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Glyoxal Market Size 2019-2025 Expected Developments to be observed worldwide

Author : Ronak Bora | Published Date : 2019-06-05 

The demand for Global glyoxal market size is anticipated to be high for the next five years. By considering this demand we provide latest industry report which gives complete industry analysis, market outlook, size, growth and forecast till 2024. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Glyoxal Market size is anticipated to grow with a high CAGR by 2024. As per the OECD guidelines 303A & 301C-E, glyoxal has been approved as environment-friendly for it its biodegradable characteristics. On account of the versatile characteristics exhibited by glyoxal, the market is certain to witness substantial growth for various applications. Growing demand for glyoxylic acid production will propel the glyoxal market growth. Glyoxylic acid, a vital derivative, has been widely used in several industries including: agrochemicals, pharmaceuticals, etc.

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Glyoxal usage in textile production entails soft & wrinkle free textiles thereby resulting in an efficient production. The textile industry will mark substantial demand for the product as a crosslinker for decreasing the uptake of water in the crosslinking cellulose and thus, cellulosic swelling could be avoided. Glyoxal will have robust demand from the oil & gas sector by 2024, as it plays vital role in increasing the viscosity of fracturing fluids as a crosslinker and in gas sweetening processes as sulfur scavenger.

Based on the purity, glyoxal market size can be classified into: pure grade with 40% or more concentration, and the raw grade with less than 40% concentration. The pure grade is expected to witness higher demand over the forecast period.

Based on the application segments, global glyoxal market segmentation can be viewed as: textile, paper, oil & gas, leather, personal care, resin manufacturing and others. Increasing consumer spending in personal care and hygiene products such as moisturizers, sunscreen creams, etc. will boost the industry in the next 7 years. Resin manufacturing segment will also observe strong demand for glyoxal for its broad range of applicability.

Based on the regions, the glyoxal market can be classified into: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific is expected to lead the overall glyoxal industry demand by 2024. The extreme pace of industrialization has been driving the manufacturing activities in the region, amidst the rising needs of sanitation.

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The overall glyoxal industry is anticipated to exhibit fragmented nature with significant share contribution by key market players including: BASF SE, Eastman Chemical, Silver Fern Chemical, Clariant, Huntsman Corp., Formosa Plastics Group, INEOS, Shell Chemicals, SINOPEC, etc.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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