Press release
Global Glyoxal Market Expected to Witness a Sustainable Growth over 2023
Glyoxal is an organic compound with the formula OCHCHO. It is a transparent liquid sometimes with light yellow color. Glyoxal is the smallest dialdehyde (two aldehyde groups). Glyoxal is an intermediate product that is mainly used as cross-linking agent in numerous industries, e.g. textiles, leather, paper, disinfectants, adhesives or constructions. Through its chemical reactivity, Glyoxal is a versatile starting material for various chemical syntheses.
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Global Glyoxal Market: Forecast by Type / Application / Region
For industrial production, Glyoxal is produced as 40% water solution all over the world. Consequently, the statistics of our survey refers to the Glyoxal 40% instead of pure Glyoxal product.
For industry structure analysis, the Glyoxal industry is concentrated. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry, but the top six producers account for more than 70% of the market. Regionally, China is the biggest production area of Glyoxal, also the leader in the whole industry. Europe and USA also produce large amount of Glyoxal per year. BASF is the leading player in EU, while Hubei Hongyuan leads China market.
For price trend analysis, a major factor that influences price fluctuation is the raw material price. The major raw materials, both Ethylene Glycol and Acetaldehyde are petroleum chemical products. The price of crude oil greatly influences the price of Ethylene Glycol and Acetaldehyde, thus affects the price of Glyoxal. As the price of crude oil has been trending down since 2014, the price of Glyoxal has declined as a result of that factor. It is expected the price of Glyoxal would still decrease a little due to the situation of current crude oil market.
Over the next five years, LPI(LP Information) projects that Glyoxal will register a 1.8% CAGR in terms of revenue, reach US$ 260 million by 2023, from US$ 230 million in 2017.
Global Glyoxal Market: Key Players
BASF
Emerald Performance Materials
WeylChem Group
Amzole
Hubei Hongyuan
Huayi
Fengchi Chemical
Taicang Guangze Chemical
Luotian Guanghui Chemical
Jin Yimeng
Natural Pharmaceutical
Jinweikang Chemicals
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Related Information:
United States Glyoxal Market Research Report 2018
Europe Glyoxal Market Research Report 2018
North America Glyoxal Market Research Report 2018
Asia-Pacific Glyoxal Market Research Report 2018
China Glyoxal Market Research Report 2018
EMEA Glyoxal Market Research Report 2018
Global Glyoxal Market Research Report 2018
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