Glyoxylic acid is an organic colorless chemical compound. It is a colorless liquid/solid that occurs naturally, and it has wide application across various industries. Glyoxylic acid is a highly reactive chemical compound and strong acid having two functional groups such as a carboxylic group and an aldehyde group. Due to its bi-functionality, glyoxylic acid is a versatile reagent in fine and organic chemical syntheses. Glyoxylic acid has a low melting point and high boiling point.
MARKET DYNAMICS
The global glyoxylic acid market size is expected to gain market growth in the forecast period. Glyoxylic acid is widely used as a neutralizing agent in the personal care industry hence, demand for glyoxylic acid is gaining a lot of significance since the past few years from the personal care segment. Owing to the rise in skincare products, various smaller manufacturers have ventured into the marketplace to avail of the benefits of the continuously thriving industry. The increasing demand for glycolic acid in boiler cleaning application under the industrial sector is the major factor driving the market demand. This scenario is in turn expected to boost the market demand. However, the limited application and market consolidation in some regions across the globe are anticipated to hampering the glyoxylic acid market growth in the Forecast period.
MARKET SCOPE
The "Global Glyoxylic Acid Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glyoxylic acid market with detailed market segmentation by form and application. The global glyoxylic acid market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading glyoxylic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global glyoxylic acid market is segmented based on form and application. Based on form the market is segmented into powder and liquid. Based on application, the market is divided into personal care and cosmetics, pharmaceutical, agrochemicals, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glyoxylic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The glyoxylic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glyoxylic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glyoxylic acid market in these regions.
MARKET PLAYERS
The report covers vital developments in the glyoxylic acidmarket as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the glyoxylic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for glyoxylic acid in the global market. Below mentioned is the list of few companies engaged in the glyoxylic acidmarket.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glyoxylic acid market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Xinjiang Guolin New Materials Co., Ltd
- Merck KGaA
- Zhonglan Industry Co., Ltd
- Akema S.r.l.
- Thermo Fisher Scientific
- TCI Chemicals Pvt. Ltd
- STAN Chemical Co., Ltd
- Hubei Hongyuan Pharmaceutical Technology Co., Ltd
- China Petrochemical Corporation
- The Chemours Company