Glyoxylic acid Market: Introduction
Glyoxylic acid is an organic colorless chemical compound. It is a colorless liquid/solid that occurs naturally, and it has wide application across various industries. Glyoxylic acid has a low melting and high boiling point. Together with glycolic acid, acetic, acid, and oxalic acid, glyoxylic is one of the C2 carboxylic acids. Aqueous solution of the glyoxylic acid light yellow or transparent colorless liquid, which is soluble in water and ethanol and partially soluble in the organic solvents.
Glyoxylic is a highly reactive chemical compound and strong acid having two functional groups such as a carboxylic group and an aldehyde group. Owing to its bi-functionality, glyoxylic acid is a versatile reagent in fine and organic chemical syntheses. Furthermore, glyoxylic acid and its derivatives are widely used across various industries for different applications such as reducing agents for electroless copper plating, visual detection of biogenic amines, and derivative for oomycete fungicides.
Moreover, glyoxylic acid plays a key role in the human metabolite, which acts as an intermediate of the glyoxylate cycle and enables certain orgasms of the human body to convert the fatty acid into carbohydrates.
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Glyoxylic acid Market: Regional outlook
Geographically, the Asia Pacific is one of the leading producer and consumer of the glyoxylic acid, and it is estimated to account for dominant market share in the global glyoxylic acid market throughout the forecast period. In the emerging economies of the Asia Pacific growth of various end-use industries such as agrochemicals, pharmaceutical, and personal care & cosmetics are primarily projected the Asia Pacific as a lucrative region during the forecast period.
Together, North America and Europe are estimated to hold a significant share in the global glyoxylic acid market and grow at a steady pace during the forecast period. Because of the well-established pharmaceutical and personal care industry in those regions.
Latin America is projected to witness significant growth in the global glyoxylic acid market during the forecast period, owing to the growing demand for fungicides in the agriculture industry. Moreover, the Middle East and Africa are expected to witness steady growth in the global glyoxylic acid market in the upcoming years, because of inaugurating new research and development centers in the various end-use industries across the regions.
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Glyoxylic acid Market: Market participants
Some of the market participants involved in the Glyoxylic acid market are:
- Arkema S.A.
- Haihang Industry Co., Ltd.
- WeylChem International GmbH
- STAN Chemical Co., Ltd.
- Zhonglan Industry Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Labeyond Chemicals Co., Ltd.
- Hubei Hongyuan Pharmaceutical technology Co., Ltd.
- Amzole India Pvt. Ltd.
- A.B. Enterprises
- Merck KGaA
Glyoxylic acid Market: Segmentation
Global glyoxylic acid market can be segmented on the basis of form, product type, derivatives, end-use industry, and region.
Based on the form, the glyoxylic acid market is segmented into:
Based on the product type, the glyoxylic acid market is segmented into:
- Glyoxylic Acid 50%
- Glyoxylic Acid 40%
Based on the derivatives, the glyoxylic acid market is segmented into:
- 2- hydroxyl- phosphine acetic acid
Based on the end-use industry, the glyoxylic acid market is segmented into:
- Cosmetics and Personal Care
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