Glycolic Acid Market
The global Glycolic Acid Market is forecast to reach USD 853.41 Million by 2027, according to a new report by Reports and Data. The continuous growth of the makeup sector would contribute to a business upswing. Glycolic acid is used mainly in the manufacture of different skincare items, such as creams, face masks, and peels, which would cause this demand to expand. Increasing market perception, coupled with a rise in disposable per capita income with improving quality of life, mainly in India and China, are the main driving factors for growth in the industry. Since the advent of e-commerce, online companies, the proliferation of social networks, and customer demand in fresh, luxury, and various goods have emerged as a critical driver for the overall market growth. Increasing online buying demand for cosmetic products has allowed most manufacturers or suppliers to build up an extensive distribution network that, in effect, will stimulate hydroacoustic acid market development. Cosmetic items include serum for skin and anti-aging, lipsticks, mascara, sprays for hair care, moisturizers, cleansers, soap, scent, body wash, among many. About 95% of such items use hydroxyacetic acid as a raw material because it has benefits for the skin such as reduction of black circles, uneven pigmentation, widening of pores, dead skin, and enhancement of overall safety. Glycolic acid demand is also gaining popularity in other applications such as food preservatives, textiles, home appliances, automobiles, oil & gas, and pharmaceutical products.
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The global Glycolic Acid Market research report published by Reports and Data offers a comprehensive study of the overall industry to help customers and investors understand the market dynamics and formulate strategic investment plans. The report provides an extensive assessment of the key organizations operating in the materials and chemicals industry to offer better insights into competition scenario and market size on a global and regional level. Growing competition in the global market has led to increasing innovation and technological advancement in the sector to meet the rising demand of environmentally conscious consumers. The report offers crucial and accurate data obtained through extensive primary and secondary research. The report also analyzes the manufacturing and consumption of products to give an accurate forecast estimation of the global Glycolic Acid market.
The Materials and Chemicals sector encompasses a wide range of commodity-related manufacturing industries. Included in this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products, and metals, minerals and mining companies, including producers of steel. Materials and chemicals are used across various end-use industries such as medical & pharmaceutical, food technology, manufacturing, among others. Increasing consumer awareness regarding energy-efficiency and growing need to reduce carbon emissions have prompted industry layers to produce goods in a manner that it has least impact on the environment.
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Ongoing research and development activities to expand the application scope of materials and chemicals is a key driving factor for the industry growth. New product launches, technological advancements, rising demand for range of perfumes and soaps for daily use, and increasing automation in the industry have positively impacted industry expansion. The market growth is also driven by rising level of disposable income, preference shift, and recent collaborations in the market. Strong product demand across the packaging industry, food & beverage industry, oil & gas industry, personal care industry and increasing consumer inclination towards advanced sustainable products will foster the global market size in the coming years.
Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Rising investments by the key industry players for the R&D activities will further bolster market growth over the analysis period.
The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Glycolic Acid market.
Key companies profiled in the report: Shandong Xinhua Pharmaceutical Co. Ltd., Zhonglan Industry Co. Ltd., Parchem Fine & Specialty Chemicals, China Petroleum & Chemical Corporation, Water Chemical Co. Ltd., Mehul Dye Chem Industries, Eastman Chemical Company, CABB GmbH, Avid Organics, and Saanvi Corporation, among others.
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Regions covered by the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Purity Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Glycolic Acid 99%
Glycolic Acid 70%
Glycolic Acid 30%
Grade Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
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