A recent report published by Infinium Global Research on the glyoxal
market provides an in-depth analysis of segments and sub-segments in the global as
well as regional glyoxal market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional glyoxal
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global glyoxal market.
According to the report, the global glyoxal market is projected to grow at a
CAGR of 4.2% over the forecast period of 2019-2025.
Glyoxal is a crystalline solid organic compound which is the smallest
dialdehyde. Glyoxal is an important intermediate for various chemical
applications. It links a wide range of polymers. Glyoxal is appropriate for food
packaging. The key players in the global glyoxal market are focusing on
strategies such as mergers, acquisitions, and new product launches to maximize
their market share. Companies are investing in research and development to encourage
innovation in the glyoxal market.
Glyoxal acts as a cross-linker and improves the viscosity of
fracturing fluid that releases oil. The rising demand for oil and gas drives
the growth of the glyoxal market. Glyoxal is used as an intermediate in pharmaceutical,
agriculture, and chemical industries to derive various organic molecules. The
growing demand for glyoxal from the textile industry stimulates the growth of
the glyoxal market. Glyoxal is useful in the production of soft and wrinkle
textiles and boosts efficient production. Glyoxal is helpful in coating and
protecting furniture from moisture. The rising urbanization and rising
disposable income of individuals enhance the lifestyle standards of the urban
population. Glyoxal is used in different applications that define the standard
of living and contribute to the growth of the glyoxal market. Use of glyoxal as
an alternative to formaldehyde in immunostaining and super-resolution
microscopy fuels the growth of the glyoxal market. The rising demand for glyoxal
as a disinfectant in veterinary hygiene and the health industry stimulates the
growth of the glyoxal market. On the flip side, less demand for glyoxal from
the paper packaging industry due to its moisture retention properties
restraints the growth of the glyoxal market. Moreover, technological
advancement and several innovative solutions create numerous opportunities for
the growth of the glyoxal market.
Based on geography, the global glyoxal market is classified into
North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific is
expected to have a dominant share in the global glyoxal market. The increasing
demand for textiles and leather products in the Asia-Pacific region drives the
growth of the glyoxal market in Asia-Pacific. North America is anticipated to
grow in the global glyoxal market with a significant CAGR over the forecast
period. The rising demand for glyoxal in food packaging in North America
contributes to the growth of the glyoxal market in North America. Europe is growing
in the global glyoxal market. The changing lifestyle of individuals and a
rising standard of living in Europe propel the growth of the glyoxal market in
The report on the global glyoxal market covers segments such as
application and end-use industry. On the basis of application, the sub-markets
include cross-linking, and intermediate. On the basis of end-use industry, the
sub-markets include textiles, leather, oil & gas, cosmetics, paper &
packaging, and other applications.
The report provides profiles of the companies in the market such
as Celanese Corp., BASF SE, Eastman Chemical Company, The Dow Chemical Company,
Jubliant Life Sciences Ltd., Zhonglan Industry Co. Ltd., Amzole India Pvt.
Ltd., Merck KGaA, Thermo Fisher Scientific Inc., WeylChem International GmbH,
and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of glyoxal market.
Moreover, the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.