Published February 2, 2023
Sales of glycolic acid were valued at US$ 475 million in 2021, and it is anticipated that they would expand by 5.2% year over year in 2022 to reach US$ 500 million. The sector is anticipated to grow at a 7% rate between 2022 and 2032, reaching a market size of US$ 988.3 Million.
From 2015 to 2021, the worldwide glycolic acid market expanded at a 5% CAGR. Spending on personal care and cosmetics that improve skin texture has increased over the past five years per individual. Additionally, companies that sell OTC products based on skin treatments have expanded outside of major cities and into high-potential nations.
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Will Demand for Glycolic Acid-based Skin Care Products Rise Due to Digital Pollution?
Today’s population is more conscious of digital emissions. According to research, blue LED light from cellphones, televisions, and computers penetrates the dermis of people’s skin, causing oxidative stress and premature ageing.
As a result, producers of glycolic acid are increasing consumer knowledge and the range of skincare products containing the ingredient. The skincare sub-segment of the personal care and cosmetics application segment is anticipated to use more than 25 KT of glycolic acid by 2032. As a result, producers never stop working to create new skincare products. The skin care market is predicted to grow at a 6.3% CAGR.
Key Companies Profiled
- Avid Organics
- CABB Group GmbH
- China Petroleum & Chemical Corporation (SINOPEC)
- CrossChem LP
- Hebei Chengxin Co., Ltd.
- Hefei TNJ Chemical Industry Co.Ltd.
- Phibro Animal Health Corporation
- Saanvi Corp.Shandong Xinhua Pharmaceutical Co.Ltd.
- The Chemours Company
- Water Chemical Co., Ltd
- Zhonglan Industry Co., Ltd.
In order to help market leaders, investors, small businesses, and others gain insight into the global market, Glycolic Acid market global report offers reliable and useful industry information and statistics on the domestic and international markets.
Participants in the market are provided with the knowledge they need to make vitally important decisions, such as market expansion and foreign market investment, thanks to the study. The study makes predictions about upcoming business, political, and economic trends and developments that may have an impact on how they behave on a national and international level.
What are the key benefits of this Glycolic Acid market research report?
- The report does a CAGR computation and covering regulatory updates, best market practices, and new trends in the market.
- The report does international Glycolic Acid market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
- The report provides domestic as well as international planning in terms of business expansion and investments.
- The report suggests strategies to the key participants that to enable them expand in their business in existing or new international markets.
- The report is the overall outlook of the global industry economy.
- The report covers all the topics in the Glycolic Acid market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.
All market-related issues, markets, and concepts are included in the study. In addition to discussing concerns related to the selected markets, the study also addresses the multinational businesses that have recently dominated the Glycolic Acid industry.
The analysis comprises statistical data presented as graphs that indicate the state of the industry on both domestic and international markets. The research’s conclusions are supported by global industry experts and analysts as well as market risks and opportunities.
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The significance of Glycolic Acid research, which use a variety of data collection techniques and seeks to understand consumer preferences, geographic markets, and segmentation that may give an advantage over other organisations, has increased in recent years. The information and data gathered throughout the research are typically extensive and complex.
However, utilising tried-and-true methodology and procedures, these complex industry insights are simplified for the market study’s target users. Businesses can choose from a variety of solutions with the aid of estimates of CAGR values, market drivers, and market constraints. After speaking with an expert, the process of creating a market report is started using a few phases or the combination of many techniques.
Glycolic Acid Market: Segmentation
- by Grade :
- Glycolic Acid ≤68%
- Glycolic Acid 70%
- Glycolic Acid ≥99%
- by Application :
- Personal Care & Cosmetics
- Skin Care
- Hair Care
- Others (including Nail Care and Dental Care)
- Plant Growth Stimulation
- Food Flavoring & Preservation
- Polyglycolic Acid (PGA) Manufacturing
- Cleaning Agent
- Oil & Gas
- Leather Dyeing & Tanning
- Other Applications (including Biomedical & Drug Delivery and Gas Barrier Packaging)
- Personal Care & Cosmetics
- by Region :
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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The key business strategies discussed in this market research revolve around-
- Which are the key business segments in the global industry?
- What are the important elements used to study the business intelligence of the market?
- What is the market value of the dominant firms operating in the Glycolic Acid industry?
- What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the industry?
- What are the entry barriers and expansion barriers globally in the business?
- What are the trends in the market, growth possibilities, investment risks in the worldwide Glycolic Acid market?
- What are the prospect opportunities and industry investment chances in the market?
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