Glycolic Acid Market Size Was Valued at USD 306.79 Billion in 2023 and is Projected to Reach USD 671.84 Billion by 2032, Growing at a CAGR of 9.10% From 2024-2032.
Glycolic acid, a member of the alpha hydroxy acids (AHAs) group, is commonly found in fruits and vegetables such as sugarcane, pineapple, and unripe grapes. With the smallest molecular size among AHAs, it easily penetrates the skin, making it a highly effective ingredient in cosmetic formulations for skin treatments. As the demand for personal care products rises, the glycolic acid market is experiencing substantial growth.Beyond cosmetics, glycolic acid is also used in the production of poly glycolic acid (PGA) and absorbable sutures, which are essential in surgical and medical applications. The growing focus on healthcare improvements, particularly in emerging economies, is expected to increase the demand for these sutures, further boosting glycolic acid demand.
The Major Players Covered in this Report:
Merck KGaA, DuPont, CrossChem Limited, Parchem fine & specialty chemicals, Phibro Animal Health Corporation, Chemsolv, Inc., Griffin International, Mehul Dye Chem Industries, The Chemours Company, Vytrus Biotech, Other Key Players
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Glycolic Acid Market Trend Analysis
Increasing Demand for Glycolic Acid in the Cosmetics and Personal Care Sector
One good sized trend is the growing demand for glycolic acid inside the cosmetics and personal care zone. Glycolic acid, recognized for its exfoliating properties, is widely utilized in skin care products along with facial cleansers, peels, and anti-getting older creams. The growing client cognizance approximately skincare and the rising choice for products that provide anti-getting old blessings are propelling the demand for glycolic acid-primarily based formulations.
Through meticulous segmentation analysis and extensive geographical coverage, we offer a deep understanding of regional trends. A key aspect of our Glycolic Acid report is the thorough examination of company profiles and competitive landscapes. This provides detailed insights into market players' roles, overviews, operating business segments, products, and financial performance. By meticulously evaluating critical metrics like production volume, sales volume, and sales margin, we offer a comprehensive understanding of their market position.
Segmentation of The Glycolic Acid Market
By Purity
99%, 70%, 30%, Others
By Applications
Personal Care, Household, Industrial, Others
Regional Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
**Note – Updated Version 2024 is available
- Brief Overview to the research study.
- Table of Contents the scope of the study’s coverage
- Leading market participants
- Structure of the report’s research framework
- Introspective Market research’ approach
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Key Industry Developments in the Glycolic Acid Market:
In June 2023, a worldwide chemical organisation, The Chemours Company, regarded for its expertise in performance substances, titanium technologies, and thermal & specialised answers, reached a deal to promote its enterprise associated with glycolic acid. The enterprise can be bought for a cash quantity of USD 137 million to PureTech Scientific Inc. Through this acquisition, PureTech Scientific targets to set up itself as a main worldwide player within the natural synthesis of ultra-excessive purity alpha hydroxy acids, catering to the distinctiveness chemical and life sciences industries. The final touch of the transaction is predicted to take location inside the 1/3 region of 2023, difficulty to regulatory approvals and customary closing conditions.
Study Objectives of this report are:
- To study and analyze the global Glycolic Acid market size (value and volume) by company, key regions/countries, products and application, history data from 2017 to 2023, and forecast to 2032.
- To understand the structure of Glycolic Acid market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market
- Focuses on the key global Glycolic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Glycolic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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