Scope of the Study
Glycolic acid is an alpha-hydroxy acid that is derived from a variety of microorganisms from ethylene glycol by oxidation as well as from glycolonitrile by hydrolyzation. It is used in various applications such as skin care, organic synthesis, agriculture, and others. The demand for glycolic acid has increased due to the rising demand for personal care products. For instance, in July 2016, according to an article published by India Brand Equity Foundation, India's beauty, cosmetic and grooming market will reach USD 20 billion by 2025. Hence, rising demand for personal & cosmetic products and rising disposal income among middle-class families will further accelerate the market growth.
The market study is being classified, by Application (Skincare, Organic synthesis, Agriculture, Laboratory and Others) and major geographies with country level break-up.
The Chemours Company (United States), DuPont (United States), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (United States), Avid Organics (India), Hebei Chengxin Co., Ltd. (China) and Hefei TNJ Chemical Industry Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Parchem Trading Ltd. (United States), CrossChem LP (United States), Griffin International (United States) and Chemsolv, Inc. (United States).
Research Analyst at AMA predicts that United States and China Vendors will contribute to the maximum growth of Global Glycolic Acid market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Glycolic Acid market by Type, Application and Region.
On the basis of geography, the market of Glycolic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Glycolic Acid in the Cosmetic Industry
- Rising Demand for Anti-Aging as well as Anti-Pollution Products
- Technology Advancement regarding Glycolic Acid Products
- Stringent Regulations Concerning the Usage of Glycolic Acid
- Growing Demand from Emerging Economics such as China, India, among others
- Increasing Demand for Effective as well as Efficient Household Cleaner
- High Prices of some Glycolic Acid Products
Market Leaders and their expansionary development strategies
In October 2018, the CABB Group (Germany) Company has invested a double-digit million euros to expand the production of monochloroacetic acid. Hence, this investment will affect the growth of glycolic acid market in future.
In 2018, The Chemours Company (United States) has launched the glycolic acid product by the brand name Glypure. In addition, it is used explicitly in the production of biodegradable polymers. Hence, this launched will increase the product portfolio of the company.
Key Target AudienceGlycolic Acid Companies, Research and Development Companies, Government Regulatory Authorities, Product Sales and Distribution Companies, Market Research and Consulting Firms and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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