Glyoxylic Acid Prices, Index, News, Forecast and Historical Prices 2024

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Glyoxylic Acid Price in USA

  • United States: 1741 USD/MT

In the US, Glyoxylic Acid Prices fluctuated in Q2 2023, settling at 1741 USD/MT in June. The report outlines recent global market developments, updates, and trend.

The latest report by IMARC, titled Glyoxylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” delivers a comprehensive analysis of Glyoxylic Acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Glyoxylic Acid Prices December 2023:

  • United States: 1741 USD/MT
  • China: 1240 USD/MT
  • Belgium: 3080 USD/MT
  • France: 4041 USD/MT

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The study delves into the factors affecting  Glyoxylic Acid  price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Glyoxylic Acid Price Trend- Q4 2023

The glyoxylic acid market is driven by its versatile applications across various industries, most notably in pharmaceuticals, cosmetics, and agrochemicals. In the pharmaceutical sector, glyoxylic acid is a crucial intermediate in the synthesis of various active pharmaceutical ingredients (APIs) and drugs, such as antibiotics and analgesics, contributing significantly to its demand. The cosmetics industry also fuels market growth, as glyoxylic acid is used in formulations for hair straightening and skin care products, capitalizing on the increasing consumer focus on personal grooming and beauty.

Furthermore, the agrochemical sector utilizes glyoxylic acid in the production of herbicides and pesticides, which is essential for modern agricultural practices to ensure high crop yields and pest control. The growing trend towards sustainable and bio-based chemicals further enhances its market appeal, as glyoxylic acid can be derived from natural sources like glyoxal and oxalic acid. Additionally, innovations in manufacturing processes to improve yield and reduce environmental impact are impelling the market growth.

Glyoxylic Acid Market Analysis

The global glyoxylic acid market size reached 195.8 Kilotons in 2023. By 2032, IMARC Group expects the market to reach 330.9 Kilotons, at a projected CAGR of 6.00% during 2023-2032. Throughout the second quarter of 2023, glyoxylic acid prices in North America witnessed a steady decline, primarily influenced by decreasing Nitric Acid prices, a key raw material. This trend persisted in the USA, with slight falls in prices from April to June. Additionally, reduced exports due to low water levels in the Mississippi River contributed to surplus material in the country.

Moreover, despite the marginal consumer price index (CPI) increases, the glyoxylic acid market remained sluggish. In confluence with this, glyoxylic acid prices declined in the Chinese market, driven by reduced demand from the cosmetic and haircare sectors and falling Nitric Acid prices. The market saw a decrease in exports by the end of May, leading to increased inventories. Both domestic and international markets displayed low buying interest, contributing to ample material availability.

Meanwhile, with declining purchasing managers’ index (PMI) and industrial growth rates, an economic rebound hints at an impending price uptick in the upcoming months. Apart from this, the European glyoxylic acid market witnessed a significant increase during the second quarter of 2023. Belgium, France, and Italy experienced notable price increases due to heightened demand from the cosmetic and haircare sectors. Supply chain disruptions and heightened demand from importing nations also contributed to price hikes. As a result, the market remained bullish in Europe, fueled by strong buying interest from end-users. Furthermore, supply shortages and increased procurement orders further widened the demand-supply gap.

Key Points Covered in the Glyoxylic Acid Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

  • Glyoxylic Acid Prices
  • Glyoxylic Acid Price Trend
  • Glyoxylic Acid Demand & Supply
  • Glyoxylic Acid Market Analysis
  • Demand Supply Analysis by Type
  • Demand Supply Analysis by Application
  • Demand Supply Analysis of Raw Materials
  • Glyoxylic Acid Price Analysis
  • Glyoxylic Acid Industry Drivers, Restraints, and Opportunities
  • Glyoxylic Acid News and Recent developments
  • Global Event Analysis
  • List of Key Players

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
  • Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
  • North America: United States and Canada.
  • Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

Browse More Pricing Reports by IMARC Group:

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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