Glyoxylic Acid Market Growing by Demands and Shares with Forecast 2020-2025 | Akema, Weylchem, Hubei Hongyuan, Zhonglan, Zhonghua, Yuandong, Hubei Shunhui Bio-Technology

Glyoxylic Acid Market 2020 Global Industry research report studies latest Glyoxylic Acid industry aspects market size, share, trends, growth, business overview and Glyoxylic Acid industry scenario during the forecast period (2020-2025).

Global Glyoxylic Acid Market overview:

Glyoxylic acid or oxoacetic acid is an organic compound. Together with acetic acid, glycolic acid, and oxalic acid, glyoxylic acid is one of the C₂ carboxylic acids. It is a colourless solid that occurs naturally and is useful industrially. The Global Glyoxylic Acid Market is segmented on the basis of Product Type, Application, End Use Industry and Region. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

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On the Basis of Product Type segment, the Glyoxylic Acid Market is sub segmented into Glyoxylic Acid 50% and Glyoxylic Acid 40%. Based on End Use Industry segment, the Glyoxylic Acid Market is segmented as Aromas and Pharmaceutical Industry.

There are several manufacturers of Glyoxylic Acid in Europe and North America. In North America, the demand for Glyoxylic Acid is primarily driven by the Chemical and Advanced Material sector. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. To project the consumption of Glyoxylic Acid markets, with respect to key regions along with their respective key countries.

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Top Industry News:

New production facility for aromatic ring chlorination in Frankfurt-Hochst on 26 November, 2020 -- On November 26th, Dr. Uwe Brunk, President of WeylChem Group of Companies (WCGC), announced the larger scale investment in a new production facility for aromatic ring chlorination to be built at the Group’s site in Frankfurt-Hochst. With this step, WCGC will also strengthen the existing side-chain chlorination technology and establish a sustainable production cycle. Customers will benefit from the increased capacity as well as high flexibility under European production standards. The start of production is planned for the first quarter of 2022.

WeylChem Hochst in Frankfurt, Germany, has many decades of experience in the field of side-chain chlorination. Building on that, the new production facility will strengthen the existing capabilities and expand them to aromatic ring chlorination for the speciality chemicals market, meeting the growing demand in Europe for local and resilient supply chains. By doing so, WeylChem will optimize the efficient use of resources towards a forward integration of its VP3 plant in the strive for a circular economy.

4-Chlorobenzotrichloride (p-TRI), a by-product of side-chain chlorination, can be refined to 2, 3, 4, 5-Tetrachlorobenzoyl chloride (TCBC) in the new plant, and therefore will not need to be disposed of anymore. As all the other by-products are already being refined or sold, the side-chain chlorination will reduce the waste footprint significantly. This underlines the efforts of the Group towards increased sustainability.

Thereby, the WeylChem Group will also backward integrate and install its own proprietary supply chain to use these products in the HALEX plant at Allessa in Frankfurt-Fechenheim.

Furthermore, the implementation of the new production facility meets the market demand for flexible, continental European side-chain chlorination governed by European regulations.

This strategic step is advancing the repositioning of the Group. With the side-chain chlorination as a solid component of the Group`s Advanced Intermediates business, the new production facility enables WeylChem to exploit new markets in Custom Manufacturing and to bring its performance to the next level.

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Major Key Players:

Some of the Glyoxylic Acid Market manufacturers involved in the market are Akema, Weylchem, Hubei Hongyuan, Zhonglan Industry, Zhonghua Chemical, Yuandong Chem, Hubei Shunhui Bio-Technology, Guangdong Hongyuan New Material, Yongfei Chem, Shijiazhuang Haosheng Chemical in World, effective mergers are some of the strategies adopted by the Glyoxylic Acid Market manufacturers. New product launches and continuous technological innovations are the Glyoxylic Acid Market strategies adopted by the major players.

Table of Contents:

1 Glyoxylic Acid Product Definition
2 Global Glyoxylic Acid Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Glyoxylic Acid Shipments
2.2 Global Manufacturer Glyoxylic Acid Business Revenue
2.3 Global Glyoxylic Acid Market Overview
3 Manufacturer Glyoxylic Acid Business Introduction
3.1 Akema Glyoxylic Acid Business Introduction
3.1.1 Akema Glyoxylic Acid Shipments, Price, Revenue and Gross profit 2014-2019
3.1.2 Akema Glyoxylic Acid Business Distribution by Region
3.1.3 Akema Interview Record
3.1.4 Akema Glyoxylic Acid Business Profile
3.1.5 Akema Glyoxylic Acid Product Specification
3.2 Weylchem Glyoxylic Acid Business Introduction
3.2.1 Weylchem Glyoxylic Acid Shipments, Price, Revenue and Gross profit 2014-2019
3.2.2 Weylchem Glyoxylic Acid Business Distribution by Region
3.2.3 Interview Record
3.2.4 Weylchem Glyoxylic Acid Business Overview
3.2.5 Weylchem Glyoxylic Acid Product Specification
3.3 Hubei Hongyuan Glyoxylic Acid Business Introduction
3.3.1 Hubei Hongyuan Glyoxylic Acid Shipments, Price, Revenue and Gross profit 2014-2019
3.3.2 Hubei Hongyuan Glyoxylic Acid Business Distribution by Region
3.3.3 Interview Record
3.3.4 Hubei Hongyuan Glyoxylic Acid Business Overview
3.3.5 Hubei Hongyuan Glyoxylic Acid Product Specification
3.4 Zhonglan Industry Glyoxylic Acid Business Introduction
3.5 Zhonghua Chemical Glyoxylic Acid Business Introduction
3.6 Yuandong Chem Glyoxylic Acid Business Introduction
……

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