Glyoxal Industry, Region Wise Analysis of Top Players and Changing Growth Factor in Industry
The global Glyoxal market is growing steadily in recent years, witnessing the rising consumption of this chemical in various industries. Glyoxal is a biodegradable and environmentally friendly substrate. It finds its extensive usage in various end-use industries, such as oil & gas, paper packaging, leather, textiles, cosmetics, and furniture. The huge consumption of Glyoxal in all those sectors drives the growth of the market predominantly. Glyoxal Industry is projected to grow at a 5.20% CAGR due to the increasing demand from the Textiles Industry. The increasing production led by the rising demand for various downstream products is a major driving force behind the growth of the market. Also, some recent trends, such as the growing focus on producing a pure form of Glyoxal, are influencing the market growth. Furthermore, prominent Glyoxal applications, including paper, cross-linking polymer, sulfur scavengers, wood hardening, and others, boost the market growth. Major Players...