the highly anticipated MPure-32, marking the dawn of the third generation of Automated Nucleic Acid Purification.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.52 Bn |
| Market Size by 2031 | US$ 8.47 Bn |
| CAGR | CAGR of 5.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By End-use (Biochemistry, Organic Synthesis, Disinfection, Isomeric Han LT Hides In Winemaking, Polymerization, Testing, and Others) • By Application (Quantization Of High-Pressure Liquid Chromatography and Amino Acids & Detection) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | AK Scientific Inc., Alfa Aesar, MP Biomedicals, DPX Fine Chemicals, Virox, Thermo Fisher Scientific Inc., Parchem Fine & Specialty Chemicals, TCI America, Merck Millipore Corporation, Sigma-Aldrich Co. LLC |
| Key Drivers | • Increasing demand for ortho phthalaldehyde in the healthcare sector • Versatility of ortho phthalaldehyde • Increasing awareness regarding the importance of maintaining hygiene and preventing infections |
| Key Restraints | • High cost associated with ortho phthalaldehyde • Stringent regulations and guidelines imposed by regulatory bodies regarding the use of chemicals in the healthcare sector |
Ans. The Compound Annual Growth rate for the Ortho Phthalaldehyde Market over the forecast period is 5.5%.
Ans. The projected market size for the Ortho Phthalaldehyde Market is USD 8.47 billion by 2031.
Ans: The significant challenge in the Ortho Phthalaldehyde Market is the stringent regulatory environment. The Ortho Phthalaldehyde market is subject to various regulations and standards, which can be complex and time-consuming to comply with.
Ans: Ortho Phthalaldehyde is derived from certain chemicals, and any fluctuations in their prices directly impact the overall cost of production.
Ans: Yes, you can ask for the customization as per your business requirement.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Ortho Phthalaldehyde Market Segmentation, By End-use
8.1 Biochemistry
8.2 Organic Synthesis
8.3 Disinfection
8.4 Isomeric Han LT Hides in Winemaking
8.5 Polymerization
8.6 Testing
8.7 Others
9. Ortho Phthalaldehyde Market Segmentation, By Application
9.1 Quantization of High-Pressure Liquid Chromatography
9.2 Amino Acids & Detection
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Ortho Phthalaldehyde Market by Country
10.2.2North America Ortho Phthalaldehyde Market by End-use
10.2.3 North America Ortho Phthalaldehyde Market by Application
10.2.4 USA
10.2.4.1 USA Ortho Phthalaldehyde Market by End-use
10.2.4.2 USA Ortho Phthalaldehyde Market by Application
10.2.5 Canada
10.2.5.1 Canada Ortho Phthalaldehyde Market by End-use
10.2.5.2 Canada Ortho Phthalaldehyde Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Ortho Phthalaldehyde Market by End-use
10.2.6.2 Mexico Ortho Phthalaldehyde Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Ortho Phthalaldehyde Market by Country
10.3.1.2 Eastern Europe Ortho Phthalaldehyde Market by End-use
10.3.1.3 Eastern Europe Ortho Phthalaldehyde Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Ortho Phthalaldehyde Market by End-use
10.3.1.4.2 Poland Ortho Phthalaldehyde Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Ortho Phthalaldehyde Market by End-use
10.3.1.5.2 Romania Ortho Phthalaldehyde Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Ortho Phthalaldehyde Market by End-use
10.3.1.6.2 Hungary Ortho Phthalaldehyde Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Ortho Phthalaldehyde Market by End-use
10.3.1.7.2 Turkey Ortho Phthalaldehyde Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Ortho Phthalaldehyde Market by End-use
10.3.1.8.2 Rest of Eastern Europe Ortho Phthalaldehyde Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Ortho Phthalaldehyde Market by Country
10.3.2.2 Western Europe Ortho Phthalaldehyde Market by End-use
10.3.2.3 Western Europe Ortho Phthalaldehyde Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Ortho Phthalaldehyde Market by End-use
10.3.2.4.2 Germany Ortho Phthalaldehyde Market by Application
10.3.2.5 France
10.3.2.5.1 France Ortho Phthalaldehyde Market by End-use
10.3.2.5.2 France Ortho Phthalaldehyde Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Ortho Phthalaldehyde Market by End-use
10.3.2.6.2 UK Ortho Phthalaldehyde Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Ortho Phthalaldehyde Market by End-use
10.3.2.7.2 Italy Ortho Phthalaldehyde Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Ortho Phthalaldehyde Market by End-use
10.3.2.8.2 Spain Ortho Phthalaldehyde Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Ortho Phthalaldehyde Market by End-use
10.3.2.9.2 Netherlands Ortho Phthalaldehyde Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Ortho Phthalaldehyde Market by End-use
10.3.2.10.2 Switzerland Ortho Phthalaldehyde Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Ortho Phthalaldehyde Market by End-use
10.3.2.11.2 Austria Ortho Phthalaldehyde Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Ortho Phthalaldehyde Market by End-use
10.3.2.12.2 Rest of Western Europe Ortho Phthalaldehyde Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Ortho Phthalaldehyde Market by Country
10.4.2 Asia Pacific Ortho Phthalaldehyde Market by End-use
10.4.3 Asia Pacific Ortho Phthalaldehyde Market by Application
10.4.4 China
10.4.4.1 China Ortho Phthalaldehyde Market by End-use
10.4.4.2 China Ortho Phthalaldehyde Market by Application
10.4.5 India
10.4.5.1 India Ortho Phthalaldehyde Market by End-use
10.4.5.2 India Ortho Phthalaldehyde Market by Application
10.4.6 Japan
10.4.6.1 Japan Ortho Phthalaldehyde Market by End-use
10.4.6.2 Japan Ortho Phthalaldehyde Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Ortho Phthalaldehyde Market by End-use
10.4.7.2 South Korea Ortho Phthalaldehyde Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Ortho Phthalaldehyde Market by End-use
10.4.8.2 Vietnam Ortho Phthalaldehyde Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Ortho Phthalaldehyde Market by End-use
10.4.9.2 Singapore Ortho Phthalaldehyde Market by Application
10.4.10 Australia
10.4.10.1 Australia Ortho Phthalaldehyde Market by End-use
10.4.10.2 Australia Ortho Phthalaldehyde Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Ortho Phthalaldehyde Market by End-use
10.4.11.2 Rest of Asia-Pacific Ortho Phthalaldehyde Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Ortho Phthalaldehyde Market by Country
10.5.1.2 Middle East Ortho Phthalaldehyde Market by End-use
10.5.1.3 Middle East Ortho Phthalaldehyde Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Ortho Phthalaldehyde Market by End-use
10.5.1.4.2 UAE Ortho Phthalaldehyde Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Ortho Phthalaldehyde Market by End-use
10.5.1.5.2 Egypt Ortho Phthalaldehyde Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Ortho Phthalaldehyde Market by End-use
10.5.1.6.2 Saudi Arabia Ortho Phthalaldehyde Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Ortho Phthalaldehyde Market by End-use
10.5.1.7.2 Qatar Ortho Phthalaldehyde Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Ortho Phthalaldehyde Market by End-use
10.5.1.8.2 Rest of Middle East Ortho Phthalaldehyde Market by Application
10.5.2 Africa
10.5.2.1 Africa Ortho Phthalaldehyde Market by Country
10.5.2.2 Africa Ortho Phthalaldehyde Market by End-use
10.5.2.3 Africa Ortho Phthalaldehyde Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Ortho Phthalaldehyde Market by End-use
10.5.2.4.2 Nigeria Ortho Phthalaldehyde Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Ortho Phthalaldehyde Market by End-use
10.5.2.5.2 South Africa Ortho Phthalaldehyde Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Ortho Phthalaldehyde Market by End-use
10.5.2.6.2 Rest of Africa Ortho Phthalaldehyde Market by Application
10.6 Latin America
10.6.1 Latin America Ortho Phthalaldehyde Market by Country
10.6.2 Latin America Ortho Phthalaldehyde Market by End-use
10.6.3 Latin America Ortho Phthalaldehyde Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Ortho Phthalaldehyde Market by End-use
10.6.4.2 Brazil Africa Ortho Phthalaldehyde Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Ortho Phthalaldehyde Market by End-use
10.6.5.2 Argentina Ortho Phthalaldehyde Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Ortho Phthalaldehyde Market by End-use
10.6.6.2 Colombia Ortho Phthalaldehyde Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Ortho Phthalaldehyde Market by End-use
10.6.7.2 Rest of Latin America Ortho Phthalaldehyde Market by Application
11 Company Profile
11.1 AK Scientific Inc.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Alfa Aesar
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 MP Biomedicals
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 DPX Fine Chemicals
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Virox
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Thermo Fisher Scientific Inc.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Parchem Fine & Specialty Chemicals
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 TCI America
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Merck Millipore Corporation
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Sigma-Aldrich Co. LLC
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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