The global Glyoxal market stood at approximately 3600 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5.8% during the forecast period until 2034.
Glyoxal plays a multifaceted role across industries, serving as a versatile compound with diverse applications. In the textile sector, it functions as a crosslinking agent or a foundational component for crosslinkers, contributing to the production of softer textiles with reduced wrinkling. Similarly, in the paper industry, glyoxal acts as a crosslinking agent or building block for crosslinkers, enhancing both the wet and dry strength of paper products, including toilet paper and recycled paper, while also serving as an efficient additive in paper coatings to produce high-quality papers. In the oil and gas sector, glyoxal acts as a scavenger for hydrogen sulfide (H2S) and is utilized in crosslinking polymers, particularly hydrocolloids, offering anti-corrosive properties and enhancing viscosity in oil-drilling fluids, thus promoting workplace safety. Furthermore, its biocidal properties make it valuable in disinfection formulations, where it serves as an active ingredient alongside compounds like glutaraldehyde, making it effective for disinfectants used in healthcare and veterinary hygiene. In leather processing, glyoxal aids in crosslinking, preserving the quality of leather products. It also finds application in cosmetics for crosslinking polymers, particularly hydrocolloids, to increase viscosity in emulsions. Additionally, glyoxal serves as a foundational component for specific epoxy applications, ensuring higher stability and performance of epoxy formulations. Its role extends to wood hardening, where it acts as a crosslinking agent or a foundational component for crosslinkers, aiding in wood curing and providing protection against moisture. Moreover, glyoxal serves as a raw material and intermediate for various compounds, including glyoxylic acid and imidazoles.
The glyoxal market is significantly influenced by various drivers and trends across industries. Firstly, the expanding textile sector, particularly in emerging economies, propels the demand for glyoxal, utilized as a crosslinking agent to impart wrinkle-resistant and durable properties to fabrics, meeting consumer expectations for high-quality textiles. Additionally, the surge in paper consumption globally, driven by the packaging and printing industries, boosts the demand for glyoxal as a wet-strength resin, reinforcing paper products like tissue paper and cardboard. Moreover, the oil and gas industry's increasing reliance on glyoxal as a hydrogen Sulfide scavenger further amplifies its demand amidst the continuous expansion of oil and gas exploration activities worldwide. Furthermore, the cosmetics industry's adoption of glyoxal as a crosslinking agent in various formulations, aligns with the rising demand for cosmetic goods driven by evolving consumer preferences and heightened awareness of personal grooming practices. These drivers and trends collectively shape the glyoxal market, positioning it for continued growth and diversification across multiple sectors in the foreseeable future. The global Glyoxal market is likely to reach approximately 6800 thousand tonnes in 2034.
Based on region, Asia Pacific region is anticipated to dominate as the largest consumer of Glyoxal globally due to various reasons. The rapidly growing demand for Glyoxal in this region, fuelled by surging demand of glyoxal by abundant number of textile & pulp manufacturers in developing nations like India and China is likely propel the global Glyoxal market. Additionally, the expanding food and beverage sector, driven by a large and affluent population also has positive effects on market. Furthermore, the region's booming cosmetics and personal care market, driven by changing consumer preferences and increasing disposable incomes, is another parameter. Moreover, the Asia Pacific's status as a major manufacturing hub for cosmetics, and personal care products further drives demand for Glyoxal, making it a pivotal ingredient in the region's production processes.
Based on the end-user industry, the global Glyoxal market is divided into Textile, Paper, Oil & Gas, Cosmetics & Personal Care, and Others. Among these, Textile industry is the dominating segment and held about 35% of the global Glyoxal market in 2023 and is anticipated to prevail the similar trend in the upcoming years.
Major players in the Global Glyoxal market are BASF SE, Silver Fern Chemical Inc., Eastman Chemical Company, The Dow Chemical Company, Huntsman Corporation, Formosa Plastics Corporation. Royal Dutch Shell plc, Amzole India Private Limited, Hubei Hongyuan Pharmaceutical Technology Co., Ltd., Zhonglan Industry Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Glyoxal which covers production, demand and supply of Glyoxal market in the globe.
• To analyse and forecast the market size of Glyoxal
• To classify and forecast Global Glyoxal market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Glyoxal market in the globe.
To extract data for Global Glyoxal market, primary research surveys were conducted with Glyoxal manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Glyoxal market over the coming years.
ChemAnalyst calculated Glyoxal demand across the globe by analyzing the volume of Glyoxal consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Glyoxal manufacturers and other stakeholders
• Organizations, forums, and alliances related to Glyoxal distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Glyoxal manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Glyoxal market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
3600 thousand tonnes
Market size Volume in 2034
6800 thousand tonnes
Growth Rate
CAGR of 5.8% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Textile, Paper, Oil & Gas, Cosmetics & Personal Care, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Glyoxal in terms of volume in 2023?
Ans:
The global market size of Glyoxal has reached approximately 3600 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Glyoxal?
Ans:
Textile industry is the leading end-user industry of Glyoxal globally.
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