Glyoxal Market Highlighting Regional Revenue Share Dominance During 2018 to 2027
Verfasser: ashwani_kailiya on Tuesday, 19 February 2019According to the latest study by Fact.MR, over 360 kilotons of glyoxal will be consumed in 2019 globally with a projected annual growth of 3.8% over 2018. Overall growth of the glyoxal market can be attributed to,
- Glyoxal to be used as an aldehyde substitute across end-user industries
- Development of biodegradable glyoxal formulations in tandem with the sustainability trend
- Versatility of glyoxal and its extensive application in multiple end-user industries ranging from textile to oil & gas
“Due to glyoxal’s divergent properties, the chemical compound is highly explored as a crosslinking agent in wood, textile and paper industries; as a sulfur scavenger and biocide in oil and gas applications and as an effective co-biocide agent in disinfection applications used in veterinary and health sectors. As glyoxal fits well in the sustainability trend, it is likely to become an important chemical intermediate for end-user industries in the future,” says Fact.MR.
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Textile Industry Accounted for Over 51% of Glyoxal Consumption in 2018