Asia Pacific to Dominate Glyoxylic Acid Market Share
Market Analysis The global Glyoxylic Acid Market Share is likely to touch USD 849.1 million at a 5.27% CAGR between 2022- 2030, according to the recent Market Research Future (MRFR) report. Glyoxylic acid, or what is also known as oxo-acetic acid, simply put, is an organic compound that is utilized as chemical intermediates in different industries. This is a key C2-carboxylic acid compound following acetic acid & oxalic acid. Glyoxylic acid is produced from the catalytic oxidation of glyoxal. This organic compound is used for producing various downstream products that are used in different end use industries such as agrochemicals, personal care and cosmetic ingredient, aroma, pharmaceuticals, and others. Some of its derivatives include 2-hydroxyl-phosphine acetic acid, P hydroxyphenylglycine, DL-p-hydroxy phenyl hydantoin, allantoin, and vanillin. Various factors are adding to the global glyoxylic acid market share. These factors, as per the new MRFR r...