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Global Glycolic Acid Market: By Grade: Cosmetic, Technical; By Application: Personal Care, Household, Industrial, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Glycolic Acid Market Outlook
The global glycolic acid market is expected to grow at a CAGR of 7% in the forecast period of 2022-2027 to attain nearly USD 429 million by 2026.
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Growing Utilisation in Personal Care Application to Bolster the Growth of the Glycolic Acid Industry
Based on application, the personal care segment accounted for a significant share in the market owing to the rising demand for glycolic acid-based products for scalp and hair treatment. Over the forecast period, the increasing awareness about the benefits of glycolic acid on skin health and the increasing demand for skin care products among consumers are likely to bolster the consumption of glycolic acid in the skincare industry, thus, aiding the growth of the segment. In addition to that, the rising standards of living in developing economies of the world will allow people to spend more on personal care products. This is expected to contribute to the growth of the overall market. Meanwhile, the household application segment is likely to witness a considerable growth in the forecast period. This can be attributed to the increasing use of glycolic acid in products like bathroom and kitchen cleaners, which are anticipated to witness an increased demand to maintain bathroom and kitchen hygiene.
Europe Accounts for a Significant Share in the Market
Europe is a significant region in the glycolic acid industry. The increasing demand for premium cosmetics and anti-aging products is likely to bolster the demand for glycolic acid in the region. The high consumer purchasing power and the increased awareness about the various skin benefits of glycolic acid are likely to bolster the market growth in the forecast period. Furthermore, the presence of the leading cosmetic manufacturers in countries like Italy and France is anticipated to be another key driver for the European glycolic acid industry.
Glycolic Acid: Industry Definition and Segmentation
Glycolic acid is defined as the water-soluble alpha hydroxy acid that is derived from sugarcane. It is an odourless, colourless, and hygroscopic crystalline solid that helps to separate the connections between skin cells in the outer layers of skin and promotes exfoliation.
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On the basis of grade, the market is divided into:
- Cosmetic
- Technical
Based on application, the industry is segmented into:
- Personal Care
- Household
- Industrial
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Cosmetic Grade Glycolic Acid and the Rising Consumer Disposable Income to Boost the Growth of the Glycolic Acid Industry
The increasing demand for cosmetic grade glycolic acid is one of the major factors driving the growth of the industry. The product’s high degree of acidity and excellent water-solubility make it ideal for cosmetics and personal care products such as creams for wrinkle treatment, skin care, scar removal, and hair nourishment, among others. The increasing disposable income and the rising standards of living have resulted in increased consumer spending on cosmetics and personal care products, which is significantly contributing to the growth of the overall market.
Over the forecast period, the increasing participation of women in the workforce is likely to motivate them to use premium products to look presentable and enhance their skin health. This will further provide an impetus to the market growth. In addition, the increasing industrial applications of the product, such as semiconductor processing, leather dying, and others, are expected to further enhance the market growth in the forecast period.
Key Industry Players in the Global Glycolic Acid Market
The report gives a detailed analysis of the following key players in the global glycolic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Jiaxing Jilat Chemical Co., Ltd.
- Avid Organics Pvt. Ltd.
- China Petrochemical Corporation
- Water Chemical Co., Ltd
- Zhonglan Industry Co.,Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Application, Region |
| Breakup by Grade | Cosmetic, Technical |
| Breakup by Application | Personal Care, Household, Industrial, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Jiaxing Jilat Chemical Co., Ltd., Avid Organics Pvt. Ltd., China Petrochemical Corporation, Water Chemical Co., Ltd, Zhonglan Industry Co.,Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Glycolic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Glycolic Acid Historical Market (2017-2021)
8.3 Global Glycolic Acid Market Forecast (2022-2027)
8.4 Global Glycolic Acid Market by Grade
8.4.1 Cosmetic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Technical
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Glycolic Acid Market by Application
8.5.1 Personal Care
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Household
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Industrial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Glycolic Acid Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
12.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Jiaxing Jilat Chemical Co., Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Avid Organics Pvt. Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 China Petrochemical Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Water Chemical Co., Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Zhonglan Industry Co.,Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Glycolic Acid Market: Key Industry Highlights, 2016 and 2026
2. Global Glycolic Acid Historical Market: Breakup by Grade (USD Million), 2017-2021
3. Global Glycolic Acid Market Forecast: Breakup by Grade (USD Million), 2022-2027
4. Global Glycolic Acid Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Glycolic Acid Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Glycolic Acid Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Glycolic Acid Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Glycolic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Glycolic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Glycolic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Glycolic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Glycolic Acid Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
18. North America Historical Price Trends and Forecast 2017-2027
19. Europe Historical Price Trends and Forecast 2017-2027
20. Asia Pacific Historical Price Trends and Forecast 2017-2027
21. Latin America Historical Price Trends and Forecast 2017-2027
22. Middle East and Africa Historical Price Trends and Forecast 2017-2027
23. Global Glycolic Acid Market Structure
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