Multinationals Continue to Consolidate Their Position, Holding Over 80% Share
BASF SE is the front runner in the glyoxal market, with around 80 thousand metric tons of glyoxal annual output and over 30% of the glyoxal market revenues.
The company is a prominent provider of glyoxal in the enhanced oil recovery application as well as in the gas industry. DowDuPont and Zhonglan Industry Co. Ltd are close competitors of BASF trying to broaden their consumer base and introduce novel blends with traditional excellence in chemical manufacturing to stand out in the market.
Hubei Hongyuan Pharmaceutical Technology Co., Ltd. and Mitsubishi Chemical Corporation are other important competitors and with DowDuPont and Zhonglan Industry, the four companies collectively hold over 52% of the glyoxal market revenue share.
Other leading players in the glyoxal market are Huntsman Corporation, Amzole India Pvt. Ltd. and Celanese Corporation who are also important contenders in the glyoxal marketplace.
Glyoxal Gains Momentum as a Potential Aldehyde Substitute
Glyoxal’s use as a formaldehyde substitute in wood adhesive applications is known for a long time. A number of studies are underway to use glyoxal as an aldehyde substitute.
Especially studies are in pipeline to develop glyoxal as a formalin or formaldehyde substitute. Formaldehyde finds extensive application in the production of industrial resins and is an important precursor to multiple chemicals and other materials.
However, harmful effects of formaldehyde on human health are well studied and according to the US National Toxicology Program, formaldehyde is classified as a human carcinogen.
Studies have shown that glyoxal can be used as an alternative fixative to formaldehyde in super-resolution microscopy and immunostaining, and acid-free glyoxal can be used as a formalin substitute in tissue sample preservation.
Also, one of the industry titan, BASF SE, is engaged in formulating a co-biocide using a blend of glyoxal and glutaraldehyde in disinfectants used in veterinary hygiene and the health industry.
Identification of glyoxal as a potential substitute of formaldehyde and glutaraldehyde is likely to generate lucrative opportunities for glyoxal market in the future.
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Glyoxal Demand to Increase as Chemical Industry Emphasizes on Sustainability
Major investments in the chemical industry are aimed at developing chemical intermediates with higher biodegradability. Glyoxal is one of the important chemical intermediates used across niche industry verticals for its higher biodegradability.
With the ongoing emphasis on sustainability across end-user industries, manufacturers in the glyoxal marketplace are actively engaged in introducing glyoxal compounds with higher sustainability grades.
Glyoxal provided by BASF SE is readily biodegradable and according to OECD 301C-E & 303A guideline, shows 90% decrease of dissolved organic carbon. Owing to its higher biodegradability, glyoxal is also accredited for its safe use in the food packaging industry.
According to the research carried out at Max Planck Institute of Colloids and Interfaces, lignin which is used as a promising materials in sustainable energy storage devices are studied to achieve enhanced charging and electrode stability with the crosslinking of glyoxal.
Glyoxal Demand as a Crosslinking Agent Continues to Grow
Owing to its low moisture retention characteristics, application of glyoxal as a crosslinking agent is highly popular across end-use industries such as textiles, paper & pulp, oil & gas, leather, cosmetics and wood hardening.
End-use industries continue to leverage benefits of glyoxal and consistent research and development activities ensure a promising future of the glyoxal marketplace with a number of innovative solutions already in the pipeline.
To deliver application-specific solutions, manufacturers closely work with the industry to align with the specific requirements. As a crosslinking agent, glyoxal provides comprehensive solutions for a huge number of chemical applications and hence is expected to witness significant demand for glyoxal in the coming years.
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Opportunities for Glyoxal Market with a Healthy Outlook of Oil & Gas Sector
The oil and gas industry is realigning after witnessing last few years of weak prices. With increased productivity efficiency, the U.S. oil production has increased and is likely to observe an upward growth trend in the future. The scenario is similar in developing economies as well, thereby driving the demand for enhanced oil recovery owing to increased oil wells development.
Glyoxal is an important crosslinking intermediate which aids in the oil extraction process of the immiscible phase. Also, during the process of enhanced oil recovery (EOR), fracturing fluids in the presence of glyoxal as a chemical intermediate perform better.
Glyoxal forms the crosslinking between polymers of fracturing fluid, thereby increasing fluid’s viscosity and allowing to create fracture in oil sediments and ultimately releasing the crude. The important role of glyoxal in the oil & gas sector is expected to fit well in the sectors optimistic outlook wherein manufacturers will witness industry profitability.
Textile Industry Prevails a Key End Use Vertical
As a product of choice for a number of applications, glyoxal finds extensive application in the textile industry. In textile manufacturing, the efficient crosslinking property of glyoxal leads to decreased water uptake during cellulose crosslinking. As glyoxal can efficiently bind to cellulose and avoid cellulosic swelling, its utilization in the textile industry continues to grow.
Also, with the textile industry witnessing a significant transformation on the back of evolving trends in the clothing landscape with increased demand for softer, non-woven and wrinkle-free fabrics. Increasing urbanization is further opportunities for new textile demand with urban consumers spending more on high-end clothing.
According to the World Trade Statistical Review 2018 by WTO, the world textile and apparel exports witnessed an increase of 4.2% and 2.8% in 2017 over 2016. With China, India and EU 28 at the helm of textile exports, the industry is expected to witness significant growth in the coming years, thereby alluding at industry profitability for glyoxal manufacturers.
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Glyoxal Market – Definition
Glyoxal is an organic compound and the smallest dialdehyde with the chemical formula OCHCHO. Glyoxal is a crystalline solid, soluble in water and extremely weak basic compound.
At lower temperatures, it appears white, near melting point yellow and glyoxal’s vapor is green in color. Glyoxal’s IUPAC name is Oxaldehyde and it is derived from ethylene glycol.
Glyoxal Market – About the Report
Fact.MR has published a study on glyoxal market and published a report titled, “Glyoxal Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The glyoxal market report covers all the vital aspects of the market that hold significant influence on the growth of the glyoxal market.
The glyoxal market report also provides an exhaustive analysis of market drivers, restraints, opportunities and trends prevailing in the marketplace. A comprehensive analysis of the competitive landscape in the glyoxal market can also be found in the report.
In addition, inclusion of associated industry analysis, regional analysis and market attractive analysis makes the glyoxal market report assessment most credible.
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Glyoxal market – Additional Questions Answered
In addition to the above-mentioned insights, the glyoxal market report also answers important questions of the industry as well as non-industry professional alike.
- What will be the size of glyoxal market in 2019 in terms of value and volume?
- Which region will the most lucrative for the glyoxal market during the assessment period?
- Which end-user will garner a significant bulk of the glyoxal demand in the future?
- What will be the volume consumption of crosslinking polymer glyoxal in 2019?
Glyoxal Market - Research Methodology
In the section of glyoxal market report, an exhaustive discussion about the robust research methodology followed during the course of the glyoxal market study can be found.
In the research methodology, a detailed step-wise analysis followed during the glyoxal market assessment is provided. Within which, a thorough discussion on primary and secondary research approaches is provided along with the list of resources used to carry out the glyoxal market research.
Glyoxal Market – Segmentation
The glyoxal market is thoroughly studied for the opportunities, demand trends and other forecast factors prevailing in the marketplace and hold significant influence on the future growth trajectory of the glyoxal market.
Based on the thorough assessment, the glyoxal market is segmented on the basis of end use and application.
In addition, the glyoxal market segmentation also covers regional analysis along with an extensive country-wise assessment of the glyoxal market.
Fact.MR has published a recent study on the glyoxal market and published a report titled, “Glyoxal Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The eight year outlook of the glyoxal market provides a comprehensive analysis of the glyoxal market which covers all the vital facets of the industry landscape.
The glyoxal market report covers important market insights starting from market research summary to an exhaustive discussion on the research methodology followed during the course of the glyoxal market research analysis.
Important market drivers, restraints, opportunities and trends in glyoxal market are covered that hold significant influence on the growth of the glyoxal market during the period of assessment.
The global market research analysis of the glyoxal market also includes a thorough analysis of glyoxal market is the key regions. In addition, every region was studied for the demand-supply and opportunity trends in important countries.
To deliver a seamless understanding of the glyoxal market, the report is divided into a total 11 chapters. Such sophisticated segmentation of the report enables the readers to easily navigate through the report and fathom an overall understanding of the glyoxal market throughout the assessment period.
Chapter 1 - Global Glyoxal Market - Executive Summary
The glyoxal market report commences with the chapter of the executive summary. In the chapter of the executive summary, readers can find information in terms of highlighted numbers such as CAGR, market size and revenues.
The highlighted numbers of the executive summary provides the readers with a brief yet affluent information about the glyoxal market.
Chapter 2 - Global Glyoxal Market Overview
This chapter of the glyoxal market includes information in terms of market introduction, glyoxal market forecast in terms of market size including value and volume as well as year over year growth.
The chapter also talks about glyoxal market dynamics that include all the important drivers, restraints, opportunities and trends prevailing in the glyoxal marketplace.
Other important information of the glyoxal market such as supply chain analysis, pricing analysis, forecast scenario, raw material sourcing analysis, porter’s analysis and investment feasibility matrix can be found in this chapter.
Chapter 3 - Global Glyoxal Market Analysis and Forecast
In this chapter, an in-detailed assessment of glyoxal market structure can be found. The glyoxal market is segmented on the basis of application and end users. On the basis of application, the glyoxal market is segmented into cross-linking polymer and sulfur scavenger. On the basis of end uses, the glyoxal market is segmented into oil & gas, textile, paper & packaging, leather, personal care, furniture and others.
The chapter also talks about the key regions wherein the glyoxal market analysis has been carried out. The key regions in the glyoxal market report include North America, Latin America, Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
Chapter 4 - North America Glyoxal Market Size and Forecast
This chapter delivers information on the performance of the glyoxal market in the North America region. The regional analysis of the glyoxal market in North America covers information such as country-wise assessment and a thorough analysis of all the market segmentation.
Chapter 5 - Latin America Glyoxal Market Size and Forecast
This chapter talks about the glyoxal market performance in the Latin America region. The regional analysis of the glyoxal market in Latin America is carried out for the historical period 2013-2018 and forecast period 2018-2027.
The chapter of the glyoxal market report also covers information related to country-wise assessment, market size forecast in terms of value and volume and an in-depth analysis of trends and opportunities prevailing in the region.
Chapter 6 - Europe Glyoxal Market Size and Forecast
In this chapter of the glyoxal market report, readers can find information on the performance of the glyoxal market in Europe region. The regional analysis of Europe glyoxal market includes in-detailed analysis of country-wise assessment and a comprehensive study of the glyoxal market structure.
Chapter 7 - Japan Glyoxal Market Size and Forecast
This chapter of the glyoxal market report covers information related to the growth performance of the glyoxal market in Japan. The glyoxal market analysis in Japan provides information such as a thorough analysis of glyoxal market trends and opportunities in the country and an exhaustive assessment of glyoxal market structure. The Japan glyoxla market analysis is carried out for the historical period 2013-2018 and forecast period 2018-2027.
Chapter 8 - APEJ Glyoxal Market Size and Forecast
The Asia Pacific excluding Japan (APEJ) glyoxal market analysis can be found in this chapter. This chapter of the glyoxal market report provides study of market facets that hold significant influence on performance of the glyoxal market during the forecast period.
The APEJ glyoxal market study covers a thorough analysis of the glyoxal market in key regional countries and an in-detailed glyoxal market structure analysis. The regional analysis is carried out for the historical period 2013-2018 and forecast period 2018-2027.
Chapter 9 - MEA Glyoxal Market Size and Forecast
This chapter of the glyoxal market report provides information on the performance of the glyoxal market in the Middle East and Africa (MEA) region. The MEA glyoxal market analysis provided in this chapter covers country-wise assessment and a thorough glyoxal market structure.
The MEA glyoxal market analysis provided in this chapter is carried out for the historical period 2013-2018 and forecast period 2018-2027.
Chapter 10 - Competitive Landscape
In this chapter of the glyoxal market report readers can find information on the competitive landscape of the glyoxal market. The competitive landscape of the glyoxal market includes information such as a comprehensive list of glyoxal market players. In addition, this chapter of the glyoxal market report provides information such as company revenue share, global market footprints, product offerings and notable developments.
Chapter 11 – Company Profiles
This chapter of the glyoxal market report provides information regarding a thorough profiles of all key companies operating in glyoxal marketplace. Company profile of every organization includes information such as product offerings, key business strategies, new product introductions and relative global market presence in terms of revenue share analysis.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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