Press Release
Press Release
The skincare market is experiencing significant growth, attributable to consumers' heightened focus on anti-ageing regimens and treatments. As individuals endeavour to preserve youthfulness and healthy skin, the need for glycolic acid-based products continues on an upward trajectory.
The growing focus on self-care and personal grooming, combined with increasing disposable incomes, continues to drive expansion in this market. Customers are willing to invest in products that deliver effective solutions for their skincare needs, subsequently spurring the glycolic acid market expansion.
Furthermore, the demand for glycolic acid has increased in recent years due to the growth of the cleaning industry as well as expanded textile production worldwide. Consumers have increasingly prioritised the use of safe products, as evidenced by rising consciousness around non-toxic personal care and pharmaceutical options. Similarly, elevated research and development investments targeting the creation of environmentally sound alternatives have stimulated global demand. Altogether, these trends underscore robust market opportunities for glycolic acid.
In August 2023, The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, thermal and specialised solutions, and advanced performance materials, completed the sale of its glycolic acid business to PureTech Scientific, LLC. PureTech Scientific is a company founded and backed by Iron Path Capital, a private equity firm focused on lower-middle market investments across speciality healthcare sectors.
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The major players in the global glycolic acid market are Jiaxing Jilat Chemical Co., Ltd., Avid Organics Pvt. Ltd., China Petrochemical Corporation, Water Chemical Co., Ltd, Zhonglan Industry Co.,Ltd., The Chemours Company, CABB Group GmbH , Shandong Xinhua Pharmaceutical I&E Co.,Ltd, Phibro Animal Health Corporation, Hefei TNJ Chemical Industry Co.,Ltd., Spectrum Chemical Mfg. Corp., Merck KGaA, and CrossChem Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Grade |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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