CHICAGO, May 26, 2022 /PRNewswire/ — According to the new market research report “Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asian-Pacific, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2027″, published by MarketsandMarkets™, the global Glycolic Acid Market size is estimated at $327 million in 2022 and is projected to reach $450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027. Growth in the glycolic acid market can primarily be attributed to the growing demand for glycolic acid in the cosmetic industry and personal care products, specifically as a preferred ingredient in anti-aging , anti-pollution, and over-the-counter skin care products. The demand for glycolic acid in anti-aging products is mainly expected to increase in developed countries, owing to the rising aging population; this trend is also expected in developing regions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1090
Browse in-depth TOC on “Glycolic Acid Market”
192 – Tables
38 – Figures
170 – Pages
View Detailed Table of Contents Here: https://www.marketsandmarkets.com/Market-Reports/glycolic-polyglycolic-acid-market-1090.html
Technical grade is the largest grade segment of the glycolic acid market
On the basis of grade, the market is segmented into cosmetic grade and technical grade. The technical grade of glycolic acid is a colorless-to-light yellow liquid solution mainly used for manufacturing household, industrial, and electronics cleaners. The increasing demand for technical grade glycolic acid from industrial cleaning, tanning & dyeing, agriculture, and other industries, is expected to drive its demand during the forecast period.
Personal Care & Dermatology is the largest application segment of the glycolic acid market
On the basis of application, the market is segmented into personal care & dermatology, industrial, household, and others. The personal care & dermatology application segment led the market in terms of both value and volume. The huge demand for glycolic acid-based products in the treatment of acne, hyperpigmentation, and old age effects such as fine lines, age spots, and dullness is expected to drive the demand for glycolic acid in this application. There is increasing demand for glycolic acid as a keratolytic agent for treating dermatological diseases.
Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1090
Asian-Pacific is the largest market for glycolic acid market
the Asian-Pacific region is projected to be the largest market, in terms of value. Asian-Pacific is also expected to grow at the highest CAGR during the forecast period. The presence of major beauty & cosmetics market, along with rising industrialization and manufacturing activities, will drive the glycolic acid market in Asian-Pacific. Emerging economies in Asian-Pacific are expected to experience significant demand for glycolic acid due to the growing cosmetics and personal care, manufacturing, healthcare, industrial, and other industries. The growing population in these countries represents a strong customer base.
The Chemours Company (US), China Petrochemical Corporation (China), CABB Group GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China) are key players in glycolic acid market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1090
Browse Adjacent Markets: Bulk Chemicals and Inorganics Market Research Reports & Consulting
Polyglycolic Acid Market by Form (Fibers, Films, Others), End-use industry (Medical, Oil & Gas, Packaging) and Region (North America, Europe, Asian-Pacific, Middle East & Africa, South America)-Global Forecast to 2024
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently serving 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/glycolic-polyglycolic-acid-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/glycolic-polyglycolic-acid.asp
View original content:https://www.prnewswire.com/news-releases/glycolic-acid-market-worth-450-million-by-2027–exclusive-report-by-marketsandmarkets-301555710.html