Press release
Alpha Hydroxy Acid Market Growth Opportunity till 2024 | Key players like Crosschem, Ava Chemicals, Parchem, Dow, Dupont, H Plus, Bulk Actives
Alpha Hydroxy Acid Market
Burgeoning demand across North America
North America is expected to offer lucrative growth opportunities to firms operating in the alpha hydroxy acid market. The region accounted for over 25% of the total market share in 2016.
Increasing consumer awareness to prevent wrinkles, early aging signs, and scars have supported product penetration. While stringent government regulations supporting the use of organic and natural cosmetic products may accelerate product demand in North America over the coming years.
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Alpha hydroxy acid market is expected to witness prominent growth on account of its widespread application in cosmetics products. Alpha hydroxy acid is extensively used in hair care, skincare, fragrances, and other cosmetic products. It helps in removing blackheads, blocked pores, and dead skin, as well as aids in enhancing skin tone.
In recent years, customers have shifted their preference towards natural based cosmetic ingredients. People across the globe have started to spend heavily on anti-aging cosmetic products. Studies suggest that the anti-aging cosmetic sector may surpass USD 216 billion by the year 2021. Meanwhile, improving standard of living and changing income trends may encourage people to opt for quality cosmetic products, creating lucrative growth opportunities for alpha hydroxy acid business.
Speculating the product’s wide-ranging application in the cosmetic industry, Global Market Insights, Inc., suggests that the alpha hydroxy acid market may surpass USD 3 billion by the year 2024. However, photosensitivity of the skin caused due to product usage may restrain AHA demand over the forthcoming years.
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It is important to mention that the AHA market is competitive, with strong presence of several regional and international companies. Apparently, manufacturers and suppliers like H Plus, Dow, Parchem, Dupont, Crosschem, Ava Chemicals, Chem Industries, and Mehul Dye are adopting several organic and inorganic growth strategies such as mergers, partnerships, and long-term contracts to tap a major market share.
Glycolic AHA based products are highly effective in treating acne, white blackheads, and dark pigment. The product’s widespread application scope particularly in anti-aging formulations to reduce wrinkles, freckles, and fine lines may boost its demand over the forecast period
On the other hand, lactic acid products are witnessing robust demand on account of its deeper skin penetration, skin tightening, and reduced sagging properties. Easy availability of raw materials and advancement in the extraction process may accelerate the product’s application scope.
Browse More News:
https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2019/04/16/1804468/0/en/Benzalkonium-Chloride-Market-to-exceed-1bn-by-2025-Global-Market-Insights-Inc.html
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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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