Thioglycolates Market Report: Market Revenue to close at USD 120.3 MN by 2026
Posted On June 11, 2020
The Global Thioglycolates Market is foreseen to grow at a remarkable CAGR of 3.4% during the year 2020-2026 as estimated by the report from Value Market Research wherein the market value is expected to grow from USD 95.5 MN in 2019 to USD 120.3 MN by 2026. Increasing demand for convenient hair perming and hair removing products is accelerating the global thioglycolate market. Furthermore, a rising trend for frozen foods and other frozen bakery products is boosting the market. The global market for thioglycolate is expected to drive steadily during the COVID-19 pandemic. The demand for ammonium thioglycolate is likely to increase owing to the increased demand for personal care products such as hair removers. However, the demand for sodium and potassium thioglycolate may experience a decline as the consumers are opting for fresh, homemade, and duly cooked food to improve immunity during the pandemic.
Thioglycolate is a salt or ester of thioglycolic acid, which has substantial applications in cosmetics. Thioglycolic acid includes two functional groups namely, thiol and carboxylic acid. The major salts of thioglycolic acid include sodium thioglycolate, ammonium thioglycolate, calcium thioglycolate, and potassium thioglycolate. Thioglycolates are easily permeable through the skin tissue; hence they are mainly used in hair perming, and removal of body hair. Ammonium thioglycolate contains enough ammonia and is used in hair perming and body hair removal. Besides, Sodium thioglycolates and potassium thioglycolates are used in the frozen food industry to preserve food for a longer duration.
The report "Global Thioglycolates Market Report By Product Type (Methanol, Ethylene Glycol, Diesel, Napthalene, Ethylbenzene, Formaldehyde), By Application (Hair Care and Cosmetic Product, Chemical Intermediate, Pharmaceutical) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" initially provides the market overview, executive summary followed by detailed revenue analysis bifurcated by segments and regions. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
By product type the thioglycolates market is divided into methanol, ethylene glycol, diesel, napthalene, ethylbenzene, formaldehyde. On the basis of by application the thioglycolates market is divided into hair care and cosmetic product, chemical intermediate, pharmaceutical.
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global Thioglycolates Market -
By Product Type
- Ethylene Glycol
- Hair Care and Cosmetic Product
- Chemical Intermediate
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
American International Chemical Inc., Haihang Industry Co. Ltd., CellMark Chemicals, Alfa Aesar, AN Pharma Tech Co. Ltd., Advanced Technology & Industrial Co. Ltd., Bruno Bock chemische Fabrik KG, ICC Chemical Corporation, Neostar United Industrial Co. Ltd., Triveni Chemicals.
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