Press release
Glycolic Acid Market is Forecasted to Reach US$ 537.28 Million in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global glycolic acid market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1112/glycolic-acid-market.html#form
Report Highlights:
Market Size in 2028: US$ 537.28 million
Growth (CAGR): 6.84% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Glycolic Acid Market:
The global glycolic acid market is segmented based on purity type, grade type, application type, and region.
Based on purity type - The market is segmented as glycolic acid 99%, glycolic acid 70%, glycolic acid 30%, and others. Glycolic acid 99% accounts for the largest market share owing to the surge in usage in cosmetic products, households, pharmaceuticals, textiles, and food processing industries, which are the key factors expected to drive market growth, as well as glycolic acid 99% to Generate the highest revenue during the forecast period.
Based on grade type - The market is segmented into cosmetic grade and technical grade. The cosmetic grade segment held the larger share of the market in 2022 and is expected to remain dominant during the forecast period. It is the purest form of glycolic acid. The growth of the segment is driven by the continuous rising demand for cosmetic products, to meet the need to mitigate the increasing skin-related problems, that are occurring due to growing pollution. Further, rising awareness concerning self-care is another factor attributing to the growth of this segment during the forecast period.
Based on application type - The glycolic acid market is segmented as personal care & dermatology, industrial, household, and others. The personal care & dermatology segment leads the market owing to the large consumption of glycolic acid for the production of various personal care products, such as sunscreen, skin creams and lotions, acne treatment solutions, men's care products and skin lightening creams and lotions. Along with personal care & dermatology, the industrial application segment is expected to register the highest growth during the forecast period.
To know the most attractive segments, click here:
https://stratviewresearch.com/1112/glycolic-acid-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to be the largest market for glycolic acid during the forecast period. This growth outlook is majorly attributed to the following-
• China, Japan, India, and South Korea being the major growth engines, driven by huge spending of customers on cosmetic and beauty products and the presence of a large number of production facilities of glycolic acid in the region.
• North America and Europe are also expected to offer promising growth opportunities during the forecast period.
Glycolic Acid Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing on account of the surge in various applications, such as personal care & dermatology, industrial, and household, majorly in the emerging economies of the Asia-Pacific region.
• The rising demand for glycolic acid skin care products (creams, toners, and masks) and the growing market for keratolytic agents due to the increase in dermatological conditions.
Top Companies in the Glycolic Acid Market:
Stratview Research has identified the following companies as the top market players.
• Avid Organics Pvt. Ltd.
• CABB Group Gmbh
• China Petrochemical Corporation
• Hebei Chengxin Co., Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Phibro Animal Health Corp.
• The Chemours Company
• Water Chemical Co., Ltd
• Shandong Xinhua Pharmaceutical Co., Ltd.
• Zhonglan Industry Co., Ltd.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Glycolic Acid Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Polyglycolic Acid Market: https://stratviewresearch.com/1342/polyglycolic-acid-(PGA)-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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