The global Glyoxal Market size was USD 287.6 Million in 2021 and is expected to register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by the growing use of glyoxal in paint and other coatings.
The chemical compound glyoxal can be used to cure epoxy resins. The substance is found in a variety of products, including paints and other coatings. Construction companies use epoxy resins to create solid adhesives and coatings. As they have good resistance to chemicals and heat, they can be used in a variety of applications. A polymer like epoxy resin is made up of two types of molecules that react with curing agents to produce the final product. This reaction causes the product to harden, forming an adhesive or hard surface. Therefore, glyoxal is mainly used to crosslink epoxy resins containing nitrogen atoms instead of oxygen.
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Top Companies: BASF SE, Thermo Fisher Scientific, Inc., Dow, Silver Fern Chemical, Synthomer plc, Huntsman International LLC, Reliance Industries Limited, INEOS, Amzole India Pvt. Ltd, and Tokyo Chemical Industry Co. Ltd.
Further Key Finding from the Report Suggestion:
- Crosslinking segment is expected to register a rapid revenue growth rate during the forecast period owing to the growing need to increase the crystallinity of polymer networks to improve their mechanical strength. Also, powder coatings, liquid can coatings, and coil coatings use glyoxal to produce glycoluril-based amino crosslinking resins. Glyoxal is widely used to crosslink materials in a variety of industries, including textiles, oil gas, paper packaging, leather, cosmetics, and personal care products. These factors are expected to drive revenue growth of the segment during the forecast period.
- Online segment accounted for the largest revenue share over the forecast period owing to the growing need for time and effort saving. Increasingly, online distribution channels are becoming popular because they provide a wide range of products and allow consumers to compare prices. Increasing convenience for customers and good discounts on products have also contributed to the growth of the segment.
- The cosmetics segment is expected to register a steady revenue growth rate during the forecast period. Glyoxal is used in face and neck cosmetic products, both as basecoats and undercoats. In addition, glyoxal is safe to use in nail care products at 1.25% concentrations. The chemical is an antimicrobial preserving agent that produces formaldehyde in beauty care products. As a result, it is used for cross-linking hydrocolloids in cosmetics to improve their quality.
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The global Glyoxal Market is segmented into:
Application Outlook (Revenue, USD Million, Volume, Kiloton; 2019-2030)
- Crosslinking
- Intermediate
- Others
Distribution Channel Outlook (Revenue, USD Million, Volume, Kiloton; 2019-2030)
- Online
- Offline
Industry Vertical Outlook (Revenue, USD Million, Volume, Kiloton; 2019-2030)
- Textile
- Leather
- Resins Polymers
- Cosmetics
- Paper Packaging
- Oil Gas
- Pharmaceutical
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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