In May 2025, Glyoxal prices increased in China, Germany, and the US due to strong downstream demand, especially from the building industry, and region-specific supply restrictions. All three markets saw decreased supply as a result of manufacturing delays, logistical difficulties, and higher import prices, although different local factors. Demand, meanwhile, held firm, and proactive buying and seasonal replenishment put further strain on already low supply levels.

In China, Glyoxal prices increased in May due to supply limitations and consistent demand from adhesives and coatings manufacturers. With increased MEG feedstock costs and delayed restarts of plants following the May Day holidays, supply remained uneven.

The Glyoxal demand from downstream industries remained strong in spite of a general slowdown in manufacturing activity. The construction sector’s slightly softer activity index still reflected ongoing expansion, supported by a stronger new order index, increasing offtake of Glyoxal from coating, adhesive and sealants industry, key user. Export demand was also up, with relaxing US–China trade tensions and Southeast Asian premovement stockpiling before the Dragon Boat Festival stimulating offtake volumes.

Germany's Glyoxal market posted a mild price rise for the month of May, mainly driven by supply chain disruptions and strengthening demand in all end-use markets. As MEG and natural gas prices softened, transportation tightness—compounded by low Rhine River levels and port congestion—restricted spot availability. End-use demand firmed in both home and export markets.  Cosmetic manufacturers in Germany responded to improved consumer sentiment, while rising construction activity in Italy and the US bolstered external demand for German-origin Glyoxal. These supply shortages, combined with widespread consumption growth, underpinned the moderate price advance.

Glyoxal prices in the US increased by 0.9% in May 2025 due to strong demand from the building industry and limited supply. Even if trade tensions between the US and China temporarily decreased, limited local production, high import prices, and slight logistical delays kept total market availability low. Due to limited local supply, Chinese exporters increased prices; landed costs were further impacted by increasing freight rates and more expensive European alternatives. Demand-side growth in non-residential building activity led to a rise in the use of Glyoxal-based products such coatings and adhesives.

In the future, Glyoxal prices will likely remain firm in major markets while global supply remains susceptible to production setbacks, cost volatility in feedstocks, and logistical concerns. Output in China may be hampered by weather-related delays and maintenance. While US imports continue to be expensive due to trade and freight uncertainty, Germany continues to experience transportation challenges. It is anticipated that price pressure will continue into the upcoming quarter unless there is evident supply relief.