Global Glycolic Acid Size, Share & Trends Analysis Report By Grade (Technical Grade and Cosmetic Grade), By Application (Personal Care & Dermatology, Industrial, Household and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Glycolic Acid Size, Share & Trends Analysis Report By Grade (Technical Grade and Cosmetic Grade), By Application (Personal Care & Dermatology, Industrial, Household and Others), By Regional Outlook and Forecast, 2023 - 2030

The Global Glycolic Acid Market size is expected to reach $531 million by 2030, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 84,391.4 tonnes, experiencing a growth of 6.0% (2019-2022).

The North American skincare and cosmetics industry has witnessed a surge in demand for glycolic acid products. Therefore, the North America region acquired $94,682.1 revenue in 2022. The cosmetics industry in Canada may offer a range of glycolic acid-based peeling products, providing consumers with options for achieving smoother and more rejuvenated skin.

Sustainable glycolic acid production methods typically reduce environmental footprint, including lower greenhouse gas emissions and energy consumption. Thus, because of the global demand for sustainable solutions, the market is anticipated to increase significantly.

Additionally, Wastewater treatment often requires precise pH control for optimal performance. Glycolic acid is an effective pH adjuster, stabilizing and maintaining the desired pH levels in wastewater treatment processes. Hence, increasing wastewater treatment has been a pivotal factor in driving the growth of the market.

However, Glycolic acid is produced using particular raw materials. Shortages and adverse effects on the overall production capacity of glycolic acid may result from disruptions in the supply of these basic materials, which natural disasters, geopolitical events, or other determinants may cause. Thus, lack of supply chain disruptions can slow down the growth of the market.

By Grade Analysis

By grade, the market is categorized into cosmetic grade, and technical grade. The cosmetic grade segment covered 43% revenue share in the market in 2022. Cosmetic grade glycolic acid is widely used in exfoliating products such as cleansers, toners, and peels. These formulations are designed to hydrate the skin while delivering glycolic acid’s exfoliating and renewing effects.

By Application Analysis

Based on application, the market is classified into personal care & dermatology, industrial, household, and others. In 2022, the personal care & dermatology segment witnessed 53% revenue share in the market. Consumers can choose from various products, including cleansers, toners, serums, and masks, each containing glycolic acid at varying concentrations based on their skin needs.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating 37.4% revenue share. The expansion of e-commerce platforms in the Asia Pacific region has facilitated the accessibility of skincare products, including those containing glycolic acid.

List of Key Companies Profiled

• The Chemours Company
• China Petrochemical Corporation (Sinopec Group)
• Merck KGaA
• Shandong Xinhua Pharmaceuticals Co., Ltd.
• Hefei TNJ Chemical Industry Co., Ltd.
• Siddharth Chlorochem Pvt. Ltd.
• Avid Organics Pvt. Ltd.
• Hebei Chengxin Co., Ltd.
• Sancai Industry Co., Ltd
• Phibro Animal Health Corporation

Global Glycolic Acid Market Report Segmentation

By Grade (Volume, Tonnes, USD Million, 2019-2030)

• Technical Grade
• Cosmetic Grade

By Application (Volume, Tonnes, USD Million, 2019-2030)

• Personal Care & Dermatology
• Industrial
• Household
• Others

By Geography (Volume, Tonnes, USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA