Absolute Markets Insights added recently released new research report on Glyoxylic Acid Market 2022 by Top Manufacturers, Regions, Type and Application, Forecast provides updates and information related to industry coverage, current market competitive status, and market outlook. Glyoxylic Acid market report is a particular investigation of the business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. This market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this industry report reveals the best opportunities to thrive in the market. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Glyoxylic Acid industry can be identified and analysed. Glyoxylic Acid market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.

For More Information Click Here : https://www.absolutemarketsinsights.com/reports/Glyoxylic-Acid-Market-2019-%E2%80%93-2027-748


In terms of revenue, global glyoxylic acid market was valued at US$ 1065.26 Mn in 2019 and is anticipated to reach US$ 1500.87 Mn in 2028, growing at a CAGR of 3.9% over the forecast period (2020 – 2028). Some of the players operating in the glyoxylic acid market across the globe are Akema S.r.l., Guangdong Joy Chemical Limited Company, Guangshu Chemical Factory Co.,Ltd, Haihang Industry Co., Ltd., Hebei Zeshuo Pharmaceutical Technology Co., Ltd., Hefei TNJ Chemical Industry Co.,Ltd., Hubei Hongyuan Pharmaceutical technology Co.,Ltd., Hubei Shunhui Bio-Technology Co., Ltd., Luotian Yongfei Chemical Co., Ltd., Ottokemi, Tokyo Chemical Industry Co., Ltd., WeylChem International GmbH, Zhonglan Industry Co.,Ltd., and other market participants

Glyoxylic acid refers to 2-oxo monocarboxylic acid commonly known as acetic acid. It is formed together with acetic acid, glycolic acid, and oxalic acid and is used across a range of industries such as food and beverage, pharmaceuticals, chemical, textile and dyeing, agrochemicals, personal care, water treatment & pool chemicals, and polymers amongst others. Glyoxylic acid is primarily found in two variants namely glyoxylic acid 50% and glyoxylic acid 40%, which has multiple applications such as alkylating agent, aromatic agents & preservatives, plating additive, intermediate for d-hydroxybenzeneglycin, broad spectrum antibiotic, acetophenone and amino acid, and crosslinking agent of polymerization amongst others.

The major derivatives of glyoxylic acid are acryloamidoglycolic acid, ethylene bis(hydroxyphenyl)glycine, 2-hydroxyquinoxaline, vanillin, and heliotropin amongst others. The surge in use of vanillin as a food flavouring agent and a natural preservative across the food and beverage industry is driving the growth of the glyoxylic acid market. For instance, Akema S.r.l. offers vanillin and ethylvanillin especially for aroma (fragrance) catering specially to the food and beverage industry. Growing adoption of glyoxylic acid in agrochemicals and pharmaceutical industries is also driving the growth of the glyoxylic market. Glyoxylic acid is used in direct manufacturing of amoxicillin and atenolol across the pharmaceutical industry.

Global Glyoxylic Acid Market:

By Type

    • Glyoxylic Acid 50%
    • Glyoxylic Acid 40%

By Derivatives

    • Acryloamidoglycolic Acid
    • Ethylene Bis(Hydroxyphenyl)glycine
    • 2-Hydroxyquinoxaline
    • Vanillin
    • Heliotropin
    • Allantoin
    • Others

By Application

    • Pesticides
    • Alkylating Agent
    • Aromatic Agents & Preservatives
    • Swimming Pool Chemicals
    • Plating Additive
    • Intermediate of Varnish Material and Dyes
    • Intermediate for D-hydroxybenzeneglycin, Broad Spectrum Antibiotic, Acetophenone and Amino Acid
    • Crosslinking Agent of Polymerization
    • Others

By End Use

    • Agrochemicals
    • Textile and Dyeing
    • Aromas
    • Flavours in Food & Beverages
    • Personal Care
    • Shampoos & Conditioners
    • Creams & Lotions
    • Hair Straightening Cosmetics
    • Hair Dyes
    • Others
    • Pharmaceutical Intermediates
    • Polymers
    • Industrial Chemicals
    • Water Treatment & Pool Chemicals
    • Others

By Distribution Channel

    • Online
    • Offline

By Region

  •  
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • Latin America

 

Contact Us:
Company: Absolute Markets Insights
Email Id: sales@absolutemarketsinsights.com
Phone: IN +91-740-024-2424, US +1-510-420-1213
Contact Name: Shreyas Tanna
Website: www.absolutemarketsinsights.com