Glyoxylic Acid Global Market 2018: Key Players – Akema Fine Chemicals, Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Stan Chemicals, WeylChem International GmbH

Global Glyoxylic Acid Market Information-by Derivative (p-hydroxyphenylglycine, DL-p—hydroxy phenylhydantoin, vanillin, 2- hydroxyl- phosphine acetic acid, and Others), by Application (Personal Care & Cosmetics Ingredient, Agrochemicals, Pharmaceuticals, Aromas, Polymers, and Others) and by Region - Forecast till 2023

Synopsis of Glyoxylic acid Market

Glyoxylic acid or Oxo-acetic acid is transparent organic solid compound. It occurs naturally or produced synthetically using glyoxal as a primary raw materials. Glyoxylic acid or its downstream products are used in variety of end-use industries. The prominent downstream products of glyoxylic acid include vanillin, p-hydroxyphenylglycine, 2- hydroxyl- phosphine acetic acid, among others.

En use industries of the global glyoxylic acid market comprises personal care & cosmetics ingredient, agrochemicals, pharmaceuticals, aromas, polymers, and others. The global market is driven by increasing demand in these end use industries. Among all such end use industries, personal care and food & beverage industries are prominently driving the demand of global market. Allantoin, a glyoxylic acid derivative, is used hair care and skin care products owing to its moisturizing and emulsifying properties. Increasing demand of hair care products such as straightening products, shampoos, conditioners, lotions, and hair creams is expected to drive the demand in personal care industry. On similar lines, increasing application of vanillin in aromas and flavors in food & beverage industry is another driving factor for the global market. Consequently, the global market is estimated to exhibit CAGR of 5.27% in order to reach USD 849.1 Mn by 2023 end.

Global Glyoxylic Acid Market Share, by Derivative (%) (2016)

Among all the derivatives, allantoin and vanillin segments accounted more than half of the overall glyoxylic acid consumption. This is attributed to their prominent use in personal care and food & beverage industries, respectively. In 2016, allantoin segment accounted for approximate value share of 28.9% in the overall market.
Regional Analysis

Among all the regions, Asia-Pacific is the estimated to be the largest region in terms of consumption and production of glyoxylic acid. China is specifically driving the production and consumption of glyoxylic acid. Haihang Industry Co. Ltd is one of the major players in china having significant share in the global glyoxylic acid production capacity. Moreover, global non-Chinese players such as Akema Fine Chemicals have expanded their presence in China in order to serve growing demand in the country. Asia Pacific is followed by North America and Europe in terms of consumption.
Segmentation

The global glyoxylic acid market is majorly segmented on the basis of derivatives, application and region. Based on derivatives of glyoxylic acid the market is segmented into p-hydroxyphenylglycine, DL-p—hydroxy phenylhydantoin, vanillin, 2- hydroxyl- phosphine acetic acid, and others (diphenylacetic acid etc.). Based on application the market segmented into personal care & cosmetics ingredient, agrochemicals, pharmaceuticals, aromas, and others. The others segment include electroless copper plating, water purificant, etc. Moreover, based on region market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Key Findings

The market is estimated to grow owing to increasing demand from downstream products owing to increasing demand from application namely, personal care, pharmaceutical and aromas industry. Allantoin as a derivative has acquired the largest market share with market share of 28.9% in 2016 and expected exhibit CAGR of 6.14%. The allantoin segment is followed by vanillin and p-hydroxyphenylglycine. The cumulative share of those two derivatives in the overall market in 2016 was more than 50%. Country wise, China is largest producer and consumer of glyoxylic acid. China accounts for more than 50% in terms of production in overall glyoxylic acid market.

Key Players

Key players of the global glyoxylic acid market are Akema Fine Chemicals, Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Stan Chemicals, WeylChem International GmbH, Zhonglan Industry Co, Haihang Industry Co. Ltd, and Zhonghua Chemical among others.
Geographic Analysis

The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o Netherlands
o U.K.
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Turkey

Intended Audience
• Glyoxylic Acid manufacturers
• Traders and distributors of Glyoxylic Acid
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
DC –Description
• Oxoacetic Acid
• Hair Smoothening
• glycol Antifreeze
• Tetraphenylporphyrin
• Phosphine Acetic Acid
• Neutralizing Agent

The report about Global Glyoxylic Acid Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.

Table of Contents

1 Report Prologue 12
2 Scope of The Report 13
2.1 Market Definition 13
2.2 Scope of The Study 13
2.2.1 Research Objectives 13
2.2.2 Assumptions 13
2.2.3 Limitations 14
2.3 Markets Structure 14
3 Research Methodology 15
3.1 Research Process 15
3.2 Primary Research 16
3.3 Secondary Research 16
3.4 Market Size Estimation 16
4 Market Dynamics 19
4.1 Introduction 19
4.2 Drivers 20
4.2.1 Growing demand of Allantoin in Cosmetics is estimated to drive the global glyoxylic acid market 20
4.2.2 Increasing demand of aromas and flavors in food industry boosting vanillin market growth 20
4.2.3 Increasing demand for the production of glyoxylic acid downstream products 21
4.3 Restraints 21
4.3.1 High price and relatively lower quality products owing to outmoded technology in the market 21
4.4 Trend 22
4.4.1 Increasing focus of producers towards providing pure glyoxylic acid to the high end customers 22
4.5 Opportunity 22
4.5.1 Agrochemicals and polymers applications are estimated to pose promising opportunity for the low grade glyoxylic acid manufacturers 22
5 Market Factor Analysis 23
5.1 Supply Chain Analysis 23
5.1.1 Raw Material Suppliers 23
5.1.2 Glyoxylic Acid Manufacturers 23
5.1.3 Glyoxylic Acid Derivatives Manufacturers 24
5.1.4 End Users 24
5.2 Porters Five Forces Analysis 24
5.2.1 Threat of New Entrants 24
5.2.2 Threat of Rivalry 24
5.2.3 Threat of Substitute 24
5.2.4 Bargaining Power of Supplier 25
5.2.5 Bargaining Power of Buyer 25
6 Global Glyoxylic Acid Market, By Derivative 26
6.1 Introduction 26
6.2 Allantoin 29
6.3 Vanillin 31
6.4 P-hydroxyphenylglycine 32
6.5 DL-p-hydroxy phenylhydantoin 33
6.6 2-hydroxyl-phosphine acetic acid 34
6.7 Others 36
7 Global Glyoxylic Acid Market, By Application 37
7.1 Introduction 37
7.2 Personal Care & Cosmetics Ingredients 39
7.3 Pharmaceuticals 40
7.4 Aromas 42
7.5 Agrochemicals 43
7.6 Others 44
8 Global Glyoxylic Acid Market, by Region 46
8.1 Introduction 46
8.2 North America 47
8.2.1 US 50
8.2.2 Canada 52
8.3 Europe 55
8.3.1 Germany 59
8.3.2 France 61
8.3.3 Spain 64
8.3.4 UK 66
8.3.5 Italy 69
8.3.6 Rest of Europe 71
8.3.7 Asia-Pacific 73
8.3.8 China 77
8.3.9 India 79
8.3.10 Japan 82
8.3.11 Rest of Asia-Pacific 84
8.4 Latin America 86
8.4.1 Brazil 91
8.4.2 Argentina 94
8.4.3 Rest of Latin America 96
8.5 Middle East & Africa 99
8.5.1 Turkey 102

……Continued

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