Glycolic Acid is an alpha-hydroxy acid (AHA), which is colorless, odorless, and highly soluble in alcohol. It is also derived from fruit and milk sugars. It is synthesized from ethylene glycol-oxidizing microorganisms. Glycolic acid contains a keratolytic, germinative layer and produces a fibroblast stimulating action. Its chemical formula is C2H4O3.
Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightening and anti-aging products from the youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning. Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.
In North America, the U.S. contributed the largest market share of 53.3% in terms of volume in 2016 and is projected to grow at the highest CAGR of 5.49% followed by Canada during the review period. Europe holds the second largest market share in 2016. In Europe, Germany dominate the regional market and is projected to grow at the highest CAGR followed by France, Spain, and the UK. The Asia Pacific market is expected to grow positively during the forecast period. Emerging economies such as India, China, Japan, and Australia are projected to grow at a significant rate owing to the growing applications in various industries such as personal care and textile dyeing & finishing.
Critical Questions Addressed by the Report
- What are the current trends that are driving the Glycolic Acidmarket?
- Where will all these developments take the industry in the mid- to long-term?
- Who are the top vendors in the Glycolic Acidmarket and what is their competitive analysis?
- How is adoption of Glycolic Acidsolutions among different industries?
- How is the adoption of Glycolic Acidsolutions among different regions?
Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Research Methodology
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The global Glycolic Acid market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019–2025.
This report focuses on Glycolic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall Glycolic Acid market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Glycolic Acid in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Glycolic Acid manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
- Phibro Animal Health Corporation
- The Chemours Company
- Zhonglan Industry
Segment by Regions
- North America
- Southeast Asia
Segment by Type
Segment by Application
- Personal Care
What is the regional structure of the market? Our analysis-
- The Glycolic AcidIndustry report analyzes footprint of every product and its significance, analyzes examines each geographical segment of the market with import, export, consumption, and production in these regions to provide a complete understanding of the Glycolic Acidmarket.
- Basic information with detail to the Glycolic Acidmarket share held by the regions in company with the trade, deal, that every geography explanations for have been given in the report. Our business offerings show the fresh and the trustworthy information derived from relevant data, which helps businesses to give strength and a competitive edge.
In addition to, the Glycolic AcidIndustry report covers analysis of different products available in the global market based on production, volume, revenue, and cost and price structure. The Glycolic AcidMarket report also highlights key strategies that proved to be profitable for the business along with the strategies involved in business expansion, partnership deals, composition, and new product/service launches.”
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