Global Glyoxylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Powder and Liquid.

By Application ;

Chemical Manufacturing, Textiles and Leather,Food and Beverage and Others.

By End-User;

Personal Care and Cosmetics, Pharmaceuticals, Agrochemicals, Flavour Industry and Other End-users.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn463054759 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Glyoxylic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Glyoxylic Acid Market was valued at USD 551.73 million. The size of this market is expected to increase to USD 701.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.

The Global Glyoxylic Acid Market is poised for significant growth due to increasing demand in various industrial applications, particularly in the pharmaceutical and chemical sectors. Glyoxylic acid, a crucial intermediate in organic synthesis, is utilized in the production of various chemicals, including those used in the manufacture of anti-aging creams, pharmaceuticals, and agrochemicals. The versatility of glyoxylic acid in producing fine chemicals and intermediates is driving its demand across multiple end-use industries.

The pharmaceutical sector is a major driver of the glyoxylic acid market. Glyoxylic acid is used in the synthesis of a range of pharmaceutical compounds, including those for treating chronic diseases and for use in cosmetics and personal care products. Its role in producing intermediates for drugs and its application in research and development further boost its market potential. Additionally, the rising prevalence of chronic diseases and increasing investments in pharmaceutical R&D are expected to positively impact the market.

Geographically, Asia-Pacific is anticipated to hold a significant share of the global glyoxylic acid market. This is driven by rapid industrialization, particularly in countries like China and India, where the demand for glyoxylic acid in the chemical and pharmaceutical industries is growing. The region's expanding industrial base and increasing focus on the development of pharmaceutical and agrochemical sectors are contributing to its dominance in the market.

The glyoxylic acid market faces challenges such as environmental regulations and fluctuating raw material prices. Efforts to address these issues include advancements in production technologies and the adoption of sustainable practices to minimize environmental impact. Market players are also exploring new applications and innovative formulations to sustain growth and meet evolving industry demands. As the market continues to evolve, these factors will play a crucial role in shaping its future trajectory.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Glyoxylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial demand growth
        2. Expanding applications in chemicals
        3. Increased production capacity
        4. Rising environmental concerns
        5. Technological advancements in synthesis
      2. Restraints
        1. High production costs
        2. Regulatory compliance challenges
        3. Raw material price volatility
        4. Limited raw material availability
        5. Environmental impact concerns
      3. Opportunities
        1. Emerging markets expansion
        2. Development of new applications
        3. Green and sustainable technologies
        4. Strategic partnerships and collaborations
        5. Innovations in production methods
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Glyoxylic Acid Market, By Form, 2021 - 2031 (USD Million)

      1. Powder

      2. Liquid

    2. Global Glyoxylic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Chemical Manufacturing
      2. Textiles and Leather
      3. Food and Beverage
      4. Others
    3. Global Glyoxylic Acid Market, By End-User, 2021 - 2031 (USD Million)
      1. Personal Care and Cosmetics
      2. Pharmaceuticals
      3. Agrochemicals
      4. Flavour Industry
      5. Other
    4. Global Glyoxylic Acid Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Solvay SA
      3. Hubei Xingfa Chemicals Group Co., Ltd.
      4. LondellBasell Industries N.V.
      5. AkzoNobel N.V.
      6. Merck Group
      7. Shandong Taihe Chemicals Co., Ltd.
      8. Jiangxi Xinzuan Chemical Co., Ltd.
      9. Cangzhou Canglong Chemical Co., Ltd.
      10. Wuhan Youji Industries Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market