Glyoxal Market Will Exhibit Growth At 5.9% CAGR Till 2024: Grand View Research, Inc.
New Market Research Reports Title “Glyoxal Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global glyoxal market is expected to reach USD 2.60 billion by 2024, according to a new report by Grand View Research, Inc. Increasing oil & gas exploration and production activities in Asia Pacific and the Middle East are anticipated to drive global market.
Global glyoxal industry is expected to witness a significant growth over the forecast period on account of its wide application scope across key end-use industries such as textiles, leather, polymers & resins, and paper packaging. In the paper industry, it is used as a starch cross-linker for producing paper. In addition, glyoxal finds application as an additive in the paper coating to improve quality due to its ability to reduce water retention.
Glyoxal is considered as an accredited chemical substance for food packaging papers by the Federal Institute for Risk Assessment (BfR) and the U.S. FDA. The chemical is touted as a high potential substitute for aldehydes and as a co-formulate with aldehydes in disinfectants.
Glyoxal is primarily derived from ethylene glycol which is a derivative of ethylene oxide. Ethylene is one of the most important petrochemical intermediates and is a feedstock for various end-use products such as food packaging, film, toys, food containers, bottles, pipes, antifreeze, carpets, insulation, and house-wares.
Browse full research report on Global Glyoxal Market: http://www.grandviewresearch.com/industry-analysis/glyoxal-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the glyoxal market on the basis of application and region:
Global Glyoxal Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global Glyoxal Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-glyoxal-market
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