Glycolic Acid Market 2019 Latest Global Insights on Trends and Challenges 2023

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Glycolic Acid Market Research Report - Forecast
to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Glycolic Acid Market Research Report- Forecast to
2023
Glycolic Acid Market - Overview
Glycolic Acid is Alpha Hydroxyl Acid (AHA) which
is high soluble in aqueous solution and is
generally colourless, odourless, and soluble at
room temperature. Glycolic Acid is synthesized
naturally as well as through chemical reaction.
Glycolic acid is produced naturally through
vegetables and fruits such as sugarcane,
pineapple and sugar beets among others are
gaining high importance in the Global Glycolic
Acid Market. Glycolic Acid Market expected to
grow at CAGR of 6.09 owing to increasing use in
skin and hair care products coupled with rising
development in cosmetic industry. Further,
growing demand of Glycolic Acid as additive in
inks and paints is likely to propel the overall
market growth. Glycolic Acid is used in personal
care and cosmetic products such as skin cream,
moisturizer, acne face lines and shampoos
formulation owing to its exfoliating property and
high-water solubility. Glycolic acid market is
expected to reach USD 375.5 million by the end of
2023. Growing demand of acne products among aging
population for reducing face lines, scars and
marks are further anticipated to drive the market
growth. Commercially, Glycolic Acid is prepared
through synthesis of formaldehyde in presence of
catalyst. This method is widely adopted by
various manufacturer owing to cost effective and
advance technology. Thus, rising expenditure on
innovative and development in production process
for increasing scope of application is likely to
boost the Global Glycolic Acid Market. Glycolic
acid is used in formulation of polyglycolic acid
which is further used in extraction of shale gas.
In addition, adoption of polyglycolic acid in
absorbable medical sutures and PET bottles owing
to high biodegradability are anticipated to
provide new opportunity for market participants
in coming years. Subsequently, rising awareness
about side effects in cosmetics and personal care
products along with stringent regulatory trends
are hampering the market growth.
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Glycolic Acid Market Research Report- Forecast to
2023
Segmental Analysis
The Global Glycolic Acid Market is segmented
according to application as Personal Care,
Textile Dyeing and Finishing, Oil Field,
Petroleum Refining and others. Personal Care
Application is dominating with 28 of market
share in Global Glycolic Acid Market. This is
attributed to increasing demand of skin care and
hair treatment among youth population coupled
with rising awareness about healthy skin is
likely to further boost the overall market
growth. The Textile Dyeing and Finishing
Segment account for second largest market share
owing to high compatibility of product with
surfactants, dyes and biocidal agents is expected
to drive the market growth over the forecast
period. Get Complete Report _at_ https//www.marketr
esearchfuture.com/reports/glycolic-acid-market-314
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Glycolic Acid Market Research Report- Forecast to
2023
Regional Outlook
The Global Glycolic Acid is divided into five
regions including North America, Europe, Asia
Pacific, Latin America and Middle East Africa.
North America accounts for highest market share
in terms of value and volume. U.S. is leading
country and projected to grow at CAGR of 5.49
during forecast period. Increasing number of
middle aged women using anti-ageing products such
as anti-wrinkle and acne removal scar is likely
to propel the growth. Europe is second largest
market and will continue its dominance in coming
years. Rising number of cosmetic and personal
care manufacturer especially in France, UK and
Italy are anticipated to drive the market growth.
Further, stringent regulations related to
consumption of Glycolic Acid in household
products as well as personal care is expected to
drive the market growth. Asia Pacific exhibits
significant growth over the forecast period.
China and India are leading countries owing to
rapid urbanization and changing lifestyle of
consumer coupled with low manufacturing cost
driving manufacturer to shift the production base
in order to increase market share.
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Glycolic Acid Market Research Report- Forecast to
2023
Major Players in this Research

• Glycolic Acid Market Prominent Players
• The Chemours Company
• Phibro chem
• CrossChem LP
• CABB Group
• Sigma-Aldrich Corporation
• Zhonglan Industry Co
• Mehul Dye Chem Industries

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