Glycolic Acid Market: Key HighlightsThe global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast periodRising use of skin care and hair care products across the globe is the primary factor projected to drive the global glycolic acid market during the forecast period.
The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes.Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency on hard water scales and leads to low corrosion of household surfacesGlycolic acid is increasingly being used in cleaning and washing of various industrial equipment, due to its solubility and ease of handling.
Thus, it can be employed in dairy and food & beverages industries.
Growth in industrial activities is expected to drive the demand for glycolic acid during the forecast period.Availability of Superior-performance Substitutes to Glycolic Acid Likely to Hamper Global MarketPersonal care products, such as skin care and hair care products are driving the glycolic acid market.
Development of substitutes, with similar or better functional values, is a major factor restraining the glycolic acid market.
A large number of glycolic acid manufacturers operate in the region.
The Glycolic Acid Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Glycolic acid market include The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China).
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Glycolic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/glycolic-acid-market/download-sampleMarket DynamicsRising demand from cosmetic and personal care industry is the major driver of global glycolic acid market.
Growing applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid.
In addition, product properties, such as excellent water solubility and a high degree of acidity, make it an ideal choice for creams and ointments for wrinkle treatment and scar removal.Apart from these household and industrial cleaners are also major consumers of glycolic acid the expansion of which is witnessed in developing regions owing to economic development, rising population, growing per capita income and increasing standards of living thus contributing to the development of the glycolic acid market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
Global Glycolic Acid Market is anticipated to reach USD 415.0 million by 2024.
Additionally, the glycolic acid is water-soluble.
Glycolic acid is found in pineapple, unripe grapes, sugarcane, sugar beets, and cantaloupe.The factors that propel the growth of the Glycolic Acid Market include increasing demand from personal care and cosmetic industry, glycolic acid aids in reducing facial scars, marks, and age associated fine lines.
On the other hand, there are factors that may hamper the growth of the market including growth of substitute products, and inhibitions with respect to hazardous nature of high absorption glycolic acid.
Glycolic Acid industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/glycolic-acid-market/request-sampleGlycolic Acid industry may be explored by grade type, application, and geography.
The key application that could be explored in the Glycolic Acid Market include Household, Personal Care, Industrial, and Others.
Glycolic Acid Market: Key HighlightsThe global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast periodRising use of skin care and hair care products across the globe is the primary factor projected to drive the global glycolic acid market during the forecast period.
Additionally, increase in usage of glycolic acid for industrial and household cleaning purposes, due to rise in awareness about hygiene is anticipated to drive the global glycolic acid market during the forecast period.Key Drivers of Glycolic Acid MarketGlycolic acid products are widely used in industrial cleaning applications in water treatment plants, dairies, concrete trucks, and metal cleaning plants.
Thus, growth of the global industrial cleaning sector is expected to fuel the demand for glycolic acid during the forecast period.Polyglycolic acid is used to manufacture drug delivery devices for small-molecule drugs, proteins, and macromolecules in commercial and research applications.
The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes.Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency on hard water scales and leads to low corrosion of household surfacesGlycolic acid is increasingly being used in cleaning and washing of various industrial equipment, due to its solubility and ease of handling.
Growth in industrial activities is expected to drive the demand for glycolic acid during the forecast period.Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1462Availability of Superior-performance Substitutes to Glycolic Acid Likely to Hamper Global MarketPersonal care products, such as skin care and hair care products are driving the glycolic acid market.
Development of substitutes, with similar or better functional values, is a major factor restraining the glycolic acid market.
Glycolic Acid Market – Market OverviewGlycolic acid is alpha hydroxyl acid (AHA) which is high soluble in aqueous solution and is generally colourless, odourless, and soluble at room temperature.
Glycolic acid is produced naturally through vegetables and fruits such as sugarcane, pineapple and sugar beets among others are gaining high importance in the global glycolic acid market.
Glycolic acid market expected to grow at CAGR of 6.09% owing to increasing use in skin and hair care products coupled with rising development in cosmetic industry.
Further, growing demand of glycolic acid as additive in inks and paints is likely to propel the overall market growth.Also Read: https://sites.google.com/view/market-research-trends/microbial-products-market-development-potential-price-trends-competitive Glycolic acid is used in personal care and cosmetic products such as skin cream, moisturizer, acne face lines and shampoos formulation owing to its exfoliating property and high-water solubility.
In addition, adoption of polyglycolic acid in absorbable medical sutures and PET bottles owing to high biodegradability are anticipated to provide new opportunity for market participants in coming years.
Subsequently, rising awareness about side effects in cosmetics and personal care products along with stringent regulatory trends are hampering the market growth.Also Read: https://www.edocr.com/v/63drdjen/oliviaanderson263/Microbial-Products-Market-Global-Industry-Analysiss segmented according to application as personal care, textile dyeing and finishing, oil field, petroleum refining and others.
The Glycolic Acid Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Glycolic acid market include The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China).
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Glycolic Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/glycolic-acid-market/download-sampleMarket DynamicsRising demand from cosmetic and personal care industry is the major driver of global glycolic acid market.
Growing applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid.
In addition, product properties, such as excellent water solubility and a high degree of acidity, make it an ideal choice for creams and ointments for wrinkle treatment and scar removal.Apart from these household and industrial cleaners are also major consumers of glycolic acid the expansion of which is witnessed in developing regions owing to economic development, rising population, growing per capita income and increasing standards of living thus contributing to the development of the glycolic acid market.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
Glycolic Acid Market: Key HighlightsThe global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast periodRising use of skin care and hair care products across the globe is the primary factor projected to drive the global glycolic acid market during the forecast period.
Additionally, increase in usage of glycolic acid for industrial and household cleaning purposes, due to rise in awareness about hygiene is anticipated to drive the global glycolic acid market during the forecast period.Key Drivers of Glycolic Acid MarketGlycolic acid products are widely used in industrial cleaning applications in water treatment plants, dairies, concrete trucks, and metal cleaning plants.
Thus, growth of the global industrial cleaning sector is expected to fuel the demand for glycolic acid during the forecast period.Polyglycolic acid is used to manufacture drug delivery devices for small-molecule drugs, proteins, and macromolecules in commercial and research applications.
The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes.Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency on hard water scales and leads to low corrosion of household surfacesGlycolic acid is increasingly being used in cleaning and washing of various industrial equipment, due to its solubility and ease of handling.
Growth in industrial activities is expected to drive the demand for glycolic acid during the forecast period.Request a PDF Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1462Availability of Superior-performance Substitutes to Glycolic Acid Likely to Hamper Global MarketPersonal care products, such as skin care and hair care products are driving the glycolic acid market.
Development of substitutes, with similar or better functional values, is a major factor restraining the glycolic acid market.
Glycolic Acid Market: Key HighlightsThe global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast periodRising use of skin care and hair care products across the globe is the primary factor projected to drive the global glycolic acid market during the forecast period.
The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes.Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency on hard water scales and leads to low corrosion of household surfacesGlycolic acid is increasingly being used in cleaning and washing of various industrial equipment, due to its solubility and ease of handling.
Thus, it can be employed in dairy and food & beverages industries.
Growth in industrial activities is expected to drive the demand for glycolic acid during the forecast period.Availability of Superior-performance Substitutes to Glycolic Acid Likely to Hamper Global MarketPersonal care products, such as skin care and hair care products are driving the glycolic acid market.
Development of substitutes, with similar or better functional values, is a major factor restraining the glycolic acid market.
A large number of glycolic acid manufacturers operate in the region.
Global Glycolic Acid Market is anticipated to reach USD 415.0 million by 2024.
Additionally, the glycolic acid is water-soluble.
Glycolic acid is found in pineapple, unripe grapes, sugarcane, sugar beets, and cantaloupe.The factors that propel the growth of the Glycolic Acid Market include increasing demand from personal care and cosmetic industry, glycolic acid aids in reducing facial scars, marks, and age associated fine lines.
On the other hand, there are factors that may hamper the growth of the market including growth of substitute products, and inhibitions with respect to hazardous nature of high absorption glycolic acid.
Glycolic Acid industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/glycolic-acid-market/request-sampleGlycolic Acid industry may be explored by grade type, application, and geography.
The key application that could be explored in the Glycolic Acid Market include Household, Personal Care, Industrial, and Others.
Glycolic Acid Market – Market OverviewGlycolic acid is alpha hydroxyl acid (AHA) which is high soluble in aqueous solution and is generally colourless, odourless, and soluble at room temperature.
Glycolic acid is produced naturally through vegetables and fruits such as sugarcane, pineapple and sugar beets among others are gaining high importance in the global glycolic acid market.
Glycolic acid market expected to grow at CAGR of 6.09% owing to increasing use in skin and hair care products coupled with rising development in cosmetic industry.
Further, growing demand of glycolic acid as additive in inks and paints is likely to propel the overall market growth.Also Read: https://sites.google.com/view/market-research-trends/microbial-products-market-development-potential-price-trends-competitive Glycolic acid is used in personal care and cosmetic products such as skin cream, moisturizer, acne face lines and shampoos formulation owing to its exfoliating property and high-water solubility.
In addition, adoption of polyglycolic acid in absorbable medical sutures and PET bottles owing to high biodegradability are anticipated to provide new opportunity for market participants in coming years.
Subsequently, rising awareness about side effects in cosmetics and personal care products along with stringent regulatory trends are hampering the market growth.Also Read: https://www.edocr.com/v/63drdjen/oliviaanderson263/Microbial-Products-Market-Global-Industry-Analysiss segmented according to application as personal care, textile dyeing and finishing, oil field, petroleum refining and others.