Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 501 Million | USD 913 Million | 7.5% | 2020 |
FrequentlyAsked Questions
Expansion of Glycolic Acid Market size over forecast timespan can be humungous demand for compound across textile, cosmetic, and pharmaceutical sectors.
According to Zion market research report, The global Glycolic Acid Market size 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.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in utilization of compound in pharmaceuticals, food & beverages, and textile industries in countries such as India, Bangladesh, China, and Indonesia.
The key market participants include Phibro Animal Health Corporation, Chemours Company, Hebei Chengxin Co., Ltd., China Petrochemical Corporation, CABB Group, Zhonglan Industry Co., Ltd., Water Chemical Co., Ltd, Xinhua Pharm, Avid Organics, and Hefei TNJ Chemical Industry Co., Ltd.
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