Global Glycolic Acid Market

The Global Glycolic Acid Market was valued at USD xx Million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% during forecast period 2018-2026.Global Glycolic Acid Market Segmentation by GradeGlycolic acid is a type of alpha- hydroxyl acid (or AHA) that’s derived from sugar cane. It joins other acids such as lactic acid, tartaric acid and citric acid.

 

Global Glycolic Acid Market Segmentation by Grade

Global Glycolic Acid Market Drivers and Restrains

Increasing demand from cosmetic and personal care industry is the major driver of global glycolic acid market. Since this ingredient is safe to be used on sensitive skin, glycolic acid is increasingly being used in anti-ageing products and cosmetics developed specially for sensitive skin. Applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid.
The major advantage of glycolic acid is that it does more than treat breakouts. The ingredient can also tackle hyperpigmentation, dullness and signs of skin aging, such as lines and wrinkles, without breaking a sweat. Moreover the increase in adoption of the glycolic acid in emulsion polymer and in the formulation of additives which further used finds application in paints and ink industry also fuel the demand of glycolic acid. Other factors like improvement in healthcare standards in different emerging and developing economies such as China, India and Japan will further propel the demand for glycolic acid.

However, rise in awareness amongst the people about the ill effects of the usage of glycolic acid leading to skin allergies will somehow restrain the growth of glycolic acid globally. Also stringent regulations by the developed economies imposed on the manufacturers regarding the capping in the usage of glycolic acid in pharmaceutical formulation is acting as an adoption barrier over the forecasted period.
Global Glycolic Acid Market Regional Analysis

Geographically, Global Glycolic Acid Market is segmented into APAC, North America, Europe, MEA& Africa and Latin America.
APAC is expected to lead the global glycolic acid market during forecast period at a CAGR of xx% during forecast period. Developing economies such as China, India, Japan, South Korea, Thailand, and Indonesia are the major markets for glycolic acid in the APAC region, with China being the largest. The presence of a significant production base of glycolic acid along with largest consumer base for beauty and cosmetic products are expected to drive the glycolic acid market in APAC region. China and India are the two major countries in the APEJ region contributing in the consumption of glycolic acid in different application industries such as industrial, household and cosmetics.

Global Glycolic Acid Market Segmentation Analysis

By grade global glycolic acid market is segmented into cosmetic grade and technical grade.
Cosmetic grade segment is expected to lead the global glycolic acid market over forecast period. By Application market is segmented into Personal Care & Dermatology, Industrial, and Household. Personal care application is leading the market and accounted for over 60% of the global share thanks to increasing demand for glycolic acid-based products for scalp treatment and hair nourishment.
The household cleaning segment is expected to be valued at USD xx million by 2026 at CAGR of xx%. Increasing product usage in bathroom and kitchen cleaners is expected to drive the segment.

Global Glycolic Acid Market Competitive Landscape

The key players operating in global glycolic acid market are, The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China) CrossChem, SimcoQC, Zhonglan Industry, Ava Chemicals.

These players are adopting various organic and inorganic growth strategies to strengthen their position in the market. Expansions, M&A, strategic alliances, partnerships and new product development are the key growth strategies adopted by these leading players to enhance their business operations, revenues and regional presence.

The objective of the report is to present a complete calculation of the Global Glycolic Acid Market and contains thoughtful insights, historical data, facts, industry-validated market data and plans with a suitable set of assumptions and methodology. The report also helps in the Global Glycolic Acid Market is a dynamic structure by identifying and analysing the market segments and project the global market size. The additional, report also focuses on the competitive analysis of key player’s by-product, financial position, price, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Glycolic Acid Market.

 

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Scope of Report:

Global Glycolic Acid Market Segmentation by Grade

• Cosmetic
• Technical
Global Glycolic Acid Market Segmentation by Application

• Personal Care & Dermatology
• Industrial
• Household
Global Glycolic Acid Market Segmentation by Region

• APAC
• North America
• Europe
• MEA& Africa
• Latin America
Global Glycolic Acid Market Major Players

• The Chemours Company (US)
• China Petrochemical Corporation (China)
• CABB Group (Germany)
• Zhonglan Industry Co., Ltd. (China)
• Water Chemical Co., Ltd (China)
• Xinhua Pharm (China)
• Phibro Animal Health Corporation (US)
• Avid Organics (India)
• Hebei Chengxin Co., Ltd. (China)
• Hefei TNJ Chemical Industry Co., Ltd. (China)
• CrossChem
• SimcoQC
• Zhonglan Industry
• Ava Chemicals
• Allergan Pharma
• SkinMedica
• Parchem
• CrossChem LP

 

 

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