Enjoy complimentary customisation on priority with our Enterprise License!
The glyoxylic acid market size is forecast to increase by USD 192.5 million, at a CAGR of 4.49% between 2023 and 2028. Market growth is driven by several key factors including the growing demand from the cosmetics industry fuels the need for glyoxylic acid, as it is used in various beauty products for its anti-aging and exfoliating properties. Secondly, the increasing agriculture activities boost the demand for agrochemicals, which often incorporate glyoxylic acid for enhancing crop yields and plant health. Additionally, the increasing demand for glyoxylic acid from agrochemicals is a significant driver, as it plays a vital role in developing effective agricultural solutions. Together, these factors create a robust environment for market expansion, with industries leveraging glyoxylic acid for both cosmetic and agricultural applications.
For More Highlights About this Report, Request Free Sample
Glyoxylic acid is a chemical compound with the formula CH2(COOH)CHO. It is a liquid or solid aldehyde and carboxylic acid, characterized by the presence of both a carboxylic group and an aldehyde group. Glyoxylic acid has gained significant attention due to its applications in various industries, including the personal care industry and the agrochemical industry. In the personal care industry, glyoxylic acid is used in the production of skincare products such as lotions, shampoos, and conditioners. It acts as a chelating agent, helping to improve the effectiveness of other ingredients and enhance the overall quality of the product. In the agrochemical industry, glyoxylic acid is used as an intermediate in the production of herbicides, insecticides, and plant growth regulators. It helps improve agricultural productivity by enhancing the effectiveness of these agrochemicals. Glyoxylic acid is also used in the boiler cleaning application, where it reacts with nitric acid to form glyoxal and carbon dioxide. Glyoxal, in turn, reacts with ozone to form glyoxylic acid, which helps in the removal of scale and deposits from boilers. Glyoxylic acid is produced from ethylene glycol through the oxidation process. It is a colorless to light yellow liquid with a pungent odor. Its applications in various industries are expected to drive the growth of the market in the coming years.
Growing demand from cosmetics industry is notably driving market growth. Glyoxylic acid plays a significant role in the personal healthcare industry, particularly in the production of various cosmetics and personal care products. This organic compound is extensively used in skincare, nail care, hair care, and men's care products due to its ability to rejuvenate and moisturize the skin. In the realm of hair care, glyoxylic acid is employed as an ingredient in hair dye products and keratin treatments.
Additionally, it finds applications in the manufacturing of plating admixtures and as a precursor in the synthesis of various chemicals, including vanillin, chocolates, sweets, fungicides, allantoin, p-hydroxyphenylglycine, dl-p-hydroxy phenylhydantoin, and 2-hydroxyl-phosphine acetic acid. The market is witnessing considerable growth due to the increasing demand for personal care and cosmetic products, the rising standard of living, urbanization, and population growth in emerging economies, and the increasing disposable income of consumers in mature markets. Thus, such factors are driving the growth of the market during the forecast period.
Surging demand from APAC and North America is the key trend in the market. Glyoxylic acid is a versatile organic compound with various applications, primarily in personal healthcare, plating admixtures, and industrial processes. The Asia Pacific (APAC) region is projected to exhibit the fastest growth in the market due to its large population, increasing demand from diverse applications, demographic shifts, and rising disposable income. Countries like India, China, and other Association of Southeast Asian Nations (ASEAN) are significant contributors to the market's growth in APAC. The major driving factor is the escalating demand for personal care and cosmetics, including hair dye products, which utilize glyoxylic acid as a key ingredient.
Additionally, glyoxylic acid finds applications in the production of vanillin, used in chocolates and sweets, and as a fungicide. Other derivatives, such as allantoin, p-hydroxyphenylglycine, dl-p-hydroxy phenylhydantoin, and 2-hydroxyl-phosphine acetic acid, also contribute to the market's expansion. The regulatory bodies' promotion of glyoxylic acid usage in these industries further fuels the market's growth. Thus, such trends will shape the growth of the market during the forecast period.
Increase in negative effects of glyoxylic acid leading to skin diseases is the major challenge that affects the growth of the market. Glyoxylic acid is an essential organic compound extensively utilized in various industries, including personal healthcare. In cosmetics and personal care applications, glyoxylic acid is employed in concentrations below 10%, primarily in hair dye products and keratin treatments. However, higher concentrations can lead to adverse effects, such as irritation, swelling, itching, and skin diseases. These side effects can worsen existing skin conditions and even result in the removal of the top layer of skin.
Moreover, glyoxylic acid is employed as a plating admixture in various industries, including food and beverage. In this context, it is used in the production of vanillin, chocolates, and sweets. Additionally, it serves as a fungicide and is used in the synthesis of allantoin, p-hydroxyphenylglycine, dl-p-hydroxy phenylhydantoin, and 2-hydroxyl-phosphine acetic acid. Despite its benefits, it is crucial to handle glyoxylic acid with care due to its potential to cause severe skin irritation and burns when used in higher concentrations. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Akema Srl - The company is involved in offering glyoxylic acid 50H which is use in hair straightening formulations to smooth wavy and tightly curly hair and also improve hair manageability.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The cosmetics and personal care segment is estimated to witness significant growth during the forecast period. Glyoxylic acid, a significant chemical compound, plays a pivotal role in various industries, including the personal care industry and the agrochemical sector. In the personal care industry, this liquid or solid chemical, which bears a carboxylic group and an aldehyde group, is extensively used in cosmetic products. Its primary applications include chemical peels, anti-aging creams, lotions, and mask products. The benefits of glyoxylic acid for the skin are manifold, ranging from rejuvenation to moisturization. Its use extends to hair care and nail care products as well, albeit in smaller quantities. In the agrochemical industry, glyoxylic acid is employed in the production of herbicides, insecticides, and plant growth regulators, contributing to enhanced agricultural productivity.
Get a glance at the market share of various regions Download the PDF Sample
The cosmetics and personal care segment was the largest and was valued at USD 232.70 million in 2018. Synthetic glyoxylic acid is derived from ethylene glycol and formaldehyde, while natural glyoxylic acid can be sourced from renewable sources such as plant-based materials, including sugar cane and biomass feedstocks. The pharmaceutical sector also utilizes glyoxylic acid in technical, pharmaceutical, and industrial grades. In the textile industry, it serves as a boiler cleaning agent, while in the pharmaceutical sector, it is used in the synthesis of nitric acid, glyoxal, and ozone. In skincare products, glyoxylic acid functions as an exfoliant, pH adjuster, and skin conditioning agent. Its applications in shampoos, lotions, conditioners, and skincare continue to expand, fueling the market growth.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Glyoxylic acid, a significant chemical compound, is gaining prominence in various industries, including the personal care industry and the agrochemical sector. In the personal care industry, glyoxylic acid is extensively used in the production of cosmetic products due to its superior properties. The carboxylic and aldehyde groups present in glyoxylic acid make it an effective ingredient in moisturizers, skincare products, shampoos, lotions, and conditioners. The rising demand for these products, driven by increasing consumer awareness and preferences, is fueling the growth of the market. In the agrochemical industry, glyoxylic acid is utilized in the manufacturing of herbicides, insecticides, and plant growth regulators, contributing to enhanced agricultural productivity. The use of glyoxylic acid in the production of herbicides and insecticides is attributed to its ability to inhibit the growth of unwanted plants and pests. Moreover, it is also used as a precursor in the synthesis of other agrochemicals. The production of glyoxylic acid can be derived from renewable sources such as sugar cane, biomass feedstocks, and ethylene glycol. Synthetic glyoxylic acid and natural glyoxylic acid are the two primary types of glyoxylic acid, with the former being produced industrially and the latter derived from natural sources. The availability of these raw materials and the cost-effectiveness of production are essential factors driving the growth of the market.
Also, Glyoxylic is also used in various industrial applications, including boiler cleaning and as a precursor in the production of nitric acid, glyoxal, and ozone. In the pharmaceutical sector, glyoxylic acid is used in the production of pharmaceutical-grade, industrial-grade, and technical-grade products. The versatility of glyoxylic acid and its unique functional properties make it a valuable chemical compound in numerous industries. In North America, the US is the major consumer of glyoxylic acid, with significant applications in the personal care industry and boiler cleaning applications. The rising demand for personal care products and cosmetics, coupled with regulatory approvals from the US Food and Drug Administration (US FDA) and European Medicines Agency (EMA), is driving the growth of the market in the region. Additionally, the use of glyoxylic acid in the production of textiles and its application as a precursor in the synthesis of other chemicals further boosts the market growth.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
Glyoxylic acid is a versatile chemical compound with the structure of a carboxylic acid and an aldehyde group. This unique property makes it a valuable ingredient in various industries, including the personal care industry and the agrochemical industry. In the personal care sector, glyoxylic acid is used in skincare products due to its ability to improve skin health and appearance. It acts as a mild exfoliant, helping to remove dead skin cells and reveal smoother, brighter skin. In the agrochemical industry, glyoxylic acid is used as an intermediate in the production of herbicides, insecticides, and plant growth regulators. It enhances agricultural productivity by promoting plant growth and protecting crops from pests and diseases. Two types of glyoxylic acid exist: synthetic and natural.
Synthetic glyoxylic acid is produced from ethylene glycol and formaldehyde, while natural glyoxylic acid can be derived from renewable sources such as sugar cane and biomass feedstocks. The pharmaceutical sector also utilizes glyoxylic acid, primarily in the production of technical, pharmaceutical, and industrial-grade glyoxylic acid. It is used in the synthesis of various pharmaceutical compounds and as a reagent in the production of other chemicals, such as nitric acid, glyoxal, and ozone. Glyoxylic acid is available in both liquid and solid forms and is used in various applications, including boiler cleaning, textiles, and as a raw material in the production of shampoos, lotions, and conditioners. Its unique properties make it a valuable ingredient in numerous industries, contributing to the growth of the market.
Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.49% |
Market growth 2024-2028 |
USD 192.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Germany, France, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akema Srl, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem SIA, Haihang Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Zhonghua Chemical Co. Ltd., Mehul Dye Chem Industries, Merck KGaA, Parchem Fine and Specialty Chemicals Inc., Phibro Animal Health Corp., Saanvi Corp., Shandong Xinhua Pharmaceutical I and E Co. Ltd., STAN Chemical Co. Ltd., The Chemours Co., Water Chemical Co. Ltd., WeylChem International GmbH, and Zhonglan Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.