The glyoxylic acid market is forecasted to grow by USD 192.5 million during 2023-2028, accelerating at a CAGR of 4.49% during the forecast period. The report on the glyoxylic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from cosmetics industry, increasing agriculture activities, and increasing demand for glyoxylic acid from agrochemicals.
Technavio's glyoxylic acid market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.23%
CAGR
4.49%
Incremental Value
$192.5mn
By End-user
Cosmetics and personal care
Pharmaceutical
Agrochemicals
Aromas
Others
By Geography
North America
APAC
Europe
South America
Middle East and Africa
This study identifies the surging demand from apac and north america as one of the prime reasons driving the glyoxylic acid market growth during the next few years. Also, increase in r and d of therapeutic vaccines and increasing application of vanillin in aromas and flavors in food and beverage industry will lead to sizable demand in the market.
The report on the glyoxylic acid market covers the following areas:
Glyoxylic acid market sizing
Glyoxylic acid market forecast
Glyoxylic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glyoxylic acid market vendors that include Akema Srl, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem SIA, Haihang Industry Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Zhonghua Chemical Co. Ltd., Mehul Dye Chem Industries, Merck KGaA, Parchem Fine and Specialty Chemicals Inc., Phibro Animal Health Corp., Saanvi Corp., Shandong Xinhua Pharmaceutical I and E Co. Ltd., STAN Chemical Co. Ltd., The Chemours Co., Water Chemical Co. Ltd., WeylChem International GmbH, and Zhonglan Industry Co. Ltd.. Also, the glyoxylic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Glyoxylic Acid Market 2018 - 2022
Historic Market Size - Data Table on Global Glyoxylic Acid Market 2018 - 2022 ($ million)