The global demand for Glycolic Acid Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX in 2019 with a CAGR of XX% under the study period of 2020- 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
Glycolic acid is a naturally occurring substance, derived from plants such as sugarcane, pineapple, and sugar beets. Glycolic acid is an exfoliant. Since this ingredient is safe to be used on sensitive skin, glycolic acid is increasingly being used in anti-ageing products and cosmetics. The huge preference of cosmetic grade glycolic acid in personal care and cosmetics products used to treat skin problems including fine lines, irregular pigmentation and enlarged pores along with unique advantages in hair care with the proven benefits of hair moisturization, softness, strength, and others are expected to drive the cosmetic grade glycolic acid demand in future.
Rising demand from the cosmetic and personal care industry is the major driver of the global glycolic acid market. Growing applications of glycolic acid in the textile industry for dyeing and finishing is also boosting the demand for glycolic acid. In addition, product properties, such as excellent water solubility and a high degree of acidity, make it an ideal choice for creams and ointments for wrinkle treatment and scar removal.
Apart from these household and industrial cleaners are also major consumers of glycolic acid the expansion of which is witnessed in developing regions owing to economic development, rising population, growing per capita income and increasing standards of living thus contributing to the development of the glycolic acid market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Glycolic acid.
The entire Glycolic acid market has been sub-categorized into grade and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Cosmetic grade
- Technical grade
- Personal care & Dermatology
This section covers regional segmentation which accentuates on current and future demand for Glycolic acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Glycolic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Glycolic acid market include The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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