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Global Glycolic Acid Market Assessment – Latest Global Insights on Trends and Challenges

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Daniel K
Global Glycolic Acid Market Assessment – Latest Global Insights on Trends and Challenges

Glycolic acid market is projected to grow from US$288.897 million in 2017 to US$406.394 million in 2023 exhibiting a CAGR of 6.83% during the forecast period. Glycolic acid is a natural occurring substance, derived from plants such as sugarcane, pineapple, and sugar beets, which is very effective for skin treatments. Rising 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. Growing applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid. Geographically, APAC will witness the fastest regional market growth owing to rising manufacturing of cosmetics in the region.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

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Major industry players profiled as part of the report are ChemSolv, BASF, Parchem fine & specialty chemicals, Merck KGaA, and The Chemours Company among others.

The Glycolic Acid market has been analyzed through following segments:

By Grade

· Industrial Grade

· Cosmetic Grade

· Technical Grade

· Medical Grade

By End Use Industry

· Cosmetics and Personal Care

· Household

· Industrial

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Glycolic Acid value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

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Key Points from TOC:

1. Introduction
 2. Research Methodology
 3. Key Findings of the Study
 4. Market Dynamics
 5. Glycolic Acid Market By Grade
 6. Glycolic Acid Market By End Use Industry
 7. Glycolic Acid Market By Geography
 8. Competitive Intelligence
 9. Company Profiles

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