DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Glyoxal Market Analysis By Application (Textile, Leather, Resin & Polymers, Cosmetics, Paper Packaging, Oil & Gas) And Segment Forecasts To 2024" report to their offering.
The global glyoxal market is expected to reach USD 2.60 billion by 2024
The global glyoxal market demand 770.2 kilo tons in 2015 and is expected to reach 1,294.2 kilo tons by 2024, growing at a CAGR of 5.9% from 2016 to 2024.
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.
Key companies operating in the global market include Silver Fern Chemical, BASF, Eastman Chemical, Dow Chemical Co., Huntsman Corp., Formosa Plastics Group, INEOS,ME Global B.V., Shell Chemicals, Reliance Industries, SINOPEC, Clariant, Alberta & Orient Glycol and Nan Ya Plastics Corp.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Glyoxal Industry Outlook
4 Glyoxal Application Outlook
5 Glyoxal Regional Outlook
6 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/qxx8r2/glyoxal_market