Glyoxylic Acid Market Size
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Glyoxylic Acid Market Analysis
The market for glyoxylic acid is expected to grow at a CAGR of more than 5% during the forecast period. Growing demand from agrochemicals is driving the demand of the market studied. Asia-pacific dominated the market with a significant share and is estimated to continue its dominance during the forecast period.
Glyoxylic Acid Market Trends
This section covers the major market trends shaping the Glyoxylic Acid Market according to our research experts:
Increasing demand from Personal Care and Cosmetics Sector
- The demand for glyoxylic acid is gaining a lot of significance since the past few years from the personal care segment.
- Glyoxylic acid is widely used as a neutralizing agent in the personal care industry.
- Some of these areas of application include shampoos, lotions, conditioners, etc.
- According to L’Oréal, the global skincare market is expected to grow at an average rate of around 7-8% annually through the forecast period.
- The industry has witnessed a shift from demand from older consumers to a growing younger consumer base.
- Owing to the boom in skincare products, various smaller manufacturers have ventured into the marketplace to avail of the benefits of the continuously thriving industry. This scenario is in turn expected to boost the market demand.
China to Dominate the Asia-Pacific Market
Asia-Pacific is the major market for the glyoxylic acid market owing to the rising demand from end-users such as personal care & cosmetics, pharmaceuticals, and agrochemicals. China is the major consumer of the glyoxylic acid across the Asia-Pacific region. Cosmetics and personal care are one of the fastest-growing sectors in the country. Continuous growth in population is another factor fueling the demand for personal care. Additionally increasing the consumption of agrochemicals in the country with the increasing agriculture activities is boosting the demand of the market studied.
Glyoxylic Acid Industry Overview
The market studied is consolidated among the major players. Some of the key players in the market include Akema S.r.l., Zhonglan Industry Co.,Ltd. Marcelo Roberto Pressi, and STAN Chemical Co., Ltd., among others.
Glyoxylic Acid Market Leaders
Akema S.r.l.
Zhonglan Industry Co.,Ltd.
Marcelo Roberto Pressi
STAN Chemical Co., Ltd
*Disclaimer: Major Players sorted in no particular order
Glyoxylic Acid Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Drivers
-
4.1.1 Increasing demand from Agrochemicals
-
4.1.2 Increasing Application of Vanillin in Aromas and Flavors in Food & Beverage Industry
-
-
4.2 Restraints
-
4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
-
4.4.1 Bargaining Power of Suppliers
-
4.4.2 Bargaining Power of Consumers
-
4.4.3 Threat of New Entrants
-
4.4.4 Threat of Substitute Products and Services
-
4.4.5 Degree of Competition
-
-
-
5. MARKET SEGMENTATION
-
5.1 End-user
-
5.1.1 Personal Care and Cosmetics
-
5.1.2 Pharmaceuticals
-
5.1.3 Agrochemicals
-
5.1.4 Flavour Industry
-
5.1.5 Other End-users
-
-
5.2 Geography
-
5.2.1 Asia-Pacific
-
5.2.1.1 China
-
5.2.1.2 India
-
5.2.1.3 Japan
-
5.2.1.4 South Korea
-
5.2.1.5 Rest of Asia-Pacific
-
-
5.2.2 North America
-
5.2.2.1 United States
-
5.2.2.2 Canada
-
5.2.2.3 Mexico
-
-
5.2.3 Europe
-
5.2.3.1 United Kingdom
-
5.2.3.2 France
-
5.2.3.3 Germany
-
5.2.3.4 Italy
-
5.2.3.5 Rest of Europe
-
-
5.2.4 Rest of the World
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
-
6.2 Market Share/Ranking Analysis**
-
6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
-
6.4.1 Akema S.r.l.
-
6.4.2 Haihang Industry Co. Ltd
-
6.4.3 Hubei Hongyuan Pharmaceutical Technology Co. Ltd
-
6.4.4 Jiaxing Zhonghua Chemical Co.,LTD.
-
6.4.5 Marcelo Roberto Pressi
-
6.4.6 STAN Chemical Co, Ltd.
-
6.4.7 WeylChem International GmbH
-
6.4.8 Zhonglan Industry Co.,Ltd.
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
-
7.1 Increasing Focus Towards Bio-based Products
-
Glyoxylic Acid Industry Segmentation
The glyoxylic acid market report includes:
End-user | |
Personal Care and Cosmetics | |
Pharmaceuticals | |
Agrochemicals | |
Flavour Industry | |
Other End-users |
Geography | |||||||
| |||||||
| |||||||
| |||||||
Rest of the World |
Glyoxylic Acid Market Research FAQs
What is the current Glyoxylic Acid Market size?
The Glyoxylic Acid Market is projected to register a CAGR of greater than 5% during the forecast period (2023-2028).
Who are the key players in Glyoxylic Acid Market?
Akema S.r.l., Zhonglan Industry Co.,Ltd., Marcelo Roberto Pressi and STAN Chemical Co., Ltd are the major companies operating in the Glyoxylic Acid Market.
Which is the fastest growing region in Glyoxylic Acid Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Glyoxylic Acid Market?
In 2023, the Asia Pacific accounts for the largest market share in the Glyoxylic Acid Market.
Glyoxylic Acid Industry Report
Statistics for the 2023 Glyoxylic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Glyoxylic Acid analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.