Pune, Maharashtra -- (SBWIRE) -- 06/28/2019 -- Glyoxal Market – Definition
Glyoxal is an organic compound and the smallest dialdehyde with the chemical formula OCHCH O. Glyoxal is a crystalline solid, soluble in water and extremely weak basic compound. At lower temperatures, it appears white, near melting point yellow and glyoxal's vapor is green in color. Glyoxal's IUPAC name is Oxaldehyde and it is derived from ethylene glycol.
Glyoxal Market – About the Report
Fact.MR has published a study on glyoxal market and published a report titled, "Glyoxal Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027." The glyoxal market report covers all the vital aspects of the market that hold significant influence on the growth of the glyoxal market. The glyoxal market report also provides an exhaustive analysis of market drivers, restraints, opportunities and trends prevailing in the marketplace. A comprehensive analysis of the competitive landscape in the glyoxal market can also be found in the report. In addition, inclusion of associated industry analysis, regional analysis and market attractive analysis makes the glyoxal market report assessment most credible.
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Glyoxal Market – Segmentation
The glyoxal market is thoroughly studied for the opportunities, demand trends and other forecast factors prevailing in the marketplace and hold significant influence on the future growth trajectory of the glyoxal market. Based on the thorough assessment, the glyoxal market is segmented on the basis of end use and application. In addition, the glyoxal market segmentation also covers regional analysis along with an extensive country-wise assessment of the glyoxal market.
Multinationals Continue to Consolidate Their Position, Holding Over 80% Share
BASF SE is the front runner in the glyoxal market, with around 80 thousand metric tons of glyoxal annual output and over 30% of the glyoxal market revenues. The company is a prominent provider of glyoxal in the enhanced oil recovery application as well as in the gas industry. DowDuPont and Zhonglan Industry Co. Ltd are close competitors of BASF trying to broaden their consumer base and introduce novel blends with traditional excellence in chemical manufacturing to stand out in the market.
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Hubei Hongyuan Pharmaceutical Technology Co., Ltd. and Mitsubishi Chemical Corporation are other important competitors and with DowDuPont and Zhonglan Industry, the four companies collectively hold over 52% of the glyoxal market revenue share. Other leading players in the glyoxal market are Huntsman Corporation, Amzole India Pvt. Ltd. and Celanese Corporation who are also important contenders in the glyoxal marketplace.
Opportunities for Glyoxal Market with a Healthy Outlook of Oil & Gas Sector
The oil and gas industry is realigning after witnessing last few years of weak prices. With increased productivity efficiency, the U.S. oil production has increased and is likely to observe an upward growth trend in the future. The scenario is similar in developing economies as well, thereby driving the demand for enhanced oil recovery owing to increased oil wells development.
Glyoxal is an important crosslinking intermediate which aids in the oil extraction process of the immiscible phase. Also, during the process of enhanced oil recovery (EOR), fracturing fluids in the presence of glyoxal as a chemical intermediate perform better. Glyoxal forms the crosslinking between polymers of fracturing fluid, thereby increasing fluid's viscosity and allowing to create fracture in oil sediments and ultimately releasing the crude. The important role of glyoxal in the oil & gas sector is expected to fit well in the sectors optimistic outlook wherein manufacturers will witness industry profitability.
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Glyoxal Gains Momentum as a Potential Aldehyde Substitute
Glyoxal's use as a formaldehyde substitute in wood adhesive applications is known for a long time. A number of studies are underway to use glyoxal as an aldehyde substitute. Especially studies are in pipeline to develop glyoxal as a formalin or formaldehyde substitute. Formaldehyde finds extensive application in the production of industrial resins and is an important precursor to multiple chemicals and other materials. However, harmful effects of formaldehyde on human health are well studied and according to the US National Toxicology Program, formaldehyde is classified as a human carcinogen.
Studies have shown that glyoxal can be used as an alternative fixative to formaldehyde in super-resolution microscopy and immunostaining, and acid-free glyoxal can be used as a formalin substitute in tissue sample preservation. Also, one of the industry titan, BASF SE, is engaged in formulating a co-biocide using a blend of glyoxal and glutaraldehyde in disinfectants used in veterinary hygiene and the health industry. Identification of glyoxal as a potential substitute of formaldehyde and glutaraldehyde is likely to generate lucrative opportunities for glyoxal market in the future.
Table of Contents Covered in the report are:
Chapter 1 Global Glyoxal Market - Executive Summary
Chapter 2 Global Glyoxal Market Overview
2.1.1 Global Glyoxal Market Taxonomy
2.1.2 Global Glyoxal Market Definition
2.2 Global Glyoxal Market Size (US$ Mn & Volume) and Forecast,
2.2.1 Global Glyoxal Market Y-o-Y Growth
2.3 Global Glyoxal Market Dynamics
2.4 Supply Chain
2.5 Pricing Analysis
2.6 Forecast Scenario
2.7 Raw Material Sourcing Strategy and Analysis
2.8 Porter's Analysis
2.9 Investment Feasibility Matrix
Chapter 3 Global Glyoxal Market Analysis and Forecast
3.1 Global Glyoxal Market Size and Forecast By End Use
3.1.1 Oil & Gas Market Size and Forecast
22.214.171.124 Revenue (US$ Mn) & Volume Comparison, By Region
126.96.36.199 Market Share Comparison, By Region
188.8.131.52 Y-o-Y growth Comparison, By Region
3.1.2 Textile Market Size and Forecast
184.108.40.206 Revenue (US$ Mn) & Volume Comparison, By Region
220.127.116.11 Market Share Comparison, By Region
18.104.22.168 Y-o-Y growth Comparison, By Region
3.1.3 Paper & Packaging Market Size and Forecast
22.214.171.124 Revenue (US$ Mn) & Volume Comparison, By Region
126.96.36.199 Market Share Comparison, By Region
188.8.131.52 Y-o-Y growth Comparison, By Region
3.1.4 Leather Market Size and Forecast
184.108.40.206 Revenue (US$ Mn) & Volume Comparison, By Region
220.127.116.11 Market Share Comparison, By Region
18.104.22.168 Y-o-Y growth Comparison, By Region
3.1.5 Personal Care Market Size and Forecast
22.214.171.124 Revenue (US$ Mn) & Volume Comparison, By Region
126.96.36.199 Market Share Comparison, By Region
188.8.131.52 Y-o-Y growth Comparison, By Region
3.1.6 Furniture Market Size and Forecast
184.108.40.206 Revenue (US$ Mn) & Volume Comparison, By Region
220.127.116.11 Market Share Comparison, By Region
18.104.22.168 Y-o-Y growth Comparison, By Region
3.1.7 Others Market Size and Forecast
22.214.171.124 Revenue (US$ Mn) & Volume Comparison, By Region
126.96.36.199 Market Share Comparison, By Region
188.8.131.52 Y-o-Y growth Comparison, By Region
3.2 Global Glyoxal Market Size and Forecast By Application
3.2.1 Cross-Linking Polymer Market Size and Forecast
184.108.40.206 Revenue (US$ Mn) & Volume Comparison, By Region
220.127.116.11 Market Share Comparison, By Region
18.104.22.168 Y-o-Y growth Comparison, By Region
3.2.2 Sulfur Scavenger Market Size and Forecast
22.214.171.124 Revenue (US$ Mn) & Volume Comparison, By Region
126.96.36.199 Market Share Comparison, By Region
188.8.131.52 Y-o-Y growth Comparison, By Region
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