Glyoxylic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by End-user (Personal Care and Cosmetics, Pharmaceuticals, Agrochemicals, Flavor Industry, and Other End-users), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

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Glyoxylic Acid Market Size

Glyoxylic Acid Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 5 %

Major Players

Glyoxylic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Glyoxylic Acid Market Analysis

The market for glyoxylic acid is expected to grow at a CAGR of more than 5% during the forecast period. Growing demand from agrochemicals is driving the demand of the market studied. Asia-pacific dominated the market with a significant share and is estimated to continue its dominance during the forecast period.

Glyoxylic Acid Industry Segmentation

The glyoxylic acid market report includes:

End-user
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Other End-users
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
United Kingdom
France
Germany
Italy
Rest of Europe
Rest of the World

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Glyoxylic Acid Market Trends

This section covers the major market trends shaping the Glyoxylic Acid Market according to our research experts:

Increasing demand from Personal Care and Cosmetics Sector

  • The demand for glyoxylic acid is gaining a lot of significance since the past few years from the personal care segment.
  • Glyoxylic acid is widely used as a neutralizing agent in the personal care industry.
  • Some of these areas of application include shampoos, lotions, conditioners, etc.
  • According to L’Oréal, the global skincare market is expected to grow at an average rate of around 7-8% annually through the forecast period.
  • The industry has witnessed a shift from demand from older consumers to a growing younger consumer base.
  • Owing to the boom in skincare products, various smaller manufacturers have ventured into the marketplace to avail of the benefits of the continuously thriving industry. This scenario is in turn expected to boost the market demand.
Glyoxylic Acid Market, Volume (%), by End-user, Global, 2019

China to Dominate the Asia-Pacific Market

Asia-Pacific is the major market for the glyoxylic acid market owing to the rising demand from end-users such as personal care & cosmetics, pharmaceuticals, and agrochemicals. China is the major consumer of the glyoxylic acid across the Asia-Pacific region. Cosmetics and personal care are one of the fastest-growing sectors in the country. Continuous growth in population is another factor fueling the demand for personal care. Additionally increasing the consumption of agrochemicals in the country with the increasing agriculture activities is boosting the demand of the market studied.

Glyoxylic Acid Market - Growth Rate by Region, 2020-2025

Glyoxylic Acid Industry Overview

The market studied is consolidated among the major players. Some of the key players in the market include Akema S.r.l., Zhonglan Industry Co.,Ltd. Marcelo Roberto Pressi, and STAN Chemical Co., Ltd., among others.

Glyoxylic Acid Market Leaders

  1. Akema S.r.l.

  2. Zhonglan Industry Co.,Ltd.

  3. Marcelo Roberto Pressi

  4. STAN Chemical Co., Ltd

*Disclaimer: Major Players sorted in no particular order

Glyoxylic Acid Market Concentration

Glyoxylic Acid Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing demand from Agrochemicals

      2. 4.1.2 Increasing Application of Vanillin in Aromas and Flavors in Food & Beverage Industry

    2. 4.2 Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user

      1. 5.1.1 Personal Care and Cosmetics

      2. 5.1.2 Pharmaceuticals

      3. 5.1.3 Agrochemicals

      4. 5.1.4 Flavour Industry

      5. 5.1.5 Other End-users

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 United Kingdom

        2. 5.2.3.2 France

        3. 5.2.3.3 Germany

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Akema S.r.l.

      2. 6.4.2 Haihang Industry Co. Ltd

      3. 6.4.3 Hubei Hongyuan Pharmaceutical Technology Co. Ltd

      4. 6.4.4 Jiaxing Zhonghua Chemical Co.,LTD.

      5. 6.4.5 Marcelo Roberto Pressi

      6. 6.4.6 STAN Chemical Co, Ltd.

      7. 6.4.7 WeylChem International GmbH

      8. 6.4.8 Zhonglan Industry Co.,Ltd.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Focus Towards Bio-based Products

**Subject to Availability
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Glyoxylic Acid Market Research FAQs

The Glyoxylic Acid Market is studied from 2018 - 2028.

The Glyoxylic Acid Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Akema S.r.l., Zhonglan Industry Co.,Ltd., Marcelo Roberto Pressi, STAN Chemical Co., Ltd are the major companies operating in Glyoxylic Acid Market.

Glyoxylic Acid Industry Report

Statistics for the 2023 Glyoxylic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Glyoxylic Acid analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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