The global demand for Glyoxal Market is presumed to reach the market size of nearly USD 5.87 MN by 2028 from USD 3.27 MN in 2021 with a CAGR of 8.7% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX KiloTon in 2021 and forecast to touch XX KiloTon by 2028 with a CAGR of XX% during 2022-2028.
The organic compound glyoxal is the smallest dialdehyde with the chemical formula OCHCHO. It is a white crystalline solid at low temperatures and turns yellow as it approaches the melting point (15 °C). Pure glyoxal is rarely seen as it forms hydrates that oligomerize. The Laporte process (gas-phase oxidation of ethylene glycol in the presence of a silver or copper catalyst) or the liquid-phase oxidation of acetaldehyde with nitric acid are both used to make commercial glyoxal. It reacts with urea to produce 4,5-dihydroxy-2-imidazolidinone, which then reacts with formaldehyde to produce the bis(hydroxymethyl) derivative dimethyl ol ethylene urea, which is used for wrinkle-resistant chemical treatments of textiles– permanent press. Large volumes of glyoxal are used as a crosslinker for starch-based formulations in coated paper and textile finishes. Glyoxal solutions can also be employed as a fixative for histology or the preservation of cells for microscopic examination.
Market Dynamics
Glyoxal demand is predicted to rise in the following years due to growth in numerous end-use industries such as textiles, paper, cosmetics, and oil and gas. Because of its propensity to bind cellulose, glyoxal is primarily utilized in the textile industry to avoid cellulosic swelling. Glyoxal aids the manufacture of wrinkle-free and smoother fabrics by crosslinking cellulose. Glyoxal also crosslinks polysaccharides like guar, xanthan, and cellulose derivatives for the production of hydrocolloids. Governments worldwide are concentrating on lowering carbon emissions by enacting various policies and standards, resulting in the rapid increase in the implementation of organic compounds across various industries. The glyoxal market is likely to boost in future since it is organic and non-hazardous to the environment. The prices of the raw materials used to make glyoxal are very volatile and frequently fluctuate, affecting its use in various sectors. Furthermore, raw material availability may impact overall glyoxal production, thus impeding the ongoing supply of glyoxal.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of glyoxal. The growth and trends of Glyoxal Industry provide a holistic approach to this study.
Market Segmentation
This section of the glyoxal market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Crosslinking
- Intermediate
- Others
By End-Use Industry
- Textile
- Paper
- Derivatives
- Oil & Gas
- Cosmetics/Personal Care
- Leather
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Glyoxal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Glyoxal Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the glyoxal market include BASF SE, Celanese Corp., Eastman Chemical Company, Jubliant Life Sciences Ltd., The Dow Chemical Company, Zhonglan Industry Co. Ltd. and Amazole India Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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