PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1629142
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1629142
Glycolic Acid Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
The global glycolic acid market is projected to grow from $406.9 million in 2024 to $604.4 million by 2030, registering a compound annual growth rate (CAGR) of 6.8%. This growth is driven by the increasing use of glycolic acid in personal care and cosmetic products due to its superior exfoliating properties and ability to improve skin texture. Additionally, its expanding application in industrial cleaning agents and the textile industry is contributing to market growth.
Key Insights
The personal care and cosmetics sector is expected to dominate the glycolic acid market, driven by the growing demand for anti-aging and skin rejuvenation products.
Glycolic acid is increasingly used in industrial cleaning applications, such as concrete removers and dairy farm tank cleaners, due to its efficacy as a cleaning agent.
In the textile industry, glycolic acid enhances fabric quality and dye penetration, making it a valuable component in dyeing and tanning processes.
The Asia-Pacific region is anticipated to lead the market, accounting for 45% of the share in 2024, driven by the rising demand for cosmetic products and the focus on expanding glycolic acid-based product portfolios in the region.
The development of high-purity glycolic acid grades, such as 99%, is catering to specific industrial needs, enhancing product efficacy and broadening application areas.
Glycolic acid's biodegradable nature and safety make it a preferred choice in formulations where environmental impact and safety are crucial considerations.
The market is witnessing advancements in production processes to improve quality and meet the growing demand from diverse industries.
Increasing consumer awareness about the benefits of glycolic acid in skincare is driving the development of innovative personal care formulations.
Growth in infrastructure development and industrial activities is supporting the demand for glycolic acid in cleaning and maintenance applications.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by application
- 1.4.2. Market size breakdown, by grade
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Application (2019-2030)
- 6.3. Market Revenue, by Grade (2019-2030)
- 6.4. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Application (2019-2030)
- 7.3. Market Revenue, by Grade (2019-2030)
- 7.4. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Application (2019-2030)
- 8.3. Market Revenue, by Grade (2019-2030)
- 8.4. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Application (2019-2030)
- 9.3. Market Revenue, by Grade (2019-2030)
- 9.4. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Application (2019-2030)
- 10.3. Market Revenue, by Grade (2019-2030)
- 10.4. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Application (2019-2030)
- 11.3. Market Revenue, by Grade (2019-2030)
- 11.4. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Application (2019-2030)
- 12.3. Market Revenue, by Grade (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Application (2019-2030)
- 13.3. Market Revenue, by Grade (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Application (2019-2030)
- 14.3. Market Revenue, by Grade (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Application (2019-2030)
- 15.3. Market Revenue, by Grade (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Application (2019-2030)
- 16.3. Market Revenue, by Grade (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Application (2019-2030)
- 17.3. Market Revenue, by Grade (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Application (2019-2030)
- 18.3. Market Revenue, by Grade (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Application (2019-2030)
- 19.3. Market Revenue, by Grade (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Application (2019-2030)
- 20.3. Market Revenue, by Grade (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Application (2019-2030)
- 21.3. Market Revenue, by Grade (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Application (2019-2030)
- 22.3. Market Revenue, by Grade (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Application (2019-2030)
- 23.3. Market Revenue, by Grade (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Application (2019-2030)
- 24.3. Market Revenue, by Grade (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Application (2019-2030)
- 25.3. Market Revenue, by Grade (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Application (2019-2030)
- 26.3. Market Revenue, by Grade (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Application (2019-2030)
- 27.3. Market Revenue, by Grade (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Application (2019-2030)
- 28.3. Market Revenue, by Grade (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. PureTech Scientific LLC
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. China Petrochemical Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. CABB Group GmbH
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Zhonglan Industry Co.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Water Chemical Co. Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. CrossChem LP
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Avid Organics Pvt. Ltd.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Hefei TNJ Chemical Industry Co. Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Shandong Xinhua Pharmaceutical Co. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Saanvi Group
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Zhonglan Industry Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. Hebei Chengxin Co. Ltd.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
