Market Size of Glyoxylic Acid Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 207.58 kilotons |
| Market Volume (2029) | 283.06 kilotons |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Glyoxylic Acid Market Analysis
The Glyoxylic Acid Market size is estimated at 207.58 kilotons in 2024, and is expected to reach 283.06 kilotons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The COVID-19 outbreak caused nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- Glyoxylic Acid is widely used as a neutralizing agent in the personal care and cosmetic industry, which is expected to fuel market growth.
- On the flip side, environmental regulation regarding emission control and waste disposal challenges generated during the manufacturing of glyoxylic acid is anticipated to restrain the growth of the market over the forecast period.
- Further, the growing technological advancements concerning the use of glyoxylic acid in the pharmaceutical sector are likely to create lucrative growth opportunities for the global market in the future.
- The Asia-Pacific region dominated the market around the world, with countries like China, India, and Japan being the biggest consumers.
