Global Glycolic Acid Market, 2024-2030

Glycolic acid (C2H4O3 ) also known as hydroacetic acid or hydroxyacetic acid, which is derived from sugar cane, pineapple and sugar beets. It is colourless, odourless, and hygroscopic crystalline solid which is highly soluble in water. Glycolic acid is a 2-hydroxy monocarboxylic acid that is acetic acid where the methyle group has been hydroxylated. It has a role as a metabolite and a keratolytic drug. Due to its excellent capability to penetrate skin, glycolic acid is often used in skin care products, most often as a chemical peel. It may reduce wrinkles, acne scarring, and hyperpigmentation and improve many other skin conditions, including actinic keratosis, hyperkeratosis, and seborrheic keratosis. Glycolic acid is a known inhibitor of tyrosinase. This can suppress melanin formation and lead to a lightening of skin colour.

Hydroxycetic acid is widely used in metal processing. It is used in oil well operations and as an etching agent. Hydroxyacetic acid is used for fabric dyeing, printing and in leather tanning. It is also an ingredient in some household cleaning products. It is allowed to be used as an adhesive in food packaging products.it also finds application in adhesives, agriculture animals ( animal husbandry, farming of animals/animal production, raising of animals for food or fur, animal feed, products for household pets) and crops (helps to growing of crops) It is safe for human,but limited dose, it is used external only ,if consume orally may cause respiratory, thymus, and liver damage & kidney damage. The Department of Health and Human Services (DHHS), National Toxicology Program (NTP) has not listed hydroxyacetic acid as a human carcinogen.

The global glycolic acid research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global glycolic acid market is growing at a fast pace and increasing its geographical footprint rapidly. The global glycolic acid market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due huge amount of consumption by cosmetics, personal care, and pharmaceutical industries as expansion of these sector all over the globe. The major growth driver for glycolic acid market are the rising self-care awareness, increasing skin related problems, rising use of skin care creams and growing demand for biodegradable polymers

Glycolic acid enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of glycolic acid market globally. The companies that lead global market are, Merck KGaA, Saanvi Corp.,Zhonglan Industry Co., Ltd. Xinji City Taida Sinopec Co., Ltd., Xinhua Pharm, Wuhan Biocar Bio-Pharm Co., Ltd., Water Chemical Co., Ltd, Velocity Chemicals Ltd., Mehul Dye Chem Industries, Jiaxing Jlight Chemicals Co., Ltd., Hefei TNJ Chemical Industry Co., Ltd., Hebei Chengxin Co., Ltd., Hangzhou Lingrui Chemical Co.,Ltd., Crosschem LP, China Petrochemical Corporation, Chemours Company, Cangzhou Goldlion Chemicals Co.,Ltd, CABB Group Gmbh, and Avid Organics.

Research Methodology

The research process includes the market segmentation of the global glycolic acid market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global glycolic acid market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global glycolic acid industry dynamics
• Estimation of the present global glycolic acid market size in terms of value and volume.
• Global glycolic acid market breakup based on by type and application.
• Verified global glycolic acid market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global glycolic acid industry value chain.