Title: Glyoxylic Acid Market - Forecast(2022 - 2027)
1Glyoxylic Acid Market - Forecast(2022 - 2027)
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- Glyoxylic acid market size is forecast to reach
around 1.20 billion by 2025, after growing at a
CAGR of 6 during 2020-2025. - Glyoxylic acid is a highly reactive organic
compound containing both aldehyde and carboxylic
acid functional groups. Wide applications of
glyoxylic acids in various end use industries
like pharmaceuticals, food, personal care, and
cosmetics is augmenting Glyoxylic acid market
share. - Surging demand of glyoxylic acid from
agrochemical industry to produce pesticides is
also boosting the growth of market. Moreover,
rising environmental concerns and harmful effect
of glyoxylic acid on human is restraining the
growth of Glyoxylic acid market size.
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- Key Takeaways from this Report
- China has shown major growth in the glyoxylic
acid market due to the availability of skilled
labor, and large demand of glyoxylic acid from
food beverages, agrochemicals, and
pharmaceuticals industry. - Properties such has solubility in water
alcohol, high reactivity and insolubility in
organic solvents increases its use in various
products and acts as a driving factor for the
growth of market. - Disruption of supply chain and shortage of
employees in manufacturing industries due to the
coronavirus has affected the growth of glyoxylic
acid market.
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By Distribution Channel- Segment
Analysis Personal care and cosmetics segment
followed by aroma segment held the largest share
of more than 25 of glyoxylic acids market in
2019. Glyoxylic acids are the key raw material
for different aromas such as vanillin, ethyl
vanillin and heliotropin. They are also used as
an intermediate for synthesis of pharmaceuticals
products like D, L-p-hydroxyphenylglycine D,
L-p-hydroxyphenylhydantoin, orotic aid, sulindac
and mandelic acid which further boosts the growth
of glyoxylic acid market.
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- Glyoxylic Acid Market Industry Outlook
- Akema, Weylchem
- Hubei Hongyuan
- Zhonglan Industry
- Zhonghua Chemical
- Yuandong Chem
- Hubei Shunhui Bio-Technology
- Guangdong Hongyuan New Material
- Yongfei Chem
- Shijiazhuang Haosheng Chemical
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Glyoxylic Acid Market - Forecast(2022 -
2027) Learn More About the Report _at_
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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