Glycolic Acid is an alpha-hydroxy acid (AHA), which is colorless, odorless, and highly soluble in alcohol. It is also derived from fruit and milk sugars. It is synthesized from ethylene glycol-oxidizing microorganisms. Glycolic acid contains a keratolytic, germinative layer and produces a fibroblast stimulating action. Its chemical formula is C2H4O3.
Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightening and anti-aging products from the youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning. Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.
In North America, the U.S. contributed the largest market share of 53.3% in terms of volume in 2016 and is projected to grow at the highest CAGR of 5.49% followed by Canada during the review period. Europe holds the second largest market share in 2016. In Europe, Germany dominate the regional market and is projected to grow at the highest CAGR followed by France, Spain, and the UK. The Asia Pacific market is expected to grow positively during the forecast period. Emerging economies such as India, China, Japan, and Australia are projected to grow at a significant rate owing to the growing applications in various industries such as personal care and textile dyeing & finishing.
Critical Questions Addressed by the Report
- What are the current trends that are driving the Glycolic Acidmarket?
- Where will all these developments take the industry in the mid- to long-term?
- Who are the top vendors in the Glycolic Acidmarket and what is their competitive analysis?
- How is adoption of Glycolic Acidsolutions among different industries?
- How is the adoption of Glycolic Acidsolutions among different regions?
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The global Glycolic Acid market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019–2025.
This report focuses on Glycolic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Glycolic Acid market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Glycolic Acid in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Glycolic Acid manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
- CrossChem
- Phibro Animal Health Corporation
- SimcoQC
- The Chemours Company
- Zhonglan Industry
Segment by Regions
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
Segment by Type
- Natural
- Synthetic
Segment by Application
- Personal Care
- Household
- Industrial
- Others
What is the regional structure of the market? Our analysis-
- The Glycolic AcidIndustry report analyzes footprint of every product and its significance, analyzes examines each geographical segment of the market with import, export, consumption, and production in these regions to provide a complete understanding of the Glycolic Acidmarket.
- Basic information with detail to the Glycolic Acidmarket share held by the regions in company with the trade, deal, that every geography explanations for have been given in the report. Our business offerings show the fresh and the trustworthy information derived from relevant data, which helps businesses to give strength and a competitive edge.
In addition to, the Glycolic AcidIndustry report covers analysis of different products available in the global market based on production, volume, revenue, and cost and price structure. The Glycolic AcidMarket report also highlights key strategies that proved to be profitable for the business along with the strategies involved in business expansion, partnership deals, composition, and new product/service launches.”
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The Glycolic Acid Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.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.Get more information on "Global Glycolic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/glycolic-acid-market/download-sampleMarket DynamicsRising demand from cosmetic and personal care industry is the major driver of global glycolic acid market.
Growing applications of glycolic acid in 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.
