Glycolic Acid Market Revenue To Accrue USD 913 Mn By 2028

As per study of Zion Market Research, Glycolic Acid industry garnered revenue worth nearly US$ 501 million in 2021 and is anticipated to gain returns about US$ 913 million by 2028. Additionally, Glycolic Acid market is prognosis to record CAGR of almost 7.5% in 2022-2028. Additionally, growth of glycolic acid market over forecast timespan can be credited to rise in demand for household cleaning activities. In addition to this, beneficial product features such as outstanding water solubility and huge acidity will proliferate size of glycolic acid industry. Apart from this, surge in utility of the compounds in emulsion polymers as well as additive for paints & inks will propel expansion of glycolic acid business over upcoming years. Increase in manufacture of formaldehyde and technological breakthroughs will optimize popularity & use of glycolic acid in various sectors. Nonetheless, rise in level of awareness pertaining to adverse effects of product such as skin allergies can put brakes on expansion of glycolic acid.

Personal Care Segment To Contribute Lucratively Towards Market Share By 2028

Growth of personal care segment over forecast timeframe is subject to rise in glycolic acid demand in personal care sector. In addition to this, glycolic acid products are utilized for scalp treatment and nourishing of hair. Rise in spending on personal care & cosmetic products will contribute substantially towards product demand.

North America To Contribute Significantly Towards Market Share Over 2022-2028

Expansion of glycolic acid industry in region over forecast period is subject to humungous demand for glycolic acid in countries such as the U.S. and Canada. In addition to this, flourishing pharmaceutical industry will account majorly towards regional market share in coming six years. Innovations in healthcare sector will increase result in huge manufacture of high quality medical equipment including stents, absorbable staples, meshes, and screws. This has enlarged scope of glycolic acid market growth in sub-continent.

Some of the giant players have strongly leveraged market size and will continue to do so even in foreseeable future. They are China Petrochemical Corporation, Water Chemical Co., Ltd, Phibro Animal Health Corporation, Avid Organics, Chemours Company, Hebei Chengxin Co., Ltd., Xinhua Pharm, CABB Group, Zhonglan Industry Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd.

Browse the full “Glycolic Acid Market- By Grade (Cosmetic Grade And Technical Grade) And By Application (Personal Care & Dermatology, Household, And Industrial): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/glycolic-acid-market

The global Glycolic Acid Market is segmented as follows:

By Grade

• Cosmetic Grade
• Technical Grade

By Application

• Personal Care & Dermatology
• Industrial
• Household

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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