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Glycolic Acid Market is expected to witness Incredible Growth during 2021-2031 | CrossChem Limited, CABB Group, BASF
Glycolic Acid Market
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Glycolic acid is an organic compound with the formula C2H4O3. It is the smallest alpha hydroxy acid (AHA). This colorless, odorless, and hygroscopic crystalline solid is highly soluble in water. It is used in various skin-care products.
Key Trends
The cosmetics industry has long been interested in glycolic acid as an active ingredient for skin care products. This is because glycolic acid has the ability to penetrate the skin and break down the bonds between the dead skin cells, making it an effective exfoliant. In addition, glycolic acid has been shown to stimulate collagen production, which can help to reduce the appearance of wrinkles and improve the overall appearance of the skin.
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Key Drivers
The key drivers of the glycolic acid market include the growing demand for glycolic acid from the cosmetics and personal care industry and the increasing use of glycolic acid in medical applications. Glycolic acid is a natural ingredient found in sugar cane and other fruits. It is a popular ingredient in cosmetics and personal care products because it is a very effective exfoliant. Glycolic acid is also used in medical applications to treat conditions such as acne, psoriasis, and wrinkles. The growing demand for glycolic acid from the cosmetics and personal care industry is the major driver of the glycolic acid market. The increasing use of glycolic acid in medical applications is also a key driver of the market.
Market Segments
The glycolic acid market report is bifurcated on the basis of grade, purity, application, and region. On the basis of grade, it is segmented into cosmetic grade and technical grade. Based on purity, it is analyzed across 99%, 70%, 30% and others. By application, it is categorized into personal care, industrial, household, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The glycolic acid market report includes players such as CrossChem Limited, CABB Group, BASF, Merck KGaA, Kureha, Corporation, Parchem, SimcoQC, Griffin International, Dupont, and Zhonglan Industry Co.
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