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The glyoxylic acid market share is expected to increase to USD 246.38 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.59%.
This glyoxylic acid market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glyoxylic acid market segmentation by end-user (cosmetics and personal care, pharmaceutical, agrochemicals, aromas, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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The glyoxylic acid market report also offers information on several market vendors, including 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, Phibro Animal Health Corp., Saanvi Corp., Shandong Xinhua Pharmaceutical Co.Ltd, STAN Chemical Co. Ltd., The Chemours Co., Water Chemical Co. Ltd., WeylChem International GmbH, and Zhonglan Industry Co. Ltd. among others.
The growing demand from cosmetics industry is notably driving the glyoxylic acid market growth, although factors such as increase in negative effects of glyoxylic acid leading to skin diseases may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glyoxylic acid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Glyoxylic Acid Market Driver
Key Glyoxylic Acid Market Trend
Key Glyoxylic Acid Market Challenge
This glyoxylic acid market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the glyoxylic acid market encompasses successful business strategies deployed by the key vendors. The glyoxylic acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The glyoxylic acid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Technavio categorizes the global glyoxylic acid market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glyoxylic acid market during the forecast period.
Our report provides extensive information on the value chain analysis for the glyoxylic acid market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for glyoxylic acid in APAC. Market growth in this region will be faster than the growth of the market in other regions.
North America is another potential market for glyoxylic acid. An increase in the consumption of personal care products and cosmetics, the rising demand from households for cleaners, the requirement for glyoxylic acid in industrial applications, and the rising export of cosmetics will facilitate the glyoxylic acid market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in North America compelled many countries, such as the US, Canada, and Mexico, to impose nationwide lockdowns in Q2 and Q3 of 2020. As a result, most regional manufacturing units in end-user industries such as pharmaceuticals and agrochemicals were closed, which led to the decline in the demand for raw materials, such as glyoxylic acid. However, government initiatives such as mass vaccination drives in the region have resulted in a gradual recovery of economic activities in 2021. Thus, rising economic activities will propel the demand for glyoxylic acid from various end-user industries in North America during the forecast period.
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The glyoxylic acid market share growth by the personal care and cosmetics segment will be significant during the forecast period. The significant increase in the use of glyoxylic acid in the personal care and cosmetics segment will be driving the growth of the market in focus in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the glyoxylic acid market size and actionable market insights on post COVID-19 impact on each segment.
Glyoxylic Acid Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.59% |
Market growth 2022-2026 |
$ 246.38 million |
Market structure |
Fragmented |
YoY growth (%) |
5.18 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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, Phibro Animal Health Corp., Saanvi Corp., Shandong Xinhua Pharmaceutical 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 forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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