Glyoxal Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Glyoxal Market Analysis
The market for glyoxal is projected to register a CAGR of around 5% during the forecast period (2021-2026).
COVID-19 has negatively affected the glyoxal market. The governments in most of the countries have declared that the non-essential businesses must be closed during the lockdown and the toll on the paints & coatings and oil industries was acutely felt in the manufacturing and retail sales. This, in turn, has affected the glyoxal market negatively. The relaxation of lockdowns and the market's opening is an encouraging sign for the glyoxal market.
- Increasing applications of glyoxal in fabrics and growing demand for glyoxal as an intermediate are driving the market growth.
- Inhalation risks and associated fire hazards in the manufacture of glyoxal are expected to hinder the growth of the market studied.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.
Glyoxal Market Trends
This section covers the major market trends shaping the Glyoxal Market according to our research experts:
Increasing Demand for Glyoxal as an Intermediate and Crosslinkers
- Glyoxal has been increasingly used as a chemical intermediate in the production of pharmaceuticals and dyestuffs. The ability of glyoxal to form heterocyclic compounds makes it suitable for the production of resins and for cross-linking functionalized macromolecules such as cellulose, polyacrylamides, polyvinyl alcohol, keratin, and other polycondensates.
- Owing to its viscosity characteristics, glyoxal also has been used in cosmetics. Cosmetic products use hydroxyl-ethyl cellulose R-types in creams, emulsions, lotions, gels, and oils for skin, face masks, tinted bases, different powders, hair-care products, shaving, and sunbathing products.
- According to Cosmetic Europe, European Cosmetics have generated a revenue of 79.8 billion EUR in the year 2019, where Germany holding a share of 35% accounting for around 14 billion EUR.
- The Asia-pacific textile industry witnessed major growth in recent times. Glyoxal is being used in the textile industry as a crosslinker and fiber treating agent. It can increase the spinning of cotton, nylon and can be used for other anti-wrinkle applications.
- Glyoxal, as an intermediate, is used in the production of different chemicals, such as glyoxylate, imidazole, methyl imidazole, metronidazole, and allantoin. Pharmaceutical industries have been largely using these chemicals to produce drugs, such as pyrazinamide and antibiotics.
- All the aforementioned factors are estimated to boost the consumption of glyoxal in the segment studied during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to dominate the global market, owing to the highly developed textile sector in China, coupled with the continuous investments done in the region to advance the pharmaceutical and agriculture sectors through the years.
- According to IBEF, the Indian cloth production in the fiscal year 2019 stood at around 70.04 billion square meters, and in the fiscal year 2020 till January, the production was 63.34 billion square meters.
- Moreover, the growing infection issues in the country and with the most population getting affected with various diseases and increased the need for various medical attention in the country is increasing the demand for pharmaceutical industries by using glyoxal as an intermediate.
- According to the Coatings World, Asia-Pacific leads the global paints and coatings market, followed by Europe in recent years. Globally, Asia-Pacific alone occupies more than 40% share of the coatings market.
- Globally, China is a dominant market in the leather manufacturing industry. Glyoxal intermediates help in maintaining leather quality. There has been an increase in the demand for high-quality demand for leather products in the country lately.
- Increasing usage of intermediates and crosslinkers, paints and coatings, and usage in textiles are expected to drive the market for glyoxal in the region through the years to come.
Glyoxal Industry Overview
The global glyoxal market is consolidated in nature with the top few players dominating the market. Some of the major companies are Hubei Hongyuan Pharmaceutical technology Co.,Ltd., Zhonglan Industry Co., Ltd, Thermo Fisher Scientific, WeylChem International GmbH, and Amzole India Pvt, among others.
Glyoxal Market Leaders
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WeylChem International GmbH
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Thermo Fisher Scientific
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Zhonglan Industry Co.,Ltd
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Hubei Hongyuan Pharmaceutical technology Co.,Ltd.
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Amzole India Pvt
*Disclaimer: Major Players sorted in no particular order
Glyoxal Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications of Glyoxal in Fabrics
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4.1.2 Growing Demand for Glyoxal as an Intermediate
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4.2 Restraints
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4.2.1 Associated Health Issues
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4.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19
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4.2.3 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Adhesives and Sealants
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5.1.2 Intermediates
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5.1.3 Oil and Gas Exploration
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5.1.4 Paints and Coatings
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5.1.5 Textile
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5.1.6 Other Applications
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5.2 Geography
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5.2.1 Asia-Pacific
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5.2.1.1 China
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5.2.1.2 India
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5.2.1.3 Japan
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5.2.1.4 South Korea
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5.2.1.5 Rest of Asia-Pacific
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5.2.2 North America
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5.2.2.1 United States
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5.2.2.2 Canada
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5.2.2.3 Mexico
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5.2.3 Europe
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5.2.3.1 Germany
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5.2.3.2 United Kingdom
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5.2.3.3 Italy
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5.2.3.4 France
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5.2.3.5 Rest of Europe
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle-East & Africa
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5.2.5.1 Saudi Arabia
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5.2.5.2 South Africa
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5.2.5.3 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)**/Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Amzole India Pvt. Ltd
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6.4.2 BASF SE
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6.4.3 Haihang Industry
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6.4.4 INEOS
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6.4.5 Thermo Fisher Scientific
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6.4.6 Tokyo Chemical Industry Co. Ltd
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6.4.7 Toronto Research Chemicals
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6.4.8 WeylChem International GmbH
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6.4.9 Hubei Hongyuan Pharmaceutical Technology Co., Ltd.
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6.4.10 Zhonglan Industry Co.,Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Pharmaceutical Applications
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7.2 Other Opportunities
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Glyoxal Industry Segmentation
Glyoxal is an organic crystalline solid, white at lower temperatures, yellow at melting point. The chemical formula for glyoxal is OCHCHO. The Market is Segmented by Application and geography. By application, the market is segmented into adhesives and sealants, intermediates, oil and gas exploration, textile, paints and coatings, and other applications. The report also covers the market size and forecasts for the glyoxal market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo tons).
| Application | |
| Adhesives and Sealants | |
| Intermediates | |
| Oil and Gas Exploration | |
| Paints and Coatings | |
| Textile | |
| Other Applications |
| Geography | |||||||
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Glyoxal Market Research FAQs
What is the current Glyoxal Market size?
The Glyoxal Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Glyoxal Market?
WeylChem International GmbH, Thermo Fisher Scientific, Zhonglan Industry Co.,Ltd, Hubei Hongyuan Pharmaceutical technology Co.,Ltd. and Amzole India Pvt are the major companies operating in the Glyoxal Market.
Which is the fastest growing region in Glyoxal Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Glyoxal Market?
In 2024, the Asia Pacific accounts for the largest market share in Glyoxal Market.
What years does this Glyoxal Market cover?
The report covers the Glyoxal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Glyoxal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Glyoxal Industry Report
Statistics for the 2024 Glyoxal market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Glyoxal analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
