Know More About “Glyoxal Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.



The global glyoxal market is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc. Increasing oil & gas exploration and production activities in Asia Pacific and the Middle East are anticipated to drive global market.
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.
The global glyoxal market is led by top multinational corporations such as BASF, Silver Fern Chemical, 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.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/glyoxal-market/request/rs4
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.
Further key findings from the report suggest:
·         The global glyoxal market demand 770.2 kilo tons in 2015 and is expected to reach 1,294.2 kilo tons by 2024, growing at a CAGR of 5.9% from 2016 to 2024.
·         Oil & gas emerged as the leading application sector and accounted for over 30% of total market volume in 2015. Glyoxal is widely used as cross-linker for oil recovery, and sulfur scavenger in gas sweetening processes.
·         Asia Pacific accounted for over half of the global consumption in 2015, with China being a major demand hub in the region. Strong growth in resins & polymers manufacturing is a key driving factor for the regional growth.
·         Indian glyoxal market is characterized by high consumption in textiles, resins, polymers and oil & gas. While these applications are touted to dominate consumption dynamics in future, paper packaging application is expected to emerge as key growth contributor.
·         Glyoxal industry is likely to consolidate in future due to an increasing number of producers globally and as new capacity additions in China, India, and the Middle East. This includes rationalizing small production lines and converting ethylene oxide/glycol plants to solely ethylene oxide ones.
·         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.
Growth dynamics of the industry are expected to be heavily influenced by the trends in the oil & gas industry. Huge investments made by the oil & gas companies in E&P activities, particularly in the countries of the Middle East & Africa such as Nigeria and South Africa are touted to drive demand. The key function of glyoxal is oil recovery and gas sweetening, both of which play an essential role in making both the oil and gas modifiable and usable as per the requirements of end-use.
According to OECD guidelines 301C-E & 303A, glyoxal is considered to be an environment-friendly due to its biodegradable nature, exhibiting over 90% dissolved organic carbon content decrease. It is used as a resistance agent in printing with reactive dyes and as a leveling agent in dyeing polyamide with acid dyes. Such extensive application field has created growth avenues for market participants in terms of innovation.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-glyoxal-market
At the global level, Asia Pacific is considered to offer immense growth opportunities to the industry. Factors such as rapid industrialization and urbanization are expected to drive demand in the region. Industrialization has resulted in growing number of manufacturing activities in the region while urbanization has created the need for enhanced public services such as sanitation. The chemical is used in large amounts for various industrial uses such as fillers, intermediates, odor agents, processing aids, and solids separation agents. In terms of consumer use, it is heavily used in water treatment products.
Grand View Research has segmented the glyoxal market on the basis of application:
Global Glyoxal Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·         Textile
·         Leather
·         Resin & Polymers
·         Cosmetics
·         Paper Packaging
·         Oil & Gas
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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