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Pulished Date September, 2021
ID: 12096
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Glyoxal Market Segmentation By Application (Intermediates, Crosslinking, and Others); By End User (Paper, Oil & Gas, Textile, Derivatives, Cosmetic/Personal care, Leather and Others); and Region - Industry Forecast of 2021 to 2026

Pulished: September, 2021
ID: 12096
Pages: 180

Global Glyoxal Market Value & Growth Rate:

The Global Glyoxal Market size is anticipated to grow from US$ 266 million in 2021 to US$ 327 million by the end of 2026, increasing at a CAGR of 4.4% during 2021 and 2026. 

Global Glyoxal Market Scenario:

The increasing demand for disposable income and changing lifestyle, and the rising demand for the pharmaceuticals, agrochemicals, textiles, agriculture industry, and sustainable packaging in the developing nations are the main factors that attribute the highest global Glyoxal market growth during the forecast period. India, Brazil, China, Vietnam, and South Africa are anticipated to have the massive consumption of Glyoxal during 2021-2026 owing to the growing population and usage of the chemical as an intermediate. Glyoxal applications include intermediates, cross-linking, and others have the highest market growth due to the increasing disposable income. In addition, most of the end-users, such as paper, oil & gas, textile, derivatives, cosmetic/personal care, leather, and some others, were demanding more Glyoxal, which further boosts the global Glyoxal market during the forecast period.

Global Glyoxal Market Drivers:

The global Glyoxal market attributes a significant growth in recent years owing to the increasing demand for Glyoxal by the end-user such as pharmaceuticals, agriculture, and chemicals industries because Glyoxal can be primarily used as an intermediate. In addition, the increasing usage of Glyoxal in the food and beverage industry, rising disposable income, and changing lifestyle in the developing nations are the primary key factors that fuel the global Glyoxal market growth during the foreseen period. Glyoxal is termed as an organic compound that falls under OCHCHO chemical formula. Glyoxal is a compound that combines with only two groups of aldehyde, and further, it is named as smallest dialdehyde. Glyoxal, a crystalline compound, is changed to white at low temperatures and yellow at melting point.

Apart from other aldehydes, Glyoxal also forms hydrates. Therefore, it is anticipated that Glyoxal primarily exists as a monomer or hydrates. In detail, Glyoxal is produced from the oxidation of acetaldehyde with selenious acid. Glyoxal is primarily used for cross-linking a wide variety of polymers such as cellulose, starch, polyacrylamide, proteinaceous material, and polyvinyl alcohols. It is used as a biocidal ingredient in disinfection applications, and it improves moisture resistance in the wood hardening application. Glyoxal is an important chemical raw material that is environmentally friendly. Therefore, its application field is pervasive. Glyoxal is utilized in textile industries because its fiber treating agent can raise the spinning of cotton, nylon, and some other fabrics. The Paper industry also demands a vast amount of Glyoxal since it can be used as a cross linker for starch-based formulations. Most probably, it is used as a solubilizer and cross-linking agent. Glyoxal can also be formed when cooking oil and fats are heated at massive temperatures. These are the essential factors that help in fueling the global Glyoxal market growth.

Global Glyoxal Market Restraints:

The price fluctuations of the raw materials, harmful effects of over-exposure to Glyoxal as it is a class 3 mutagen, and the relative inefficiency in sulfide scavenging operations are the significant factors that slow down the global Glyoxal market growth during the forecast period. Furthermore, the raw materials required to produce Glyoxal keep on changing and are volatile. Moreover, the availability of raw materials may also be responsible for the decreasing production of Glyoxal, which further hampers the global Glyoxal market growth. In addition, Glyoxal witnesses 40% of toxicity. Overexposure to Glyoxal may cause gastric irritation, respiratory tract irritation and may also damage the kidneys. 

Recent Developments in the Glyoxal Market:

  • BASF plans to build a new world-scale Glyoxal plant in Germany. It further added that the plant will produce methylglyoxal and have a capacity of 60000 tons per year. It is going to be replaced with the existing plant. 

  • On July 1st, 2021, Clariant announced establishing a joint venture with India Glycols for renewable ethylene oxide derivatives after successfully receiving regulatory approvals. Moreover, this venture would come under the name Clariant IGL Specialty Chemicals Private Limited.  

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2021 - 2026

CAGR

4.4%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

BASF, Silver Fern Chemical, Eastman Chemical, Dow Chemical Co., Huntsman Corp., Formosa Plastics Group, INEOS, ME Global B.V.

Glyoxal Market Segmentation:

By Application:

  • Intermediates
  • Crosslinking 
  • Others

Based on the application, Crosslinking application is anticipated to have the largest global Glyoxal market. The primary factors that uplift the growth of the cross-link segment include better efficiency in the tanning, excellent finishing properties in textile processing, hydrocolloids formation in cosmetic/personal care products, and improved wet strength in the paper. Moreover, the demand for Glyoxal cross-linking is anticipated to increase due to the growing demand for textiles, paper packaging, garments, footwear, and personal care products. 

By End User:

  • Paper
  • Oil & Gas
  • Textile
  • Derivatives
  • Cosmetic/Personal care
  • Leather
  • Others

Depending on end-users, oil & gas end-user tend to be dominant in the global Glyoxal market. Majorly, Glyoxal performs as a cross linker and escalates the viscosity of the fracturing fluid to let out oil. Thus, Glyoxal is majorly used for the recovery of oil. In addition, North America is estimated to experience an increase in oil refining activities which further increases the growth of the oil & gas sector. On the other hand, the paper packaging industry demands less Glyoxal owing to its moisture retention property.

Moreover, industries include textiles, cosmetics, leather, and personal care attributes significant growth in the upcoming years, increasing the demand for Glyoxal. Furthermore, the derivatives segment is estimated to be the fastest-growing in the global Glyoxal market owing to the increasing usage of chemicals include glyoxylate, imidazole, allantoin, methyl imidazole, metronidazole, and others, in which derivatives act as an intermediate. Thus, propelling the growth of the global Glyoxal market.  

Global Glyoxal Market Regional Analysis: 

The Global Glyoxal Market Report includes the segmentation of Regions:

  • Asia Pacific is projected to hold the largest global Glyoxal market share during the foreseen period owing to the increasing demand for textiles and chemicals in this region. Moreover, India and China's expanding population and industries drive the global Glyoxal market to have the maximum growth in the APAC region. 

  • North America is projected to grow with the highest global Glyoxal market CAGR due to increasing urbanization and government support for industries growth in the U.S. and Canada. 

  • The increasing oil and gas exploration activities coupled with rising demand from the food industry, mainly in Germany and U.K., further boost the global Glyoxal market to have steady growth in Europe

  • Middle East & Africa held the proper growth of global Glyoxal market due to increasing demand for textile and oil & gas industries.

  • Latin America

Impact of COVID-19 on Global Glyoxal Market:

The COVID-19, a novel coronavirus disease, has been spreading among a vast population across the globe. This made the people struck in the houses and stepped out if it is necessary. COVID-19 had made many of the firms close down and also made several people unemployed. The number of COVID cases has been increasing daily, and the government tends to impose a lockdown to curb the disease. The global Glyoxal market negatively impacted pre and post-COVID since most industries, including textiles, paper packaging, oil & gas, leather, cosmetic/personal care, and some others, were shut down. The manufacturing and the production process was paused during the pandemic. Moreover, due to travel bans and restrictions, most of the imports and exports have remained ideal. Therefore, the global Glyoxal market experiences a negative impact due to COVID-19 and is anticipated to have minimum growth amid the COVID crisis since the travel ban and lockdown is lifted.

Glyoxal Market Key Players:

The companies covered in the report include:

  1. BASF

  2. Silver Fern Chemical

  3. Eastman Chemical

  4. Dow Chemical Co.

  5. Huntsman Corp.

  6. Formosa Plastics Group

  7. INEOS

  8. ME Global B.V.

  9. Shell Chemicals

  10. Reliance Industries

  11. SINOPEC

  12. Nan Ya Plastics Corp.

  13. Clariant

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Glyoxal Market, By Application                          

                                6.1.1 Intermediates       

                                6.1.2 Crosslinking            

                                6.1.3 Others      

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Glyoxal Market, By End User                               

                                6.2.1 Paper        

                                6.2.2 Oil & Gas 

                                6.2.3 Textile      

                                6.2.4 Derivatives             

                                6.2.5 Cosmetic/Personal care    

                                6.2.6 Leather    

                                6.2.7 Others      

                                6.2.8 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.9 Y-o-Y Growth Rate Analysis              

                                6.2.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application       

                                7.2.3 By End User            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application       

                                7.3.3 By End User            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application       

                                7.4.3 By End User            

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application       

                                7.5.3 By End User            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application       

                                7.6.3 By End User            

8. Key Player Analysis                                    

                8.1 BASF                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Silver Fern Chemical               

                8.3 Eastman Chemical                   

                8.4 Dow Chemical Co.                    

                8.5 Huntsman Corp.                       

                8.6 Formosa Plastics Group                         

                8.7 INEOS                           

                8.8 ME Global B.V.                          

                8.9 Shell Chemicals                         

                8.10 Reliance Industries               

                8.11 SINOPEC                   

                8.12 Nan Ya Plastics Corp.                           

                8.13 Clariant                      

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Glyoxal Market By Region, From 2021-2026 ( USD Billion )

  2. Global Glyoxal Market By Application, From 2021-2026 ( USD Billion )

  3. Global Intermediates Market By Region, From 2021-2026 ( USD Billion )

  4. Global Crosslinking Market By Region, From 2021-2026 ( USD Billion )

  5. Global Others Market By Region, From 2021-2026 ( USD Billion )

  6. Global Glyoxal Market By End User , From 2021-2026 ( USD Billion )

  7. Global Paper Market By Region, From 2021-2026 ( USD Billion )

  8. Global Oil & Gas Market By Region, From 2021-2026 ( USD Billion )

  9. Global Textile Market By Region, From 2021-2026 ( USD Billion )

  10. Global Derivatives Market By Region, From 2021-2026 ( USD Billion )

  11. Global Cosmetic/Personal care Market By Region, From 2021-2026 ( USD Billion )

  12. Global Leather Market By Region, From 2021-2026 ( USD Billion )

  13. Global Others Market By Region, From 2021-2026 ( USD Billion )

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