Ethanol sales will exceed US$2 billion by 2032,
USA, Rockville MD, May 16, 2022 (GLOBE NEWSWIRE) — According to a recent report by Fact.MR, the global ethanedial market is poised to grow at a CAGR of 4.4% from 2022 to 2032. The market is likely to close at a valuation of US$2.25 billion. the request Glyoxal Market is expected to grow over the forecast period and the market is expected to reach a global market size of US$1.46 billion by the end of 2022.
Go through the in-depth table of contents on “Request for Glyoxal Market”
84 The tables, 66 The figures and 188 pages
With the continued focus on sustainability in end-user industries, manufacturers in the glyoxal market are actively engaged in introducing glyoxal compounds with higher levels of durability. From 2015 to 2021, the Glyoxal market grew at a CAGR of 5.3%, closing at a value of US$1.4 billion. As of 2022, the industry is expected to reach US$1.45 billion. Applications in plug-in hybrid (PHEV) and electric (EV) vehicles. The application of ethanedial as a cross-linking agent has remained traditional in many end-user industries and the status quo is expected to continue in the future.
For critical information on Glyoxal Market, demand a Sample report
The growth of the aforementioned market is mainly driven by large-scale investments by several governments for the advancement of industrial infrastructure. Moreover, the collective domestic demand for textiles and chemicals due to the increase in population is also driving the market towards positive growth.
How the oil and gas sector is driving demand for Glyoxal Market?
Opportunities for Glyoxal Market with good prospects for the oil and gas sector
Oil and gas is the main application sector and accounted for 30.4% of the global volume in 2021, registering a CAGR of 4.3%. Glyoxal is widely used as a crosslinker for oil recovery and as a sulfur scavenger in gas sweetening processes. The oil and gas industry is realigning after experiencing low prices in recent years.
With increased production efficiency, US oil production has increased and is expected to observe an upward trend in the future. The scenario is also similar in developing economies, which is driving the demand for enhanced oil recovery due to the increase in oil well development.
To learn more about Glyoxal Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=880
Key segments covered by the North America Glyoxal Industry survey
- Glyoxal Market by Application:
- Glyoxal for cross-linking polymer
- Glyoxal for sulfur scavengers
- Glyoxal Market by end use:
- petroleum gas
- Paper & Packaging
- leather manufacturing
- Personal care
- Other end uses
- Glyoxal Market by region:
- North America
- Latin America
- Middle East and Africa
The global ethanedial market is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to customers. In addition, companies are looking for specialized service providers, offering tailor-made solutions to meet their business objectives. Also, vendors are likely to leverage product upgrading and differentiation to gain advantage over other competitors in the market.
- In March 2020, BASF completed the acquisition of Solvay’s polyamide business (PA 6.6) on January 31, 2020. Domo Chemicals, Leuna, Germany, has been approved by the European Commission as the buyer of the polyamide business European Union, which could not be acquired by BASF under the conditions imposed by the authorities. The transaction expands BASF’s polyamide capabilities with innovative products.
Get customization on Glyoxal Market Report for specific search solutions
The key players in the Glyoxal Market
- Dow Chemical Co.
- BASF SE
- Hubei Hongyuan Pharmaceutical Technology Co.Ltd
- Zhonglang Industry Pvt. ltd
- Mitsubishi Chemical Corporation
- Huntsman International LLC
- Celanese Corporation
- Amzole India Pvt. ltd
Main takeaways from Glyoxal Market research
- Global Glyoxal Market Expected to Grow 1.5x from 2022 to 2032
- Cross-linking polymers will be a leading application category, capturing over 80% of the market and thriving at a CAGR of 4.7% through 2032
- By end use, Glyoxal for the textile industry will grow at a CAGR of 5%
- US to become fastest growing ethanedial market, documenting 5% CAGR
- China is the 2nd most opportunistic market, expected to be valued at US$455 million in 2032
Explore Fact.MR’s Chemistry and Materials Coverage –
Sodium Sulfite Market Analysis– Due to wastewater recycling and other water supply systems, the water treatment industry is expected to maintain a steady share of the sodium sulfite market. In addition to its application in the paper and water treatment industries, sodium sulfite is also used as a scrubber in high and medium pressure steam boilers to prevent caustic embrittlement. The global sodium sulfite market is growing due to the increasing demand for technical grade in the water treatment industry. Due to its reducing abilities, sodium sulfite is used as a preservative in the food industry to prevent foods from spoiling quickly.
Industrial Cleaning Chemicals Market Growth– The industrial cleaning chemicals market is expected to rise at a positive rate over the forecast period, owing to the growing awareness of health, safety and hygiene. During the forecast period, one of the major reasons for the growth of the industrial cleaning chemicals market would be the robust industrial growth witnessed in developing regions. Automobile production also expanded considerably. For these reasons, the demand for industrial cleaning chemicals is expected to rise worldwide as the industry is poised for significant expansion.
Disinfectants and Antimicrobial Chemicals Market Forecast– Disinfectants and antimicrobial compounds are used to kill or inhibit the growth of bacteria. Disinfectants are mainly used as surfactants, which are applied to the surface of inanimate objects, materials or tissues before surgery to prevent infection. Disinfectants and antimicrobial compounds limit the reproduction of germs by destroying their cell walls or hinder the growth of microorganisms by interfering with their metabolic activity. Antimicrobial agents in paint, flooring, home textiles and other building materials will experience substantial expansion as disinfectants and antimicrobial chemicals.
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.
Japan Sales Office
9F Nakano Sunplaza
E: [email protected]