Glycolic Acid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Glycolic acid is a type of alpha -hydroxy acid (AHA). It is derived primarily from sugar crops such as sugar beets, sugar cane, canteloupe, un-ripe grapes, and pineapples. Glycolic acid finds uses as a chemical intermediate in a wide range of reactions including esterification, oxidation-reduction, and long chain polymerization. It is also used as monomer is the synthesis of polyglycolic acid and various other biocompatible copolymers. Glycolic acid is used in the formulation of emulsion polymers, solvents and additives used in inks and paints. Glycolic acid improves the flow properties and impart gloss to inks, paints, and coatings.

MARKET DYNAMICS

The global glycolic acid market is growing at a significant pace owing to driving factors such as increasing demand for glycolic acids from a number of end-use industries such as textile, leather, oil and gas, food processing, household, pharmaceutical, cosmetic, inks, paints, and coatings industry. The personal care and dermatology industry is one of the major consumers of glycolic acids. Glycolic acid is used in formulating exfoliation products, skin-peeling products, men's care products, and anti-ageing creams. Growing conciousness about one's appearance and grooming has fostered the growth of personal care and cosmetic products and subsequently spurred the growth of the cosmetic grade glycolic acids. Topical lotions and other cosmetic products containg glycolic acid are known to increase the sensitivity of skin to sunlight and UV rays and may cause sunburn. The Center for Food Safety and Applied Nutrition (CFSAN) has issued a guidelines for the cosmetic industry to label cosmetic products containing glycolic acid with a sunburn alert. The negative effect of glycolic acids in enhancing the sensitivity of the skin to UV light is anticipated to restrain the growth of the cosmetic grade glycolic acid to some extent.

MARKET SCOPE

The "Global Glycolic Acid Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glycolic acid market with detailed market segmentation by purity, grade, application, and geography. The global glycolic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading glycolic acid market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global glycolic acid market is segmented on the basis of purity, grade, and application. On the basis of purity, the glycolic acid market is segmented into, glycolic acid 99%, glycolic acid 70%, glycolic acid 30%, and others. On the basis of grade, the market is bifurcated into, cosmetic grade and technical grade. Based on application, the global glycolic acid market is segmented into, personal care & dermatology, industrial, household, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global glycolic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The glycolic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the glycolic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glycolic acid market in these regions.

MARKET PLAYERS

The reports cover key developments in the glycolic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glycolic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for glycolic acid in the global market. Below mentioned is the list of few companies engaged in the glycolic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glycolic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Avid Organics
•  CABB Group GmbH
•  CrossChem LP
•  Hefei TNJ Chemical Industry Co., Ltd.
•  Jiaxing Jlight Chemicals Co., Ltd.
•  Shandong Xinhua Pharma.
•  The Chemours Company
•  Velocity Chemicals Ltd.
•  Water Chemical Co., Ltd
•  Zhonglan Industry Co.,Ltd.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Glycolic Acid Report Scope