Global Glyoxal Market 2017-2021

Overview of the global glyoxal market

According to Technavio's market research report, the global glyoxal market will grow at a CAGR of close to 6% during the forecast period. The increasing demand for cosmetics and personal care products is one of the key drivers that will stimulate growth in the market during the estimated period. Glyoxal is widely used in grooming and personal hygiene products such as moisturizers, sunscreen creams, and lotions. The importance of personal hygiene among consumers and the increase in disposable income will encourage these consumers to spend more on skincare products, haircare products, and perfumes. The growing preference for healthier lifestyles will also boost the adoption of personal care products in various countries such as Indonesia, India, and Turkey. The expanding aging population base will compel manufacturers to come up with better personal care products. This in turn, will fuel the growth of the glyoxal market since it is increasingly used in the production of these products.

Glyoxal is extensively used in food packaging industry due to its low moisture retention property. The demand for packaged foods or meals is increasing because they are portion-controlled, time-saving, and come in convenient packaging with a freeze or thaw stability. The technological developments in the packaging industry will widen the range of convenience food products that includes frozen, chilled, shelf-stable, microwavable, and prepared mixes.

Competitive landscape and key vendors

The glyoxal market is characterized by the presence of both established vendors and small players. These vendors are increasingly focusing on expanding their production plant capacity and product innovations to enhance their market share. They are increasingly competing against each other based on factors such as innovation, price, operational cost, and product quality.

Key vendors in this market are -

• Amzole
• BASF
• Hubei Hongyuan Pharmaceutical Technology
• ChinaChemNet
• Silver Fern Chemicals

Segmentation by application and analysis of the glyoxal market

• Cosmetics
• Paper packaging
• Resin and polymer
• Textile
• Oil and gas
• Leather

Glyoxal acts as a cross-linker and is commonly used in oil recovery. It crosslinks the polymers to increase the viscosity of the fracturing fluid. This creates fractures in oil sediments and releases the crude oil. The growing demand for oil will drive the adoption of glyoxal during the forecasted period since glyoxal is used as a sulfur scavenger in gas sweetening process. The rising number of oil refining activities in North America will positively influence the growth of the market in the oil and gas segment.

Segmentation by geography and analysis of the glyoxal market

• Americas
• APAC
• EMEA

APAC is witnessing an increase in the demand for textile and leather products due to an increase in population. This will drive the demand for glyoxal because they are highly used as an intermediate chemical in textiles, resins, polymers, and oil and gas industries. Major end-user industries such as automotive and construction are increasingly witnessing the demand for polymers and resins, which in turn, will increase the adoption of glyoxal during the estimated period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global glyoxal market?
• What are the key market trends impacting the growth of the global glyoxal market?
• What are the challenges to market growth?
• Who are the key vendors in the global glyoxal market?
• What are the market opportunities and threats faced by the vendors in the global glyoxal market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global glyoxal market?

Technavio also offers customization on reports based on specific client requirement.

Glyoxal is an organic compound with two aldehyde groups ? a liquid form and a gaseous form. The liquid form is green in color, and the gaseous form is yellow in color. It is widely used as a precursor for making a number of chemical products. A thorough data collection methodology is followed by our market research reports for the chemicals and materials industry and offer an analysis of fast growing market segments like specialty chemicals. This upcoming industry research report on the global glyoxal market offers insights into the key trends and developing drivers influencing the growth of the specialty chemicals industry.

To help the clients expand in niche markets and identify potential market opportunities, this report on the global glyoxal market also covers geographies like the North America, APAC, Europe, and ROW. This upcoming industry report on the global glyoxal market also considers the growth of the similar markets such as the modified bitumen, which is expected to grow at a CAGR of above 6% by 2021.

This upcoming market research report on the global glyoxal market also covers vendors like Shell Chemicals, INEOS, ME Global B.V., Reliance Industries, SINOPEC, Clariant, Alberta & Orient Glycol and Nan Ya Plastics Corp., BASF, Eastman Chemical, Silver Fern Chemical, Dow Chemical Co., Huntsman Corp., and Formosa Plastics Group. By considering the increasing demand for chemicals, market forecast, and the market size, for various embedded systems, the market research professionals at Technavio offer a clear picture of the global glyoxal market for the projected period of 2017 to 2021. Additionally, our research practices help clients to keep up with the constantly changing market landscape and develop operative growth strategies. Also, based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders this market study offers a complete analysis.

The upcoming market research report on the global glyoxal market also classifies the major drivers, key trends, as well as the constraints that the glyoxal sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the chemicals and materials industry. Technavio also provides deep-dive market assessments into the sectors such as glass and ceramics and olefins.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.