Glycolic Acid Market

Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2024

Report Code: CH 1544 Oct, 2019, by marketsandmarkets.com

[121 Pages Report] The glycolic acid market size is estimated at USD 280 million in 2019 and is projected to reach USD 395 million by 2024, at a CAGR of 7.2%. The glycolic acid industry is driven majorly by the growing personal care & dermatology and industrial application in the emerging countries of APAC.

Glycolic Acid Market

Cosmetics grade is estimated to lead the overall glycolic acid market during the forecast period.

Cosmetic grade leads the overall glycolic acid market. Cosmetic grade glycolic acid is the most purified form of glycolic acid used by cosmetic product manufacturers, generally in a concentration of 10%.  The current demand for cosmetic grade glycolic acid is majorly supported by the increasing use of cosmetic products in day to day owing to rising self-care awareness and increasing skin related problems. Further, the huge consumption of glycolic acid as a major keratolytic agent will likewise support market demand.

Personal care & Dermatology is estimated to be the largest application of glycolic acid.

Personal care & dermatology is the largest application of glycolic acid in 2018. The huge consumption of glycolic acid in the production of different personal care products, including moisturizing skin creams and lotions, acne treatment combinations, skin lightening combinations, sunscreen, and men’s care products. The growing sales of these products to drive the glycolic acid demand in personal care & dermatology segment. Further, glycolic acid’s consumption in hair care and nail care product is another major factor to drive market growth. Apart from personal care & dermatology, the industrial application is also a major consumer of glycolic acid, which is the second-largest as well as the fastest-growing application of glycolic acid. The increasing demand for glycolic acid in boiler cleaning application under the industrial sector is the major factor driving the market demand.

Glycolic Acid Market

APAC is projected to be the largest glycolic acid market.

APAC is estimated to be the largest glycolic acid market during the forecast period. China, India, Japan, South Korea, Thailand, and Indonesia are the major markets for glycolic acid in the APAC region, with China being the largest. The presence of a significant production base of glycolic acid along with enormous consumer spending on beauty and cosmetic products are expected to drive the glycolic acid market.

Key Market Players

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), Hefei TNJ Chemical Industry Co., Ltd. (China) are the key players operating in the glycolic acid market.

These companies have adopted several growth strategies to strengthen their position in the market. Expansions and new product development are the key growth strategies adopted by these leading players to enhance their product offering and regional presence and meet the growing demand for glycolic acid from emerging economies.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year

 2018

Forecast period

2019–2024

Units considered

Value (USD), Volume (Kiloton)

Segments

Grade, Application and Region

Regions

APAC, Europe,  North America, the Middle East & Africa, and South America

Companies

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), Hefei TNJ Chemical Industry Co., Ltd. (China)  
Total 25 major players covered.

This research report categorizes the glycolic acid market based on grade, application, and region.

By Grade:

  • Cosmetic grade
  • Technical grade

By Application:

  • Personal care & Dermatology
  • Industrial
  • Household
  • Others (tanning & dyeing, agriculture, adhesive, medical and food)

By Region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In October 2018, CABB Group GmbH invested a double-digit million euros to expand the production and storage capacity of monochloroacetic acid and its derivatives at its Gersthofen and Knapsack facility. This expansion will possibly boost the company’s glycolic acid production at its Gersthofen facility.
  • In 2018, The Chemours Company launched a new glycolic acid product by the brand name Glypure. The new glycolic acid product is used explicitly in the production of biodegradable polymers.
  • In January 2015, Hefei TNJ Chemical Industry Co., Ltd. started its operation center in China to serve its customers in a better way. The operation center has launched to help TNJ’s customers with regards to problems including logistics, customer service, documents, executives, financing, material purchasing, and others.

Critical questions the report answers:

  • What are the upcoming hot bets for the glycolic acid market?
  • What are the market dynamics for the different grades of glycolic acid?
  • What are the market dynamics for different applications of glycolic acid?
  • Who are the major manufacturers of glycolic acid?
  • What are the major factors which will impact market growth during the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Glycolic Acid Segmentation
           1.3.2 Regions Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Base Number Calculation
           2.2.1 Supply-Side Approach
           2.2.2 Demand-Side Approach
    2.3 Market Size Estimation
           2.3.1 Market Size Estimation Methodology: Bottom-Up Approach
           2.3.2 Market Size Estimation Methodology: Top-Down Approach
    2.4 Primary Data
           2.4.1 Key Data From Primary Sources
           2.4.2 Breakdown of Primary Interviews
    2.5 Assumptions

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 25)
    4.1 Attractive Opportunities in the Glycolic Acid Market
    4.2 Glycolic Acid Market in APAC, By Grade  and Country, 2018
    4.3 Glycolic Acid Market, By Grade, 2018
    4.4 Glycolic Acid Market, Regional Share

5 Market Overview (Page No. - 27)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Glycolic Acid in the Cosmetic Industry
                    5.2.1.2 Increasing Glycolic Acid Consumption in Varied Applications
           5.2.2 Restraints
                    5.2.2.1 Skin Problems Caused By the Use of Glycolic Acid-Based Cosmetic Products
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Biodegradable Polymers to Increase the Glycolic Acid Consumption
           5.2.4 Challenges
                    5.2.4.1 Stringent Regulations Regarding the Usage of Glycolic Acid
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
    5.5 Personal Care Sector Revenue

6 Glycolic Acid Market, By Purity (Page No. - 33)
    6.1 Introduction
           6.1.1 Glycolic Acid 99%
                    6.1.1.1 Huge Demand for Glycolic Acid 99% in the Medical Application Will Impact the Market Growth
           6.1.2 Glycolic Acid 70%
                    6.1.2.1 Glycolic Acid 70% is Majorly Used in Dermatology and Industrial Cleaning Applications
           6.1.3 Glycolic Acid 30%
                    6.1.3.1 The Demand for Glycolic Acid 30% in Skin Peel Application Under in the Cosmetic Industry is Likely to Increase
           6.1.4 Others
                    6.1.4.1 Glycolic Acid 60%
                    6.1.4.2 Glycolic Acid 57%

7 Glycolic Acid Market, By Grade (Page No. - 35)
    7.1 Introduction
           7.1.1 Cosmetic Grade
                    7.1.1.1 Increasing Demand for Skincare Creams Owing to Adverse Climatic Condition and Growing Old Age Population Will Have Positive Impacts on the Market 37
           7.1.2 Technical Grade
                    7.1.2.1 Huge Consumption of Glycolic Acid in Industrial Cleaning Application With Special Reference to Boiler Cleaning is Expected to Drive the Market

8 Glycolic Acid Market, By Application (Page No. - 40)
    8.1 Introduction
           8.1.1 Personal Care & Dermatology
                    8.1.1.1 Growing Demand for Anti-Aging and Anti-Pollution Products Will Drive the Market
           8.1.2 Industrial
                    8.1.2.1 The Consumption of Glycolic Acid is Increasing in Industrial Cleaning Application Due to Its Beneficial Properties
           8.1.3 Household
                    8.1.3.1 Increasing Demand for Effective and Efficient Household Cleaners With Antimicrobial Properties Will Drive the Market
           8.1.4 Others
                    8.1.4.1 Dyeing & Tanning
                    8.1.4.2 Adhesive
                    8.1.4.3 Agriculture
                    8.1.4.4 Medical
                    8.1.4.5 Food

9 Glycolic Acid Market, By Region (Page No. - 46)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
                    9.2.1.1 The Country has A Strong Manufacturing Base of Glycolic Acid
           9.2.2 Japan
                    9.2.2.1 The Presence of Major Cosmetic and Manufacturing Industries Will Drive the Glycolic Acid Market
           9.2.3 India
                    9.2.3.1 The Rapidly Growing Economy of the Country Will Influence the Different Application Industries of Glycolic Acid
           9.2.4 South Korea
                    9.2.4.1 The Presence of Large Industrial Sector Will Drive the Glycolic Acid Market
           9.2.5 Thailand
                    9.2.5.1 Growing Industrial and Personal Care Industry Will Increase the Demand for Glycolic Acid
           9.2.6 Indonesia
                    9.2.6.1 Presence of Major Cosmetics and Beauty Products Market Will Drive the Glycolic Acid Market
           9.2.7 Rest of APAC
    9.3 North America
           9.3.1 US
                    9.3.1.1 Increasing Demand for Vegan Cosmetic Products Will Significantly Support the Market Growth
           9.3.2 Canada
                    9.3.2.1 The Demand for Different Skincare Products is Increasing in the Country
           9.3.3 Mexico
                    9.3.3.1 The Presence of the Prominent Cosmetic Industry Will Augment the Demand for Glycolic Acid
    9.4 Europe
           9.4.1 Germany
                    9.4.1.1 The Country’s Large Cosmetic Market Will Positively Impact the Glycolic Acid Market Growth
           9.4.2 UK
                    9.4.2.1 Increasing Awareness Toward Skincare Products Will Drive the Glycolic Acid Market
           9.4.3 Italy
                    9.4.3.1 The Consumption of Glycolic Acid in the Beauty & Personal Care and Manufacturing Industries is Significantly High
           9.4.4 France
                    9.4.4.1 The Country is A Major Cosmetic Hub, Which Definitely Will Support the Glycolic Acid Market
           9.4.5 Spain
                    9.4.5.1 The Growing Beauty & Personal Care Industry Will Drive the Glycolic Acid Market
           9.4.6 Russia
                    9.4.6.1 The Country is Witnessing Strong Demand for Different Skincare Products
           9.4.7 Turkey
                    9.4.7.1 The Presence of Strong Industrial Sector Will Increase the Glycolic Acid Demand
           9.4.8 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
                    9.5.1.1 Increasing Demand for Halal-Certified and Organic Products Will Positively Impact the Market
           9.5.2 UAE
                    9.5.2.1 The Growing Cosmetic & Personal Care Sector Will Drive the Glycolic Acid Market
           9.5.3 South Africa
                    9.5.3.1 Presence of Industries Including Personal Care, Industrial Manufacturing, Textile, and Others Will Drive the Market
           9.5.4 Rest of the Middle East & Africa
    9.6 South America
           9.6.1 Brazil
                    9.6.1.1 The Prominent Industrial Sector Will Drive the Market  of Glycolic Acid
           9.6.2 Argentina
                    9.6.2.1 The Country has Strong Manufacturing and Industrial Sectors, Which Will Drive the Market
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 91)
     10.1 Introduction
     10.2 Market Ranking of Glycolic Acid Manufacturers
     10.3 Competitive Situations & Trends
             10.3.1 Expansion
             10.3.2 New Product Development

11 Company Profiles (Page No. - 93)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis MnM View)* 
     11.1 The Chemours Company
     11.2 CABB Group Gmbh
     11.3 China Petrochemical Corporation
     11.4 Water Chemical Co., Ltd
     11.5 Zhonglan Industry Co., Ltd.
     11.6 Xinhua Pharm
     11.7 Phibro Animal Health Corp.
     11.8 Hebei Chengxin Co., Ltd.
     11.9 Hefei TNJ Chemical Industry Co., Ltd.
     11.1 Avid Organics

12 Additional Company Profiles (Page No. - 113)
     12.1 Jiaxing Jlight Chemicals Co., Ltd.
     12.2 Wuhan Biocar Bio-Pharm Co., Ltd.
     12.3 Xinji City Taida Sinopec Co., Ltd.
     12.4 Crosschem LP
     12.5 Sancaiindustry
     12.6 Mehul Dye Chem Industries
     12.7 Siddharth Chlorochem
     12.8 Hangzhou Lingrui Chemical Co., Ltd.
     12.9 Cangzhou Goldlion Chemicals Co.,Ltd
     12.1 Velocity Chemicals Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

13 Appendix (Page No. - 116)
     13.1 Discussion Guide
     13.2 Available Customizations
     13.3 Related Reports
     13.1 Author Details


List of Tables (119 Tables)

Table 1 Trends and Forecast of Personal Care Sector Revenue, 2017–2023 (USD Million)
Table 2 Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 3 Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 4 Cosmetic Grade Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 5 Cosmetic Grade Glycolic Acid Market Size, By Region, 2017–2024 (Kiloton)
Table 6 Technical Grade Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 7 Technical Grade Glycolic Acid Market Size, By Region, 2017–2024 (Kiloton)
Table 8 Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 9 Personal Care & Dermatology: Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 10 Industrial: Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 11 Household: Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 12 Others: Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 13 Glycolic Acid Market Size, By Region, 2017–2024 (USD Million)
Table 14 Glycolic Acid Market Size, By Region, 2017–2024 (Kiloton)
Table 15 Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 16 Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 17 Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 18 APAC: Glycolic Acid Market Size, By Country, 20107–2024 (USD Million)
Table 19 APAC: Glycolic Acid Market Size, By Country, 2017–2024 (Kiloton)
Table 20 APAC: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 21 APAC: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 22 APAC: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 23 China: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 24 China: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 25 China: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 26 Japan: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 27 Japan: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 28 Japan: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 29 India: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 30 India: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 31 India: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 32 South Korea: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 33 South Korea: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 34 South Korea: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 35 Thailand: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 36 Thailand: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 37 Thailand: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 38 Indonesia: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 39 Indonesia: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 40 Indonesia: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 41 Rest of APAC: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 42 Rest of APAC: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 43 Rest of APAC: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 44 North America: Glycolic Acid Market Size, By Country, 2017–2024 (USD Million)
Table 45 North America: Glycolic Acid Market Size, By Country, 2017–2024 (Kiloton)
Table 46 North America: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 47 North America: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 48 North America: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 49 US: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 50 US: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 51 US: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 52 Canada: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 53 Canada: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 54 Canada: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 55 Mexico: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 56 Mexico: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 57 Mexico: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 58 Europe: Glycolic Acid Market Size, By Country, 2017–2024 (USD Million)
Table 59 Europe: Glycolic Acid Market Size, By Country, 2017–2024 (Kiloton)
Table 60 Europe: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 61 Europe: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 62 Europe: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 63 Germany: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 64 Germany: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 65 Germany: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 66 UK: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 67 UK: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 68 UK: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 69 Italy: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 70 Italy: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 71 Italy: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 72 France: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 73 France: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 74 France: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 75 Spain: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 76 Spain: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 77 Spain: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 78 Russia: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 79 Russia: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 80 Russia: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 81 Turkey: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 82 Turkey: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 83 Turkey: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 84 Rest of Europe: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 85 Rest of Europe: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 86 Rest of Europe: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 87 Middle East & Africa: Glycolic Acid Market Size, By Country, 2017–2024 (USD Million)
Table 88 Middle East & Africa: Glycolic Acid Market Size, By Country, 2017–2024 (Kiloton)
Table 89 Middle East & Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 90 Middle East & Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 91 Middle East & Africa: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 92 Saudi Arabia: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 93 Saudi Arabia: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 94 Saudi Arabia: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 95 UAE: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 96 UAE: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 97 UAE: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 98 South Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 99 South Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 100 South Africa: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 101 Rest of the Middle East & Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 102 Rest of the Middle East & Africa: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 103 Rest of the Middle East & Africa: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 104 South America: Glycolic Acid Market Size, By Country, 2017–2024 (USD Million)
Table 105 South America: Glycolic Acid Market Size, By Country, 2017–2024 (Kiloton)
Table 106 South America: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 107 South America: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 108 South America: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 109 Brazil: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 110 Brazil: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 111 Brazil: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 112 Argentina: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 113 Argentina: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 114 Argentina: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 115 Rest of South America: Glycolic Acid Market Size, By Grade, 2017–2024 (USD Million)
Table 116 Rest of South America: Glycolic Acid Market Size, By Grade, 2017–2024 (Kiloton)
Table 117 Rest of South America: Glycolic Acid Market Size, By Application, 2017–2024 (USD Million)
Table 118 Expansion, 2014–2019
Table 119 New Product Development, 2014–2019


List of Figures (30 Figures)

Figure 1 Cosmetic Grade to Be the Larger Segment of the Glycolic Acid Market By Value
Figure 2 Personal Care & Dermatology to Be the Largest Application of the Glycolic Acid Market By Value
Figure 3 APAC Was the Largest Glycolic Acid Market in 2018
Figure 4 Growing Cosmetic Grade to Drive the Market During the Forecast Period (2019-2024)
Figure 5 China Was Leading the Market of Glycolic Acid in APAC in 2018
Figure 6 Cosmetic Grade is Expected to Witness the Higher Growth Rate in the Forecast Period
Figure 7 Glycolic Acid Market to Register High Growth in APAC
Figure 8 Drivers, Restraints, Opportunities, and Challenges Governing the Glycolic Acid Market
Figure 9 Glycolic Acid Market: Porter’s Five Forces Analysis
Figure 10 Cosmetic Grade to Be the Larger Segment of the Glycolic Acid Market
Figure 11 APAC to Be the Largest as Well as the Fastest-Growing Market for Cosmetic Grade Glycolic Acid
Figure 12 Personal Care & Dermatology to Lead the Glycolic Acid Market
Figure 13 APAC to Be the Largest Market in the Personal Care & Dermatology Segment
Figure 14 Glycolic Acid Market: Regional Snapshot
Figure 15 India to Be the Fastest-Growing Market, 2019–2024
Figure 16 North America: Mexico is the Fastest-Growing Market, 2019–2024
Figure 17 Europe Market Snapshot: Spain is the Fastest-Growing Market, 2019–2024
Figure 18 Middle East & Africa Market Snapshot: South Africa is the Fastest-Growing Market, 2019–2024
Figure 19 South America Market Snapshot: Brazil is the Fastest-Growing Market, 2019–2024
Figure 20 Market Ranking of Key Players in 2018
Figure 21 The Chemours Company: Company Snapshot
Figure 22 The Chemours Company: SWOT Analysis
Figure 23 CABB Group Gmbh: Company Snapshot
Figure 24 CABB Group Gmbh: SWOT Analysis
Figure 25 China Petrochemical Corporation: Company Snapshot
Figure 26 China Petrochemical Corporation: SWOT Analysis
Figure 27 Water Chemical Co., Ltd: SWOT Analysis
Figure 28 Zhonglan Industry Co., Ltd.: SWOT Analysis
Figure 29 Xinhua Pharm: Company Snapshot
Figure 30 Phibro Animal Health Corp.: Company Snapshot

The study involved four major activities in estimating the current market size for glycolic acid. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers and Bloomberg BusinessWeek, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, and databases.

Primary Research

The glycolic acid market comprises of several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the developments in the cosmetics & personal care industry as well industrial sector. The supply side is characterized by market consolidation activities undertaken by raw material suppliers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents

Glycolic Acid Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the total size of the glycolic acid market. These methods were also used extensively to estimate the size of the various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study:

  • To define, describe, and forecast the global glycolic acid market size, in terms of value and volume
  • To provide detailed information regarding the key drivers, restraints, challenges, and opportunities influencing the market growth
  • To analyze and forecast the glycolic acid market based on grade and application
  • To analyze and forecast the market size, based on five key regions, namely, Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America along with their key countries
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments, such as expansion and new product development in the market
  • To strategically identify and profile the key market players and analyze their core competencies in the market

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Regional Analysis:

  • Country-level analysis of the glycolic acid market

Company Information:

  • Detailed analysis and profiling of additional market players
Report Code
CH 1544
Published ON
Oct, 2019
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