GITNUX MARKETDATA REPORT 2024
Glyoxylic Acid Industry Statistics
The glyoxylic acid industry is expected to witness steady growth due to increasing demand in various applications such as pharmaceuticals, agriculture, and textiles.
In this post, we will explore key statistics and trends shaping the Glyoxylic Acid industry, shedding light on its market size, growth projections, regional dynamics, major consumers, and usage in various sectors such as cosmetics and agrochemicals. With insights into demand figures and market expectations, we provide a comprehensive overview of the industry landscape for Glyoxylic Acid.
Statistic 1
"The worldwide market size of Glyoxylic Acid was approximately $291 million in the year 2019."
Statistic 2
"The CAGR (Compound Annual Growth Rate) of the Glyoxylic Acid industry is expected to be 5.62% from 2021 to 2025."
Statistic 3
"The Asia Pacific region is expected to witness the highest growth rate in the Glyoxylic Acid industry."
Statistic 4
"China is the major consumer of Glyoxylic acid, accounting for over half of the global consumption."
Statistic 5
"Glyoxylic Acid demand was more than 124 Kilo tons in 2015."
Statistic 6
"The cosmetic industry is the largest user of Glyoxylic Acid, owing to its widespread use in hair straightening."
Statistic 7
"The market value for Glyoxylic Acid is anticipated to reach around USD 950.0 million by 2026."
Statistic 8
"As of 2019, glyoxylic acid's demand in Personal care & Cosmetics surged to over 40.5 Kilo Tons."
Statistic 9
"As of 2019, Agrochemicals application of Glyoxylic acid registered close to $40 million in sales revenue."
Statistic 10
"In 2019, the European glyoxylic acid market demand for personal care & cosmetics applications was valued at more than $14 million."
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