PUBLISHER: Value Market Research | PRODUCT CODE: 1547905
PUBLISHER: Value Market Research | PRODUCT CODE: 1547905
The global demand for Thioglycolates Market is presumed to reach the market size of nearly USD 181.83 Million by 2032 from USD 127.2 Million in 2023 with a CAGR of 4.05% under the study period 2024-2032.
Thioglycolic acid forms salts known as thioglycolates, which have a wide range of applications in cosmetics. As the thioglycolates are formed from thioglycolic acid, they are easily permitted through the skin and hence are used mainly in cosmetics and various hair removal products. They are also used for multiple purposes in the frozen food industry. PVC or polyvinyl chloride is used for a vast number of purposes and thioglycolates play a major role as a stabilizer in the production process of PVC. The major application of thioglycolates is in the hair removal industry.
The coronavirus outbreak has caused a standstill in the otherwise stable market for thioglycolates. The increased disposable income and tendency for higher expenditures has endorsed the growth of the market for thioglycolates. The current market is facing restraints due to the global lockdown measures and reduced investments towards cosmetic products. The only driving factor for the market in the present scenario is the frozen food industry, which utilizes thioglycolates as a major ingredient. Another challenge faced by the market is some regulatory challenges that highlight some serious health hazards of exposure to thioglycolates. The improvement in the global frozen food market is expected to boost the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Thioglycolates. The growth and trends of Thioglycolates industry provide a holistic approach to this study.
This section of the Thioglycolates market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Thioglycolates market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Thioglycolates market include BASF SE, Akzo Nobel N.V., Dow Inc., Merck KGaA, Aarti Industries Limited, Bruno Bock Chemische Fabrik GmbH & Co. KG, Nippon Shokubai Co. Ltd., Nacalai Tesque Inc., Jost Chemical Co., Neostar United Industrial Co. Ltd., BOC Sciences, GFS Chemicals, All-Chemie Ltd., Reaxis Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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