Global Methylglyoxal Cas 78-98-8 Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Methylglyoxal Cas 78-98-8 Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Methylglyoxal is an aldehyde compound, also known as methylglyoxal, 2-oxopropanal. It is a yellow or yellow-brown transparent liquid with a spicy smell and hygroscopicity. Use medicine, pesticide intermediates and biochemical reagents.

Market Overview:

The latest research study on the global Methylglyoxal Cas 78-98-8 market finds that the global Methylglyoxal Cas 78-98-8 market reached a value of USD 117.39 million in 2022. It’s expected that the market will achieve USD 145.11 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.

Market Risks/Restraints

The industry is technology-intensive. Through years of production and R & D, participants in this industry have accumulated a lot of technical data and production experience, and possess core technologies in this field. This technical data and production experience control production costs and increase production efficiency. Product performance and quality, as well as maintaining player competitiveness in the product segment are even more important. Therefore, the loss of core technical staff and the loss of technology have a great impact on players. At the same time, the competition for core technical talents in the industry is fierce. For industry participants, it is important to establish a confidential management system and recruit key talents.
Chemical raw materials are affected by the overall economic environment and the relationship between supply and demand, and prices will fluctuate to a certain extent. For methylglyoxal products, fluctuations in the price of product raw materials will affect production costs, reduce profit margins, and bring certain risks to business operations.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

The top three companies are BASF, Zhonglan Industry, Shijiazhuang Huikang Biological with the revenue market share of 52.33%, 11.92% and 7.93% in 2019.

BASF SE is a chemical company. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.

Zhonglan Industry Co., Ltd. established in 1996, is mainly engaged in the production and sales of cosmetic raw materials.

The company’s products are exported to such foreign markets as North America, South America, Eastern Europe, Oceania and Western Europe.

Segmentation Overview:

Among different product types, Chemical Grade segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pharmaceutical Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Methylglyoxal Cas 78-98-8 market covered in Chapter 3:

Zhonglan Industry
Cangzhou Goldlion Chemicals
Wenzhou OPAL Chemical Industry
BASF
Penta Manufacturing Company
YUECHENG Biotechnology
Shijiazhuang Huikang Biological

In Chapter 4 and Chapter 14.2, on the basis of types, the Methylglyoxal Cas 78-98-8 market from 2018 to 2029 is primarily split into:

Pharmaceutical Grade
Chemical Grade
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Methylglyoxal Cas 78-98-8 market from 2018 to 2029 covers:

Pharmaceutical Industry
Pesticide Industry
Biochemical Industry
Cosmetics Industry
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)