The global glyoxal market size was USD 287.6 Million in 2021 and is expected to register a revenue CAGR of 4.4% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is expected to be driven by the growing use of glyoxal in paint and other coatings.The chemical compound glyoxal can be used to cure epoxy resins. The substance is found in a variety of products, including paints and other coatings. Construction companies use epoxy resins to create solid adhesives and coatings. As they have good resistance to chemicals and heat, they can be used in a variety of applications. A polymer like epoxy resin is made up of two types of molecules that react with curing agents to produce the final product. This reaction causes the product to harden, forming an adhesive or hard surface. Therefore, glyoxal is mainly used to crosslink epoxy resins containing nitrogen atoms instead of oxygen. This factor boosts the demand for glyoxal. In addition, glyoxal as a formaldehyde substitute is also found in wood adhesives. Furthermore, it is used for the preparation of glyoxal-phenolic prepolymers in alkaline conditions for strengthening composites reinforced with sisal fibers. The main use of glyoxal is the production of formaldehyde, which has excellent bonding strength, low cost, and fast curing properties. These factors are expected to drive revenue growth of the market during the forecast period.
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Some Key Highlights From the Report
• Crosslinking segment is expected to register a rapid revenue growth rate during the forecast period owing to the growing need to increase the crystallinity of polymer networks to improve their mechanical strength. Also, powder coatings, liquid can coatings, and coil coatings use glyoxal to produce glycoluril-based amino crosslinking resins. Glyoxal is widely used to crosslink materials in a variety of industries, including textiles, oil & gas, paper & packaging, leather, cosmetics, and personal care products. These factors are expected to drive revenue growth of the segment during the forecast period.
• Online segment accounted for the largest revenue share over the forecast period owing to the growing need for time and effort saving. Increasingly, online distribution channels are becoming popular because they provide a wide range of products and allow consumers to compare prices. Increasing convenience for customers and good discounts on products have also contributed to the growth of the segment.
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