The term “glycolic acid market” refers to the industry for an alpha-hydroxy acid (AHA) that is colourless, odourless, and water-soluble and is obtained from natural sources such sugarcane, sugar beets, and pineapple. It is commonly used as a chemical exfoliant in personal care and cosmetic goods. Various other uses for it include tanning, hair care, and dental hygiene.
The market is being pushed by rising consumer desire for natural and organic personal care products, rising glycolic acid usage in anti-aging products, and rising acceptance of chemical peels. The market is also being driven by increased demand for skin lightening products and growing knowledge of glycolic acid’s advantages in skincare.
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Key Market Segments Covered
- Grade
- Glycolic Acid ≤68%
- Glycolic Acid 70%
- Glycolic Acid ≥99%
- Application
- Personal Care & Cosmetics
- Skin Care
- Hair Care
- Others (including Nail Care and Dental Care)
- Plant Growth Stimulation
- Food Flavoring & Preservation
- Polyglycolic Acid (PGA) Manufacturing
- Cleaning Agent
- Household
- Industrial
- Institutional
- Oil & Gas
- Electronics
- Leather Dyeing & Tanning
- Others (including Biomedical & Drug Delivery and Gas Barrier Packaging)
- Regions
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Takeaways from Market Study
- In 2020, the global glycolic acid market was worth over US$ 270 million
- Global demand for glycolic acid is projected to register a CAGR of more than 7% during the assessment period
- Primary factor expected to drive the market is rising use of skin care and hair care products around the world
- The Asia Pacific region dominates the global market as compared to other regions
- As a natural alternative to synthetic chemicals in beauty products, formaldehyde-free glycolic acid is widely used
- Use of formaldehyde-free glycolic acid as a clean alternative to synthetic chemicals is increasing in beauty products
Key Companies Profiled
- Avid Organics
- CABB Group GmbH
- China Petroleum & Chemical Corporation (SINOPEC)
- CrossChem LP
- Hebei Chengxin Co., Ltd.
- Hefei TNJ Chemical Industry Co.Ltd.
- Phibro Animal Health Corporation
- Saanvi Corp.Shandong Xinhua Pharmaceutical Co.Ltd.
- The Chemours Company
- Water Chemical Co., Ltd
- Zhonglan Industry Co., Ltd.
More Valuable Insights on Glycolic Acid ≥99% Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Glycolic Acid ≥99%, Sales and Demand of Glycolic Acid ≥99%, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
