Global Glyoxylic Acid Market is predicted to reach USD 0.95 billion at a CAGR of 5.27% during the forecast period

Market Research Future (MRFR) has published a research report on the “Global Glyoxylic Acid Market” that contains information from 2023 to 2032. The Global Glyoxylic Acid Market is estimated to register a CAGR of 5.27% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Glyoxylic Acid Market— Akema Fine Chemicals, Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Stan Chemicals, WeylChem International Gmbh, Zhonglan Industry Co, Haihang Industry Co. Ltd, and Zhonghua Chemical.

Market Highlights

Global glyoxylic acid market is accounted to register a CAGR of 5.27% during the forecast period and is estimated to reach USD 0.95 Billion by 2032.

Glyoxylic acid is a colorless organic compound with the chemical formula C2H2O3. It is an alpha-keto acid and is the simplest form of oxoacids derived from glyoxal. The structure of glyoxylic acid consists of a carboxylic acid group (COOH) attached to an aldehyde group (CHO), making it a two-carbon compound. Glyoxylic acid is an important intermediate in various chemical reactions and is utilized in different industries. It is commonly employed in organic synthesis to produce a variety of compounds, such as amino acids, pharmaceuticals, and agrochemicals. Additionally, glyoxylic acid is used in the preparation of specialty resins, plasticizers, and cosmetic ingredients.

Segment Analysis

The Global Glyoxylic Acid Market has been segmented based on Derivative, and Application.

Based on Derivative, the market is segmented into Allantoin, Vanillin, P-Hydroxyphenylglycine, DL-P-Hydroxy Phenylhydantoin, 2-Hydroxyl-Phosphine Acetic Acid, and Others. The dominance of the Allantoin category in the Glyoxylic Acid market is driven by its widespread use in personal care products and pharmaceuticals for its skin-soothing and healing properties.

Based on Application, the market is segmented into Personal Care & Cosmetics Ingredients, Pharmaceuticals, Aromas, Agrochemicals, and others. The dominance of the Personal Care & Cosmetics Ingredients category in the Glyoxylic Acid market is due to its extensive use as a key ingredient in hair straightening treatments and hair smoothing products.

Regional Analysis

The Global Glyoxylic Acid Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Glyoxylic Acid Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Glyoxylic Acid Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Glyoxylic Acid Market comprises of Middle East, Africa, and Latin America.

The Asia-Pacific region was a significant consumer and producer of Glyoxylic Acid. China and India were major contributors to the market's growth, driven by the expanding manufacturing industries and the rising demand for personal care products in these countries.

North American region the U.S. and Canada were significant players in the Glyoxylic Acid market. The demand in this region was primarily influenced by the growth of the pharmaceutical and agrochemical sectors.

Prominent consumers of Glyoxylic Acid in Europe, including Germany, the U.K., and France, utilized it across diverse industries, such as pharmaceuticals, agrochemicals, and personal care products.

Key Findings of the Study

• The Global Glyoxylic Acid Market is expected to reach USD 0.95 Billion by 2032, at a CAGR of 5.27% during the forecast period.


• The Glyoxylic Acids market showed robust growth in the North American region, particularly in the U.S. and Canada, driven by a high rate of car ownership, a thriving automotive aftermarket, and a strong preference for personalized wheel finishes.


• Based on the Application, the Market has been segmented into Personal Care & Cosmetic Ingredients holding the largest market in 2023.


• Akema Fine Chemicals, Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Stan Chemicals, WeylChem International Gmbh, Zhonglan Industry Co, Haihang Industry Co. Ltd, and Zhonghua Chemical.

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