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Glyoxylic Acid Market Analysis - Global Industry Analysis, Trends, and Forecast 2022 - 2030

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  Market Insights Glyoxylic Acid, also known as oxo-acetic acid, is an organic compound which finds utility in various chemicals as a chemical intermediate. Market Research Future (MRFR) has circulated a report which assesses the global glyoxylic acid market for the assessment period 2017 to 2023. It reveals that the market is poised to expand at 5.27% CAGR over the review period. It also estimates that the valuation of the market is set to reach USD 849.1 Mn by 2023 up from USD 76.7 Mn in 2016. The derivatives of the acid are likely to witness rising applications which is poised to drive the growth of the Glyoxylic Acid Market Analysis Share over the next couple of years. Rising demand from the end-use industry verticals such as pharmaceutical and personal care industries are expected to play the most crucial role in the development of the market in the years to come. In addition, the application of vanillin in the food & beverage industry is further expected to propel the ex