A comprehensive report on the Global Glyoxal Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market. The report provides a brief overview of the industry and gives an estimation of growth and revenue for the forecast period of 2024-2027. The global Glyoxal market is expected to be valued at USD 358.0 Million by 2027 from its valuation of USD 264.6 Billion in 2019 and register a CAGR of 3.8% during the forecast period. The document offers reliable data in reference to key areas of investments and growth patterns of the Glyoxal market to help clients, stakeholders, investors, and businesses capitalization on the lucrative opportunities and make strategic investment plans.
Glyoxal finds widespread usage as a synthetic preservative in the cosmetics and personal care ingredients. The chemical is an anti-microbial preserving agent that functions by producing formaldehyde in the beauty care products. It is deployed in cross-linking hydrocolloids for better viscosity of cosmetics. Moreover, glyoxal is preferred as an alternative to formaldehyde in certain resins attributed to its ability to provide clear adhesive resins and consequently giving the same look as wood panels bonded with UF (urea-formaldehyde), MF (Melamine-formaldehyde) and MUF (melamine urea-formaldehyde).
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COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the chemicals & materials industry. Demand for chemicals is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand has fast-tracked the global chemical sector into an oversupply situation. Lack of free movement of the labor force required for the application of chemicals in the end-user industries is lacking, thereby hindering the growth of the market in the COVID-19 pandemic. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
The latest research study published by Reports and Data titled Glyoxal market provides a thorough assessment of the market. As per the report, The global glyoxal market is expected to reach USD 358.0 Million by 2027, according to a new report by Reports and Data. The report analyzes the historical and present-day scenario of the global Glyoxal market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Glyoxal market, to identify the opportunistic avenues of the business potential for stakeholders. The report offers key insights into market share, market size, and market revenue growth for the forecast period 2024-2027.
Increasing focus on recycling of plastic waste, rising penetration of internet and e-commerce channels for sales, the advent of and rapid adoption of 3D printing to develop materials with enhanced properties and attributes, and growing demand for sustainable production of materials and chemicals have boosted the market growth over the recent past. In addition, rising focus on material informatics and application of ML and AI to improve R&D activities and capital expenditures, develop novel business models, and achieve greater agility in the production and manufacturing process of raw materials and chemicals to meet the growing demand from other end-use industries are some other key factors influencing the market growth and will continue to do so going ahead.
A regional analysis of the market across key geographical areas is offered in the report with a thorough assessment of market size, market share, revenue growth, import/export, production and consumption patterns, consumer demand and supply, global supply chain, macro- and micro-economic growth factors, government regulations and policies, and presence of key market players/manufacturers in North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
Key participants include Thermo Fisher Scientific Inc., Onichem, BASF SE, Merck KGaA, Amzole India Pvt. Ltd., Tokyo Chemical Industry Co. Ltd., Tokyo Chemical Industry Co. Ltd., Haihang Group, Toronto Research Chemicals, WeylChem International GmbH, and Novochem, among others.
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Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Crosslinking
Intermediate
Others
Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Online
Offline
Industry Vertical Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Textile
Leather
Resins & Polymers
Cosmetics
Paper & Packaging
Oil & Gas
Pharmaceutical
Others
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Regional Analysis covers:
North America
Canada
U.S.
Mexico
Europe
Germany
Italy
U.K.
Rest of EU
Asia Pacific
India
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
U.A.E
Rest of MEA
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