Press release
Global Alpha Hydroxy Acid Market to hit $3bn by 2024 | Nestlé Skin Health, DuPont, The Dow Chemical Company, TCI - Tokyo Chemical Industry, Parchem – fine & specialty chemicals
Alpha Hydroxy Acid Market
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Significant product benefits including efficient exfoliation, removal of blackhead & blocked pores and skin lightening are the key driving factors of industry growth. Increased potency and efficiency due to technological advancements and innovations will open new avenues for product demand. However, increased photosensitivity of skin due to removal of dead skin or upper layers of skin is the major restraining factor of business growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. The Dow Chemical Company
2. DuPont
3. Parchem – fine & specialty chemicals
4. TCI - Tokyo Chemical Industry
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Lactic acid accounted for over 59% of the overall industry share in 2016. Abundant raw material availability coupled with advancement in extraction process will propel product scope. High stimulation of collagen growth coupled with penetration in deeper skin levels, leading to reduction in sagging and increased skin tightening are fueling factors of industry growth.
Hair care application will value over USD 460 million by 2024. Rising necessity for hair fall prevention, hair nourishment, conditioning & strength restoration are the key factors supporting industry growth. Growth in demand from shampoos & conditioners due to high cleansing effect and sun protection has provided positive outlook for product scope.
Alpha Hydroxy Acid Market, By Product
o Glycolic acid
o Lactic acid
o Citric acid
o Others (Malic acid, tartaric acid)
Alpha Hydroxy Acid Market, By Application
• Cosmetics
o Skin care
o Hair care
o Make up
o Fragrances
o Others (Hygiene products)
• Dermal
Browse key industry insights spread across 250 pages with 192 market data tables & 10 figures & charts from the report, “Alpha Hydroxy Acid (AHA) Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/alpha-hydroxy-acid-aha-market
North America alpha hydroxy acid market accounted for more than 25% of total industry share in 2016. Growing consumer awareness to prevent early ageing signs, wrinkles and scars have supported the industry growth. Stringent government regulations promoting organic and natural ingredients will propel product demand.
Latin America alpha hydroxy acid market will grow around 12.5% up to 2024. Increasing research & development investment on cosmetic ingredients will drive industry demand. Rising consumer consciousness regarding personal looks has enhanced product penetration.
Global alpha hydroxy acid market is fragmented owing to presence numerous international and regional players. Mehul Dye Chem Industries, Crosschem, Ava Chemicals, Parchem, Dupont, H Plus, and Dow are the major industry players. Collaborations, mergers, supply agreements and long-term contracts are major strategies adopted.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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