Glyoxal Industry Survey, Trends, Outlook, Overview and 2024 Forecast

Increasing oil & gas exploration and production activities in Asia Pacific and the Middle East are anticipated to drive global market. The Global Glyoxal Market is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc.

Global glyoxal industry is expected to witness a significant growth over the forecast period on account of its wide application scope across key end-use industries such as textiles, leather, polymers & resins, and paper packaging. In the paper industry, it is used as a starch cross-linker for producing paper. In addition, glyoxal finds application as an additive in the paper coating to improve quality due to its ability to reduce water retention.

Glyoxal is considered as an accredited chemical substance for food packaging papers by the Federal Institute for Risk Assessment (BfR) and the U.S. FDA. The chemical is touted as a high potential substitute for aldehydes and as a co-formulate with aldehydes in disinfectants.

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Glyoxal is primarily derived from ethylene glycol which is a derivative of ethylene oxide. Ethylene is one of the most important petrochemical intermediates and is a feedstock for various end-use products such as food packaging, film, toys, food containers, bottles, pipes, antifreeze, carpets, insulation, and house-wares.

Top Players of Glyoxal Market:

Key companies operating in the global market include Silver Fern Chemical, BASF, Eastman Chemical, Dow Chemical Co., Huntsman Corp., Formosa Plastics Group, INEOS,ME Global B.V., Shell Chemicals, Reliance Industries, SINOPEC, Clariant, Alberta & Orient Glycol and Nan Ya Plastics Corp.

Market Segmentation of Glyoxal Market:

The Global Glyoxal Market Segmented on the basis of Application and Region.

By Application:

    Textile
    Leather
    Resin & Polymers
    Cosmetics
    Paper Packaging
    Oil & Gas

By Region:

    North America
    Europe
    Asia Pacific
    Middle East and Africa
    Central & South America

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