Glyoxal Prices Overview

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Market Overview

Quarterly Update on Glyoxal Market

For the Quarter Ending December 2020

Asia

The Asian market monitored fine recovery in industrial activities during Q4 2020, due to a significant dip in COVID-19 cases and relaxation from logistic restrictions. While manufacturing activity ramped up in several economies to meet recovering demand, overseas shipments stood delayed due to limited container availability and higher ocean freight towards the end of the quarter. In the Indian market, prices of Glyoxal rose, taking cues from the prices of feedstock Nitric Acid and Acetaldehyde. Most sellers reported constrained availability of spot material to match the pent-up paper, polymers, textiles and leather goods.

Europe

The European market was hard hit due to second wave of COVID-19 infections during Q4 2020, that slowed down the industrial activities across the region. Demand from the domestic market was also not in good shape but seemed to improve in Q4. Pressured demand from the textile, paper and leather markets kept the sentiments low. Shutting down of a key downstream plant during October in Germany, led by leakage of raw materials triggered a temporary decrease in Glyoxal demand.

North America

The North American market was suffering from acute shortage of several feedstock chemicals during the first half of the quarter due to unplanned turnarounds and force majeures on several plants across the gulf coast region due to seasonal hurricanes in Q3. The supply of both nitric acid and acetaldehyde was kept low during final quarter of 2020. This exposed the manufacturers to feedstock-related challenges. Although the demand remained low compared to previous year, but supply showed improvement on quarter-on-quarter basis.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Glyoxal is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Glyoxal market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Glyoxal manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Glyoxal market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Glyoxal market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Glyoxal are analyzed and region-wise demand pattern is tracked.

About

Glyoxal is also known by many other names like Glyoxaldehyde, Glyoxal aldehyde, Ethanedial, Ethanedione etc. It is an organic compound with two aldehyde groups, chemical formula OCHCHO. Glyoxal is usually found as white crystalline solid but it changes its colour with temperature i.e., below 15°C it is white crystalline solid, it turns yellow in liquid form and turns green when vaporised. Glyoxal is produced by two methods on the commercial scale, one method is by oxidation of Ethylene glycol in the presence of catalyst. Catalyst used in this process is silver or copper and this process is done in gaseous phase. Another method for the production of Glyoxal is done by the reaction of Acetaldehyde with Nitric Acid, which is a liquid phase reaction process. Glyoxal is used in many industries like in paper industries to make glossy paper, in textile industries to make soft and less wrinkled fabric, cross linking agent in leather and other polymers, in making epoxy and as a disinfectant etc.

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Glyoxal Prices Overview