Glyoxylic Acid Market Size, Share, Trends, Growth Outlook

Global Glyoxylic Acid Market Size is valued at $1.3 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.7% to reach $2 Billion by 2032.

The global Glyoxylic Acid Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By End-User (Personal Care and Cosmetics, Pharmaceuticals, Agrochemicals, Flavour Industry, Others), By Form (Powder, Liquid).

An Introduction to Glyoxylic Acid Market in 2024

Glyoxylic acid is a versatile organic compound with a wide range of industrial applications in 2024. It is used as a key intermediate in the synthesis of various chemicals, pharmaceuticals, agrochemicals, and cosmetic products. Glyoxylic acid is produced commercially by the oxidation of glyoxal or by the hydrolysis of oxalic acid. It serves as a building block for the production of chemicals such as glycolic acid, oxalic acid, vanillin, and imidazole derivatives. In the pharmaceutical industry, glyoxylic acid is used in the synthesis of antibiotics, antihypertensive drugs, and other pharmaceutical intermediates. In agrochemicals, it is employed as a precursor for herbicides, insecticides, and fungicides. Glyoxylic acid is also used in the production of hair straightening agents, textile dyes, and leather tanning agents in the cosmetic and textile industries. Additionally, glyoxylic acid is utilized as a reducing agent, catalyst, and stabilizer in various chemical processes. With its diverse applications and importance as a chemical intermediate, glyoxylic acid plays a critical role in the manufacturing of a wide range of products essential for modern society.

Glyoxylic Acid Market Competitive Landscape

The market report analyses the leading companies in the industry including Akema S.r.l., Amzole India Pvt. Ltd, Ensince Industry Co. Ltd, Haihang Industry, Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Jiaxing Zhonghua Chemical Co. Ltd, STAN Chemical Co. Ltd, WeylChem International GmbH, Xinjiang Guolin New Materials Co. Ltd, Zhonglan Industry Co. Ltd, and others.

Glyoxylic Acid Market Dynamics

Market Trend: Growing Demand for Natural and Sustainable Ingredients

An emerging trend in the glyoxylic acid market is the increasing demand for natural and sustainable ingredients in various industries such as cosmetics, pharmaceuticals, and agrochemicals. Consumers are becoming more conscious of the products they use, leading to a preference for eco-friendly and ethically sourced raw materials. Glyoxylic acid, derived from renewable sources such as plants or bio-based processes, is gaining popularity as a versatile ingredient with numerous applications. This trend is driving manufacturers to innovate and develop sustainable production methods for glyoxylic acid to meet the growing demand for natural alternatives.

Market Driver: Expanding Applications in Hair Straightening and Textile Industries

A significant driver fueling the glyoxylic acid market is its expanding applications in the hair straightening and textile industries. Glyoxylic acid is used as a key ingredient in hair straightening treatments, providing a safer and more effective alternative to traditional chemical relaxers. Additionally, it is employed in the textile industry as a dye fixative and colorant, enhancing the color retention and durability of fabrics. With the increasing demand for hair care products and textiles globally, the demand for glyoxylic acid is expected to rise, driving market growth.

Market Opportunity: Advancements in Pharmaceutical and Agrochemical Sectors

A promising opportunity for the glyoxylic acid market lies in advancements in the pharmaceutical and agrochemical sectors. Glyoxylic acid serves as a precursor in the synthesis of various pharmaceutical intermediates and active ingredients, contributing to the development of drugs for diverse therapeutic areas. Furthermore, it is used in the production of agrochemicals such as herbicides and insecticides, aiding in crop protection and pest management. With ongoing research and development efforts in these sectors, there is a potential for the expansion of glyoxylic acid applications, creating new opportunities for market growth and diversification.

Glyoxylic Acid Market Share Analysis: Personal Care and Cosmetics segment generated the highest revenue in 2024

The Personal Care and Cosmetics segment is the largest segment in the Glyoxylic Acid Market. Glyoxylic acid serves as a key ingredient in various personal care and cosmetic products due to its versatile properties and wide range of applications. It is commonly used in hair straightening treatments, where it helps break down keratin bonds to achieve smoother and straighter hair texture. Additionally, glyoxylic acid finds use in hair smoothing and frizz-reducing formulations, skin care products, and as a pH adjuster in cosmetic formulations. The demand for personal care and cosmetic products continues to rise globally, driven by factors such as increasing disposable incomes, changing consumer lifestyles, and growing awareness about personal grooming and appearance. Moreover, the trend towards natural and organic ingredients in cosmetics further boosts the demand for glyoxylic acid, as it can be derived from renewable sources such as plant-based materials. As a result, the personal care and cosmetics segment remains the largest and most lucrative end-user segment in the Glyoxylic Acid Market, offering manufacturers and suppliers significant opportunities for growth and innovation in the beauty and personal care industry.

Glyoxylic Acid Market Share Analysis: Liquid Form is poised to register the fastest CAGR over the forecast period

The Liquid form is the fastest-growing segment in the Glyoxylic Acid Market. Liquid glyoxylic acid offers potential advantages over its powdered counterpart, including ease of handling, transportation, and incorporation into various industrial processes. Liquid glyoxylic acid is highly soluble in water, making it convenient for formulation into aqueous solutions used in a wide range of applications such as hair straightening treatments, textile processing, and chemical synthesis. Additionally, liquid glyoxylic acid exhibits greater homogeneity and uniformity compared to powdered form, ensuring consistent performance and quality in end-use applications. Moreover, advancements in manufacturing technologies and process optimization have led to the development of highly concentrated liquid glyoxylic acid solutions, offering increased efficiency and cost-effectiveness for industrial users. As a result, the liquid form of glyoxylic acid experiences rapid adoption and growth in the market, catering to the evolving needs of various industries for high-quality and versatile chemical solutions.

Glyoxylic Acid Market

By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
LiquidCountries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Glyoxylic Acid Companies Profiled in the Study

Akema S.r.l.
Amzole India Pvt. Ltd
Ensince Industry Co. Ltd
Haihang Industry
Hubei Hongyuan Pharmaceutical Technology Co. Ltd
Jiaxing Zhonghua Chemical Co. Ltd
STAN Chemical Co. Ltd
WeylChem International GmbH
Xinjiang Guolin New Materials Co. Ltd
Zhonglan Industry Co. Ltd
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Glyoxylic Acid Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Glyoxylic Acid Market Size Outlook, $ Million, 2021 to 2032
3.2 Glyoxylic Acid Market Outlook by Type, $ Million, 2021 to 2032
3.3 Glyoxylic Acid Market Outlook by Product, $ Million, 2021 to 2032
3.4 Glyoxylic Acid Market Outlook by Application, $ Million, 2021 to 2032
3.5 Glyoxylic Acid Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Glyoxylic Acid Industry
4.2 Key Market Trends in Glyoxylic Acid Industry
4.3 Potential Opportunities in Glyoxylic Acid Industry
4.4 Key Challenges in Glyoxylic Acid Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Glyoxylic Acid Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Glyoxylic Acid Market Outlook by Segments
7.1 Glyoxylic Acid Market Outlook by Segments, $ Million, 2021- 2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

8 North America Glyoxylic Acid Market Analysis and Outlook To 2032
8.1 Introduction to North America Glyoxylic Acid Markets in 2024
8.2 North America Glyoxylic Acid Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Glyoxylic Acid Market size Outlook by Segments, 2021-2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

9 Europe Glyoxylic Acid Market Analysis and Outlook To 2032
9.1 Introduction to Europe Glyoxylic Acid Markets in 2024
9.2 Europe Glyoxylic Acid Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Glyoxylic Acid Market Size Outlook by Segments, 2021-2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

10 Asia Pacific Glyoxylic Acid Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Glyoxylic Acid Markets in 2024
10.2 Asia Pacific Glyoxylic Acid Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Glyoxylic Acid Market size Outlook by Segments, 2021-2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

11 South America Glyoxylic Acid Market Analysis and Outlook To 2032
11.1 Introduction to South America Glyoxylic Acid Markets in 2024
11.2 South America Glyoxylic Acid Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Glyoxylic Acid Market size Outlook by Segments, 2021-2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

12 Middle East and Africa Glyoxylic Acid Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Glyoxylic Acid Markets in 2024
12.2 Middle East and Africa Glyoxylic Acid Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Glyoxylic Acid Market size Outlook by Segments, 2021-2032
By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Akema S.r.l.
Amzole India Pvt. Ltd
Ensince Industry Co. Ltd
Haihang Industry
Hubei Hongyuan Pharmaceutical Technology Co. Ltd
Jiaxing Zhonghua Chemical Co. Ltd
STAN Chemical Co. Ltd
WeylChem International GmbH
Xinjiang Guolin New Materials Co. Ltd
Zhonglan Industry Co. Ltd

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By End-User
Personal Care and Cosmetics
Pharmaceuticals
Agrochemicals
Flavour Industry
Others
By Form
Powder
Liquid
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)