Glyoxal Market Forecast And Growth 2028

Glyoxal has witnessed significant demand as an effective crosslinking agent for proteinaceous materials, polyacrylamide, polyvinyl alcohol, and cellulose. Several industry verticals also seek glyoxal as a good crosslinker, particularly industries such as leather, cosmetics, paper, textile, and oil & gas.

Although application of glyoxal resins in the denim finishing is considered to be relatively new, their application is becoming a radical procedure owing to multiple attributes that they impart to garments. Glyoxal also finds significant demand for use in disinfectants, along with its application as a building block in certain epoxy resins.

Pharmaceutical-grade glyoxal has sought extensive demand as a precursor for manufacturing numerous chemical products, while industrial-grade glyoxal has been used as a raw material across a wide range of verticals. The packaging industry has been increasingly focusing on technological developments, in tandem with growing demand for packaged foods worldwide.

The primary objective behind this is widening the suitability of food products including prepared mixes, microwavable, shelf-stable, chilled, and frozen. Glyoxal acts as a key ingredient in such developments of the packaging industry, thereby witnessing significant demand. Future prospects for glyoxal are likely to be promising with glyoxal oxidase deemed to represent functional variants, which are expected to evolve to distinct catalytic roles.

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Concerns regarding use of carcinogenic formaldehyde in the wood adhesive industry have been emphasized recently, along with their impacts on economy issues, environment, and human health. Recent studies have deemed lignin-phenol-glyoxal (LPG) as an alternative method, which would replace formaldehyde in the commercially available wood adhesives.

Glyoxal Market: Introduction

Glyoxal is an organic compound that belongs to the aldehyde group and has the chemical formula OCHHO (CAS Number: 107-22-2). Its IUPAC name is Oxaldehyde. It is yellow in color and is available in liquid form at normal temperatures and is highly reactive in nature. Glyoxal can be prepared by oxidizing ethanol or acetaldehyde with nitric. Glyoxal, owing to its versatile properties, is widely employed in various applications and as an intermediate in several industries, such as oil & gas, packaging, paper and textile & leather industries, along with oil & gas industries. Owing to its low moisture retention characteristic, glyoxal is also used in food packaging and paper manufacturing. In the textile industry, glyoxal is used as a cross-linking agent with cellulose to avoid cellulose swelling, thereby enhancing product quality and resulting in soft and wrinkle-free textiles. In the oil & gas industry, glyoxal is an important chemical intermediate that enhances oil recovering and an efficient solution for scavenging applications, such as sulfide scavenging in gas sweetening, etc. Furthermore, according to the OECD guidelines, glyoxal is considered to be an environment-friendly compound owing to its biodegradable nature.

Glyoxal Market: Market Dynamics

The glyoxal Market is expected to witness significant growth in near future. The boom in demand for glyoxal from various end-use industry, such as textile, oil & gas, paper and packaging, is expected to be one of the key drivers set to augment the market in the near future. Furthermore, owing to increasing environmental concerns and increasing preference for paper packaging over polymer food packaging are the two factors expected to drive the growth of glyoxal market over the forecast period.

Besides known applications, glyoxal will show significant potential for new applications, some of which are still in the early stages of development. For instance, glycol shows high potential in the substitution of aldehydes, e.g. formaldehyde or glutaraldehyde. Further, prominent players are investing in research and development activities. For example, BASF is working on formulating a Glyoxal disinfect for co-biocide applications.

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Glyoxal Market: Segmentation

On the basis of application, the global glyoxal market can be categorized as:

  • Cross-Linking Polymer
  • Sulfur Scavenger

On the basis of end-use industry, the global glyoxal market can be categorized as:

  • Oil & Gas
  • Textile
  • Paper & Packaging
  • Leather
  • Personal Care
  • Others

Glyoxal Market: Regional Outlook

The global glyoxal market, by region, is segmented into North America, Latin America, Eastern Europe, Western Europe, South East Asia & Pacific (SEAPAC), China, Japan and MEA. China leads the global glyoxal market and is followed by North America and South East Asia & Pacific. Rise in demand from oil and gas sector and textile industry is projected to boost the glyoxal market in China over the forecast period. South East Asia & Pacific is projected to offer immense growth opportunities for the growth of the glyoxal market over the forecast period. The glyoxal market in the region is expected to benefit from various, factors such as rapid industrialization and urbanization, leading to growing number of manufacturing activities. North America is expected to witness steady increase in demand for glyoxal over the forecast period. Increasing oil & gas exploration activities and boom in shale gas reserve along with strong demand from food packaging industry in the region are projected to drive the growth of the glyoxal market over forecast period.

Europe is expected to witness average growth compared to the other regions. Growth in demand for glyoxal owing to increasing demand from textile industry and growth of packaging industry will add to the growth of the glyoxal market during the forecast period. Middle East & Africa is expected to grow at a steady rate over the forecast period owing to recovery in economic conditions and increasing foregoing direct investment in the manufacturing sector in Mexico and Brazil. Latin America glyoxal market is expected to create significant opportunities for the glyoxal manufactures in the region.

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