Press release
Glyoxal Market | Key players operating in the market include BASF SE, Merck KGaA, Thermo Fisher Scientific Inc., WeylChem International GmbH and Haihang Group
Glyoxal Market, Glyoxal
Browse 107 market data Tables and 34 Figures spread through 129 Pages and in-depth TOC on "Glyoxal Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/glyoxal-market-209953364.html
The glyoxal market size is projected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3%. Increasing demand for textiles owing to the growing population and rising buying power of customers drives the requirement for glyoxal. Furthermore, rapid industrial development demanding bulk quantity of chemicals also impacts positively on the glyoxal industry.
Based on application, the crosslinking segment accounts for the largest market share in the glyoxal market. Suitability of glyoxal for cross-linking of a wide range of molecules such as proteins, starch, and cellulose, among others, biodegradability, efficiency to crosslink, and compatibility of glyoxal in the spectrum of end-use industries including paper & textile, drives the demand for crosslinking operation of glyoxal. Government initiatives to reduce plastic packaging and approval from the FDA to use glyoxal as a component of non-alcoholic food packaging solutions necessitates the use of paper and other biodegradable substances for packaging, ultimately increasing demand for glyoxal.
For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=209953364
The glyoxal market size is projected to grow from USD 265 million in 2019 to USD 326 million by 2024, at a CAGR of 4.3%. The major drivers for the glyoxal industry include a rise in disposable income & changing lifestyle, and growing intermediate use in chemical, pharmaceutical, and agriculture industry. In addition, increasing usage in food & beverage packaging is also driving the market for glyoxal.
Glyoxal is used in diversified end-use industries such as textile, derivatives, paper, oil & gas, cosmetic/personal care, leather, and others. Companies such as BASF SE (Germany), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (US), WeylChem International GmbH (Germany) and Haihang Group (China) operating in the glyoxal market have adopted both organic and inorganic growth strategies such as merger & acquisition, and investment & expansion to serve their customers efficiently and increase their market shares.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209953364
BASF (Germany) has a strong foothold in the glyoxal market. The company has a strong product portfolio of glyoxal, which finds application in textile, paper, leather, cosmetics, oil & gas, healthcare, wood, and derivatives, among others. The company operates through its single largest production site in Germany and has extensive sales & distribution infrastructure, which helps in attaining economies of scale. It focuses on offering solutions to diversified end-use industries. For example, BASF has its world-scale production facility in Germany, which has a production capacity of 60,000 tons. The company caters to its customers through its local sales channels and customer service teams based in all regions. BASF has backward-integrated operations and strategic and long-term contracts in the glyoxal value chain, which helps it deliver efficiently to its various end-use customers.
Merck (Germany) is another major player operating in the market. The company has a strong global presence and offers glyoxal for end-use industries, including pharmaceutical, cosmetics, and electronics. The company is focusing on inorganic growth strategies of merger & acquisition for increasing its geographical footprints and strengthen product portfolio and hence, widening its presence in various regions such as South America and Middle East & Africa and increasing its revenue. In November 2015, Merck acquired Sigma Aldrich, a chemical, life science, and biotechnology company. This market consolidation activity assisted in significantly enhancing its position in glyoxal market at a global level.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/glyoxal.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/glyoxal-market.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glyoxal Market | Key players operating in the market include BASF SE, Merck KGaA, Thermo Fisher Scientific Inc., WeylChem International GmbH and Haihang Group here
News-ID: 1871480 • Views: …
More Releases from MarketsandMarkets
Research Antibodies & Reagents Market Worth $16.2 Billion | MarketsandMarkets
Research Antibodies & Reagents Market in terms of revenue was estimated to be worth $11.8 Billion in 2023 and is poised to reach $16.2 Billion by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The rise in outsourcing is a positive development for the research antibodies and reagents market. By outsourcing the development and production of antibodies and reagents, companies…
Analytical Standards Market worth $2.1 billion by 2028
Analytical Standards Market in terms of revenue was estimated to be worth $1.5 Billion in 2023 and is poised to reach $2.1 Billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a new report by MarketsandMarkets. Factors such as growth in the applications of analytical techniques in proteomics & metabolomics and the rising public concerns related to optimal food safety & quality are high…
Biopsy Devices Market worth $12.6 billion by 2028
Biopsy Devices Market in terms of revenue was estimated to be worth $6.6 billion in 2023 and is poised to reach $12.6 billion by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a new report by MarketsandMarkets. The major factors driving the growth of this market include Progress in medical technology has resulted in the creation of increasingly accurate and less invasive biopsy instruments, thereby…
More Releases for Glyoxal
Glyoxal Market Size, Share, Value, and Competitive Landscape 2020-2027
Rise in demand for oil & gas across the globe is expected to boost the demand for glyoxal. Glyoxal used as a cross-linker and increases the thickness of the fracturing fluid to release oil. The oil & gas industry garners largest share in terms of demand.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb…
Glyoxal Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Glyoxal market analysis and elaborate the industry coverage, current market competitive status, and market outlook and forecast by 2025. Moreover, it categorizes the global Glyoxalmarket by key players, product type, applications and regions,etc.
The main objective of this market research is to help the readers understand the structure of Glyoxalmarket, market definition, overview, industry opportunities and trends, investment strategy with forceful…
Keen Insight for Glyoxal Market Trend by 2027
Keen Insight for Glyoxal Market Trend by 2027
The Glyoxal market research in this report provided by Global Market Monitor includes historical and forecast market data, consumer demand, application segmentation details, and price trends. This report also provides a detailed overview and data analysis of major Glyoxal companies during the forecast period.
Glyoxal is used in a variety of industries, including textiles, paper, agrochemicals, oil and gas, leather, cosmetics, agrochemicals and…
Glyoxal Market: Global Outlook and Forecast Based on Upcoming Trends Analysis
Glyoxal is an organic compound that belongs to the aldehyde group, with IUPAC name Oxaldehyde. It is yellow in color and available in liquid form at normal temperature. Upon evaporation, glyoxal appears as a green colored gas. Glyoxal, also known as dialdehyde, is derived from ethylene glycol. The structure of glyoxal is as complex as the molecules of compound hydrates and oligomerizes.
Based upon product type, the glyoxal market can be…
Global Glyoxal Market Expected to Witness a Sustainable Growth over 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Glyoxal market.
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 Market - to Record an Exponential CAGR by 2025
Glyoxal is an organic compound that belongs to the aldehyde group, with IUPAC name Oxaldehyde. It is yellow in color and available in liquid form at normal temperature. Upon evaporation, glyoxal appears as a green colored gas. Glyoxal, also known as dialdehyde, is derived from ethylene glycol. The structure of glyoxal is as complex as the molecules of compound hydrates and oligomerizes.
Read report overview at: https://www.transparencymarketresearch.com/glyoxal-market.html
Based upon product type, the…
