The global Glycolic Acid Market size is estimated at USD 327 million in 2022 and is projected to reach USD 450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027. Glycolic acid is colorless, odorless, and highly soluble in different types of solutions, including water and alcohol. It is a balanced alpha hydroxy acid found especially in unripe grapes, sugarcane juices, and sugar beets. Glycolic acid and its derivates are widely used in cosmetics, medical, textile, agriculture, and other applications.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1090
The key players in the glycolic acid market are The Chemours Company (US), China Petrochemical Corporation (China), CABB Group GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China). The glycolic acid market report analyzes the key growth strategies adopted by the leading market players, between 2019 and 2021, which include expansions, and new product developments/launch.
The Chemours Company is formed from DuPont’s Performance Chemical’s businesses. It provides industrial and chemical goods for markets, such as coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor, and consumer electronics, general industrial, mining, and oil & gas. It offers titanium dioxide, fluoropolymers, fluorochemicals, performance chemicals & intermediates, and mining solutions through its four business segments, namely, Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. The company provides glycolic acid through the chemical solutions business segment. It manufactures glycolic acid of different grades for various applications, such as household & cleaning, industrial, and medical sutures. The company operates through 29 production facilities in nine countries and serves approximately 3,200 customers in more than 120 countries.
CABB Group GmbH is one of the leading players in the intermediate and finished chemical product market. The company operates through two business segments, namely Custom Manufacturing and Acetyls. It offers glycolic acid through its Acetyls business segment under the brand name Glycos and Glytech. The Acetyl business segment also provides high-purity monochloroacetic acid (MCA) and its derivatives, such as MCA esters and trichloroacetic acid, for agrochemicals, food additives, personal care, and cosmetic products, and other applications in a variety of markets, such as textiles, animal feed, vitamins, and drilling fluids. The segment operates through three production facilities globally: two in Germany and one in China, which is operating in cooperation with Shandong Lutai Chemical Co., Ltd. The company also has sales offices in the US and China.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1090
The Asia Pacific Region to Lead in Market Value, Anticipated to Register the Highest Compound Annual Growth Rate (CAGR) During the Forecast Period in the Glycolic Acid Market. The robust presence of key players in the beauty and cosmetics sector, coupled with the upsurge in industrialization and manufacturing endeavors, is set to propel the glycolic acid market in the Asia Pacific region. The expanding economies in Asia Pacific are poised to witness substantial glycolic acid demand, driven by the burgeoning cosmetics and personal care, healthcare, manufacturing, industrial, and related sectors. The escalating population in these nations presents a formidable consumer base for glycolic acid products.
Read Our Trending Press Release Below:
Air Separation Plant Industry by Process (Cryogenic, Non-cryogenic), Gas (Nitrogen, Oxygen, Argon), End-Use Industry (Iron & Steel, Oil & Gas, Chemical, Healthcare), and Region (North America, APAC, Europe, RoW) – Global Forecast to 2028
Barrier Films Industry by Materials (Polyethylene (PE), Polypropylene (PP), Polyester (PET), Polyamide, Organic Coatings, Inorganic Oxide Coatings), Packaging Type (Pouches, Bags, Blister Packs), End-use, Type and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/glycolic-polyglycolic-acid-market-1090.html