Glycolic Acid Market Analysis and Forecast to 2031: By Grade (Cosmetic Grade, Technical Grade), Application (Personal Care & Dermatology, Industrial, Household, Others), and Region
Glycolic acid is an organic compound with the formula C2H4O3. It is the smallest alpha hydroxy acid (AHA). This colorless, odorless, and hygroscopic crystalline solid is highly soluble in water. It is used in various skin-care products.
Glycolic acid is found in sugar cane, unripe grapes, pineapple, honey, and cane sugar. The amino acid glycine also contains glycolic acid.
Glycolic acid is used in various skin-care products. Because of its small molecular size, glycolic acid penetrates the skin and breaks down the bonds that hold dead skin cells together. This process of exfoliation reveals brighter, smoother skin. Glycolic acid is also used as a chemical peel to improve the skin's appearance by reducing wrinkles, acne scars, and hyperpigmentation.
Key Trends
The cosmetics industry has long been interested in glycolic acid as an active ingredient for skin care products. This is because glycolic acid has the ability to penetrate the skin and break down the bonds between the dead skin cells, making it an effective exfoliant. In addition, glycolic acid has been shown to stimulate collagen production, which can help to reduce the appearance of wrinkles and improve the overall appearance of the skin.
Recently, there has been an increased interest in using glycolic acid in combination with other active ingredients, such as retinoids, to create synergistic effects. For example, one recent study showed that combining glycolic acid with retinol was more effective at reducing the appearance of wrinkles than either ingredient alone.
There has also been a trend toward using higher concentrations of glycolic acid in skin care products. While lower concentrations (5-10%) are often used in over-the-counter products, higher concentrations (20-30%) are now available in prescription products and in-office treatments.
Finally, there is an increasing interest in using glycolic acid to treat specific skin concerns, such as acne, pigmentation, and sun damage. For example, glycolic acid peels are often used to improve the appearance of acne scars, and products containing glycolic acid are often used to treat hyperpigmentation.
Key Drivers
The key drivers of the glycolic acid market include the growing demand for glycolic acid from the cosmetics and personal care industry and the increasing use of glycolic acid in medical applications. Glycolic acid is a natural ingredient found in sugar cane and other fruits. It is a popular ingredient in cosmetics and personal care products because it is a very effective exfoliant. Glycolic acid is also used in medical applications to treat conditions such as acne, psoriasis, and wrinkles. The growing demand for glycolic acid from the cosmetics and personal care industry is the major driver of the glycolic acid market. The increasing use of glycolic acid in medical applications is also a key driver of the market.
Restraints & Challenges
Glycolic acid is an organic compound with the chemical formula C2H4O3. It is the smallest alpha hydroxy acid (AHA). Glycolic acid is found in sugar cane, unripe grapes, pineapple, cantaloupe, and honey. It has a long history of use in the cosmetics industry.
The key restraints in the glycolic acid market are its potential side effects and the need for a prescription from a healthcare professional. Glycolic acid can cause skin irritation, redness, and burning. It can also make the skin more sensitive to the sun. People with sensitive skin or conditions like rosacea or eczema should avoid glycolic acid.
The main challenge in the glycolic acid market is the need for a high level of purity. Glycolic acid is a natural product, but it is often contaminated with impurities that can cause skin irritation. To avoid this, manufacturers must purify the glycolic acid before using it in cosmetics.
Market Segments
By Grade
Cosmetic Grade
Technical Grade
By Application
Personal Care & Dermatology
Industrial
Household
Others
By Region
North America
US
Canada
Mexico
Europe
UK
France
Germany
Spain
Italy
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
Latin America
Middle East
Africa
Key Players
The glycolic acid market report includes players such as Avid Organics (India), CABB Group GmbH (U.K.), ChemPoint (Univar Solutions Inc) (U.S.), CrossChem Limited (U.S.), Phibro Animal Health Corporation (U.S.), Shandong Xinhua Pharma (China), SimSon Pharma Limited (India), The Chemours Company (U.S.), Water Chemical Co., Ltd. (China), and Zhonglan Industry Co.,Ltd. (China).
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- Chapter 1. Glycolic Acid Market Overview
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Limitations
- 1.4. Research Methodologies
- 1.4.1. Secondary Research
- 1.4.2. Market Size Estimation Technique
- 1.4.3. Forecasting
- 1.4.4. Primary Research and Data Validation
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Premium Insights on the Market
- 3.1. Market Attractiveness Analysis, by Region
- 3.2. Market Attractiveness Analysis, by Grade
- 3.3. Market Attractiveness Analysis, by Application
- Chapter 4. Glycolic Acid Market Outlook
- 4.1. Glycolic Acid Market Segmentation
- 4.2. Market Dynamics
- 4.2.1. Market Drivers
- 4.2.1.1. Driver 1
- 4.2.1.2. Driver 2
- 4.2.1.3. Driver 3
- 4.2.2. Market Restraints
- 4.2.2.1. Restraint 1
- 4.2.2.2. Restraint 2
- 4.2.3. Market Opportunities
- 4.2.3.1. Opportunity 1
- 4.2.3.2. Opportunity 2
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Threat of New Entrants
- 4.3.2. Threat of Substitutes
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Bargaining Power of Supplier
- 4.3.5. Competitive Rivalry
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Material Suppliers
- 4.5.2. Manufacturers
- 4.5.3. Wholesalers and/or Retailers
- 4.6. Impact of COVID-19 on the Glycolic Acid Market
- 4.7. Impact of the Russia and Ukraine War on the Glycolic Acid Market
- Chapter 5. Glycolic Acid Market, by Grade
- 5.1. Market Overview
- 5.2. Cosmetic Grade
- 5.2.1. Key Market Trends & Opportunity Analysis
- 5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 5.3. Technical Grade
- 5.3.1. Key Market Trends & Opportunity Analysis
- 5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 6. Glycolic Acid Market, by Application
- 6.1. Market Overview
- 6.2. Personal Care & Dermatology
- 6.2.1. Market Trends & Opportunity Analysis
- 6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.3. Industrial
- 6.3.1. y Market Trends & Opportunity Analysis
- 6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.4. Household
- 6.4.1. Market Trends & Opportunity Analysis
- 6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- 6.5. Others
- 6.5.1. y Market Trends & Opportunity Analysis
- 6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
- Chapter 7. Glycolic Acid Market, by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends And Opportunities
- 7.2.2. North America Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.2.3. North America Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.4. North America Glycolic Acid Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.2.5.2. The U.S. Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.2.6.2. Canada Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.2.7.2. Mexico Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends And Opportunities
- 7.3.2. Europe Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.3. Europe Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.4. Europe Glycolic Acid Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.3.4.1. Germany
- 7.3.4.2. Germany Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.4.3. Germany Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.5. France
- 7.3.5.1. France Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.5.2. France Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.6. U.K
- 7.3.6.1. U.K. Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.6.2. U.K. Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.7. Spain
- 7.3.7.1. Spain Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.7.2. Spain Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.8. Italy
- 7.3.8.1. Italy Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.8.2. Italy Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.9. Russia
- 7.3.9.1. Russia Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.9.2. Russia Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.3.10.2. Rest of Europe Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends And Opportunities
- 7.4.2. Asia-Pacific Glycolic Acid Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.4.3. Asia-Pacific Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.4. Asia-Pacific Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.5. China
- 7.4.5.1. China Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.5.2. China Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.6. India
- 7.4.6.1. India Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.6.2. India Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.7.2. Japan Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.8.2. South Korea Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.4.9.2. Rest of APAC Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5. Rest of The World
- 7.5.1. Key Market Trends And Opportunities
- 7.5.2. Rest of The World Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.5.3. Rest of The World Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.4. Rest of The World Glycolic Acid Market Size and Forecast by Country, 2021-2031, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.5.5.2. Latin America Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.5.6.2. Middle East Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Glycolic Acid Market Size and Forecast by Grade, 2021-2031, ($Million)
- 7.5.7.2. Africa Glycolic Acid Market Size and Forecast by Application, 2021-2031, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Developmental Strategy Benchmarking
- 8.3.1. New Product Development
- 8.3.2. Product Launches
- 8.3.3. Business Expansions
- 8.3.4. Partnerships, Joint Ventures, And Collaborations
- 8.3.5. Mergers And Acquisitions
- Chapter 9. Company Profiles
- 9.1. The Chemours Company (U.S.)
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. CABB Group GmbH (U.K.)
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Water Chemical Co., Ltd. (China)
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Zhonglan Industry Co.,Ltd. (China)
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Shandong Xinhua Pharma (China)
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. ChemPoint (Univar Solutions Inc) (U.S.)
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. Phibro Animal Health Corporation (U.S.)
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Avid Organics (India)
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. SimSon Pharma Limited (India)
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. CrossChem Limited (U.S.)
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The List of Company Is Subject To Change During The Final Compilation of The Report
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