The report "Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027" size is estimated at USD 327 million in 2022 and is projected to reach USD 450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027. Growth in the glycolic acid market can primarily be attributed to the growing demand for glycolic acid in the cosmetic industry and personal care products, specifically as a preferred ingredient in anti-aging, anti-pollution, and over-the-counter skin care products. The demand for glycolic acid in anti-aging products is mainly expected to increase in developed countries, owing to the rising aging population; this trend is also expected in developing regions.
Browse 192 market data Tables and 38 Figures spread through 170 Pages and in-depth TOC on "Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/glycolic-polyglycolic-acid-market-1090.html
Technical grade is the largest grade segment of the glycolic acid market
On the basis of grade, the market is segmented into cosmetic grade and technical grade. The technical grade of glycolic acid is a colorless-to-light yellow liquid solution mainly used for manufacturing household, industrial, and electronics cleaners. The increasing demand for technical grade glycolic acid from industrial cleaning, tanning & dyeing, agriculture, and other industries, is expected to drive its demand during the forecast period.
Personal Care & Dermatology is the largest application segment of the glycolic acid market
On the basis of application, the market is segmented into personal care & dermatology, industrial, household, and others. The personal care & dermatology application segment led the market in terms of both value and volume. The huge demand for glycolic acid-based products in the treatment of acne, hyperpigmentation, and old age effects such as fine lines, age spots, and dullness is expected to drive the demand for glycolic acid in this application. There is increasing demand for glycolic acid as a keratolytic agent for treating dermatological diseases.
Asia Pacific is the largest market for glycolic acid market
The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. The presence of major beauty & cosmetics market, along with rising industrialization and manufacturing activities, will drive the glycolic acid market in Asia Pacific. Emerging economies in Asia Pacific are expected to experience significant demand for glycolic acid due to the growing cosmetics and personal care, manufacturing, healthcare, industrial, and other industries. The growing population in these countries represents a strong customer base.
The Chemours Company (US), China Petrochemical Corporation (China), CABB Group GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China) are key players in glycolic acid market.
Don’t miss out on business opportunities in Glycolic Acid Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441