Some of the key players in the Glycolic Acid market include CABB Group Gmbh, China Petrochemical Corporation, Hebei Chengxin Co Ltd , Hefei TNJ Chemical Industry Co Ltd, Phibro Animal Health Corp, Cangzhou Goldlion Chemicals Co Ltd and Wuhan Biocar Bio-Pharm Co Ltd.
Gaithersburg, Maryland, United States – December 17, 2019 /MarketersMedia/ —
Increasing demand for glycolic acid in the cosmetic industry, growing glycolic acid consumption in varied applications is likely to boost the growth of the market. However, Skin problems caused by the use of glycolic acid-based cosmetic products are likely to hamper the profit boundaries.
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Glycolic acid belongs to a group of active compounds known as AHAs (alpha hydroxyl acids), which are primarily found in vegetables and fruits such as sugarcane, pineapple, unripe grapes, etc. Glycolic acid possesses the smallest molecules in the group; this enables quick and easy penetration of human skin. It is therefore very effective in skin treatment and is widely used in cosmetic formulations. Due to the increased adoption of personal care products, the glycolic acid market is witnessing significant growth. Glycolic acid is also used for the manufacturing of poly glycolic acid (PGA) and in absorbable sutures for surgical/medical applications. Improving healthcare standards, particularly in emerging economies, are expected to accelerate the demand for these sutures. This would, in turn, boost the demand for glycolic acid. The key players operating in this market are Chemsolv, Inc., DuPont, Phibro Animal Health Corporation, CrossChem LP, Parchem, Sigma-Aldrich, Phibro Animal Health Corporation, Griffin International Inc. and Crosschem LP.
Based on the type, the glycolic acid segment is owing to increasing demand for glycolic acid-based products for scalp treatment and hair nourishment.
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By geography, Europe accounted for the substantial market share of over 30% due to a rapidly developing skin and hair care industry. Increasing demand for anti-aging and acne removal creams is expected to drive the market further over the forecast period. Presence of various cosmetics manufacturers in Italy and France is also likely to boost market growth.
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Grades Covered:
• Cosmetic Grade
• Industrial Grade
• Medical Grade
• Technical Grade
• Other Grades
Purities Covered:
• Glycolic Acid 30%
• Glycolic Acid 70%
• Glycolic Acid 99%
• Other Purities
Types Covered:
• Hydroxyacetic Acid
• Glycolic Acid Solution
• Glycolic Acid Solid
• Other Types
Applications Covered:
• Household
• Industrial
• Personal Care & Dermatology
• Others Application
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
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– Company profiling with detailed strategies, financials, and recent developments
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Source: MarketersMedia
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