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Global Glycolic Acid Market 2017-2021

Global Glycolic Acid Market 2017-2021

About Glycolic Acid

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.

Glycolic acid can be formed in various ways. The common approach used is the catalyzed reaction of formaldehyde with synthesis gas to produce glycolic acid, and this method is a low-cost process. It is also formed by the reaction of chloroacetic acid with sodium hydroxide, followed by re-acidification. It is also extracted from natural sources, such as sugarcane, sugar beets, pineapple, cantaloupe, and unripe grapes.

Technavio’s analysts forecast the global glycolic acid market to grow at a CAGR of 11.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global glycolic acid market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • APAC,
  • Europe,
  • North America,
  • ROW
Technavio's report, Global Glycolic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • CrossChem LP
  • Phibro Animal Health Corporation
  • SimcoQC
  • The Chemours Company
  • Zhonglan Industry Co
Other prominent vendors
  • Ava Chemicals
  • Avid Organics
  • CABB
  • Euromi
  • Hefei TNJ Chemical Industry
  • Jlight Chemicals Company
  • Kureha Corporation
  • Mehul Dye Chem Industries
  • Vornia Biomaterials
Market driver
  • Growing demand from cosmetics industry
  • For a full, detailed list, view our report
Market challenge
  • Availability of inexpensive alternative products
  • For a full, detailed list, view our report
Market trend
  • Increasing use of microdermabrasion
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Glycolic Acid Market 2017-2021

Technavio recognizes the following companies as the key players in the global glycolic acid market: CrossChem LP, Phibro Animal Health Corporation, SimcoQC, The Chemours Company, and Zhonglan Industry Co

Other Prominent Vendors in the market are: Ava Chemicals, Avid Organics, CABB, Euromi, Griffin International, Hefei TNJ Chemical Industry, Jlight Chemicals Company, Kureha Corporation, Mehul Dye Chem Industries, Simco Chemicals, and Vornia Biomaterials.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of new applications to manufacture shampoo for companion animals. 0Major vendors have increased their research and development activities to explore new applications. One such application is the formulation of shampoo for companion animals. Glycolic acid is used in the formulation of shampoo for companion animals, such as dogs, cats, and horses. It offers moisture and restores dry and damaged skin cells, supports natural skin barrier, helps in reducing scales and crusts, and relieves itching and irritation of the skin.”

According to the report, one of the major drivers for this market is Growing demand from cosmetics industry. Glycolic acid is largely used in personal care and cosmetics. It is used as an ingredient in major products such as skin care, nail care, hair care, and men’s care products. Increase in demand from these applications is generating huge demand for glycolic acid in the personal care segment.

Further, the report states that one of the major factors hindering the growth of this market is Availability of inexpensive alternative products. Glycolic acid is largely used in cosmetic products. The high cost of glycolic acid has made end-users look for alternatives. Many alternatives such as Jessner's trichloracetic acid (TCA), phenol, and salicylic acid are available in the market. They are cost-effective, offer similar benefits as glycolic acid, and are more effective than glycolic acid. Among these alternatives, salicylic acid is preferred the most. In addition, lactic acid is some time is preferred over glycolic acid.

Companies Mentioned

CrossChem LP, Phibro Animal Health Corporation, SimcoQC, The Chemours Company, Zhonglan Industry Co, Ava Chemicals, Avid Organics, CABB, Euromi, Griffin International, Hefei TNJ Chemical Industry, Jlight Chemicals Company, Kureha Corporation, Mehul Dye Chem Industries, Simco Chemicals, and Vornia Biomaterials.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Overview
  • Market landscape
    • Global glycolic acid market
      • Table Global glycolic acid market 2016 and 2021 ($ millions)
      • Table Market forecast: Global glycolic acid market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global glycolic acid market segmentation by applications
      • Table Global glycolic acid market by applications 2016
      • Table Global glycolic acid market by applications 2021
      • Table Global glycolic acid by applications 2016 and 2021
    • Global glycolic acid market by personal care and cosmetics
      • Table Global glycolic acid market by personal care and cosmetics 2016 and 2021 ($millions)
      • Table Market forecast: Global glycolic acid market by personal care and cosmetics 2016-2021
    • Global glycolic acid market by household cleaners
      • Table Global glycolic acid market by household cleaners 2016 and 2021 ($ millions)
      • Table Market forecast: Global glycolic acid market by household cleaners 2016-2021
    • Global glycolic acid market by industrial
      • Table Global glycolic acid market by industrial 2016 and 2021 ($ millions)
      • Table Market forecast: Global glycolic acid market by industrial 2016-2021
    • Global glycolic acid market by others
      • Table Global glycolic acid market by others 2016 and 2021 ($ millions)
      • Table Market forecast: Global glycolic acid market by others 2016-2021
  • Geographical segmentation
    • Glycolic acid market segmentation by region
      • Table Glycolic acid market by region 2016
      • Table Glycolic acid market by region 2021
      • Table Glycolic acid market by region 2016 and 2021 ($ millions)
    • Glycolic acid market in North America
      • Table Glycolic acid market in North America 2016 and 2021 ($ millions)
      • Table Market forecast: Glycolic acid market in North America 2016-2021
    • Glycolic acid market in Europe
      • Table Glycolic acid market in Europe 2016 and 2021 ($ millions)
      • Table Market forecast: Glycolic acid market in Europe 2016-2021
    • Glycolic acid market in APAC
      • Table Glycolic acid market in APAC 2016 and 2021 ($ millions)
      • Table Market forecast: Glycolic acid market in APAC 2016-2021
    • Glycolic acid market in ROW
      • Table Glycolic acid market in ROW 2016 and 2021 ($ millions)
      • Table Market forecast: Glycolic acid market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Toxicity content of glycolic acid
  • Market trends
    • Development of new applications to manufacture shampoo for companion animals
    • Growing demand for blended products and peels
    • Increasing use of microdermabrasion
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • CrossChem LP
      • Table CrossChem LP: Product portfolio
      • Table CrossChem LP: Product in glycolic acid
    • Phibro Animal Health Corporation
      • Table Phibro Animal Health Corporation: Business segmentation by revenue 2016
      • Table Phibro Animal Health Corporation: Geographical segmentation by revenue 2016
      • Table Phibro Animal Health Corporation: Product in glycolic acid
    • SimcoQC
      • Table SimcoQC: Product portfolio
      • Table SimcoQC: Product in glycolic acid
    • The Chemours Company
      • Table The Chemours Company: Business segmentation by revenue 2016
      • Table The Chemours Company: Geographical segmentation by revenue 2016
      • Table The Chemours Company: Product in glycolic acid
    • Zhonglan Industry Co
      • Table Zhonglan Industry Co: Product portfolio
      • Table Zhonglan Industry Co: Products in glycolic acid
  • Appendix
    • List of abbreviations
  • Explore Technavio

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