Glycolic Acid Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $5,000	273 Pages	Future Market Insights	January, 2023	FMARI17843998

Best Price Guarantee
Price	from $5,000
Length	273 Pages
Publisher	Future Market Insights
Published Date	January, 2023
SKU	FMARI17843998

Glycolic Acid Market

Introduction

Glycolic acid falls under the category of alpha hydroxy acid (AHA). Glycolic acid is generally odorless, colorless and hygroscopic crystalline solid. Furthermore the glycolic acid is highly soluble in aqueous solutions. Glycolic acid are generally obtained from natural phenomenon due to its abundance availability in fruits and sources such as unripe grapes, pineapple, sugarcane, cantaloupe and sugar beets. Commercially glycolic acid is prepared by the reaction of formaldehyde with synthesis gas in the presence of catalyst. This method is cost effective in nature and widely adopted by the manufacturers for the synthesis of glycolic acid. Furthermore reaction of sodium hydroxide with chloroacetic acid which is then followed by re-acidification is one more viable method for the synthesis of glycolic acid. In market place the glycolic acid are commercially available in different grades such as technical grade, industrial grade and pharmaceutical grade which are further consumed in different application areas. Glycolic acid is also used in the formulation of the polyglycolic acid which is commercially formed by the polycondensation of the glycolic acid. Furthermore the polyglycolic acid is used commercially in the extraction of the shale gas widely. Also there has been wide adoption of polyglycolic acid has been witnessed in absorbable sutures for surgical applications. Glycolic acid is also used in the formulation of the shampoos particularly for companion animals such as horses, cats and dogs. Glycolic acid shows numerous advantages such as restoration of damaged and dry skin cells with the help of the moisture process. Furthermore due to its smallest molecules present in the group the glycolic acid enables the fast and easy penetration on the human skin which enhanced the natural skin barrier, which helps in the reduction of the scales and crusts which further relieves from the irritation and itching of the skin.

Glycolic Acid Market: Drivers and Restraints

In last few years, an increase in the production & consumption of glycolic acid for numerous application has been witnessed and a similar roadmap and trend is expected to follow in the coming years. The main reason implicit behind the increase in sales and consumption of glycolic acid is increase in demand for skincare and hair care cosmetic products based on glycolic acid due which is driven by the increasing awareness about healthy skin and hair. Likewise the positive attributes like high solubility in water and highly acidic nature makes glycolic acid as the material for choice for the formulation and synthesis of creams and ointments which is used for the treatment of scars and wrinkles. 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 growing and emerging economies will further propel the demand for glycolic acid. However, rise in awareness amongst the people about the ill effects of the usage of glyclolic acid leading to skin allergies will somehow dent the growth of glycolic acid globally. Also stringent regulations by the European government 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

Glycolic Acid Market: Segmentation

On the basis of Grade, the Glycolic Acid Market can be segmented as:

Technical Grade
Pharmaceutical Grade
Industrial Grade
On the basis of Application, the Glycolic Acid Market can be segmented as:

Personal Care & Cosmetics
Household
Textile
Industrial Cleaners
Agriculture
Others
Glycolic Acid Market: Region Wise Outlook

The global glycolic acid market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2016, North America is the major market for the consumption of glycolic acid based products, the growth is driven by the increasing demand for acne & wrinkle removal creams among the middle aged woman with in the region, and also increase focus in skin nourishment helps the compound gaining attention within the region. Europe is one of the prominent region holding the substantial demand for glycolic acid based product and growing health care industry. APEJ and Latin America regions will also register rapid growth due to the increasing demand for furan resins with the increase in application in pharmaceutical product formulations. 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 cosmeceutical. Also low manufacturing cost in the region coupled with the growing and emerging economy drives the consumption of glycolic acid with in the region. Japan is showing the steady growth in the consumption and adoption of glycolic acid based products due to limited availability of the manufacturers. MEA region is also projected to expand with a significant CAGR over the forecast period.

Examples of some of the market participants in the global Glycolic Acid Market identified across the value chain include:

Parchem
Phibro Animal Health Corporation
Griffin International
The Chemours Company
Kureha Corporation
Vornia Biomaterials
SimcoQC
CrossChem LP
Dupont
Zhonglan Industry Co
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

1. Executive Summary | Glycolic Acid Market: 1.1. Global Market Outlook; 1.2. Demand Side Trends; 1.3. Supply Side Trends; 1.4. Technology Roadmap; 1.5. Analysis and Recommendations
2. Market Overview: 2.1. Market Coverage / Taxonomy; 2.2. Market Definition / Scope / Limitations
3. Key Market Trends: 3.1. Key Trends Impacting the Market; 3.2. Product Innovation / Development Trends
4. Key Success Factors: 4.1. Product Adoption / Usage Analysis; 4.2. Product USP’s / Features; 4.3. Strategic Promotional Strategies
5. Global Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032: 5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021; 5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032; 5.3. Y-o-Y Growth Trend Analysis
6. Global - Pricing Analysis: 6.1. Regional Pricing Analysis; 6.2. Global Average Pricing Analysis Benchmark
7. Global Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032: 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021; 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032; 7.2.1. Y-o-Y Growth Trend Analysis; 7.2.2. Absolute $ Opportunity Analysis
8. Market Background: 8.1. Macro-Economic Factors; 8.1.1. Global GDP Growth Outlook; 8.1.2. Global Chemical Industry Overview; 8.1.3. Global Cosmetics Industry Overview; 8.1.4. Global Textile Industry Overview; 8.1.5. Global Pharmaceutical Industry Overview; 8.1.6. Global Oil & Gas Sector Overview; 8.1.7. Global Industry Outlook; 8.2. Forecast Factors - Relevance & Impact; 8.2.1. Top Companies Historical Growth; 8.2.2. GDP Growth forecast; 8.2.3. Growth in Oil & Gas Industry; 8.2.4. Growth in Chemical Industry; 8.2.5. Other Forecast Factors; 8.3. Value Chain; 8.3.1. Raw Material Suppliers; 8.3.2. List of Distributors; 8.3.3. Product Manufacturers; 8.3.4. List of Probable End Users; 8.4. COVID-19 Crisis – Impact Assessment; 8.4.1. Current Statistics; 8.4.2. Short-Mid-Long Term Outlook; 8.4.3. Likely Rebound; 8.5. Market Dynamics; 8.5.1. Drivers; 8.5.2. Restraints; 8.5.3. Opportunity Analysis; 8.6. Global Supply Demand Analysis; 8.7. PESTLE and Porter’s Analysis; 8.8. Trade Scenario; 8.9. Investment Feasibility Matrix
9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Grade: 9.1. Introduction / Key Findings; 9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Grade, 2017 to 2021; 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Grade, 2022 to 2032; 9.3.1. Technical Grade; 9.3.2. Pharmaceutical Grade; 9.3.3. Industrial Grade; 9.4. Market Attractiveness Analysis By Product Grade
10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Source: 10.1. Introduction / Key Findings; 10.2. Historical Market Size (US$ Million) and Volume Analysis By Source, 2017 to 2021; 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Source, 2022 to 2032; 10.3.1. Natural; 10.3.2. Synthetic; 10.4. Market Attractiveness Analysis By Source
11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use: 11.1. Introduction / Key Findings; 11.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021; 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032; 11.3.1. Personal Care; 11.3.2. Chemicals; 11.3.3. Oil & Gas; 11.3.4. Textile; 11.3.5. Pharmaceuticals; 11.3.6. Agriculture; 11.3.7. Electronics; 11.3.8. Others; 11.4. Market Attractiveness Analysis By End Use
12. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region: 12.1. Introduction; 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021; 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032; 12.3.1. North America; 12.3.2. Latin America; 12.3.3. Europe; 12.3.4. Middle East and Africa (Middle East & Africa); 12.3.5. East Asia; 12.3.6. South Asia and Pacific; 12.4. Market Attractiveness Analysis By Region
13. North America Analysis 2017 to 2021 and Forecast 2022 to 2032: 13.1. Introduction; 13.2. Pricing Analysis; 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 13.4.1. By Country; 13.4.1.1. USA; 13.4.1.2. Canada; 13.4.2. By Product Grade; 13.4.3. By Source; 13.4.4. By End Use; 13.5. Market Attractiveness Analysis; 13.5.1. By Country; 13.5.2. By Product Grade; 13.5.3. By Source; 13.5.4. By End Use
14. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032: 14.1. Introduction; 14.2. Pricing Analysis; 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 14.4.1. By Country; 14.4.1.1. Brazil; 14.4.1.2. Mexico; 14.4.1.3. Rest of Latin America; 14.4.2. By Product Grade; 14.4.3. By Source; 14.4.4. By End Use; 14.5. Market Attractiveness Analysis; 14.5.1. By Country; 14.5.2. By Product Grade; 14.5.3. By Source; 14.5.4. By End Use
15. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032: 15.1. Introduction; 15.2. Pricing Analysis; 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 15.4.1. By Country; 15.4.1.1. Germany; 15.4.1.2. Italy; 15.4.1.3. France; 15.4.1.4. United Kingdom; 15.4.1.5. Spain; 15.4.1.6. BENELUX; 15.4.1.7. Russia; 15.4.1.8. Rest of Europe; 15.4.2. By Product Grade; 15.4.3. By Source; 15.4.4. By End Use; 15.5. Market Attractiveness Analysis; 15.5.1. By Country; 15.5.2. By Product Grade; 15.5.3. By Source; 15.5.4. By End Use
16. South Asia and Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032: 16.1. Introduction; 16.2. Pricing Analysis; 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 16.4.1. By Country; 16.4.1.1. India; 16.4.1.2. ASEAN; 16.4.1.3. ANZ; 16.4.1.4. Rest of South Asia & Pacific; 16.4.2. By Product Grade; 16.4.3. By Source; 16.4.4. By End Use; 16.5. Market Attractiveness Analysis; 16.5.1. By Country; 16.5.2. By Product Grade; 16.5.3. By Source; 16.5.4. By End Use
17. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032: 17.1. Introduction; 17.2. Pricing Analysis; 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 17.4.1. By Country; 17.4.1.1. China; 17.4.1.2. Japan; 17.4.1.3. South Korea; 17.4.2. By Product Grade; 17.4.3. By Source; 17.4.4. By End Use; 17.5. Market Attractiveness Analysis; 17.5.1. By Country; 17.5.2. By Product Grade; 17.5.3. By Source; 17.5.4. By End Use
18. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032: 18.1. Introduction; 18.2. Pricing Analysis; 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021; 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032; 18.4.1. By Country; 18.4.1.1. GCC Countries; 18.4.1.2. Türkiye; 18.4.1.3. Northern Africa; 18.4.1.4. South Africa; 18.4.1.5. Rest of Middle East and Africa; 18.4.2. By Product Grade; 18.4.3. By Source; 18.4.4. By End Use; 18.5. Market Attractiveness Analysis; 18.5.1. By Country; 18.5.2. By Product Grade; 18.5.3. By Source; 18.5.4. By End Use
19. Country Wise Analysis: 19.1. USA Analysis; 19.1.1. By Product Grade; 19.1.2. By Source; 19.1.3. By End Use; 19.2. Canada Analysis; 19.2.1. By Product Grade; 19.2.2. By Source; 19.2.3. By End Use; 19.3. Mexico Analysis; 19.3.1. By Product Grade; 19.3.2. By Source; 19.3.3. By End Use; 19.4. Brazil Analysis; 19.4.1. By Product Grade; 19.4.2. By Source; 19.4.3. By End Use; 19.5. Germany Analysis; 19.5.1. By Product Grade; 19.5.2. By Source; 19.5.3. By End Use; 19.6. Italy Analysis; 19.6.1. By Product Grade; 19.6.2. By Source; 19.6.3. By End Use; 19.7. France Analysis; 19.7.1. By Product Grade; 19.7.2. By Source; 19.7.3. By End Use; 19.8. United Kingdom Analysis; 19.8.1. By Product Grade; 19.8.2. By Source; 19.8.3. By End Use; 19.9. Spain Analysis; 19.9.1. By Product Grade; 19.9.2. By Source; 19.9.3. By End Use; 19.10. Russia Analysis; 19.10.1. By Product Grade; 19.10.2. By Source; 19.10.3. By End Use; 19.11. China Analysis; 19.11.1. By Product Grade; 19.11.2. By Source; 19.11.3. By End Use; 19.12. Japan Analysis; 19.12.1. By Product Grade; 19.12.2. By Source; 19.12.3. By End Use; 19.13. S. Korea Analysis; 19.13.1. By Product Grade; 19.13.2. By Source; 19.13.3. By End Use; 19.14. India Analysis; 19.14.1. By Product Grade; 19.14.2. By Source; 19.14.3. By End Use; 19.15. ASEAN Analysis; 19.15.1. By Product Grade; 19.15.2. By Source; 19.15.3. By End Use; 19.16. Australia and New Zealand Analysis; 19.16.1. By Product Grade; 19.16.2. By Source; 19.16.3. By End Use; 19.17. Türkiye Analysis; 19.17.1. By Product Grade; 19.17.2. By Source; 19.17.3. By End Use; 19.18. South Africa Analysis; 19.18.1. By Product Grade; 19.18.2. By Source; 19.18.3. By End Use
20. Market Structure Analysis: 20.1. Market Analysis by Tier of Companies (Glycolic Acid); 20.2. Market Share Analysis of Top Players; 20.3. Market Presence Analysis; 20.3.1. By Regional footprint of Players; 20.3.2. Product foot print of Players
21. Competition Analysis: 21.1. Competition Dashboard; 21.2. Competition Benchmarking; 21.3. Competition Deep Dive; 21.3.1. The Chemours Company; 21.3.1.1. Overview; 21.3.1.2. Product Portfolio; 21.3.1.3. Profitability by Market Segments (Product Grade/Source/End Use/Region); 21.3.1.4. Sales Footprint; 21.3.1.5. Strategy Overview; 21.3.2. Zhonglan Industry Co., Ltd.; 21.3.3. Hefei TNJ Chemical Industry Co., Ltd.; 21.3.4. Siddharth Chlorochem Pvt. Ltd.; 21.3.5. Penta International Corporation; 21.3.6. Connect Chemicals; 21.3.7. Charkit Chemical Company LLC; 21.3.8. Beijing LYS Chemicals Co., Ltd.; 21.3.9. Haihang Industry Co., Ltd.; 21.3.10. CrossChem LP; 21.3.11. Spectrum Chemical Manufacturing Corp.
22. Assumptions and Acronyms Used
23. Research Methodology