Glyoxal Market Analysis, Region & Country Revenue Share, & Forecast Till 2027

 

Glyoxal Market

The global glyoxal market is expected to reach USD 358.0 Million by 2027, according to a new report by Reports and Data. Glyoxal is a chemical raw material that finds application in several end-user industries, primarily owing to its environment-friendly characteristic. Glyoxal finds widespread usage in the textile industry as a chemical agent for the treatment of fibers such as cotton and nylon to increase the spinning, reduce fiber shrinkage improve the anti-wrinkle property, and durability. Also, textile finishes and coated paper deploy a substantial quantity of glyoxal to function as a cross-linking agent for formulation based on starch. The textile industry is a significant consumer of glyoxal as a crosslinker to reduce the absorption of water cellulose, and therefore, swelling of cellulose could be prevented.

Glyoxal finds widespread usage as a synthetic preservative in the cosmetics and personal care ingredients. The chemical is an anti-microbial preserving agent that functions by producing formaldehyde in the beauty care products.  It is deployed in cross-linking hydrocolloids for better viscosity of cosmetics. Moreover, glyoxal is preferred as an alternative to formaldehyde in certain resins attributed to its ability to provide clear adhesive resins and consequently giving the same look as wood panels bonded with UF (urea-formaldehyde), MF (Melamine-formaldehyde) and MUF (melamine urea-formaldehyde).

COVID-19 Impact

The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for chemicals is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of chemicals in the end-user industries is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.

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The report also provides insightful information about how the Glyoxal market will progress during the forecast period 2021-2028.
The report offers intricate dynamics about the different aspects of the Glyoxal market, which aids companies operating in the market in making strategic development decisions.

This study also elaborates on the significant changes that are highly anticipated to configure the growth of the Glyoxal market, during the forecast period.


It also includes a key indicator assessment to highlight the growth prospects of the Glyoxal market and estimate statistics related to the market progress in terms of value (USD Million) and volume (Thousand Units)

The study covers a detailed segmentation of the Glyoxal market, along with key information and a competitive outlook. The report mentions the company profiles of key players currently dominating the Glyoxal market, wherein various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail.

Key participants include Thermo Fisher Scientific Inc., Onichem, BASF SE, Merck KGaA, Amzole India Pvt. Ltd., Tokyo Chemical Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Haihang Group, Toronto Research Chemicals, WeylChem International GmbH, and Novochem, among others.

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Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Crosslinking

Intermediate

Others

Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Online

Offline

Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Textile

Leather

Resins & Polymers

Cosmetics

Paper & Packaging

Oil & Gas

Pharmaceutical

Others

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Key Questions Answered in This report on the Glyoxal Market
The report provides detailed information about the Glyoxal market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Glyoxal market, so as to help them formulate successful strategies and take target-driven decisions.

How are key market players successfully earning revenue out of the advantages of the product?

What will be the Y-o-Y growth of the Glyoxal market between 2021 and 2028?

What are the winning imperatives of market frontrunners in the Glyoxal market?

Which end-user is expected to undertake maximum adoption of the product during the forecast period?

Research Methodology – Glyoxal Market
The research methodology adopted by analysts to compile the Glyoxal market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Glyoxal market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the Glyoxal market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, and import and export data of major countries of the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Glyoxal market.

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