Press release
Global Glycolic Acid Market to grow at a CAGR of 11.50% during the period 2017-2021
"The Report Global Glycolic Acid Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"About Glycolic Acid
Glycolic acid is an alpha-hydroxy acid (AHA), which is colorless, odorless, and highly soluble in alcohol. It is also derived from fruit and milk sugars. It is synthesized from ethylene glycol-oxidizing microorganisms.
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Glycolic acid contains a keratolytic, germinative layer and produces a fibroblast stimulating action. Its chemical formula is C2H4O3.
Glycolic acid can be formed in various ways. The common approach used is the catalyzed reaction of formaldehyde with synthesis gas to produce glycolic acid, and this method is a low-cost process. It is also formed by the reaction of chloroacetic acid with sodium hydroxide, followed by re-acidification. It is also extracted from natural sources, such as sugarcane, sugar beets, pineapple, cantaloupe, and unripe grapes.
Technavios analysts forecast the global glycolic acid market to grow at a CAGR of 11.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global glycolic acid market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
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The market is divided into the following segments based on geography:
APAC,
Europe,
North America,
ROW
Technavio's report, Global Glycolic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
CrossChem LP
Phibro Animal Health Corporation
SimcoQC
The Chemours Company
Zhonglan Industry Co
Other prominent vendors
Ava Chemicals
Avid Organics
CABB
Euromi
Hefei TNJ Chemical Industry
Jlight Chemicals Company
Kureha Corporation
Mehul Dye Chem Industries
Vornia Biomaterials
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Market driver
Growing demand from cosmetics industry
For a full, detailed list, view our report
Market challenge
Availability of inexpensive alternative products
For a full, detailed list, view our report
Market trend
Increasing use of microdermabrasion
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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