Glycolic Acid Market Growth Rate, Market Segmentation And Forecasts To 2028

1
Glycolic Acid Market To Reach USD 853.41 Million
By 2027
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Market Summary
Market Size USD 469.71 Million in 2019, Market
Growth - CAGR of 7.7, Market Trends High
demand from developing nations.
The global Glycolic Acid Market is forecast to
reach USD 853.41 Million by 2027, according to a
new report by Reports and Data. The continuous
growth of the makeup sector would contribute to a
business upswing. 

• Further key findings from the report suggest
• Based on the purity, glycolic acid 30 generated
  a revenue of USD 110.85 million in 2019 and
  believed to rise with a CAGR of 7.2 in the
  forecast period attributable to its broad
  applications such as chemical skin peels,
  enhancing dry skin, aging, lowering face folds,
  growing wrinkles, and rejuvenating the skins
  surface.
• The personal care application is the major
  contributor to the Glycolic Acid Market. The
  personal care sectors of the Asia Pacific region
  are the major shareholder of the market and held
  around 53.1 of the market in the year 2019, due
  to the growing demand from the cosmetics industry
  for the manufacturing of anti-aging creams,
  lipsticks, shampoos, beauty treatment sprays,
  moisturizers, cleansers, scrubbing, fragrances
  and body wash items to enhance and cure the skin
  and aging properties.
• In Europe, the Italian market is projected to
  display the most substantial growth rate of over
  7.9 in the timeframe from 2020 to 2027 due to
  improved demand for glycolic acid in the
  manufacture of skincare moisturizers and face
  peels. Additionally, the rising market by
  cosmetics manufacturers in the country for
  glycolic acid is projected to fuel demand for the
  drug over the forecast era.

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Market Summary
Key Players
Shandong Xinhua Pharmaceutical Co. Ltd., Zhonglan
Industry Co. Ltd., Parchem Fine Specialty
Chemicals, China Petroleum Chemical
Corporation, Water Chemical Co. Ltd., Mehul Dye
Chem Industries, Eastman Chemical Company, CABB
GmbH, Avid Organics, and Saanvi Corporation,
among others.
Segmentation

• Purity Outlook (Volume, Kilo Tons 2017-2027)
  (Revenue, USD Million 2017-2027)
• Glycolic Acid 99
• Glycolic Acid 70
• Glycolic Acid 30
• Others
• Application Outlook (Volume, Kilo Tons
  2017-2027) (Revenue, USD Million 2017-2027)
• Personal Care
• Household
• Textile
• Food Processing
• Pharmaceutical
• Others

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Market Summary

• Grade Outlook (Volume, Kilotons 2017-2027,
  Revenue, USD Million 2017-2027)
• Cosmetic
• Technical
• Others
• Regional Outlook (Volume, Kilo Tons 2017-2027)
  (Revenue, USD Million 2017-2027)
• North America
• U.S
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• South Korea
• MEA
• Latin America

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The report emphasizes the following key questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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