Why did the Glyoxylic Acid Price Change in July 2025? Glyoxylic Acid prices in the USA remained flat in Q2, averaging USD 1,621.33/MT, identical to Q1 levels. Stable domestic production and sufficient inventories kept the market well supplied, despite minor port congestion.

Get the latest insights on price movement and trends analysis of Glyoxylic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global Glyoxylic Acid market stood at approximately 188 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 6.5% during the forecast period until 2032.

Global Glyoxylic Acid Industry Report is segmented by end-user (personal care and cosmetics, pharmaceuticals, agrochemicals, flavor industry, and other end-users), and geography (Asia-Pacific, North America, Europe, South America and Middle East and Africa). The market size and forecasts are provided in terms of volume (tons) for the above segments.

Glyoxylic Acid Market size was valued at USD 1.27 Billion in 2023 and is projected to reach USD 2.61 Billion by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030.

Global Glyoxylic Acid Market Drivers

The market drivers for the Glyoxylic Acid Market can be influenced by various factors. These may include:

Increasing Demand in End-Use Industries: Agrochemicals, Cosmetics, Pharmaceuticals, and Textiles are just a few of the industries that use glyoxylic acid. The market for glyoxylic acid may be driven by an increase in demand for goods in these industries. Increasing Agrochemical Production: The production of agrochemicals uses glyoxylic acid. The market for glyoxylic acid may be driven by the expansion of the agricultural industry and rising agrochemical demand. Growing Uses in the Pharmaceutical and Cosmetic Industries: Glyoxylic acid is used in the manufacturing of some medications and cosmetic formulas in the pharmaceutical and cosmetic industries. Growing awareness of healthcare and beauty issues could fuel the glyoxylic acid market. Technological Developments: Improved quality and cost savings could result from advances in production techniques and technology, which would be advantageous for the glyoxylic acid industry. Environmental and Regulatory Factors: Glyoxylic acid may profit if environmental regulations are changed or if there is a greater focus on sustainable practices. These developments may also fuel the market for environmentally friendly chemicals. Global Economic Conditions: As companies increase their output, the demand for certain chemicals, including glyoxylic acid, can be impacted by growth or recovery in important regions. Research and Development Initiatives: Market expansion may be fueled by ongoing R&D projects that find new uses for glyoxylic acid or enhance existing procedures for producing it.

Glyoxylic Acid Market size was valued at USD 306.75 million in 2021 and is poised to grow from USD 327 million in 2022 to USD 545.26 million by 2030, at a CAGR of 6.6%

The Glyoxylic Acid Market size is expected to reach a valuation of USD 0.8 billion in 2033 growing at a CAGR of 6.00%. The Glyoxylic Acid Market research report classifies Market by share, trend, demand, forecast and based on segmentation.

Glyoxylic Acid Market Outlook

The global glyoxylic acid market size was valued at USD 240 million in 2023 and is projected to reach approximately USD 400 million by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. This growth is primarily driven by the increasing demand for glyoxylic acid in various applications such as pharmaceuticals, agrochemicals, and personal care products.

One of the major growth factors contributing to the expansion of the glyoxylic acid market is its extensive use in the pharmaceutical industry. Glyoxylic acid serves as an essential intermediate in the synthesis of numerous active pharmaceutical ingredients (APIs). As the global pharmaceutical industry continues to grow due to rising healthcare needs, aging populations, and the increasing prevalence of chronic diseases, the demand for glyoxylic acid is anticipated to increase significantly. Moreover, the shift towards biopharmaceuticals and innovative drug discoveries further fuels the necessity for glyoxylic acid in advanced pharmaceutical formulations.

The agrochemical sector also plays a pivotal role in the growth of the glyoxylic acid market. With the increasing global population, there is a heightened need for food security, leading to the adoption of advanced agricultural practices and agrochemicals. Glyoxylic acid is a key component in the production of herbicides, pesticides, and plant growth regulators, which are crucial for improving crop yield and quality. Government initiatives promoting sustainable agriculture and the use of efficient agrochemicals are expected to bolster the demand for glyoxylic acid in this sector.

Another significant factor driving the market is the rising demand for personal care products. Glyoxylic acid is widely used in the formulation of various cosmetics and personal care items, including hair care and skin care products. The growing consumer awareness regarding personal grooming and hygiene, coupled with increasing disposable incomes, has led to an upsurge in the consumption of premium personal care products. The trend towards natural and organic ingredients in cosmetics also promotes the usage of glyoxylic acid, which is often derived from natural sources.

Regionally, the Asia Pacific region is expected to dominate the glyoxylic acid market during the forecast period. This dominance is attributed to the robust growth of end-use industries such as pharmaceuticals, agrochemicals, and personal care in countries like China, India, and Japan. The presence of a large consumer base, favorable government policies, and the availability of raw materials at competitive prices are some of the factors contributing to the market growth in this region. Additionally, the rapid industrialization and urbanization in Asia Pacific are expected to provide further impetus to the glyoxylic acid market.

Product Type Analysis

The glyoxylic acid market is segmented by product type into glyoxylic acid monohydrate and glyoxylic acid anhydrous. Glyoxylic acid monohydrate is the more commonly used form and finds extensive applications across various industries. It is preferred for its stability and ease of handling, making it a suitable choice for pharmaceutical formulations, agrochemicals, and personal care products. The growing pharmaceutical and cosmetics industries are expected to drive the demand for glyoxylic acid monohydrate during the forecast period.

Glyoxylic acid anhydrous, on the other hand, is used in applications where a higher concentration of the acid is required. It is particularly useful in the chemical industry for the synthesis of specialty chemicals and intermediates. The demand for glyoxylic acid anhydrous is likely to be driven by the increasing production of fine chemicals and specialty formulations. The versatility of glyoxylic acid anhydrous in chemical reactions makes it a valuable component in various industrial processes.

Both forms of glyoxylic acid are essential in their respective applications, and their demand is influenced by the specific requirements of the end-use industries. The availability of both monohydrate and anhydrous forms allows manufacturers to cater to a wide range of applications, thereby enhancing the overall market growth. The continuous research and development activities aimed at improving the production processes and purity levels of glyoxylic acid are expected to further boost its demand in the coming years.

Report Scope

The global liquid glyoxylic acid market, valued at $208 million in 2025, is projected to experience steady growth, driven by increasing demand across diverse applications. The compound annual growth rate (CAGR) of 4.6% from 2025 to 2033 indicates a consistent market expansion. Key drivers include the rising adoption of glyoxylic acid in the pharmaceutical industry for drug synthesis, its use as a vital component in cosmetics for skin care products, and its growing application in the agrochemical sector as a herbicide and plant growth regulator. The aromatic industry's utilization of glyoxylic acid for fragrance and flavor creation also contributes significantly to market growth. While specific market segment breakdowns for applications and types (50% and 40% concentration) are not provided, a reasonable estimation, given the diverse applications, is that pharmaceuticals and cosmetics likely represent the largest segments, followed by agrochemicals. The market is geographically dispersed, with North America, Europe, and Asia-Pacific likely holding the most significant market shares. The presence of numerous established players such as Akema and Weylchem, along with several significant regional producers, suggests a moderately competitive landscape. Future growth will depend on technological advancements leading to improved production efficiency, the discovery of novel applications for glyoxylic acid, and continued expansion in emerging markets. The market's steady growth trajectory is further supported by several ongoing trends, including a focus on sustainable and eco-friendly chemical solutions. Glyoxylic acid aligns with these trends, presenting a relatively greener alternative in certain applications compared to traditional chemical processes. However, potential restraints might include price fluctuations in raw materials, stringent environmental regulations surrounding chemical manufacturing, and the emergence of substitute chemicals. Nevertheless, the versatility and expanding applications of liquid glyoxylic acid are expected to outweigh these challenges, ensuring sustained growth throughout the forecast period. Further research into specific application segments and regional market dynamics would provide a more precise understanding of future market trends.

The global glyoxylic acid market, valued at $162.9 million in 2025, is projected to experience a compound annual growth rate (CAGR) of -3.8% from 2025 to 2033. This negative CAGR suggests a contracting market, potentially due to factors such as evolving industry preferences towards alternative chemicals or shifts in demand from key application segments. The market's decline is likely influenced by several factors. Increased regulatory scrutiny surrounding chemical handling and environmental concerns might be contributing to decreased production and adoption. Furthermore, price fluctuations in raw materials and competitive pressures from substitute chemicals could also play a significant role in the negative growth trajectory. Despite the overall decline, certain segments might exhibit resilience or even modest growth. For instance, the pharmaceutical and cosmetic applications of glyoxylic acid, known for its use in various formulations, might show relatively stronger performance than other sectors. Geographical variations are also expected. Mature markets in North America and Europe might experience a more pronounced decline compared to regions with developing chemical industries where growth, although possibly limited, could still be observed. The competitive landscape is characterized by a mix of established players like Akema and Weylchem, and regional manufacturers like Hubei Hongyuan and Jinyimeng Group. Strategic partnerships, technological advancements in production efficiency, and diversification into niche applications could be crucial for companies to navigate this challenging market environment and secure sustainable growth. The market segmentation reveals that glyoxylic acid finds applications across various industries, including fragrance, pharmaceuticals, cosmetics, and others. The different concentrations of glyoxylic acid (50%, 40%, solid) cater to specific industry requirements. Understanding these varying application needs and adapting production strategies will be pivotal for success. Regional analysis will be key to understanding market dynamics, with differing growth patterns likely observed across North America, Europe, Asia-Pacific, and other regions. Factors such as economic conditions, regulatory environments, and specific industry trends within each region will impact glyoxylic acid demand differently. Companies need to employ market-specific strategies, focusing on regulatory compliance, technological innovation and supply chain optimization to navigate this dynamic and contracting market effectively.

Global Glyoxylic Acid comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Get comprehensive insights into the Glycolic Acid market, with a focused analysis of the Glycolic Acid price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

The global liquid glyoxylic acid market is estimated to be valued at $200 million in 2023, and is projected to grow at a CAGR of 4.6% during the forecast period from 2023 to 2033. The growth of the market is attributed to the increasing demand for glyoxylic acid in various applications such as aromas, pharmaceuticals, cosmetics, and agrochemicals. The growing popularity of natural and organic ingredients in personal care products is driving the demand for glyoxylic acid in the cosmetics industry. In addition, the increasing consumption of processed foods and beverages is fueling the demand for glyoxylic acid as a flavoring agent. The Asia Pacific region is expected to witness the highest growth in the liquid glyoxylic acid market during the forecast period, due to the growing demand from the cosmetics and pharmaceutical industries in the region. The major companies operating in the liquid glyoxylic acid market include Akema, Weylchem, Hubei Hongyuan Pharmaceutical, Qingdao Guolin Technology Group, Jiaxing Zhonghua Chemical, Taixing Yuandong Chemical, Hubei Shunhui Bio-Technology, and Shijiazhuang Haosheng Chemical.

Dive into Market Research Intellect's Glyoxylic Acid Consumption Market Report, valued at USD 1.2 billion in 2024, and forecast to reach USD 1.9 billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.

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Glyoxylic Acid Market Size 2024-2028

The glyoxylic acid market size is forecast to increase by USD 192.5 million at a CAGR of 4.49% between 2023 and 2028.

The market is experiencing significant growth, driven primarily by increasing demand from the cosmetics industry. This trend is particularly prominent in the Asia Pacific and North American regions, where the consumer base for personal care products is expanding rapidly. However, the market is not without challenges. The negative effects of glyoxylic acid on skin, including the potential for causing diseases such as contact dermatitis, represent a significant concern. This issue may limit the market's growth potential and necessitate the development of alternative solutions or stricter regulations. Companies seeking to capitalize on the market opportunities must navigate these challenges effectively, focusing on product innovation and regulatory compliance to meet the evolving demands of consumers and regulatory bodies. The market's strategic landscape is dynamic, with ongoing research and development efforts aimed at addressing the challenges and unlocking new growth opportunities.

What will be the Size of the Glyoxylic Acid Market during the forecast period?

Request Free SampleThe glyoxylic acid industry is experiencing significant growth driven by the increasing demand for glyoxylic acid uses in various applications. One of the key trends in this market is the advancement of glyoxylic acid oxidation technology, which is leading to innovation in the production of glyoxylic acid esters and derivatives. Research and development are crucial in the market, with numerous studies focusing on glyoxylic acid synthesis and reduction techniques. Patents related to glyoxylic acid salts and solutions are also being actively pursued to expand the market's potential. Glyoxylic acid manufacturers are investing in new technologies to improve production efficiency and reduce costs. Suppliers and distributors are also playing a vital role in the market by providing solutions for glyoxylic acid hydration and condensation. The market is witnessing numerous developments, including the creation of new applications for glyoxylic acid polymers and the use of glyoxylic acid in the production of glyoxylic acid monohydrate. Overall, the glyoxylic acid industry is poised for continued growth as new uses and applications are discovered.

How is this Glyoxylic Acid Industry segmented?

The glyoxylic acid industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userCosmetics and personal carePharmaceuticalAgrochemicalsAromasOthersGeographyNorth AmericaUSEuropeFranceGermanyMiddle East and AfricaAPACChinaJapanSouth AmericaRest of World (ROW)

By End-user Insights

The cosmetics and personal care segment is estimated to witness significant growth during the forecast period.Glyoxylic acid, a significant component in personal care and cosmetics, is primarily utilized in chemical peels, anti-aging creams, lotions, and mask products. Its benefits extend to skin rejuvenation and moisturization. A smaller proportion is employed in hair care and nail care items. Beyond its application in beauty products, glyoxylic acid is also employed for treating scars, discoloration, and aging signs such as fine lines and wrinkles. This versatile compound acts as an exfoliant, pH adjuster, and skin conditioning agent in personal care and cosmetics, contributing to the market's expansion in this sector. The use of bio-based materials, such as glyoxylic acid, aligns with the growing trend towards sustainable production and the circular economy. Companies are increasingly focusing on reducing their carbon footprint by adopting green technologies and bio-based intermediates in their manufacturing processes. Epoxy resins, another essential component, are being replaced with bio-based alternatives to minimize waste and improve production capacity. The demand for bio-based chemicals and bio-based products is driven by various factors, including environmental regulations, consumer preferences, and industry consolidation. Safety standards are stringently enforced to ensure the production of high-quality products, with quality control playing a crucial role in maintaining consistency and meeting customer expectations. Manufacturing facilities are being upgraded to incorporate advanced process optimization techniques and sustainable production methods. Polyvinyl alcohol, a biodegradable polymer, is gaining popularity due to its eco-friendly nature and versatile applications. The competitive advantage of offering bio-based alternatives to traditional chemical products is a significant differentiator in the market. In the end-use industries, green chemistry and renewable re

Global Glyoxylic Acid market size 2025 was XX Million. Glyoxylic Acid Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Glyoxylic acid is used in various forms, such as liquids, solids, and solutions, each with specific properties and applications. The choice of form depends on the end-use industry and the desired characteristics. The market is expected to see increased demand for higher purity grades of glyoxylic acid as end-users seek products with enhanced performance. Recent developments include: March 2022: Uses 50% glyoxylic acid raw material for the flavor's methyl and ethyl vanillin production. It is a synthetic intermediate in the pharmaceutical industry for compounds like acetophenone, amino acids, broad-spectrum antibiotics, and dl-p-hydroxyphenyl glycine. It is used in cosmetic hair care products, particularly straight hair products. Cosmetic-grade glyoxylic acid is used in hair cosmetics, and the color difference is hardly noticeable.. Notable trends are: A growing number of younger consumers is driving the market growth.

Glyoxylic Acid Monohydrate Market Outlook

The global glyoxylic acid monohydrate market size was valued at approximately USD 250 million in 2023 and is expected to reach around USD 450 million by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The growth of this market is primarily driven by the increasing demand for glyoxylic acid monohydrate in various applications such as pharmaceuticals, agrochemicals, and cosmetics.

One of the primary growth factors for the glyoxylic acid monohydrate market is its extensive usage in the pharmaceutical industry. Glyoxylic acid monohydrate is a crucial intermediate in the synthesis of various pharmaceutical compounds. With the rising prevalence of chronic diseases and the increasing need for advanced medicinal compounds, the demand for glyoxylic acid monohydrate is expected to surge. Additionally, the continuous investment in pharmaceutical research and development (R&D) activities further propels the market growth.

Another significant factor contributing to the market growth is the expanding agrochemical sector. Glyoxylic acid monohydrate is widely used in the production of herbicides and pesticides, which are essential for modern agricultural practices. With the growing global population and the subsequent increase in food demand, the need for effective agrochemicals is on the rise. This, in turn, boosts the demand for glyoxylic acid monohydrate, driving market growth.

The cosmetics industry also plays a vital role in the growth of the glyoxylic acid monohydrate market. This compound is utilized in the formulation of various cosmetic products, including skin care and hair care items. The increasing consumer awareness regarding personal grooming and the rising disposable income levels in emerging economies are key factors that contribute to the growing demand for cosmetics. Consequently, the demand for glyoxylic acid monohydrate in the cosmetics industry is expected to rise significantly during the forecast period.

From a regional perspective, the Asia Pacific region is anticipated to witness substantial growth in the glyoxylic acid monohydrate market. The presence of major pharmaceutical and agrochemical manufacturing hubs in countries like China and India, coupled with the increasing demand for cosmetics in these regions, drives the market growth. Furthermore, favorable government regulations and policies supporting the growth of the chemical industry in these countries further bolster the market outlook in the Asia Pacific region.

Product Type Analysis

The glyoxylic acid monohydrate market by product type is segmented into industrial grade, pharmaceutical grade, and others. The industrial grade segment dominates the market due to its extensive use in various industrial applications. Industrial grade glyoxylic acid monohydrate is utilized in the production of vanillin, a popular flavoring agent, and in the synthesis of various other chemicals. The growing demand for industrial-grade chemicals in sectors such as food and beverages, textiles, and polymers is expected to drive the growth of this segment.

The pharmaceutical grade segment is expected to witness significant growth during the forecast period. Pharmaceutical-grade glyoxylic acid monohydrate is crucial for the synthesis of essential pharmaceutical compounds and intermediates. The rising investment in pharmaceutical R&D and the increasing demand for advanced medicinal formulations are key factors driving the growth of this segment. Additionally, stringent regulatory requirements for pharmaceutical manufacturing necessitate the use of high-purity compounds, further boosting the demand for pharmaceutical-grade glyoxylic acid monohydrate.

The 'others' segment includes various niche applications where glyoxylic acid monohydrate is used, such as in the synthesis of specialty chemicals and fine chemicals. This segment is expected to grow at a moderate pace during the forecast period. The demand for specialty chemicals in industries such as electronics, automotive, and construction is on the rise, which in turn drives the demand for glyoxylic acid monohydrate in these niche applications. Additionally, the ongoing research and development activities exploring new applications for glyoxylic acid monohydrate further contribute to the growth of this segment.

Report Scope

Bio-Based Glyoxylic Acid Market Outlook

According to our latest research, the global bio-based glyoxylic acid market size in 2024 is valued at USD 182.4 million, demonstrating robust growth driven by rising demand for sustainable chemicals across key industries. The market is forecasted to reach USD 428.7 million by 2033, expanding at a CAGR of 10.1% from 2025 to 2033. This notable growth is primarily attributed to the increasing shift toward bio-based raw materials, stringent environmental regulations, and the growing adoption of green chemistry in end-user industries.

One of the primary growth drivers for the bio-based glyoxylic acid market is the accelerating global focus on sustainability and environmental stewardship. As industries transition away from petrochemical-derived products, the demand for bio-based alternatives such as glyoxylic acid has surged. This shift is particularly evident in the cosmetics, personal care, and pharmaceutical sectors, where consumers and regulatory bodies are increasingly favoring products with a lower environmental footprint. Bio-based glyoxylic acid, derived from renewable resources such as sugar and biomass, offers a compelling solution by reducing greenhouse gas emissions and supporting circular economy initiatives. As companies strive to meet their sustainability targets, investments in bio-based chemical production are expected to rise, further propelling market expansion.

Another significant factor contributing to market growth is the broadening application scope of bio-based glyoxylic acid across various industries. The chemical’s versatile properties make it a valuable intermediate in the synthesis of pharmaceuticals, agrochemicals, and water treatment agents. In the pharmaceutical industry, glyoxylic acid is increasingly used in the production of antibiotics and active pharmaceutical ingredients, driven by the rising prevalence of chronic diseases and the need for safer, more sustainable drug formulations. Similarly, in the agrochemical sector, bio-based glyoxylic acid is utilized in the manufacture of environmentally friendly herbicides and pesticides, aligning with the global trend toward sustainable agriculture. This diversification of applications is expected to sustain high demand and foster innovation in the market.

Technological advancements and process innovations are also playing a pivotal role in shaping the bio-based glyoxylic acid market. Recent developments in fermentation technologies and biomass conversion processes have significantly improved the efficiency and yield of bio-based glyoxylic acid production. These advancements have enabled manufacturers to reduce production costs, enhance product quality, and scale up operations to meet growing demand. Moreover, strategic collaborations between chemical companies, research institutions, and biotechnology firms are fostering the development of novel production methods and expanding the range of feedstocks used for glyoxylic acid synthesis. As technology continues to evolve, it is anticipated that bio-based glyoxylic acid will become increasingly competitive with its petroleum-based counterpart, further accelerating market growth.

From a regional perspective, Asia Pacific stands out as the dominant market for bio-based glyoxylic acid, accounting for the largest share of global consumption in 2024. The region’s rapid industrialization, expanding chemical manufacturing sector, and supportive government policies are key factors driving market growth. North America and Europe also represent significant markets, characterized by strong regulatory frameworks and a high level of consumer awareness regarding sustainable products. In contrast, Latin America and the Middle East & Africa are emerging markets with substantial growth potential, driven by increasing investments in green technologies and rising demand for bio-based chemicals in agriculture and water treatment applications. Overall, the global bio-based glyoxylic acid market is poised for substantial growth, with regional dynamics playing a critical role in shaping future opportunities.

Product Type Analysis

The bio-based glyoxylic acid market is segmented by product type into solution, crystal, and others, each catering to distinct application requirements and end-user preferences. The solution form of glyoxylic acid, which is typically available as an aqueous solution, holds the largest market share in 2024 due to its ease of handling, solubility, and comp

Uncover Market Research Intellect's latest Liquid Glyoxylic Acid Market Report, valued at USD 150 billion in 2024, expected to rise to USD 250 billion by 2033 at a CAGR of 7.5% from 2026 to 2033.