Glyoxylic acid or oxoacetic acid is an organic compound that is both an aldehyde and a carboxylic acid. Glyoxylic acid is a liquid and is an intermediate of the glyoxylate cycle, which enables certain organisms to convert fatty acids into carbohydrates.
Glyoxylic acid, a colorless to yellowish liquid, has wide applications, such as: as key intermediate in the pharma or agro industries, flavors and fragrances, dyestuff and fine chemicals, cosmetics as in hair straightening formulations. It can be manufactured industrially by nitric acid oxidation of glyoxal, and was also manufactured by oxidative cleaveage of maleic acid methyl ester by ozone, or manufactured through electroreduction of oxalic acid. For the most manufacturers of glyoxylic acid, nitric acid oxidation of glyoxal is the preferred manufacturing method.
Europe and China are major production bases of glyoxylic acid for the time being. Moreover, China is the largest producer of glyoxylic acid, accounting for 88.57% market share in 2015.
Aromas is the largest consumer of glyoxylic acid. Glyoxylic acid, acts as an intermediate, is usually used to produce vanillin, atenolol, DL-p-hydroxyphenylglycine, DL-p-hydroxyphenylhydantoin. Also, glyoxylic acid is the raw material source of allantoin. Taking vanillin as example, vanillin is mainly used as a flavouring agent, primarily in foods and beverages such as chocolate and dairy products, but also to mask unpleasant tastes in medicines or livestock fodder. It is also an intermediate in the manufacture of certain pharmaceuticals and agrochemicals.
The top three suppliers of glyoxylic acid, Hubei Hongyuan, Zhonglan Industry, Zhonghua Chemical, all locate in China, contributing about 49.64% sales market share in 2015. Global total consumption of glyoxylic acid was 122305 MT in 2015, increasing slightly from 118789 MT in 2011. According to insiders of glyoxylic acid, the market is not promising for the time being, considering the downstream demand.
The global Glyoxylic Acid market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Glyoxylic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Glyoxylic Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Hubei Shunhui Bio-Technology
Guangdong Hongyuan New Material
Shijiazhuang Haosheng Chemical
By the product type, the market is primarily split into
Glyoxylic Acid 50%
Glyoxylic Acid 40%
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Glyoxylic Acid market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Glyoxylic Acid market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Glyoxylic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Glyoxylic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Glyoxylic Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Glyoxylic Acid are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Glyoxylic Acid market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Glyoxylic Acid market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.