Glyoxylic Acid Market

By Form;

Powder and Liquid

By Derivative;

Allantoin, Vanillin, P-Hydroxyphenylglycine, DL-P-Hydroxy Phenylhydantoin, 2-Hydroxyl-Phosphine Acetic Acid and Others

By Application ;

Chemical Manufacturing, Textiles & Leather,Food & Beverage and Others

By End-User;

Personal Care & Cosmetics, Pharmaceuticals, Agrochemicals, Flavour Industry and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn463054759 Published Date: August, 2025 Updated Date: September, 2025

Glyoxylic Acid Market Overview

Glyoxylic Acid Market (USD Million)

Glyoxylic Acid Market was valued at USD 551.73 million in the year 2024. The size of this market is expected to increase to USD 701.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.


Glyoxylic Acid Market

*Market size in USD million

CAGR 3.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.5 %
Market Size (2024)USD 551.73 Million
Market Size (2031)USD 701.95 Million
Market ConcentrationHigh
Report Pages393
551.73
2024
701.95
2031

Major Players

  • BASF SE
  • Solvay SA
  • Hubei Xingfa Chemicals Group Co., Ltd.
  • LondellBasell Industries N.V.
  • AkzoNobel N.V.
  • Merck Group
  • Shandong Taihe Chemicals Co., Ltd.
  • Jiangxi Xinzuan Chemical Co., Ltd.
  • Cangzhou Canglong Chemical Co., Ltd.
  • Wuhan Youji Industries Co., Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Glyoxylic Acid Market

Fragmented - Highly competitive market without dominant players


The Glyoxylic Acid Market is witnessing significant growth, driven by its rising adoption across pharmaceuticals, cosmetics, and agrochemicals. Market demand has surged by nearly 40% as industries shift toward sustainable intermediates and innovative chemical applications. Its versatility as a key building block is making it increasingly valuable in diverse sectors.

Expanding Pharmaceutical Applications
Demand for glyoxylic acid in pharmaceuticals has increased by around 35%, primarily due to its use as a precursor in antibiotics and cardiovascular treatments. With the healthcare sector expanding steadily, its role in producing critical therapeutic compounds continues to enhance market growth and strengthen industry reliance.

Growth in Agrochemical Usage
Utilization of glyoxylic acid in agrochemicals has climbed by nearly 30%. It is widely applied in the production of herbicides and pesticides, improving agricultural productivity. The rising emphasis on higher crop yields and sustainable farming methods is further boosting its role in modern agro solutions.

Cosmetic and Personal Care Industry
The cosmetic and personal care sector has recorded a rise of approximately 25% in the use of glyoxylic acid. It is particularly valued in hair straightening formulations due to its effective binding properties. Expanding consumer demand for premium beauty and personal care products is fueling consistent growth in this segment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Derivative
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Glyoxylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial demand growth
        2. Expanding applications in chemicals
        3. Increased production capacity
        4. Rising environmental concerns
        5. Technological advancements in synthesis
      2. Restraints
        1. High production costs
        2. Regulatory compliance challenges
        3. Raw material price volatility
        4. Limited raw material availability
        5. Environmental impact concerns
      3. Opportunities
        1. Emerging markets expansion
        2. Development of new applications
        3. Green and sustainable technologies
        4. Strategic partnerships and collaborations
        5. Innovations in production methods
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Glyoxylic Acid Market, By Form, 2021 - 2031 (USD Million)

      1. Powder

      2. Liquid

    2. Glyoxylic Acid Market, By Derivative, 2021 - 2031 (USD Million)

      1. Allantoin

      2. Vanillin

      3. P-Hydroxyphenylglycine

      4. DL-P-Hydroxy Phenylhydantoin

      5. 2-Hydroxyl-Phosphine Acetic Acid

      6. Others

    3. Glyoxylic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Chemical Manufacturing
      2. Textiles & Leather
      3. Food & Beverage
      4. Others
    4. Glyoxylic Acid Market, By End-User, 2021 - 2031 (USD Million)
      1. Personal Care & Cosmetics
      2. Pharmaceuticals
      3. Agrochemicals
      4. Flavour Industry
      5. Others
    5. Glyoxylic Acid Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Solvay SA
      3. Hubei Xingfa Chemicals Group Co., Ltd.
      4. LondellBasell Industries N.V.
      5. AkzoNobel N.V.
      6. Merck Group
      7. Shandong Taihe Chemicals Co., Ltd.
      8. Jiangxi Xinzuan Chemical Co., Ltd.
      9. Cangzhou Canglong Chemical Co., Ltd.
      10. Wuhan Youji Industries Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market