Glycolic acid, also known as hydroxyacetic acid (C?H?O?), is the smallest alpha-hydroxy acid (AHA). It is a colorless, odorless, and hygroscopic crystalline substance with excellent solubility in water. Sugarcane, cantaloupe, beet, unripe grapes and pineapple are examples of sugar crops that naturally produce it. Because of its small scale, it has an exceptional ability to penetrate deep into the skin and hence sees use in skincare products.
Adroit Market Research study on the global market for Glycolic Acid offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global Glycolic Acid market have been analyzed in depth.
The most common uses of glycolic acid were personal care and dermatology. Glycolic acid is commonly used in the manufacture of personal care items, such as moisturising skin creams and lotions, acne remedy variations, skin lightening combinations, sunscreen, and men's grooming products. Glycolic acid demand in the personal care and dermatology segment is expected to increase due to increasing sales of these products. Consumption of glycolic acid in hair and nail care products is also a major factor driving market development. Apart from personal care and dermatology, the industrial application, which is the second-largest and fastest-growing application of glycolic acid, is also a major customer. The major factor driving market demand is the growing demand for glycolic acid in boiler cleaning applications in the industrial sector.
Asia Pacific is the most influential region dominating the global glycolic acid market in terms of value. Due to a rise in population, an improved standard of living, and an increase in e-Commerce activities in the area, the region is expected to remain highly profitable during the forecast era. Rapid industrialization has urged an increase in the equipment repair practices in countries like China and India. Glycolic acid is a hard surface cleaner that is used to scrub and disinfect manufacturing machines. It is soluble in a various solvent and also has a good odour. It's also biodegradable and less toxic than most compounds.
The key players of the global glycolic acid market report include- The Chemours Company, China Petrochemical Corporation, CABB Group, Zhonglan Industry Co., Ltd., Water Chemical Co., Ltd, Xinhua Pharm, Phibro Animal Health Corporation, Avid Organics, Hebei Chengxin Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd.
Key Segments of the Global Glycolic Acid Market
Source Overview, 2018-2028 (USD Million)
Purity Overview, 2018-2028 (USD Million)
- 70% Purity
- 99% Purity
- 30% Purity
- 60% Purity
Grade Overview, 2018-2028 (USD Million)
- Cosmetic Grade
- Industrial Grade
- Technical Grade
Application Overview 2018-2028 (USD Million)
- Skin Care & Facial Rejuvenation
- Household Cleaners
- Industrial Cleaners
- Oil Field and Petroleum Refining
- Textile Dyeing & Finishing
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America