Glycolic Acid Market Size, Share, Trends, Growth and Forecast 2028

Glycolic Acid Market Size And Industry Analysis

The global Glycolic Acid Market accrued earnings worth approximately 501 (USD Million) in 2021 and is predicted to gain revenue of about 913 (USD Million) by 2028, is set to record a CAGR of nearly 7.5% over the period from 2022 to 2028. The report offers assessment and analysis of the Glycolic Acid Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million).

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Glycolic Acid Market: Overview

Glycolic acid belongs to alpha hydroxyl acids compounds that are largely found in fruits such as unripe grapes, sugarcane, and pineapple. The product has tiny molecules in group and facilitates quick & easy human skin penetration. It finds massive applications in cosmetic formulations and skin therapy. Furthermore, the compound is utilized in producing poly glycolic acid and in absorbable sutures used in medical applications.

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Glycolic Acid Market: Growth Drivers

Expansion of glycolic acid over forecasting timeline is owing to humungous demand for compound across textile, cosmetic, and pharmaceutical sectors. In addition to this, product offers large number of benefits including dry skin hydrate, reduction in wrinkles & fine lines, smoothening & brightening of skin complexion, acne reduction, and fading hyperpigmentation. This has facilitated product penetration in personal care sector. Furthermore, large-scale use of compound in dandruff treatment as well as hair conditioning activities will spearhead growth of glycolic acid industry in ensuing years. Nevertheless, easy access to substitute products such as salicylic acid will pose threat to growth of glycolic acid market.

In addition to this, rise in demand for glycolic acid in bathroom products & kitchen cleaners will augment size of glycolic acid market. Industry players are unraveling new growth avenues in tissue engineering biomaterials and this will contribute notably towards market proceeds. Thriving healthcare industry and need of orthopedic screws & prostheses will result in steep increment in growth of glycolic acid industry.

Report Scope:

Glycolic Acid Market: Regional Insights

Asia Pacific Glycolic Acid Market To Ascend To Scaling Heights In Next Six Years

Growth of regional market in upcoming years can be ascribed to rise in utilization of compound in pharmaceuticals, food & beverages, and textile industries in countries such as India, Bangladesh, China, and Indonesia. Apart from this, rise in product demand & its procurement in beauty & personal care products will steer regional market expansion. Massive product usage in cleansing industrial equipment owing to its less toxicity & mild odor as well as solubility in various solvents will bolster market trends in siub-continent.

Competitive Outlook 

• Phibro Animal Health Corporation
• Chemours Company
• Hebei Chengxin Co.
• China Petrochemical Corporation
• CABB Group
• Zhonglan Industry Co.
• Water Chemical Co.
• Xinhua Pharm
• Avid Organics
• Hefei TNJ Chemical Industry Co.

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