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Global Glyoxal Market Showcases Potential Growth, Share, Demand and Analysis of Key Players( BASF SE, AMZOLE INDIA PVT. LTD., Zhonglan Industry Co.,Ltd., Huntsman Corporation, SILVER FERN CHEMICAL INC., Astro Chemicals, Inc., Hubei Hongyuan Pharmaceutical
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Glyoxal is an organic compound that belongs to the aldehyde group and has the chemical formula OCHHO (CAS Number: 107-22-2). Its IUPAC name is Oxaldehyde. It is yellow in color and is available in liquid form at normal temperatures and is highly reactive in nature. Glyoxal can be prepared by oxidizing ethanol or acetaldehyde with nitric. Glyoxal, owing to its versatile properties, is widely employed in various applications and as an intermediate in several industries, such as oil & gas, packaging, paper and textile & leather industries, along with oil & gas industries. Owing to its low moisture retention characteristic, glyoxal is also used in food packaging and paper manufacturing. In the textile industry, glyoxal is used as a cross-linking agent with cellulose to avoid cellulose swelling, thereby enhancing product quality and resulting in soft and wrinkle-free textiles. In the oil & gas industry, glyoxal is an important chemical intermediate that enhances oil recovering and an efficient solution for scavenging applications, such as sulfide scavenging in gas sweetening, etc. Furthermore, according to the OECD guidelines, glyoxal is considered to be an environment-friendly compound owing to its biodegradable nature.
Glyoxal Market: Market Dynamics
The glyoxal Market is expected to witness significant growth in near future. The boom in demand for glyoxal from various end-use industry, such as textile, oil & gas, paper and packaging, is expected to be one of the key drivers set to augment the market in the near future. Furthermore, owing to increasing environmental concerns and increasing preference for paper packaging over polymer food packaging are the two factors expected to drive the growth of glyoxal market over the forecast period.
Besides known applications, glyoxal will show significant potential for new applications, some of which are still in the early stages of development. For instance, glycol shows high potential in the substitution of aldehydes, e.g. formaldehyde or glutaraldehyde. Further, prominent players are investing in research and development activities. For example, BASF is working on formulating a Glyoxal disinfect for co-biocide applications.
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Glyoxal Market: Segmentation
On the basis of application, the global glyoxal market can be categorized as:
Cross-Linking Polymer
Sulfur Scavenger
On the basis of end-use industry, the global glyoxal market can be categorized as:
Oil & Gas
Textile
Paper & Packaging
Leather
Personal Care
Others
Glyoxal Market: Key Participants
Examples of some of the market participants operating in the global glyoxal market are as follows:
BASF SE
Eastman Chemical Company
Astro Chemicals, Inc.
AMZOLE INDIA PVT. LTD.
Zhonglan Industry Co.,Ltd.
Huntsman Corporation
SILVER FERN CHEMICAL, INC.
Hubei Hongyuan Pharmaceutical technology Co.,Ltd.
The Nippon Synthetic Chemical Industry Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
For Further Insights and Segment-Specific Information, Contact a Market Analyst at: https://www.factmr.com/connectus/sample?flag=AE&rep_id=880
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