Global Glycolic Acid Market 2024-2028
The glycolic acid market is forecasted to grow by USD 186.6 mn during 2023-2028, accelerating at a CAGR of 8.77% during the forecast period. The report on the glycolic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from cosmetics industry, rising demand from polyglycolic acid industry, and growing demand in oil and refining industries.
Technavio's glycolic acid market is segmented as below:
By Grade Type
- Cosmetic grade
- Technical grade
By Application
- Personal care and cosmetics
- Household cleaners
- Industrial
- Others
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the development of new applications to manufacture shampoo for companion animals using glycolic acid as one of the prime reasons driving the glycolic acid market growth during the next few years. Also, growing demand for blended products and peels and rising demand for biodegradable polymers will lead to sizable demand in the market.
The report on the glycolic acid market covers the following areas:
- Glycolic acid market sizing
- Glycolic acid market forecast
- Glycolic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading glycolic acid market vendors that include Acuro Organics Ltd., Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem Ltd., DuPont de Nemours Inc., Glentham Life Sciences Ltd., Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Jlight Chemicals Co. Ltd., Kumar Industries, Kureha Corp., Mehul Dye Chem Industries, Merck KGaA, Phibro Animal Health Corp., RXChemicals, Saanvi Corp., Shandong Xinhua Pharmaceutical I and E Co. Ltd., The Chemours Co., Water Chemical Co. Ltd., and Zhonglan Industry Co. Ltd.. Also, the glycolic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.