Glyoxylic Acid Market Growth with Worldwide Industry Analysis to 2029

Posted by ankush Nikam on October 24th, 2019

Glyoxylic acid is an organic colorless chemical compound. It is a colorless liquid/solid that occurs naturally, and it has wide application across the various industries. Glyoxylic acid has low melting and high boiling point. Together with glycolic acid, acetic, acid, and oxalic acid, glyoxylic is one of the C2 carboxylic acids. Aqueous solution of the glyoxylic acid light yellow or transparent colorless liquid, which is soluble in water and ethanol and partially soluble in the organic solvents. Glyoxylic is a highly reactive chemical compound and strong acid having two functional groups such as a carboxylic group and an aldehyde group. Owing to its bi-functionality, glyoxylic acid is a versatile reagent in fine and organic chemical syntheses. Furthermore, glyoxylic acid and its derivatives are widely used across the various industries for different application such as reducing agent for electroless copper plating, visual detection of biogenic amines, and derivative for oomycete fungicides. Moreover, glyoxylic acid plays a key role in the human metabolite, which acts as an intermediate of the glyoxylate cycle and enables the certain orgasms of the human body to convert the fatty acid into carbohydrates.

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Glyoxylic acid Market: Dynamics

Globally, the glyoxylic acid consumption is predominantly driven by the growing demand from the various end-use industries such as pharmaceutical, personal care & cosmetics, and agrochemicals among others for various applications across the globe. Glyoxylic acid derivative allantoin is broadly used in the cosmetics and personal care industry, because of its activeness in skin softening and cell regeneration by the precipitating proteins on skins. The global healthcare landscape is changing rapidly and people are spending more on their health-related needs. Factors, such as changing lifestyles, food habits, sleeping habits, etc., are contributing to this change. With people getting more health-conscious, the demand for pharmaceuticals is increasing across the globe. Furthermore, the growing demand for fungicides in the global agrochemical industry for pest control and enhancing crop productivity also play a key role in the growth of the glyoxylic acid market. All such kind of macro factors is projected to lay a strong platform for the glyoxylic acid market growth during the forecast period. However, the limited application and market consolidation in some regions across the globe are anticipated to hampering the glyoxylic acid market growth in the upcoming years.

Glyoxylic acid Market: Segmentation

Global glyoxylic acid market can be segmented on the basis of form, product type, derivatives, end-use industry, and region.

Based on the form, the glyoxylic acid market is segmented into:

• Solid
• Liquid

Based on the product type, the glyoxylic acid market is segmented into:

• Glyoxylic Acid 50%
• Glyoxylic Acid 40%

Based on the derivatives, the glyoxylic acid market is segmented into:

• Vanillin
• Allantoin
• 2- hydroxyl- phosphine acetic acid
• p-Hydroxyphenylglycine
• Others

Based on the end-use industry, the glyoxylic acid market is segmented into:

• Cosmetics and Personal Care
• Pharmaceutical
• Agrochemicals
• Aromas
• Others

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint