The global demand for Thioglycolates Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Tons in 2019 and foreseen to touch XX Tons by 2026 with a CAGR of XX% during 2020-2026.
Thioglycolic acid forms salts known as thioglycolates, which have a wide range of applications in cosmetics. As the thioglycolates are formed from thioglycolic acid, they are easily permitted through the skin and hence are used mainly in cosmetics and various hair removal products. They are also used for multiple purposes in the frozen food industry. PVC or polyvinyl chloride is used for a vast number of purposes and thioglycolates play a major role as a stabilizer in the production process of PVC. The major application of thioglycolates is in the hair removal industry.
The coronavirus outbreak has caused a standstill in the otherwise stable market for thioglycolates. The increased disposable income and tendency for higher expenditures has endorsed the growth of the market for thioglycolates. The current market is facing restraints due to the global lockdown measures and reduced investments towards cosmetic products. The only driving factor for the market in the present scenario is the frozen food industry, which utilizes thioglycolates as a major ingredient. Another challenge faced by the market is some regulatory challenges that highlight some serious health hazards of exposure to thioglycolates. The improvement in the global frozen food market is expected to boost the 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 thioglycolates.
The entire thioglycolates market has been sub-categorized into product type 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.
By Product Type
- Ethylene Glycol
- Hair Care and Cosmetic Product
- Chemical Intermediate
This section covers regional segmentation which accentuates on current and future demand for thioglycolates 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 Thioglycolates 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 thioglycolates market include 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. 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.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.