Glyoxylic Acid Price Trend and Forecast

Regional Price Overview

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

Glyoxylic Acid Price Trend for the First Half of 2023


The Asia-Pacific market mostly declined in the first and second quarters of 2023 as the demand from cosmetics and haircare industries declined significantly. However, the rising cost of energy in the first quarter provided little support, which was not sufficient to curb the pressure of declining economic conditions. In addition to this, poor purchasing sentiments of buyers and the loss of momentum of the glyoxylic acid market in both domestic and international markets caused the price trend of glyoxylic acid to fall in the first half of 2023.


A significant decline in the prices of glyoxylic acid was observed in the first quarter of 2023, but the market dynamics improved in the second quarter. The first quarter was negatively impacted by the falling cosmetic market and instability in the related industries due to rising levels of inflation. But the second quarter was favorable to the prices of glyoxylic acid. There was a significant incline in the trend as it was supported by the slowing down of supply chains, which could not suffice with the increasing demand for the product. The consumers also showcased high confidence in the market and supported the rise in prices.

North America

Unlike the European market, glyoxylic acid prices declined in North America in the first and second quarters of 2023. In the first quarter, there was a noticeable disbalance in the supply and demand equilibrium due to high rates of operations. In the second quarter, the cost of feedstock materials and buying potential of consumers also declined amid the fluctuating market conditions. The level of exports thus also declined which eventually caused the fall in the price trend of glyoxylic acid.

Analyst Insight

According to Procurement Resource, glyoxylic acid prices are expected to remain volatile in the coming months, given the current market dynamics amid rising inflation and reduced consumer confidence.

Procurement Resource provides latest prices of Glyoxylic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Glyoxylic acid is a colorless pungent smelling liquid that is found in nature as well as an intermediate in various metabolic pathways. It also plays a significant role in synthesis of many chemicals such as amino acids, pharmaceuticals, and agrochemicals. It is also utilized in the textile industry as a dye-fixing agent and in domestic formulations. Due to its reactivity and versatility, glyoxylic acid is a valuable chemical building block in organic synthesis and industrial processes.

Product Details

Report Features Details
Product Name Glyoxylic Acid
Chemical formula C2H2O3
Industrial Uses Cosmetic industry, Agrochemical industry, Textile industry, Pharmaceutical industry
HS Code 29121990
CAS Number 298-12-4
Molecular weight 74.03 g/mol
Synonyms Oxoacetic acid
Supplier Database Akema S.r.l, Zhinglan Industry Co Ltd, Marcelo Roberto Pressi, STAN Chemical Co Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

Maleic acid solution in aqueous phase is subjected to controlled pressure conditions at constant temperature around 15-25°C that gives glyoxylic acid as its final product.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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