NEW YORK, Sept. 12, 2023 /PRNewswire/ — The glycolic acid market size is expected to grow by USD 154.05 million from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 7.92% during the forecast period, according to Technavio. Growing demand from the cosmetics industry is notably driving the glycolic acid market. However, factors such as the availability of inexpensive alternative products may impede market growth. The market is segmented by Grade type (cosmetic grade and technical grade), Application (Personal care and cosmetics, Household cleaners, Industrial, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the glycolic acid market including 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. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request Sample Report.
Glycolic Acid Market 2023-2027: Company Analysis
Avid Organics – The company offers glycolic acid such as Aviga T and Aviga HP. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Glycolic Acid Market 2023-2027: Segmentation
- Application
The market share growth by the cosmetic grade segments will be significant during the forecast period. This segment acts as an impermeable substrate for keratin-based cosmetic products thanks to a feature such as the tiny molecular structure of glycol acid that contributes to improving product performance. To maintain a youthful appearance and avoid early signs of aging like dark blotches, wrinkles, or dried skin, young and older people are increasingly turning to products dedicated to preventing the effects of age. Hence, such factors drive the cosmetic grade segment in the glycolic acid market during the forecast period.
Geography
- APAC will contribute 38% to the growth of the global market during the forecast period. The regional market growth can be attributed to factors such as the increase in demand for glycolic acid in different applications. It has seen a significant increase in investment across all main segments, mainly manufacturing and consumer goods. Additionally, the rising demand from personal care and cosmetics, household cleaner and industrial applications, emulsion polymers, and the ink and paint industries are driving the growth of the glycolic acid market in APAC during the forecast period.
- Other regions include North America, Europe, South America, and Middle East and Africa.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View PDF Sample Report
Glycolic Acid Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist glycolic acid market growth during the next five years
- Estimation of the glycolic acid market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the glycolic acid market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of glycolic acid market companies
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Glycolic Acid Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.92% |
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Market growth 2023-2027 |
USD 154.05 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.52 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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Website: www.technavio.com
SOURCE Technavio
