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Posted by olson20cr on July 28, 2024 at 11:26pm 0 Comments 0 Likes
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 2021-2027. 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.
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.
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Crosslinking
Intermediate
Others
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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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