Glyoxylic Acid Market Size, Share, Outlook, and Global Opportunity Analysis, 2023-2030

The Glyoxylic Acid Market refers to the global trade and demand for glyoxylic acid, which is an organic compound with the chemical formula C₂H₂O₃. It is a colorless liquid with a sour odor and is primarily used in various industries for its versatile properties. The Glyoxylic Acid Market is expected to have a CAGR of 5.27% until the end of 2030. It’s expected to be worth the US $849.1 million by then. The glyoxylic acid market is anticipated to reach USD 849.1 Mn in 2023 end from USD 76.7 Mn in 2016. Glyoxylic acid is widely utilized as a chemical intermediate in the production of numerous products, including pharmaceuticals, agrochemicals, cosmetics, and dyes. It serves as a vital building block for the synthesis of various compounds, such as amino acids, pharmaceuticals (like vanillin and glycolic acid), and herbicides (such as glyphosate ). Due to its diverse applications, the glyoxylic acid market has witnessed substantial growth in recent years. The demand ...