Glycolic Acid Market worth $395 million by 2024

(IT-NEWSWIRE.COM, December 03, 2020 ) The report "Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (APAC, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2024" The glycolic acid market size is projected to grow from USD 280 million in 2019 to USD 395 million by 2024, at a CAGR of 7.2% during the forecast period. The increasing demand for cosmetic products, such as skincare creams, facial cleansers, gels, scrubs, and others to treat skin problems related to anti-aging and antipollution are expected to drive the glycolic acid market during the forecast period. Furthermore, the rapid growth of other end-user industries including industrial & household cleaning, medical sutures, biodegradable polymers, textile dyeing, and leather tanning will escalate the demand for glycolic acid, thus driving the market growth.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1090

Cosmetic grade is estimated to dominate the overall glycolic acid market.

Cosmetic was the largest grade of the glycolic acid market in 2018. The huge preference of cosmetic grade glycolic acid owing to its natural occurring, low toxicity, effective skin penetration, and ability to stimulates cellular activity are the major factors to drive its demand. Further, it also helps in hydration of epidermis and allows it to become smoother, softer and radiant, thus escalating its demand in most of the cosmetic and personal care product which in turn is boosting its market demand.

Personal care & Dermatology is projected to be the fastest-growing application of glycolic acid during the forecast period.

Personal care & Dermatology is projected to be the fastest-growing application of glycolic acid during the forecast period. Glycolic acid is a naturally occurring organic acid also known as Alpha Hydroxy Acids, or AHAs is majorly used in the personal care & dermatology application to treat scarring, skin discoloration and signs of aging, like fine lines and wrinkles. Keeping in mind the changing environmental conditions and growth pollution rate, these skin problems are further expected to escalate, thus driving the demand for effective and efficient cosmetic and dermatology products which in turn will drive the glycolic acid demand.

Don't miss out on business opportunities in Glycolic Acid Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1090

Browse in-depth TOC on "Glycolic Acid Market”
119 - Market Data Tables
30 - Figures
121 - Pages

APAC is estimated to be the largest glycolic acid market during the forecast period.

APAC is projected to be the largest glycolic acid market during the forecast period. The boosting cosmetics industry of the region owing to the increasing population, improving standards of living, and rising e-commerce activities are expected to drive the glycolic acid demand. Further, the anticipated increase in the industrial application with the growth of the region’s economy will escalate the demand for glycolic acid in industrial cleaning application. The presence of major glycolic acid manufacturers such as Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), and Hebei Chengxin Co., Ltd. (China) is also expected to drive the glycolic acid market in the region.

The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China) are the major players in the glycolic acid market.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=1090

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Glycolic Acid Market worth $395 million by 2024