Global Glycolic Acid Market
Dublin, Nov. 10, 2022 (GLOBE NEWSWIRE) — The “Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care and Dermatology, Industrial, Household) and Region (Asia Pacific, North America , Europe, South America, Middle East and Africa) – Forecast to 2027 report” has been added to from ResearchAndMarkets.com offer.
The global glycolic acid market size is estimated at USD 327 Million in 2022 and is projected to reach USD 450 Million by 2027, growing at a CAGR of 6.6%, between 2022 and 2027.
Technical grade is the largest quality segment of the glycolic acid market
Technical grade glycolic acid is a colorless to light yellow liquid solution primarily used in the manufacture of household, industrial and electronic cleaners. It is available in a 70% concentration for applications ranging from automotive oil additives, oil and water well flow activators, and pH control products to chemical intermediates.
It is also considered ideal for use in emulsion polymers, solvents, and ink and paint additive applications to improve their gloss structure and flow properties. Technical grade glycolic acid is also widely used in oil and gas, building and construction, coatings, metal surface treatment, electronics manufacturing, polymer manufacturing, dairy processing and other apps.
Personal Care & Dermatology is the largest glycolic acid market application
The personal care and dermatology applications segment led the market in terms of value and volume. Glycolic acid is used in chemical peels, moisturizers, shampoos and other products. It helps treat and remove dead skin cells and helps the skin to revitalize itself and regain its lost moisture, due to which it is highly preferred in anti-pollution skincare products today. As the solution is of natural origin, it has no serious side effects except skin irritation if not used with sunscreens.
Other glycolic acid derivatives such as polyglycolic acid, ammonium glycolate, and sodium glycolate are often used in cosmetic applications. Cosmetic grade glycolic acid is typically used at a ratio of 2-4% with other moisturizing solutions in cosmetic products. The use of technical grade glycolic acid without purification is strictly discouraged due to certain residues such as iron in the solution.
Asia-Pacific is the largest market for glycolic acid market
The Asia-Pacific region is expected to be the largest market, in terms of value. Asia-Pacific is also expected to grow at the highest CAGR during the forecast period. Rising population, improved standard of living, increased awareness of personal care, and increase in e-commerce activities have led to an increase in the demand for cosmetics in this region. China and India are high growth markets for skin care, hair care and makeup products, supported by economic growth in these countries and increasing consumer spending on cosmetics.
Main topics covered:
2 Research methodology
3 Executive summary
4 premium previews
4.1 Asia-Pacific to Show Higher Growth Rate Due to Steady Economic Development and Increase in End-Use Applications
4.2 Glycolic Acid Market, By Grade
4.3 Glycolic Acid Market, by Application
4.4 Glycolic Acid Market, by Region and Application
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Growing Demand for Glycolic Acid in Cosmetics Industry
18.104.22.168 Increasing Glycolic Acid Consumption in Various Applications
22.214.171.124 Cosmetic products based on glycolic acid cause skin problems
126.96.36.199 Growing Demand for Biodegradable Polymers to Increase Glycolic Acid Consumption
188.8.131.52 Strict regulations regarding the use of glycolic acid
6 industry trends
6.1 Porter’s Five Forces Analysis
6.2 Macroeconomic indicators
6.3 Personal Care Sector Revenues
6.4 Supply Chain Analysis
6.4.1 Raw material manufacturers
184.108.40.206 Important companies
220.127.116.11 Small and medium enterprises
6.4.2 Application industries
6.5 Mapping of ecosystems
6.6 Technology Analysis
6.7 Analysis of case studies
6.8 Price Analysis
6.9 Business Analysis
6.10 Trends/disruptions affecting customer business
6.11 Patent analysis
6.12 Key Conferences and Events in 2022-2023
6.13 Tariffs and regulations: analysis of the regulations
6.13.1 Occupational Safety and Health Administration (Osha) standards for cement and concrete
6.13.2 European Union standards for glycolic acid
6.13.3 Regulatory bodies, government agencies and other organizations
7 Glycolic Acid Market, By Purity
7.2 Glycolic acid 99%
7.2.1 Huge Demand for 99% Glycolic Acid in Medical Applications to Drive Market Growth
7.3 Glycolic acid 70%
7.3.1 Growing Use in Dermatology and Industrial Cleaning Applications
7.4 Glycolic acid 30%
7.4.1 Increased demand for 30% glycolic acid for application of skin peels
7.5.1 Glycolic acid 60%
7.5.2 Glycolic acid 57%
8 Glycolic Acid Market, By Grade
8.2 Cosmetic quality
8.2.1 Demand for Skin Care Creams due to unfavorable climatic conditions and growing aging population driving segment
8.3 Technical quality
8.3.1 Rising Glycolic Acid Consumption in Industrial Cleaning Applications is Driving the Segment
9 Glycolic Acid Market, by Application
9.2 Personal care and dermatology
9.2.1 Growing Demand for Anti-Aging and Anti-Pollution Products to Drive Market
9.3.1 Rising Glycolic Acid Consumption in Industrial Cleaning Applications
9.4.1 Demand for Effective and Efficient Household Cleaners with Antimicrobial Properties Driving Market
9.5.1 Dyeing and tanning
10 Glycolic Acid Market, by Region
11 Competitive Landscape
11.2 Strategies Adopted by Key Players
11.3 Market Share Analysis
11.3.1 Ranking of Major Market Players
11.3.2 Market share of key players, 2021
18.104.22.168 Cabb Group GmbH
22.214.171.124 Chinese Petrochemical Company
126.96.36.199 Water Chemical Co., Ltd
188.8.131.52 Zhonglan Industry Co., Ltd.
11.4 Company Assessment Quadrant (Level 1)
11.4.3 Emerging Leaders
11.5 Startup/Small and Medium Enterprise (SME) Assessment Quadrant
11.5.1 Progressive companies
11.5.2 Sensitive companies
11.5.3 Starting Blocks
11.5.4 Dynamic companies
11.6 Competitive Benchmarking
11.7 Competitive Situation and Trends
11.7.2 Other developments
12 company profiles
12.1 Key Players
12.1.1 Chemours Company
12.1.2 Cabb Group GmbH
12.1.3 China Petrochemical Company
12.1.4 Water Chemical Co., Ltd
12.1.5 Zhonglan Industry Co., Ltd.
12.1.6 Shandong Xinhua Pharmaceutical Co. Ltd.
12.1.7 Phobro Animal Health Corp.
12.1.8 Hebei Chengxin Co., Ltd.
12.1.9 Hefei Tnj Chemical Industry Co., Ltd.
12.1.10 Greedy Organics
12.2 Startups and Small and Medium Enterprises (SMEs)
12.2.1 Jiaxing Jlight Chemicals Co., Ltd.
12.2.2 Wuhan Biocar Bio-Pharm Co., Ltd.
12.2.3 City of Xinji Taida Sinopec Co., Ltd.
12.2.4 Crosschem Lp
12.2.5 Sancai Industry
12.2.6 Mehul Dye Chem Industries
12.2.7 Siddharth Chlorochem
12.2.8 Hangzhou Lingrui Chemical Co., Ltd.
12.2.9 Cangzhou Goldlion Chemical Co.,Ltd
12.2.10 Velocity Chemicals Ltd.
12.2.11 Actiza Pharmaceutical Pvt. ltd.
12.2.12 Kureha Society
12.2.13 Merck KGaA
12.2.14 Saanvi Corp.
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