Global Global Glyoxal Market by Application (Cosmetics, Leather, Textile, Paper Packaging, Resin & Polymers, Oil & Gas) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global glyoxal sales surpassed USD 1.30 billion in 2015. The global glyoxal industry will continue to grow, especially in emerging economies such as the Middle East and Africa.

Because of its low moisture retention, the chemical is widely used in paper and food packaging. Future demand will be positively affected by the shift to packaged food due to our fast-paced lives. It is used in the textile industry as a cross-linking agent with cellulose to prevent cellulosic swelling. This allows for increased production, which results in soft and wrinkle-free textiles.

The oil & gas industry trends are expected to have a significant impact on the industry's growth dynamics. The oil & gas companies have made huge investments in E&P activities in countries such as Nigeria and South Africa, which is expected to boost demand. Glyoxal's key functions include oil recovery and gas sweetness, which are essential in making oil and gas usable according to end-use requirements.

Glyoxal, which has a dissolved organic carbon content of over 90%, is considered an environment-friendly according to OECD guidelines 301C–E & 303A. It can be used to resist reactive dyes printing and as an agent for leveling in the dyeing of polyamide with acid dyes. This broad application area has opened up new opportunities for market players in terms of innovation.

Asia Pacific is a region that offers tremendous growth potential for the industry. Demand will be driven by factors such as rapid industrialization, urbanization, and other factors. Industrialization has led to a rise in manufacturing activity in the region. Urbanization has also created the need for better public services like sanitation. It is widely used for industrial purposes such as fillers and intermediates, solids separation agents, and odor agents. It is a common ingredient in water treatment products.

Glyoxal can be used in many industries, including paper, textile, paper, agrochemicals and oil & gas. Glyoxylic acid production will see a rise in demand. Glyoxylic Acid, a key derivative of the product, is widely used in many industries, including pharmaceuticals and agrochemicals.

Application Insights

Oil and gas was the largest application sector, accounting for 30.4% overall volume in 2015. Glyoxal can be used in a variety of applications, including as a cross-linker to oil recovery and as a sulfur scavenger for gas sweetening. Due to the recent drop in crude oil prices due to shale gas discovery in North America, there has been an increase in oil refining activities. Glyoxal applications will be dominated by advanced economies like the U.S. and Canada. A rising demand for oil products in the various end-use sectors in China, India Thailand, Vietnam, South Korea and other Southeast Asian nations has also led to an increase in energy consumption in these emerging economies.

The 16.7% share of overall volume was held by resins and polymers in 2015. They are expected to hold a larger share by 2024. This chemical is used as a cross-linking agent for various polymerization processes. It is becoming more important in cross-linking and masking nucleophiles like sulfites and amides, amino and hydroxy groups.

Glyoxal is used as a building block or crosslinking agent for textiles to create softer, more wrinkle-free clothes. Glyoxal is being used in emerging textile industries across Asia Pacific due to its sustainable and biodegradable nature. Glyoxal has significant potential to be used as an alternative to aldehydes. It is expected to grow in market share due to its unique product characteristics.

Due to increasing land-fill problems and the non-biodegradability common plastic packaging materials, the global paper packaging market has seen a boom in recent years. Plastic packaging is being replaced with more eco-friendly alternatives like paper due to slow degradation, high prices and rising consumption of individual consumer goods.

Regional Insights

The Asia Pacific glyoxal industry accounted for more than 65% of global volume share in 2015. The region's growth is expected to be driven by rising demand from key industries like paper, textile, oil & gas, and other end-use sectors. Due to the huge demand from cosmetic manufacturers for moisturizers, sun creams, and lotions, the region will continue its dominance in 2024.

North America is expected to grow at a 7.5% CAGR between 2016 and 2024. The region is expected to see increased activity in oil and gas exploration, as well as strong demand from the packaged foods industry. Glyoxal has wide applications in the end-use industries of agrochemicals, pharmaceuticals, and this will benefit North American industry dynamics.

Europe's market growth will be driven by the increasing demand for end-use products such as leather, adhesives and paper packaging. This is in addition to the recovery of economic growth. Another key driver for regional market growth is the increasing use of glyoxal in the production and processing of glycolic acid, which serves as an intermediate for agrochemicals such as antibiotics, vanillin and allantoin.

Glyoxal is expected to grow in demand in the Middle East and Africa due to the region's rapid growth in construction. Due to rising domestic prices, and lower consumer spending, Central & South America will experience a slowdown in growth in the next few years.

Global Glyoxal Market Share Information

Global glyoxal markets are dominated by multinational corporations like BASF, Silver Fern Chemical and Eastman Chemical, Dow Chemical Co.., Huntsman Corp.. Formosa Plastics Group., INEOS. ME Global B.V. Shell Chemicals. Reliance Industries. SINOPEC. Clariant.

High-level integration is possible from corporations like BASF and ME Global B.V. because they are involved with raw material production as well as a strong distribution network. This makes them fully integrated throughout the value chain.

Global Glyoxal Market Report Scope

These are the most frequently asked questions about this report

b. Global glyoxal markets were valued at USD 1.77 Billion in 2019, and are expected to grow to USD 1.90 Billion by 2020.

b. Global glyoxal markets are expected to expand at a compound annual rate of 7.7% between 2016 and 2024, reaching USD 2.59 billion in 2024.

b. With a market share of 66.5%, Asia Pacific was the dominant glyoxal market in 2019, This can be attributed to the rising demand from key industries like paper, textile, and oil & Gas.

b. ASF, Silver Fern Chemical and Eastman Chemical are some of the key players in the glyoxal marketplace.

b. The market growth is driven by the growing demand for end-use products such as oil and gas, paper packaging, and textiles, especially in emerging economies like Asia Pacific and Middle East & Africa.

Up Market Research published a new report titled “Global Glyoxal Market research report which is segmented by Application (Cosmetics, Leather, Textile, Paper Packaging, Resin & Polymers, Oil & Gas), By Players/Companies ME Global BV, ASF, Eastman Chemical, Silver Fern Chemical, Clariant, Huntsman Corp, SINOPEC, Shell Chemicals, Formosa Plastics Group, INEOS, Alberta & Orient Glycol and Nan Ya Plastics Corp, Dow Chemical Co, Reliance Industries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Global Glyoxal Market Report Segments:

The market is segmented by Application (Cosmetics, Leather, Textile, Paper Packaging, Resin & Polymers, Oil & Gas).

Global Glyoxal Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Global Glyoxal Market

Overview of the regional outlook of the Global Glyoxal Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Global Glyoxal Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Global Glyoxal Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Cosmetics

                2. Leather

                3. Textile

                4. Paper Packaging

                5. Resin & Polymers

                6. Oil & Gas

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Global Glyoxal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Global Glyoxal Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.