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Global Glycolic Acid Market Expected to Grow with a CAGR of 8% During the Forecast Period, 2018-2027 - ResearchAndMarkets.com

January 16, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 16, 2020--

The “Glycolic Acid - Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering.

The Global Glycolic Acid Market accounted for $261.48 million in 2018 and is expected to reach $531.48 million by 2027 growing at a CAGR of 8%.

Increasing demand for glycolic acid in the cosmetic industry, growing glycolic acid consumption in varied applications is likely to boost the growth of the market. However, Skin problems caused by the use of glycolic acid-based cosmetic products are likely to hamper the profit boundaries.

Glycolic acid belongs to a group of active compounds known as AHAs (alpha hydroxyl acids), which are primarily found in vegetables and fruits such as sugarcane, pineapple, unripe grapes, etc. Glycolic acid possesses the smallest molecules in the group; this enables quick and easy penetration of human skin. It is therefore very effective in skin treatment and is widely used in cosmetic formulations. Due to the increased adoption of personal care products, the glycolic acid market is witnessing significant growth.

Glycolic acid is also used for the manufacturing of poly glycolic acid (PGA) and in absorbable sutures for surgical/medical applications. Improving healthcare standards, particularly in emerging economies, are expected to accelerate the demand for these sutures. This would, in turn, boost the demand for glycolic acid. The key players operating in this market are Chemsolv, Inc., DuPont, Phibro Animal Health Corporation, CrossChem LP, Parchem, Sigma-Aldrich, Phibro Animal Health Corporation, Griffin International Inc. and Crosschem LP.

Based on the type, the glycolic acid segment is owing to increasing demand for glycolic acid-based products for scalp treatment and hair nourishment.

By geography, Europe accounted for the substantial market share of over 30% due to a rapidly developing skin and hair care industry. Increasing demand for anti-aging and acne removal creams is expected to drive the market further over the forecast period. Presence of various cosmetics manufacturers in Italy and France is also likely to boost market growth.

What the report offers:

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Glycolic Acid Market, By Grade

5.1 Introduction

5.2 Cosmetic Grade

5.3 Industrial Grade

5.4 Medical Grade

5.5 Technical Grade

5.6 Other Grades

6 Global Glycolic Acid Market, By Purity

6.1 Introduction

6.2 Glycolic Acid 30%

6.3 Glycolic Acid 70%

6.4 Glycolic Acid 99%

6.5 Other Purities

6.5.1 Glycolic Acid 57%

6.5.2 Glycolic Acid 60%

7 Global Glycolic Acid Market, By Type

7.1 Introduction

7.2 Hydroxyacetic Acid

7.3 Glycolic Acid Solution

7.4 Glycolic Acid Solid

7.5 Other Types

8 Global Glycolic Acid Market, By Application

8.1 Introduction

8.2 Household

8.3 Industrial

8.4 Personal Care & Dermatology

8.5 Other Applications

8.5.1 Adhesive

8.5.2 Agriculture

8.5.3 Dyeing & Tanning

8.5.4 Food

8.5.5 Medical

9 Global Glycolic Acid Market, By Geography

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 South America

9.6 Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures

10.2 Acquisitions & Mergers

10.3 New Product Launch

10.4 Expansions

10.5 Other Key Strategies

11 Company Profiling

11.1 CABB Group Gmbh

11.2 China Petrochemical Corporation

11.3 Hebei Chengxin Co Ltd

11.4 Hefei TNJ Chemical Industry Co Ltd

11.5 Phibro Animal Health Corp

11.6 The Chemours Company

11.7 Water Chemical Co Ltd

11.8 Xinhua Pharm

11.9 Zhonglan Industry Co Ltd

11.10 Velocity Chemicals Ltd

11.11 Siddharth Chlorochem

11.12 Sancaiindustry

11.13 Mehul Dye Chem Industries

11.14 Hangzhou Lingrui Chemical Co Ltd

11.15 Cangzhou Goldlion Chemicals Co Ltd

11.16 Wuhan Biocar Bio-Pharm Co Ltd

For more information about this report visit https://www.researchandmarkets.com/r/u3jgg8

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KEYWORD:

INDUSTRY KEYWORD: COSMETICS RETAIL CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Research and Markets

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PUB: 01/16/2020 10:14 AM/DISC: 01/16/2020 10:13 AM

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