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Global Glyoxal Market

Global Glyoxal Market size was valued at US$ 264 Mn in 2019 and the total revenue is expected to grow at 6.1 % through 2020 to 2026, reaching nearly US$ XX Mn.

The global Glyoxal market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Glyoxal report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Glyoxal Market Overview:

Glyoxal is widely used in various end-use industries including food packaging & paper manufacturing, derivatives, oil & gas, textile, paper, cosmetics, and leather. These factors drive the global glyoxal market size.

Global Glyoxal Market
Global Glyoxal Market Dynamics:

Growing end-use industries including cosmetics, textile, paper, and oil & gas are expected to drive the global glyoxal market demand during the forecast period. Glyoxal prevents cellulosic swelling thanks to its ability to bind cellulose, thus it is especially utilized in the textile industry. With the crosslinking of cellulose, glyoxal aids the development of wrinkle-free and smoother textiles. Additionally, for the growth of hydrocolloids, glyoxal crosslinks polysaccharides like guar, xanthan, and cellulose derivatives.

The glyoxal is widely utilized in food packaging & paper manufacturing applications thanks to its low moisture retention characteristic. Rising consumer base towards packaged food thanks to changing lifestyles is the major factor contributing to the market growth. Investments made by major players in the oil & gas sector, particularly in the countries of the Middle East & Africa including Nigeria and South Africa are further driving the market demand. The key function of glyoxal is oil recovery and gas sweetening, both factors play a vital role in making both the oil and gas.

Governments across the globe are focusing on decreasing carbon footprint by imposing various regulations and norms. As per the OECD guidelines 301C-E & 303A, because of its biodegradable existence, glyoxal is considered environmentally friendly, showing a decrease in the organic carbon content of more than 90%. Because of this, glyoxal is implemented in various applications ranging from textile to oil & gas.

Fluctuations in raw materials needed to produce glyoxal are restraining the market growth. Also, the availability of raw materials expected to hamper the glyoxal production as well as the continuous supply of glyoxal.
Global Glyoxal Market Segment Analysis:

By Application, the glyoxal market is segmented into crosslinking, and intermediate. Crosslinking segment expected to lead the market during the forecast period thanks to its excellent finishing properties in textile processing, better efficiency in the improved wet strength in the paper, tanning process, and hydrocolloids formation in cosmetic/personal care products. The necessity for glyoxal as a crosslinker is expected to boost during the forecast period because of the rising demand for paper packaging, footwear, textiles, garments, and personal care products.

Global Glyoxal Market

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By End-Use Industry, the market is segmented into textile, paper, derivatives, oil & gas, cosmetic/personal care, and leather. The oil & gas end-use industry is expected to grow at a CAGR of XX% during the forecast period. Glyoxal is commonly used in processes of gas sweetening as a crosslinker for oil recovery and as a sulfur scavenger which offers aids like safety at work, anti-corrosive, and develops viscosity in oil-drilling fluids. Rising oil & gas exploration activities mainly in the Asia Pacific and Middle East region is contributing factor to the global market growth.

Global Glyoxal Market
Global Glyoxal Market Regional Insights:

Asia Pacific is dominating the Glyoxal Market

Asia Pacific led the global industry and accounted for the largest market share around XX% in terms of volume in 2019. Growing demand from end-use industries including textile, paper, and oil & gas is estimated to be a major driving factor for the market growth in the region. The region is expected to maintain its dominance during the forecast period thanks to huge demand in the cosmetic industry purposing cosmetic products that include moisturizers, sunscreen creams, and lotions.

Increasing demand from end-use industries like wood adhesives, paper packaging, and leather along with the recovery of economic growth is expected to drive market growth in Europe during the forecast period. Growing glyoxal applications in the production of glycolic acid which serves as an intermediate for antibiotics, vanillin, agrochemicals, and allantoin is another key factor driving market growth in the region.

Global Glyoxal Market

The objective of the report is to present a comprehensive analysis of the Global Glyoxal market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Glyoxal market dynamics, structure by analyzing the market segments and project the Global Glyoxal market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Glyoxal market make the report investor’s guide.
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Global Glyoxal Market
Global Glyoxal Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Glyoxal Market Key Players

• Eastman Chemical
• Silver Fern Chemical
• Clariant
• Huntsman Corp.
• Formosa Plastics Group
• Shell Chemicals
• ME Global B.V.
• Alberta & Orient Glycol
• Merck KgaA
• Thermo Fisher Scientific Inc.
• WeylChem International GmbH
• Haihang Group
• Others