On the basis of product type, the glyoxal market is segmented into pharmaceutical grade and industrial grade. Pharmaceutical grade glyoxal is used as a precursor in the manufacturing of a large number of chemical products such as metronidazole, dimetridazole, and imidazole. Industrial grade glyoxal is used in textile, leather, oil & gas, cosmetics & personal care, and other industries as a raw material. increase in intermediate use in the chemical, pharmaceutical, and agricultural industries is the key driver of the global market.
Rise in demand for oil & gas across the globe is expected to boost the demand for glyoxal. Glyoxal used as a cross-linker and increases the thickness of the fracturing fluid to release oil. The oil & gas industry garners largest share in terms of demand.
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Furthermore, increase in use of organic composite in food & beverage packaging drives the market growth. Demand for glyoxal is high in the paper packaging industry due to its moisture retention properties. Demand for packaged foods has been increasing, as they are time-saving and available in appropriate packaging with freeze or defrost stability.
The report presents in-depth insights into each of the leading glyoxal market end user verticals along with annual forecasts to 2029. The report provides revenue forecast with sales, and sales growth rate of the global glyoxal market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Top 10 leading companies in the global glyoxal market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and products and services. The key players operating in the global glyoxal industry include Major players analyzed include BASF SE, Silver Fern Chemical, Eastman Chemical, Dow Chemical Co., Huntsman Corp., Formosa Plastics Group.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key Benefits
- The report provides a qualitative and quantitative analysis of the current glyoxal market trends, forecasts, and market size from 2022 to 2029 to determine the prevailing opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market report also provides an understanding of the current position of the market players active in the glyoxal industry.
Highlights of the Report
- Competitive landscape of the glyoxal market.
- Revenue generated by each segment of the glyoxal market by 2029.
- Factors expected to drive and create new opportunities in the glyoxal industry.
- Strategies to gain sustainable growth of the market.
- Region that would create lucrative business opportunities during the forecast period.
- Top impacting factors of the glyoxal market.
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