Global Glycolic Acid Market: By Grade: Cosmetic, Technical; By Application: Personal Care, Household, Industrial, Others; Regional Analysis; Historical Market and Forecast (2018-2028); 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 2023-2028 to attain nearly USD 429 million by 2026.

 

Glycolic Acid Market

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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: Market 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.

 

Glycolic Acid Market By Segments

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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.

 

Glycolic Acid Market By Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Glycolic Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Glycolic Acid Historical Market (2018-2022) 
    8.3    Global Glycolic Acid Market Forecast (2023-2028)
    8.4    Global Glycolic Acid Market by Grade
        8.4.1    Cosmetic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Technical
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Household
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Industrial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others     
    8.6    Global Glycolic Acid Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Glycolic Acid Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Glycolic Acid Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Glycolic Acid Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America  Glycolic Acid Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Glycolic Acid Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive  Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Jiaxing Jilat Chemical Co., Ltd.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Avid Organics Pvt. Ltd.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    China Petrochemical Corporation
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Water Chemical Co., Ltd
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Zhonglan Industry Co.,Ltd.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends  and Developments in the Market


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 Key Figures and Tables

1.    Global Glycolic Acid Market: Key Industry Highlights, 2018 and 2028
2.    Global Glycolic Acid Historical Market: Breakup by Grade (USD Million), 2018-2022
3.    Global Glycolic Acid Market Forecast: Breakup by Grade (USD Million), 2023-2028 
4.    Global Glycolic Acid Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Glycolic Acid Market Forecast: Breakup by Application (USD Million), 2023-2028 
6.    Global Glycolic Acid Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Glycolic Acid Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Glycolic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Glycolic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Glycolic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Glycolic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Glycolic Acid Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Glycolic Acid Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Glycolic Acid Market Structure

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