The global glyoxal market size was USD 287.6 Million in 2021 and is expected to register a revenue CAGR of 4.4% during the forecast period. A surge in demand from the textile and leather industry and rising application in the oil and pharmaceutical industry are key factors driving market revenue growth.

Glyoxal is a chemical raw material found in a variety of end-use industries owing to its environment-friendly properties. Textile manufacturers use chemical agents such as glyoxal to increase spinning, reduce shrinkage, enhance anti-wrinkle properties, and make fibers more durable. Glyoxal is also used extensively as a cross-linking agent in textile finishes and coated paper formulations. The cross-linking of starch-based formulas is performed with glyoxal in textile finishes and coated papers. Textile manufacturers use glyoxal as a crosslinker to reduce the absorption of water by cellulose, thus preventing swelling.

Some of the leading players in the global Glyoxal Market:

BASF SE, Thermo Fisher Scientific, Inc., Dow, Silver Fern Chemical, Synthomer plc, Huntsman International LLC, Reliance Industries Limited, INEOS, Amzole India Pvt. Ltd, and Tokyo Chemical Industry Co. Ltd.

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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:

• Crosslinking
• Intermediate
• Others

Distribution Channel Outlook:

• Online
• Offline

Industry Vertical Outlook:

• Textile
• Leather
• Resins Polymers
• Cosmetics
• Paper Packaging
• Oil Gas
• Pharmaceutical
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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