Market Size of Glyoxal Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
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?
Glyoxal Market Analysis
The market for glyoxal is projected to register a CAGR of around 5% during the forecast period (2021-2026).
COVID-19 has negatively affected the glyoxal market. The governments in most of the countries have declared that the non-essential businesses must be closed during the lockdown and the toll on the paints & coatings and oil industries was acutely felt in the manufacturing and retail sales. This, in turn, has affected the glyoxal market negatively. The relaxation of lockdowns and the market's opening is an encouraging sign for the glyoxal market.
- Increasing applications of glyoxal in fabrics and growing demand for glyoxal as an intermediate are driving the market growth.
- Inhalation risks and associated fire hazards in the manufacture of glyoxal are expected to hinder the growth of the market studied.
- Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.
