Glyoxylic Acid Prices

Glyoxylic Acid Prices June 2024

During Q2 2024, glyoxylic acid prices in the USA reached 1,645 USD/MT in June. The market saw a rise in prices owing to the high seasonal need from the cosmetics sector. However, this upward trend reversed as demand eased and inventory levels stabilized. Throughout the period, the supply chain remained unaffected, ensuring a steady flow of products to meet the fluctuating demand.

In the second quarter of 2024, glyoxylic acid prices in South Korea were 1,223 USD/MT in June. An initial rise in expenses was seen in the market due to higher sales in the cosmetics and haircare industries. As individual confidence rebounded, demand grew sharply before decreasing later, attributed to sufficient inventory levels. The supply chain operated efficiently, demonstrating a harmony between varying orders and steady supply circumstances.

In France, the glyoxylic acid prices in Q2 2024 were at 4,156 USD/MT in June. The prices rose initially, supported by the increasing use in the cosmetics and haircare industries over the summer. This rise in demand was short-lived, with prices dropping as consumer purchasing slowed and inventories were replenished. The supply chain remained stable, ensuring a consistent flow of products throughout the quarter.

Glyoxylic Acid Prices March 2024

During Q1 2024, the glyoxylic acid prices in the USA reached 1,543 USD/MT in March. The market benefited from a rise in demand, especially in cosmetics and haircare sectors. Festive celebrations initially increased demand but later slowed production because of reduced operational efficiency. The approaching summer further stimulated interest, contributing to a tightening supply and pushing prices upwards.

In Q1 2024, glyoxylic acid prices in South Korea were 1,273 USD/MT in March. The market faced price volatility, influenced by low demand early on and a revival later as festivals like Lunar New Year approached. Production inefficiencies because of the festive season compounded supply constraints, leading to fluctuating market conditions and a gradual increase in prices toward the end of the quarter.

In Italy, the glyoxylic acid prices in Q1 2024 were at 3,945 USD/MT in March. Initial low demand in the time of the New Year gave way to a price rise by February and March, driven by preparations for upcoming celebrations and the personal care sector’s seasonal demand. Operational slowdowns due to festivities further tightened supply, contributing to market instability.

Glyoxylic Acid Prices June 2023

The glyoxylic acid prices in the United States for Q2 2023 reached 1,741 USD/MT in June. During this period, glyoxylic acid prices in North America saw a continuous decline. This decrease was primarily influenced by the falling nitric acid prices, a key feedstock for its production. Limited demand from the haircare and personal care industries, along with increasing operational costs, further pressured prices. The Mississippi River's reduced water levels restricted exports to key countries such as France, Belgium, Mexico and Canada leading to a surplus within the USA.

The price trend for glyoxylic acid in China for Q2 2023, reached 1,240 USD/MT in June. In the Asia Pacific region, glyoxylic acid prices continued to decrease during the quarter. The reduction in adoption rates from the haircare and cosmetic sectors, combined with lower feedstock nitric acid prices, contributed to this downward trend. Export reductions from China during May end led to increased domestic inventories. A lack of buying interest, both locally and internationally, along with ample supply, sustained the lower prices.

The price trend for glyoxylic acid in Belgium for Q2 2023, reached 3,080 USD/MT in June. Contrary to global trends, glyoxylic acid prices in Europe rose throughout the period. The increase was driven by the rising product acquisition from the haircare and cosmetic sectors in countries such as Belgium, France, and Italy. Supply chain disruptions and strong demand from both within and outside the market further boosted prices, creating a bullish market outlook. Despite a decline in the Industrial Production Index in countries like Belgium and Italy, glyoxylic acid prices remained unaffected.

The glyoxylic acid prices in France for Q2 2023 reached 4,041 USD/MT in June. During the second quarter of 2023, the Europe market experienced rising prices, contrasting with global trends. France, along with Belgium and Italy, saw notable price increases driven by heightened demand from the haircare and cosmetic sectors. In France, this increase was influenced by supply chain disruptions and strong demand from both international and national buyers, leading to a significant gap between supply and demand. Despite declines in the Industrial Production Index across Europe, these factors have kept Glyoxylic Acid prices elevated in the region.

Regional Coverage

The report provides a detailed analysis of the glyoxylic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the glyoxylic acid price trend. 

Global Glyoxylic Acid Price

The report offers a holistic view of the global glyoxylic acid pricing trends in the form of glyoxylic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into glyoxylic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into glyoxylic acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed glyoxylic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Glyoxylic Acid Price

Q2 2024:

The market in Europe displayed mixed signals in Q2. Prices initially rose, motivated by the rise in demand during the summer months from the cosmetics and haircare sectors. Key industry players experienced higher sales owing to a rise in consumer buying activity, which increased the need for glyoxylic acid in many cosmetic uses. Additionally, as the quarter progressed, prices decreased due to dwindling demand and customers already having bought enough. Despite these changes, the supply chain stayed strong, guaranteeing a steady flow of goods without major interruptions, in line with the market's ever-changing order and consistent supply.

Q1 2024:

Instability characterized the European market, with significant effects on Germany and Italy. The market began with a considerable decrease in prices, but this trend reversed as the quarter progressed. The early part of January saw limited demand due to New Year festivities, which had no vital impact on prices in Asia. However, with approaching festivals like Lunar New Year, Ramadan, and Easter, demand picked up in February and March, particularly from the personal and haircare sectors. This seasonal uptick, alongside a slower production pace because of the festive period, led to tighter supplies. The market's volatility was underscored by fluctuating prices as demand outpaced the constrained supply.

Q2 2023:

Contrary to global trends, glyoxylic acid prices in Europe rose during Q2 2023. The increase was driven by higher demand from the haircare and cosmetic industries in countries such as Belgium, France, and Italy. Supply chain disruptions and strong demand from both domestic and international markets further boosted prices, creating a bullish market outlook. Despite a decline in the Industrial Production Index in countries like Belgium and Italy, glyoxylic acid prices remained unaffected. The demand-supply gap widened due to shortages in supply and heightened procurement activities, keeping the market in a state of growth.

This analysis can be extended to include detailed glyoxylic acid price information for a comprehensive list of countries.

North America Glyoxylic Acid Price

Q2 2024:

During Q2 2024, the market in North America saw fluctuating trends. Prices initially increased due to heightened demand that varies depending on the season from the cosmetics and haircare industries, driven by a rise in consumer purchases over the summer. Leading companies, especially in the mass market and dermatological segments, reported robust sales growth, which increased demand for glyoxylic acid, an essential component in many cosmetic formulations. However, as the quarter progressed, prices began to decline as demand cooled, with inventories already stocked up. The supply chain functioned smoothly without significant disruptions, showcasing a balance between stable supply and changing consumer demand by the end of the quarter.

Q1 2024:

The market in North America showed strong performance, mainly driven by increased demand from sectors like cosmetics and haircare. Early in the quarter, the western market saw high need due to New Year celebrations, but this momentum slowed as January continued. However, demand remained steady in the Asian market as it prepared for major celebrations like Lunar New Year and Ramadan. The upcoming summer season further boosted interest in personal and haircare products. Despite this demand surge, production faced challenges because of reduced operational efficiency, as celebrations slowed work processes in manufacturing facilities. This reduction in productivity, combined with heightened demand, led to tighter supply conditions and rising prices.

Q2 2023:

During Q2 2023, glyoxylic acid prices in North America saw a continuous decline. This decrease was primarily influenced by the falling nitric acid prices, a key feedstock for its production. Limited demand from the haircare and personal care industries, along with increasing costs of operation, further pressured prices. The Mississippi River's low water levels restricted exports to key countries such as France, Mexico, Belgium, and Canada, leading to a surplus within the USA. Although consumer prices and the personal care index showed a slight growth during this period, the market did not recover. However, an uptick in prices is anticipated on account of rising costs of nitric acid and costly imports.

Specific glyoxylic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Glyoxylic Acid Price

The report explores the glyoxylic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on glyoxylic acid prices for countries can also be provided.

Asia Pacific Glyoxylic Acid Price

Q2 2024:

The market in the Asia Pacific experienced varied trends in Q2. The early months saw a price rise because of high applications in the cosmetics and haircare sectors, which were buoyed by recovering consumer confidence and increasing sales. Major brands reported significant month-on-month sales growth, further driving the need for glyoxylic acid, a key component in cosmetic products. However, as the quarter progressed, prices began to soften due to a decrease in demand, as many people had accumulated their stock. Despite these fluctuations, the supply chain remained steady, with a smooth inflow of cargoes throughout the quarter.

Q1 2024:

The market in Asia Pacific experienced considerable volatility. Initially, the market faced a dip in demand from the cosmetics and haircare sectors, with minimal activity in January. However, the market began to recover for upcoming festivities like Lunar New Year, Ramadan, and Easter increased. This growing demand, coupled with the preparation for summer, led to a significant rise in prices during February and March. Manufacturing operations across the region slowed because of the festive season, which further constrained the supply. These disruptions in production, along with the revived demand, created a tight market environment, resulting in fluctuating prices throughout the quarter.

Q2 2023:

In the Asia Pacific region, Glyoxylic Acid prices continued to decrease during Q2 2023. The drop in adoption from the haircare and cosmetic sectors, combined with lower feedstock nitric acid prices, contributed to this downward trend. Export reductions from China during May end led to increased domestic inventories. A lack of buying interest, both locally and from outside the region, along with ample supply, sustained the lower prices. The Purchasing Manager Index in China showed a slight dip, reflecting reduced industrial growth. Despite these challenges, expectations are set for a price increase as the economy shows signs of recovery.

This glyoxylic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Glyoxylic Acid Price

The analysis of glyoxylic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Glyoxylic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Glyoxylic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of glyoxylic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of glyoxylic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of glyoxylic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing glyoxylic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Glyoxylic Acid Market Analysis

The global glyoxylic acid industry 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.

• The increasing product demand in cosmetics sector for utilization in hair straightening and conditioning agents is one of the key factors driving the market growth. This chemical is responsible for improving the efficacy and longevity of many formulations. The market for cosmetics is growing at a yearly pace of 4.8%, reaching US$ 618.7 Billion by 2032. Also, Europe is a huge market for cosmetics, with a value of €88 billion in sales. Its market is divided into nations that contribute to its rising popularity in the cosmetics and personal care sector. Germany amounted to €14.3 billion share, France €12.9 billion, Italy €11.5 billion, the UK €10.5 billion, Spain €9.3 billion, and Poland (€4.5 billion). This has increased the need for glyoxylic acid in Europe to deliver effective cosmetic products to the world.
• The widespread product utilization in pharmaceutical sector produce antibiotics and other medications is acting as another growth-inducing factor. The pharmaceutical industry is expanding at an incredible rate due to the rising healthcare costs, infrastructure development, and better public knowledge. For instance, the pharmaceutical sector in the UK generates 40.8 billion pounds in revenue annually. Similarly, in the US, healthcare spending saw a hike of 4.1%, reaching $4.5 trillion or $13493/person. Furthermore, the Indian pharmaceutical industry is expected to reach a valuation of $130 billion by 2030. Also, India exports a large quantity of pharmaceuticals to over 200 countries. The country supplies over 50% of Africa’s requirement for generics, 40% of generic demand in the US, and 25% of all medicine in the UK.
• The significant growth in food and beverage (F&B) sector is creating a positive outlook for the market. Moreover, rising product demand in this sector for manufacturing vanillin, which is a flavoring agent, is expanding its market share. The F&B sector across the globe is growing at an incredible rate. In emerging economies like India, it will reach a valuation of US$ 470 billion by financial year 2025, rising from USD 263 billion in 2021. Moreover, in regions like Europe, the industry for food and beverages generated a total turnover of €1.1 trillion in 2023.
• In the water treatment sector, glyoxylic acid is essential to remove pollutants and impurities. It facilitates reducing organic pollutants and enhancing its adoption in municipal and industrial wastewater treatment plants. Additionally, the substance’s compatibility with other water treatment chemicals makes it an important part of comprehensive water purification strategies. 8 out of 10 people in rural regions lack access to clean drinking water, as per the most recent data from UNICEF and the WHO. Also, children under the age of five report 1.7 billion cases of diarrhea annually. These alarming facts highlight how crucial glyoxylic acid is to guarantee the safety of water for several applications throughout the day.

Glyoxylic Acid News

The report covers the latest developments, updates, and trends impacting the global glyoxylic acid industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in glyoxylic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the glyoxylic acid price trend.

Latest developments in the glyoxylic acid industry:

•  August 2023: Guolin New Materials announced the expansion of its high-quality glyoxylic acid business to the European market. This expansion will help the company to expand its geological presence and serve more customers in the region.

Product Description

Glyoxylic acid is a colorless liquid that is highly reactive and found in a solution form. It is known for its versatility in chemical reactions, particularly for its ability to participate in condensation reactions. Glyoxylic acid is produced from glyoxal through oxidation processes and can be derived from ethylene glycol or acetic acid via different synthesis routes. It exhibits unique properties, such as a melting point of approximately 98°C and a boiling point of 111°C at 5mm Hg pressure.

Glyoxylic acid finds applications in the production of vanillin, pharmaceuticals, cosmetics, textile bleaching, pesticide manufacturing, leather tanning, polymer production, water treatment, organic synthesis, and skincare formulations. It offers numerous benefits, such as enhanced flavor in food, improved pharmaceutical efficacy, quality textiles, effective agricultural chemicals, and high-performance cosmetic products. Moreover, it is lauded for its cost-effectiveness, eco-friendly properties, high reactivity, non-toxic nature, and global availability.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of glyoxylic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting glyoxylic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The glyoxylic acid price charts ensure our clients remain at the forefront of the industry.