Glyoxal Market Trend Analysis and Future Growth Prospects to 2030
Surging demand from the textile and leather industry and rising application in the oil and pharmaceutical industry are key factors driving market revenue growth
The global Glyoxal Market size
was USD 287.6 Million in 2021 and is expected to register a revenue CAGR of
4.4% over the forecast period, according to the latest report by Reports and
Data. Market revenue growth is expected to be driven by the growing use of
glyoxal in paint and other coatings.
The chemical compound glyoxal can be used to cure
epoxy resins. The substance is found in a variety of products, including paints
and other coatings. Construction companies use epoxy resins to create solid
adhesives and coatings. As they have good resistance to chemicals and heat,
they can be used in a variety of applications. A polymer like epoxy resin is
made up of two types of molecules that react with curing agents to produce the
final product. This reaction causes the product to harden, forming an adhesive
or hard surface. Therefore, glyoxal is mainly used to crosslink epoxy resins
containing nitrogen atoms instead of oxygen.
Get a sample of the report:
https://www.reportsanddata.com/sample-enquiry-form/3447
Top Companies: BASF SE,
Thermo Fisher Scientific, Inc., Dow, Silver Fern Chemical, Synthomer plc,
Huntsman International LLC, Reliance Industries Limited, INEOS, Amzole India
Pvt. Ltd, and Tokyo Chemical Industry Co. Ltd.
Further Key Finding from the Report
Suggestion:
·
Crosslinking segment
is expected to register a rapid revenue growth rate during the forecast period
owing to the growing need to increase the crystallinity of polymer networks to
improve their mechanical strength. Also, powder coatings, liquid can coatings,
and coil coatings use glyoxal to produce glycoluril-based amino crosslinking
resins. Glyoxal is widely used to crosslink materials in a variety of
industries, including textiles, oil & gas, paper & packaging, leather,
cosmetics, and personal care products. These factors are expected to drive
revenue growth of the segment during the forecast period.
·
Online segment
accounted for the largest revenue share over the forecast period owing to the growing
need for time and effort saving. Increasingly, online distribution channels are
becoming popular because they provide a wide range of products and allow
consumers to compare prices. Increasing convenience for customers and good
discounts on products have also contributed to the growth of the segment.
·
The cosmetics segment
is expected to register a steady revenue growth rate during the forecast
period. Glyoxal is used in face and neck cosmetic products, both as basecoats
and undercoats. In addition, glyoxal is safe to use in nail care products at
1.25% concentrations. The chemical is an antimicrobial preserving agent that
produces formaldehyde in beauty care products. As a result, it is used for
cross-linking hydrocolloids in cosmetics to improve their quality.
Download Summary: https://www.reportsanddata.com/download-summary-form/3447
The global Glyoxal Market is segmented
into:
Application Outlook (Revenue, USD Million,
Volume, Kiloton; 2019-2030)
·
Crosslinking
·
Intermediate
·
Others
Distribution Channel Outlook (Revenue, USD
Million, Volume, Kiloton; 2019-2030)
·
Online
·
Offline
Industry Vertical Outlook (Revenue, USD
Million, Volume, Kiloton; 2019-2030)
·
Textile
·
Leather
·
Resins & Polymers
·
Cosmetics
·
Paper & Packaging
·
Oil & Gas
·
Pharmaceutical
·
Others
Regional Outlook:
·
North
America (U.S.A., Canada, Mexico)
·
Europe (Italy,
U.K., Germany, France, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
·
Latin America (Chile,
Brazil, Argentina, Peru, Rest of Latin America)
·
Middle East &
Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What
are the dominating factors that are influencing the growth of the
industry?
- In
the forecast period, which market segment is expected to rise the most?
- What
are the risks and challenges that the industry is facing?
- In
the coming years, which area is projected to dominate the market?
- Who
are the major players in the market?
- What
kind of strategic business plans have they made?
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3447
Thank you for taking the time to read our article.
The report can be tailored to the needs of the client. Please contact us for
more details, and our team will tailor the report to your specific
requirements.
Browse More Reports:
Cartilage Repair Market:https://www.reportsanddata.com/report-detail/cartilage-repair-market
Compressor Oil Market:https://www.reportsanddata.com/report-detail/compressor-oil-market
Medical Processing Seals Market:https://www.reportsanddata.com/report-detail/medical-processing-seals-market
Ceramic Inks Market:https://www.reportsanddata.com/report-detail/ceramic-inks-market
About Us:
Reports and Data is a market research and
consulting company that provides syndicated research reports, customized
research reports, and consulting services. Our solutions purely focus on your
purpose to locate, target, and analyze consumer behavior shifts across
demographics, across industries, and help clients to make smarter business
decisions. We offer market intelligence studies ensuring relevant and
fact-based research across multiple industries, including Healthcare, Touch
Points, Chemicals, Products, and Energy. We consistently update our research
offerings to ensure our clients are aware of the latest trends existent in the
market. Reports and Data has a strong base of experienced analysts from varied
areas of expertise. Our industry experience and ability to develop a concrete
solution to any research problems provides our clients with the ability to
secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our
upcoming research report at https://www.reportsanddata.com/upcoming-reports
Comments
Post a Comment