Glycolic Acid Market Market is expected to undergo a CAGR of 9.80% during the forecast period 2022 to 2029.

Market Analysis and Insights Glycolic Acid Market Market

Glycolic acid (C2H4O3) is a colorless, odorless, soluble in water, non-volatile, and less flammable chemical that is derived from plants. Glycolic acid (C2H4O3) is derived and extracted from grapes, sugar beets, and pineapple. Therefore, glycolic acid offers numerous beneficial applications which results in its utilization by numerous end user industries.

Rise in demand for glycolic acid by pharmaceutical industry in the manufacturing of skincare products is the root cause for fuelling up the market growth rate. Rising demand for glycolic acid in the manufacturing of industrial and household products, increasing focus on physical appearances, and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market.

Glycolic Acid Market Market Scope and Market Size

The glycolic acid market is segmented on the basis of source, purity level, grade and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

·       On the basis of source, the glycolic acid market is segmented into synthetic and natural.

·       On the basis of purity level, the glycolic acid market is segmented into 99% purity, 70% purity, 60% purity, 30% purity and others.

·       On the basis of grade, the glycolic acid market is segmented into technical grade, pharmaceutical grade, and industrial grade.

·      On the basis of application, the glycolic acid market is segmented into personal care and dermatology, industrial, household, tanning and dyeing, agriculture, adhesive, medical and food.

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Glycolic Acid Market Market Country Level Analysis

Asia-Pacific region dominates the glycolic acid market owing to the rising demand for glycolic acid by the personal care and cosmetic industry in the region, growing demand from various end-use industries, increase in the research and development activities, surging improvement in standard of living, investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, rapid growth in the demand as a dying and tanning agent in the leather industry, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.

Competitive Landscape and Glycolic Acid Market Market Share Analysis

The Glycolic Acid Market Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Glycolic Acid Market Market.

Key Players Glycolic Acid Market Market

  • Merck KGaA
  • The Chemours Company
  • CABB GmbH
  • China Petrochemical Corporation
  • Water Chemical Co. Ltd
  • Zhonglan Industry Co.Ltd.
  • Shandong Xinhua Pharma
  • Phibro Animal Health Corporation
  • HeBei ChengXin
  • Hefei TNJ Chemical Industry Co.Ltd.

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MAJOR TOC OF THE REPORT

  • Chapter One: Introduction
  • Chapter Two: Market Segmentation
  • Chapter Three: Market Overview
  • Chapter Four: Executive Summary
  • Chapter Five: Premium Insights
  • Chapter Six: Global Glycolic Acid Market Market by Product & Procedure type

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