DUBLIN, Nov. 22, 2022 /PRNewswire/ -- The 'global glycolic acid market by grade (cosmetic, technical), application (personal care & dermatology, industrial, household) and region (asia pacific, north america, europe, south america, middle east & africa) - forecast to 2027' report has been added to
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The global Glycolic Acid Market size is estimated at USD 327 million in 2022 and is projected to reach USD 450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027.

Technical Grade is the largest grade segment of the glycolic acid market The technical grade of glycolic acid is a colorless-to-light yellow liquid solution mainly used for manufacturing household, industrial, and electronics cleaners. It is available in a concentration of 70% for applications ranging from automotive oil additives, oil and water well-flow enhancers, and pH control products to chemical intermediates.

It is also considered ideal to be used in emulsion polymers, solvents, and additive applications for ink and paint to improve their gloss structure and flow properties. The technical grade of glycolic acid is also highly used in oil & gas, building & construction, coatings, metal surface treatment, electronics manufacturing, polymer manufacturing, dairy processing, and other applications.

Personal Care & Dermatology is the largest application of the glycolic acid market The personal care & dermatology application segment led the market in terms of both value and volume. Glycolic acid is used in chemical peels, moisturizers, shampoos, and other products. It helps treat and remove dead skin and helps the skin to revitalize and gain its lost moisture, owing to which it is highly preferred in anti-pollution care products nowadays. As the solution is naturally derived, it has no serious side effects, except skin irritation if it is not used with sunscreen creams.

Other glycolic acid derivatives such as polyglycolic acid, ammonium glycolate, and sodium glycolate are often used in cosmetic applications. Cosmetic grade glycolic acid is generally used in a ratio of 2-4% with other moisturizing solutions in cosmetic products. The use of technical grade glycolic acid without purification is strictly not recommended owing to some residues such as iron in the solution.

Asia Pacific is the largest market for glycolic acid market The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Increasing population, improving standards of living, increasing self-care awareness, and rising e-commerce activities have led to increased demand for cosmetic products in this region. China and India are high-growth markets for skincare, haircare, and makeup products, supported by the economic growth of these countries and increased consumer spending on cosmetic products.

Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary

4 Premium Insights 4.1 Asia-Pacific to Show Higher Growth Rate due to Constant Economic Development and Increasing End-Use Applications4.2 Glycolic Acid Market, by Grade4.3 Glycolic Acid Market, by Application4.4 Glycolic Acid Market, by Region and Application

5 Market Overview 5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Growing Demand for Glycolic Acid in Cosmetics Industry5.2.1.2 Increasing Glycolic Acid Consumption in Varied Applications5.2.2 Restraints5.2.2.1 Glycolic Acid-Based Cosmetic Products Cause Skin Problems5.2.3 Opportunities5.2.3.1 Growing Demand for Biodegradable Polymers to Increase Glycolic Acid Consumption5.2.4 Challenges5.2.4.1 Stringent Regulations Regarding Usage of Glycolic Acid

6 Industry Trends 6.1 Porter's Five Forces Analysis6.2 Macroeconomic Indicators6.3 Personal Care Sector Revenue6.4 Supply Chain Analysis6.4.1 Raw Material Manufacturers6.4.1.1 Prominent Companies6.4.1.2 Small & Medium-Sized Enterprises6.4.2 Application Industries6.5 Ecosystem Mapping6.6 Technology Analysis6.7 Case Study Analysis6.8 Pricing Analysis6.9 Trade Analysis6.10 Trends/Disruptions Impacting Customer's Business6.11 Patent Analysis6.12 Key Conferences & Events in 2022-20236.13 Tariff and Regulations: Regulatory Analysis6.13.1 Occupational Safety and Health Administration (Osha) Standards for Cement and Concrete6.13.2 European Union Standards for Glycolic Acid6.13.3 Regulatory Bodies, Government Agencies, and Other Organizations

7 Glycolic Acid Market, by Purity 7.1 Introduction7.2 Glycolic Acid 99%7.2.1 Huge Demand for Glycolic Acid 99% in Medical Application to Boost Market Growth7.3 Glycolic Acid 70%7.3.1 Increasing Use in Dermatology and Industrial Cleaning Applications7.4 Glycolic Acid 30%7.4.1 Demand for Glycolic Acid 30% for Skin Peel Application to Increase7.5 Others7.5.1 Glycolic Acid 60%7.5.2 Glycolic Acid 57%

8 Glycolic Acid Market, by Grade 8.1 Introduction8.2 Cosmetic Grade8.2.1 Demand for Skincare Creams Owing to Adverse Climatic Conditions and Growing Old Age Population Driving Segment8.3 Technical Grade8.3.1 Increasing Consumption of Glycolic Acid in Industrial Cleaning Application is Driving Segment

9 Glycolic Acid Market, by Application 9.1 Introduction9.2 Personal Care & Dermatology9.2.1 Growing Demand for Anti-Aging and Anti-Pollution Products to Drive Market9.3 Industrial9.3.1 Consumption of Glycolic Acid Increasing in Industrial Cleaning Application9.4 Household9.4.1 Demand for Effective and Efficient Household Cleaners with Antimicrobial Properties Driving Market9.5 Others9.5.1 Dyeing & Tanning9.5.2 Adhesive9.5.3 Agriculture9.5.4 Medical9.5.5 Food

10 Glycolic Acid Market, by Region

11 Competitive Landscape 11.1 Introduction11.2 Strategies Adopted by Key Players11.3 Market Share Analysis11.3.1 Ranking of Key Market Players11.3.2 Market Share of Key Players, 202111.3.2.1 The Chemours Company11.3.2.2 Cabb Group GmbH11.3.2.3 China Petrochemical Corporation11.3.2.4 Water Chemical Co., Ltd11.3.2.5 Zhonglan Industry Co., Ltd.11.4 Company Evaluation Quadrant (Tier 1)11.4.1 Star11.4.2 Pervasive11.4.3 Emerging Leaders11.4.4 Participants11.5 Start-Up/Small and Medium-Sized Enterprises (Smes) Evaluation Quadrant11.5.1 Progressive Companies11.5.2 Responsive Companies11.5.3 Starting Blocks11.5.4 Dynamic Companies11.6 Competitive Benchmarking11.7 Competitive Situation and Trends11.7.1 Deals11.7.2 Other Developments

12 Company Profiles 12.1 Major Players12.1.1 The Chemours Company12.1.2 Cabb Group GmbH12.1.3 China Petrochemical Corporation12.1.4 Water Chemical Co., Ltd12.1.5 Zhonglan Industry Co., Ltd.12.1.6 Shandong Xinhua Pharmaceutical Co. Ltd.12.1.7 Phibro Animal Health Corp.12.1.8 Hebei Chengxin Co., Ltd.12.1.9 Hefei Tnj Chemical Industry Co., Ltd.12.1.10 Avid Organics12.2 Startups and Small and Medium-Sized Enterprises (Smes)12.2.1 Jiaxing Jlight Chemicals Co., Ltd.12.2.2 Wuhan Biocar Bio-Pharm Co., Ltd.12.2.3 Xinji City Taida Sinopec Co., Ltd.12.2.4 Crosschem Lp12.2.5 Sancaiindustry12.2.6 Mehul Dye Chem Industries12.2.7 Siddharth Chlorochem12.2.8 Hangzhou Lingrui Chemical Co., Ltd.12.2.9 Cangzhou Goldlion Chemicals Co., Ltd12.2.10 Velocity Chemicals Ltd.12.2.11 Actiza Pharmaceutical Pvt. Ltd.12.2.12 Kureha Corporation12.2.13 Merck KGaA12.2.14 Saanvi Corp12.2.15 Simcoqc

13 Appendix

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