Glycolic acid is a member of the AHA (alpha hydroxyl acids) class of active compounds, which are mainly present in organic vegetables and fruits such as sugarcane, pineapple, and unripe grapes. Glycolic acid contains the smallest molecules in the group, allowing it to enter the human skin rapidly and efficiently. As a result, it's widely used in topical formulations and has a high degree of effectiveness in organic skin care. The glycolic acid market is experiencing tremendous growth as a result of the increased consumption of personal care goods. Glycolic acid is also used in the manufacture of poly glycolic acid (PGA) and in surgical and medical absorbable sutures.
The global market for the Glycolic Acid is anticipated to develop at a compound annual growth rate (CAGR) of 7% throughout the course of the forecast, to reach US$ 1,130.60 Mn by 2032.
.jpg "The Global Glycolic Acid Market 2022-2032 (USD Million)")
The base year considered for the analysis is 2019 and from 2020 to 2028 the market size is estimated. The growing use of glycolic acid as an ingredient in personal care and beauty products, owing to its excellent penetrability into the skin, is driving the global market. It's most widely used for fine lines, wrinkles, blackheads, dullness, and oiliness, among other things. It's also used to treat psoriasis, melasma, and seborrheic keratosis, among other skin disorders.
The aim of the report is to estimate the size of the market for Glycolic Acid and the future growth potential of the market for Glycolic Acid across various segments, such as Source, Purity, Grade, Application and Region.
The organic personal care and cosmetics application segment led the global glycolic acid market in terms of value. Fine hair, dead skin, and wrinkles are all handled with glycolic acid. It even helps to keep the skin looking fresh. Glycolic acid is commonly used in skin care and hair care formulations as an exfoliating and moisturizing agent. Shampoos, conditioners, and detanglers, as well as hair and scalp masks, all contain glycolic acid. Exfoliation cosmetics, skin peeling products, creams, serums, lotions, cleansers and toners, moisturizing skin creams and lotions, skin-lightening blends, and men's grooming products all contain glycolic acid.
During the forecast period, APAC is projected to be the largest glycolic acid industry. The main markets for glycolic acid in the APAC region are China, India, Japan, South Korea, Thailand, and Indonesia, with China being the main. The emergence of a large glycolic acid supply base, as well as huge customer spending on beauty and cosmetic products, is expected to move the glycolic acid market ahead.
Glycolic Acid Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2032 |
| Study Period | 2018-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 1,130.60 Mn |
| Growth Rate | CAGR of 7% during 2022-2032 |
| Segment Covered | By Grade, By Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Parchem,Phibro Animal Health Corporation,Griffin International,The Chemours Company,Kureha Corporation,Vornia Biomaterials,SimcoQC,CrossChem LP,Dupont,Zhonglan Industry Co |
Key Segments of the Global Glycolic Acid Market
1.1.1 Source Overview (USD Million)
- Natural
- Synthetic
1.1.2 Purity Overview (USD Million)
- 70% Purity
- 99% Purity
- 30% Purity
- 60% Purity
- Others
1.1.3 Grade Overview (USD Million)
- Cosmetic Grade
- Industrial Grade
- Technical Grade
- Medical
1.1.4 Application Form Overview (USD Million)
- Skin Care & Facial Rejuvenation
- Household Cleaners
- Industrial Cleaners
- Medical
- Oil Field and Petroleum Refining
- Textile Dyeing & Finishing
- Electropolishing
- Others
Regional Overview (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Important Companies in Global Glycolic Acid market
- 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.
- Hefei TNJ Chemical Industry Co., Ltd.
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of Glycolic Acid Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Glycolic Acid Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on source, grade, purity, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Glycolic Acid Market. The report will benefit: Every stakeholder involved in the Glycolic Acid Market.
- Managers within the Glycolic Acid industry looking to publish recent and forecasted statistics about Glycolic Acid Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Glycolic Acid Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
Asia Pacific dominated the market forglycolic acid market and accounted for the largest revenue share.
The base year for the report is 2023 in glycolic acid market
The major contenders in the global market are glycolic acid market include The Parchem, Phibro Animal Health Corporation, Griffin International, The Chemours Company, Kureha Corporation, Vornia Biomaterials, SimcoQC, CrossChem LP, Dupont, Zhonglan Industry Co