Glyoxal Market Size, Share & Industry Analysis, By Application (Crosslinking, Intermediate, Others), By End-Use Industry (Textile, Paper, Derivatives, Oil & gas, Cosmetics & Personal care, Leather, Others) and Regional Forecast, 2023-2030

Glyoxal (OCHCHO) is a crystalline solid, which is insoluble in water. It is derived from ethylene glycol using oxidation process and is also known as dialdehyde. Glyoxal is a natural compound that belongs to the aldehyde group. At normal temperatures, it is a transparent yellow color liquid, after evaporation glyoxal gets converted into a green colored gas. Glyoxal is an intermediate product that is mainly used as cross-linking agent in numerous industries such as oil & gas, leather, cosmetics, paper & packaging, and textile.

The rising use of glyoxal in various end-use industries such as oil & gas and textiles is anticipated to propel the growth for the glyoxal market. In the textile industry, glyoxal is used as finishing agents, which provide shrink-proof, wash-resistance-free, and wrinkle-resistance properties to nylon and cotton. Whereas, as a crosslinking agent, glyoxal helps in the oil extraction process of the immiscible phase. It forms the crosslinking amongst polymers of fracturing fluid, thereby allowing to generate fractures in oil sediments and increase the fluid’s viscosity, which further results in releasing the crude oil. Hence, growth in these applications will lead to the demand for glyoxal.

Key Market Driver -

Increasing demand for glyoxal from textile and oil & gas industries to drive the market.

Key Market Restraint -

Fluctuations in the prices of raw materials to restrain the market growth.

However, fluctuations in the prices of raw materials due to their availablity mainly ethylene glycol prices, is anticipated to hinder the market growth. Ethylene glycol is produced using steam cracking method in the petrochemical industry.

Market Segmentation:

Based on application, the glyoxal market is segmented into crosslinking, intermediate, and others. Based on end-use industry, the market is segmented into textile, paper, derivatives, oil & gas, cosmetics & personal care, leather, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players for glyoxal market includes, BASF, Zhonglan Industry Co., Ltd., Merck KGaA, Hubei Hongyuan Pharmaceutical technology Co.,Ltd., AMZOLE INDIA PVT. LTD., Taicang Guangze Fine Chemical Co., Ltd., WeylChem International GmbH, Haihang Group, ​Onichem, Tokyo Chemical Industry Co., Ltd. (TCI), and other key players.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

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The glyoxal market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for highest revenue share during the review period. The growth is due to increasing textile, oil & gas, and paper industries. North America is the second-highest contributor to the glyoxal market, due to the rising packaging industry. Furthermore, increasing glyoxal application in the end-user industries such as pharmaceuticals and agrochemicals, will propel the growth for glyoxal market in North America. In Europe, rising leather industry will surge the demand for glyoxal. The Middle East & Africa is anticipated to witness an exponential growth, owing to rising cosmetics industry.

Segmentation

Glyoxal Industry Developments

• In January 2018, The Lawrence Livermore National Laboratory and the U.S. Army Research Laboratory introduced the new solution by creating high-energy explosives. The solution contains sodium hydroxide and hydroxylamine hydrochloride with an aqueous solution of the dialdehyde glyoxal.