Reports and Data has recently published a novel report on global Glyoxal Market to offer a comprehensive analysis of the Glyoxal industry and users, investors and readers to understand current and emerging market trends to make investment plans accordingly. The report offers a details about market size, market share, revenue growth, drivers, restraints, growth opportunities and market limitations. The report is curated using advanced analysis tools like Porter’s five force and SWOT analysis. The report also sheds light on changes in the market dynamics during the COVID-19 outbreak.
The glyoxal market is projected to grow at a rate of 3.8% in terms of value, from USD 264.6 Million in 2019 to reach USD 358.0 Million by 2027. Glyoxal is a chemical raw material that finds application in several end-user industries, primarily owing to its environment-friendly characteristic. Glyoxal finds widespread usage in the textile industry as a chemical agent for the treatment of fibers such as cotton and nylon to increase the spinning, reduce fiber shrinkage improve the anti-wrinkle property, and durability. Also, textile finishes and coated paper deploy a substantial quantity of glyoxal to function as a cross-linking agent for formulation based on starch. The textile industry is a significant consumer of glyoxal as a crosslinker to reduce the absorption of water cellulose, and therefore, swelling of cellulose could be prevented.
Some of the leading players in the global Glyoxal Market:
Thermo Fisher Scientific Inc., Onichem, BASF SE, Merck KGaA, Amzole India Pvt. Ltd., Tokyo Chemical Industry Co. Ltd., Haihang Group, Toronto Research Chemicals, WeylChem International GmbH, and Novochem,
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Glyoxal market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Glyoxal market?
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Glyoxal Market Segmentation:
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
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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