Press release
Glycolic Acid Market to reach USD 924.3 Bn by 2029, emerging at a CAGR of 6.42 percent and forecast 2023-2029
Glycolic Acid Market
The analysis considers historical data, market trends over the past five years, and real-world data from major industry players. The report addresses the exceptional circumstances of 2021, marked by regional lockdowns and their impact on the market.
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Glycolic Acid Market Dynamics:
Rising demand in the Cosmetic Sector: The cosmetic market grew by 5.5% in 2021, with glycolic acid playing a significant role.
Online shopping, social networks, and increased disposable income are driving cosmetic industry growth.
Ongoing innovation in cosmetic products boosts the demand for glycolic acid, with India, Malaysia, and China experiencing significant growth.
Glycolic Acid Market Regional Insights:
Asia Pacific leads the market due to growing textile and cosmetics industries in China and India.
Europe shows significant growth, driven by the fashion industry's need for high-quality materials.
North America experiences market growth, with the pharmaceutical sector as a major user of glycolic acid.
South America's market benefits from consumer awareness of packaged foods.
The Middle East and Africa see growth, primarily in Saudi Arabia and the United Arab Emirates, driven by various industries' use of glycolic acid.
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Glycolic Acid Market Segmentation:
by Grade
• Technical grade
• Pharmaceutical grade
• Industrial grade
by Application
• Personal Care & Cosmetics
• Household
• Textile
• Industrial Cleaners
• Agriculture
• Others
Glycolic Acid Market Key Players:
• China Petrochemical Corporation (Sinopec Corp.), (China)
• The Chemours Company (U.S.)
• CABB Group (Germany)
• Saanvi Corp (India)
• Parchem Fine & Specialty Chemicals (U.S.)
• Water Chemical Co., Ltd (China)
• Shandong Xinhua Pharmaceutical Co., Ltd. (China)
• Mehul Dye Chem Industries (India)
• Avid Organics (India)
• Zhonglan Industry Co., Ltd. (China)
• Eastman Chemical Company (U.S.)
• Corbion (Netherlands)
• CrossChem LP (U.S)
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Table of content for the Glycolic Acid Marketincludes:
Global Glycolic Acid Market: Research Methodology
Global Glycolic Acid Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
GlobalGlycolic Acid Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, SizeandForecast by different segment | 20232029
Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation A detailed analysis by growth and trend
Competitive Landscape Profiles of selected key players by region from a strategic perspective
Competitive landscape Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTERs analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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