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Glyoxal Market Revenue Growth, Key Factors, Major Companies, Forecast To 2027 | Top Key Players Thermo Fisher Scientific Inc., Onichem, BASF SE, Merck KGaA, Amzole India Pvt. Ltd.,etc

09-09-2021 04:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports and Data

Glyoxal Market

Glyoxal Market

The global glyoxal market is expected to reach USD 358.0 Million by 2027, according to a new report by Reports and Data. Glyoxal is a chemical raw material that finds application in several end-user industries, primarily owing to its environment-friendly characteristic. Glyoxal finds widespread usage in the textile industry as a chemical agent for the treatment of fibers such as cotton and nylon to increase the spinning, reduce fiber shrinkage improve the anti-wrinkle property, and durability. Also, textile finishes and coated paper deploy a substantial quantity of glyoxal to function as a cross-linking agent for formulation based on starch. The textile industry is a significant consumer of glyoxal as a crosslinker to reduce the absorption of water cellulose, and therefore, swelling of cellulose could be prevented.

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Glyoxal finds widespread usage as a synthetic preservative in the cosmetics and personal care ingredients. The chemical is an anti-microbial preserving agent that functions by producing formaldehyde in the beauty care products. It is deployed in cross-linking hydrocolloids for better viscosity of cosmetics. Moreover, glyoxal is preferred as an alternative to formaldehyde in certain resins attributed to its ability to provide clear adhesive resins and consequently giving the same look as wood panels bonded with UF (urea-formaldehyde), MF (Melamine-formaldehyde) and MUF (melamine urea-formaldehyde).

COVID-19 Impact

The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for chemicals is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of chemicals in the end-user industries is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.

The report additionally evaluates the manufacturers of the market with respect to market size and share, distribution, sales network and distribution channels, global position, recent research and development activities, and product portfolio among others to offer a competitive edge to the readers. The report also sheds light on the recent mergers and acquisitions, joint ventures, collaborations, and partnerships happening in the market that are significantly influencing the revenue growth. The competitive landscape section also covers SWOT analysis and Porter’s Five Forces analysis to provide better insights into the competition in the market. The companies dominating the global Glyoxal market with largest shares are Thermo Fisher Scientific Inc., Onichem, BASF SE, Merck KGaA, Amzole India Pvt. Ltd., Tokyo Chemical Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Haihang Group, Toronto Research Chemicals, WeylChem International GmbH, and Novochem, among others.

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The report also evaluates the regions of the market with regards to the market size, share, volume, value, production and consumption patterns, supply and demand dynamics, trends, consumer demands, and the existence of key players in major geographical regions of the world. It also covers a country-wise analysis to provide better insights into the market growth and upcoming growth opportunities. The key regions assessed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Crosslinking

Intermediate

Others

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Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Online

Offline

Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)

Textile

Leather

Resins & Polymers

Cosmetics

Paper & Packaging

Oil & Gas

Pharmaceutical

Others

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Thank you for reading our report. Customization of this report is available as per the client’s needs. Kindly connect with us to know more and our team will ensure the report is well suited to meet your requirements.

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