Glycolic Acid Market 2019 Opportunity, Growth Analysis Forecast 2023

Market Overview:

Glycolic Acid is a component in the group of active compounds known as alpha hydroxy acids or AHAs and is highly soluble in water. It can also be obtained from cane sugar and other sugar crops. Market Research Future (MRFR) has published a report asserting that the Global Glycolic Acid Market is marked to expand at a notable CAGR of 6.09% during the forecast period of 2017-2023.

Key Players:

The players in the Global Glycolic Acid Market are aiming towards business expansion by introducing innovative application range of Glycolic Acid in various end-use industries. The initiatives like strategic mergers and acquisitions are aiding these players in creating dominance over the competitive environment on the Global Glycolic Acid Market. The major players profiled by MRFR that are operating in the Global Glycolic Acid Market are the Chemours Company, Phibro chem, CrossChem LP, CABB Group, Sigma-Aldrich Corporation, Zhonglan Industry Co, Mehul Dye Chem Industries and others.

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Market Drivers and Restraints:

Glycolic Acid is majorly utilized for the production of personal care products such as skin creams, lotions, moisturizers, shampoo formulations and others. The benefits of Glycolic Acid in treating skin conditions like breakouts, acne, clogged pores and others are inducing high demand for skin care products that contain Glycolic Acid as their major component, which in turn is propelling the expansion of the Global Glycolic Acid Market. Multiple industrial uses of glycolic acid such as it is used in the formulation of polyglycolic acid which is then utilized for the extraction of shale gas and utilization of Glycolic Acid for the production of PET bottles owing to its biodegradable nature are some other factors that are driving the growth of the Global Glycolic Acid Market. However, stringent regulatory framework over the production and utilization of Glycolic Acid and allergic reaction towards the use of skin care products made from Glycolic Acid are likely to restrain the growth of the Global Glycolic Acid Market during the forecast period.

Market Segmentation:

The Global Glycolic Acid Market has been segmented on the basis of Source and Application.

Based on Source, the Glycolic Acid Market has been segmented into natural and synthetic.

Based on Application, the Glycolic Acid Market has been segmented into personal care, textile dyeing and finishing, oil field, petroleum refining and others. The personal care application segment commanded for the major share in the Global Glycolic Acid Market owing to the high demand for Glycolic Acid in the production of various skin care products and hair nourishment solutions.

Regional Analysis:

Geographically, the Global Glycolic Acid Market has been segmented into Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. The North America region commanded for the major share in the Global Glycolic Acid Market and has been forecasted to expand at a CAGR of 6.23% during the assessment period. Rise in demand for skin care products that have Glycolic Acid as their main component and growing application of Glycolic Acid in various end-use industries are propelling the growth of the Glycolic Acid Market in the North America region. Rise in research and development activities for introducing larger application areas of glycolic acid and increased production of product made from Glycolic Acid are fueling the growth of Glycolic Acid Market in the Europe region. Increased application of Glycolic Acid in rapidly growing personal care and textile industries in the emerging economies such as India, China and Australia are leading to the significant expansion of the Glycolic Acid Market in the Asia Pacific region. The Middle East and Africa region is projecting steady growth in the Global Glycolic Acid Market owing to the low utilization of personal care products that are rich with Glycolic Acid and low demand for glycolic acid in other industrial sectors of the underdeveloped areas in this region.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Glycolic Acid Market Top Companies, Trends and Growth Factors Details for Business Development 2019 -2023

Glycolic Acid Market – Market Overview

Glycolic Acid is Alpha Hydroxyl Acid (AHA) which is high soluble in aqueous solution and is generally colourless, odourless, and soluble at room temperature. Glycolic Acid is synthesized naturally as well as through chemical reaction. Glycolic acid is produced naturally through vegetables and fruits such as sugarcane, pineapple and sugar beets among others are gaining high importance in the Global Glycolic Acid Market. Glycolic Acid Market expected to grow at CAGR of 6.09% owing to increasing use in skin and hair care products coupled with rising development in cosmetic industry. Further, growing demand of Glycolic Acid as additive in inks and paints is likely to propel the overall market growth.

Glycolic Acid is used in personal care and cosmetic products such as skin cream, moisturizer, acne face lines and shampoos formulation owing to its exfoliating property and high-water solubility. Glycolic acid market is expected to reach USD 375.5 million by the end of 2023. Growing demand of acne products among aging population for reducing face lines, scars and marks are further anticipated to drive the market growth. Commercially, Glycolic Acid is prepared through synthesis of formaldehyde in presence of catalyst. This method is widely adopted by various manufacturer owing to cost effective and advance technology. Thus, rising expenditure on innovative and development in production process for increasing scope of application is likely to boost the Global Glycolic Acid Market. Glycolic acid is used in formulation of polyglycolic acid which is further used in extraction of shale gas. In addition, adoption of polyglycolic acid in absorbable medical sutures and PET bottles owing to high biodegradability are anticipated to provide new opportunity for market participants in coming years. Subsequently, rising awareness about side effects in cosmetics and personal care products along with stringent regulatory trends are hampering the market growth.

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The Global Glycolic Acid Market is segmented according to application as personal care, textile dyeing and finishing, oil field, petroleum refining and others. Personal care application is dominating with 28% of market share in Global Glycolic Acid Market. This is attributed to increasing demand of skin care and hair treatment among youth population coupled with rising awareness about healthy skin is likely to further boost the overall market growth. The textile dyeing and finishing segment account for second largest market share owing to high compatibility of product with surfactants, dyes and biocidal agents is expected to drive the market growth over the forecast period.

The Global Glycolic Acid is divided into five regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounts for highest market share in terms of value and volume. U.S. is leading country and projected to grow at CAGR of 5.49% during forecast period. Increasing number of middle aged women using anti-ageing products such as anti-wrinkle and acne removal scar is likely to propel the growth. Europe is second largest market and will continue its dominance in coming years. Rising number of cosmetic and personal care manufacturer especially in France, UK and Italy are anticipated to drive the market growth. Further, stringent regulations related to consumption of Glycolic Acid in household products as well as personal care is expected to drive the market growth. Asia Pacific exhibits significant growth over the forecast period. China and India are leading countries owing to rapid urbanization and changing lifestyle of consumer coupled with low manufacturing cost driving manufacturer to shift the production base in order to increase market share.

Glycolic Acid Market – Competitive Analysis

Glycolic Acid Market appears to be fragmented market owning to the presence of numerous small and tier 2 players active in regional market. The strategies traced from the analysis of recent developments of the key players include acquisition and product launch. Migration of personal care and household furnishing industries to emerging markets in order to tap opportunities are further fuelling the growth of Glycolic Acid Market. Product development and joint venture or collaboration are some of the strategies followed by regional players. Company like the Chemours Company are prominent manufacturer in Global Glycolic Acid Market. Moreover, pharmaceutical companies are launching new products based on Glycolic Acid to increase their market share.

Industry/ Innovation/ Related News:

October 2016 – Chemrous has launched a new product Glypure Gl Cosmetic grade. The launch of new product will benefit the company in adding a new product line in Glycolic acid. Glypure is an active ingredient in anti-aging formulation which used in many personal care and cosmetic products. With unique advantages, this product has proven ability to be first choice for cosmetic grade Glycolic Acid.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

Glycolic Acid Market 2019 | Technology, Applications, Growth and Region Forecast 2023

Market Drivers and Restraints:

Glycolic Acid is majorly utilized for the production of personal care products such as skin creams, lotions, moisturizers, shampoo formulations and others. The benefits of Glycolic Acid in treating skin conditions like breakouts, acne, clogged pores and others are inducing high demand for skin care products that contain Glycolic Acid as their major component, which in turn is propelling the expansion of the Global Glycolic Acid Market. Multiple industrial uses of Glycolic Acid such as it is used in the formulation of polyglycolic acid which is then utilized for the extraction of shale gas and utilization of glycolic acid for the production of PET bottles owing to its biodegradable nature are some other factors that are driving the growth of the Global Glycolic Acid Market. However, stringent regulatory framework over the production and utilization of Glycolic Acid and allergic reaction towards the use of skin care products made from Glycolic Acid are likely to restrain the growth of the Global Glycolic Acid Market during the forecast period.

Key Players:

The players in the Global Glycolic Acid Market are aiming towards business expansion by introducing innovative application range of Glycolic Acid in various end-use industries. The initiatives like strategic mergers and acquisitions are aiding these players in creating dominance over the competitive environment on the Global Glycolic Acid Market. The major players profiled by MRFR that are operating in the Global Glycolic Acid Market are the Chemours Company, Phibro chem, CrossChem LP, CABB Group, Sigma-Aldrich Corporation, Zhonglan Industry Co, Mehul Dye Chem Industries and others.

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Market Overview:

Glycolic Acid is a component in the group of active compounds known as alpha hydroxy acids or AHAs and is highly soluble in water. It can also be obtained from cane sugar and other sugar crops. Market Research Future (MRFR) has published a report asserting that the Global Glycolic Acid Market is marked to expand at a notable CAGR of 6.09% during the forecast period of 2017-2023.

Market Segmentation:

The Global Glycolic Acid Market has been segmented on the basis of Source and Application.

Based on Source, the Glycolic Acid Market has been segmented into natural and synthetic.

Based on Application, the Glycolic Acid Market has been segmented into personal care, textile dyeing and finishing, oil field, petroleum refining and others. The personal care application segment commanded for the major share in the Global Glycolic Acid Market owing to the high demand for Glycolic Acid in the production of various skin care products and hair nourishment solutions.

Regional Analysis:

Geographically, the Global Glycolic Acid Market has been segmented into Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. The North America region commanded for the major share in the Global Glycolic Acid Market and has been forecasted to expand at a CAGR of 6.23% during the assessment period. Rise in demand for skin care products that have Glycolic Acid as their main component and growing application of Glycolic Acid in various end-use industries are propelling the growth of the Glycolic Acid Market in the North America region. Rise in research and development activities for introducing larger application areas of glycolic acid and increased production of product made from Glycolic Acid are fueling the growth of Glycolic Acid Market in the Europe region. Increased application of Glycolic Acid in rapidly growing personal care and textile industries in the emerging economies such as India, China and Australia are leading to the significant expansion of the Glycolic Acid Market in the Asia Pacific region. The Middle East and Africa region is projecting steady growth in the Global Glycolic Acid Market owing to the low utilization of personal care products that are rich with Glycolic Acid and low demand for Glycolic Acid in other industrial sectors of the underdeveloped areas in this region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/glycolic-acid-market-3141                                      

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

Glycolic Acid Market 2018 | Trends, Drivers, Strategies, Applications and Competitive Landscape 2023

The Global Glycolic Acid Market is expected to grow moderately at a CAGR of 6.09% over the forecast period 2017-2023.Glycolic Acid Market valued USD 249.9 million in 2016 and is expected to reach USD 375.5 million by the end of 2023. Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightning and anti-aging products from youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning.
Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.

The Global Glycolic Acid Market is segmented according to application as personal care, textile dyeing and finishing, oil field, petroleum refining and others. Personal care application is dominating with 28% of market share in global glycolic acid market. This is attributed to increasing demand of skin care and hair treatment among youth population coupled with rising awareness about healthy skin is likely to further boost the overall market growth. The textile dyeing and finishing segment account for second largest market share owing to high compatibility of product with surfactants, dyes and biocidal agents is expected to drive the market growth over the forecast period.

The Global Glycolic Acid is divided into five regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America accounts for highest market share in terms of value and volume. U.S. is leading country and projected to grow at CAGR of 5.49% during forecast period. Increasing number of middle aged women using anti-ageing products such as anti-wrinkle and acne removal scar is likely to propel the growth. Europe is second largest market and will continue its dominance in coming years. Rising number of cosmetic and personal care manufacturer especially in France, UK and Italy are anticipated to drive the market growth. Further, stringent regulations related to consumption of glycolic acid in household products as well as personal care is expected to drive the market growth. Asia Pacific exhibits significant growth over the forecast period. China and India are leading countries owing to rapid urbanization and changing lifestyle of consumer coupled with low manufacturing cost driving manufacturer to shift the production base in order to increase market share.

Industry/ Innovation/ Related News: 

October 2016 – Chemrous has launched a new product Glypure Gl Cosmetic grade. The launch of new product will benefit the company in adding a new product line in Glycolic acid. Glypure is an active ingredient in anti-aging formulation which used in many personal care and cosmetic products. With unique advantages, this product has proven ability to be first choice for cosmetic grade glycolic acid.

Key Findings:

The Global Glycolic Acid Market is projected to reach USD 375.5 million by 2023 at a CAGR of 6.09% in terms of value during review period 2017-2023. Increasing demand for personal care products with the rising awareness regarding skin and hair care projected to boost the market growth during the forecast period. North America accounted for ~34% share of the Global Glycolic Acid Market followed by Europe. North America and Asia Pacific are estimated to grow at the healthy rate of 6.23% and 6.0% respectively during the forecast period. Based on source, synthetic will hold 68% of market share in 2017 as it is utilized the most in personal care products. In terms of value, synthetic will witness higher growth rate 6.49%. Based on application, personal care holds more than 28% of market share in 2016 as it is utilized the most in beauty products.

Additionally, consumers’ expenditure on beauty product has been increasing significantly from the last few years in developed and developing regions. The global oil field and textile & dying sector likely to hold around half of the market share in 2017, collectively. Increased demand for glycolic acid in the textile industry as dyeing and tanning agent projected to boost the market growth over the forecast period.

Glycolic Acid Market – Competitive Analysis

Glycolic Acid Market appears to be fragmented market owning to the presence of numerous small and tier 2 players active in regional market. The strategies traced from the analysis of recent developments of the key players include acquisition and product launch. Migration of personal care and household furnishing industries to emerging markets in order to tap opportunities are further fuelling the growth of Glycolic Acid Market. Product development and joint venture or collaboration are some of the strategies followed by regional players. Company like The Chemours Company are prominent manufacturer in Global Glycolic Acid Market. Moreover, pharmaceutical companies are launching new products based on Glycolic Acid to increase their market share.

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Glycolic Acid Market 2018 | Global Industry Share, Segments & Key Drivers, 2023

Glycolic Acid Market – Market Overview

Glycolic Acid is alpha hydroxyl acid highly soluble in aqueous solution and is usually colourless and odourless. Glycolic Acid is naturally found in vegetables and fruits such as sugarcane, pineapple, and sugar beets. Also, glycolic acid can be commercially synthesized through synthesis of formaldehyde in presence of catalyst.

Global Glycolic Acid Market is projected to reach USD 375.5 million at a healthy CAGR of 6.09% over the forecast period. The high penetration of Glycolic Acid in personal care products is the major driver of the Global Glycolic Acid Market. This growth can be attributed to the various properties of glycolic acid such as anti-inflammatory and anti-oxidant behaviour. It is also used in the fibroblast stimulation and kerotolytic therapy.  Growing demand of acne products amongst the aging population for reducing face lines, scars and marks are projected to drive the market growth. Glycolic acid is used as a disinfectant cleaner and is widely consumed in household cleaning applications. Glycolic Acid is also used in formulation of polyglycolic acid, which is further used in extraction of shale gas. Additionally, adoption of polyglycolic acid in absorbable medical sutures and PET bottles owing to high biodegradability are expected to offer new opportunity for market participants in coming years. However, stringent regulation regarding the concentration of Glycolic Acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.

Glycolic Acid Market- Competitive Landscape

The Global Glycolic Acid Market is witnessing rapid growth primarily driven by growing consumer awareness for the skin health coupled with the high disposable income.  The Chemours Company, Phibro Animal Health Corporation, CrossChem LP, CABB GMBH, Merck KGaA are the leading players in this market. Most of these market participants are adopting the acquisition, collaboration tactics and launching new products in order to strengthen their market position and meet the growing demand. Growing demand for personal care products across the globe coupled with the continuous collaborations and agreements between manufacturers, distributers, and marketing firms are key factors for the growth of Glycolic Acid in the global market. Considering these trends, the Global Glycolic Acid Market is set to witness considerable competition over the forecast period of 2017-2023.

Industry/ Innovation/ Related News:

May 18, 2018 - The Chemours Company announced a global price increase of up to 15 percent for all grades for glycolic acid products, effective from July 01, 2018. This price adjustment will ensure the company to continue to invest and provide high level of product quality, service, and innovation to meet their customer’s needs worldwide.

October 05, 2016 - Chemrous has launched a new product Glypure Gl Cosmetic grade. The launch of new product will benefit the company in adding a new product line in Glycolic acid. Glypure is an active ingredient in anti-aging formulation which used in many personal care and cosmetic products. With unique advantages, this product has proven ability to be first choice for cosmetic grade glycolic acid.

April 25, 2016 - Lanxess AG, a German based has agreed to acquire Chemours’s Clean & Disinfectant Chemical business for USD 230 million, but will retain their glycolic acid line. The Chemours Company reported net loss of around USD 86 million in 2015. The sell-off the Clean & Disinfectant business was the company’s strategy towards reversing its recent misfortunes.

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Glycolic Acid Market 2017: Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2023

 Synopsis of Glycolic Acid Market:
The Global Glycolic Acid Market is expected to reach market valuation of USD 362.52 million by 2023 with CAGR of 12.1% between 2016 and 2023.
Glycolic Acid or hrdroxyacetic acid is a class of chemical compound that consists of carboxylic acid substituted with hydroxyl group on the adjacent carbon. It is a colorless liquid which is odorless, and is soluble in alcohol at room temperature. Its chemical formula is HOCH2COOH and can be processed naturally & synthetically. It possess various properties such as keratolytic, germinative layer and a fibroblast stimulating action. It exhibits anti-inflammatory effects and anti-oxidant actions leading to wide application scope in personal care, textile dyeing & finishing, oil field, petroleum refining, and others.

The Global Glycolic Acid Market is expected to grow steadily and register a CAGR of 6.09% over the forecast period. Some of the prominent trends and drivers supporting the growth of Global Glycolic Acid Market are identified as rising awareness regarding skincare and hair care along with growth in personal care products. Furthermore, increasing affinity towards skin lightening and rising demand of anti-aging products among geriatric population is anticipated to augment skincare ingredients market. Increasing spending on household cleaning is expected to further propel the Glycolic Acid Market growth. Stringent regulation by limiting the concentration of glycolic acid in personal care products coupled with availability and development of substitutes such as salicylic acid are expected to hinder market growth.

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Regional Analysis:
Based on the regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in terms of value and volume in 2016, and is projected to grow at the highest CAGR of 6.23% in terms of value during the forecast period of 2017 to 2023. In North America, U.S contribute the largest market share of 53.3% in terms of volume and is projected to grow at the highest CAGR of 5.49% followed by Canada during the review period. Europe held the second largest market share in 2016. Within Europe, Germany dominated the market share and is projected to grow at the highest CAGR followed by UK, France, and Spain. Emerging economies of Asia Pacific such as India, China, Japan, and Australia are projected to grow at a significant rate owing to the growth of applications such as personal care and textile dyeing & finishing.

Segmentation:
The Global Glycolic Acid Market is segmented on the basis of source, application and region. On the basis of source, Global Glycolic Acid Market is segmented into natural and synthetic. Based on application, the global glycolic acid market is segmented into personal care, textile dyeing & finishing, oil field, petroleum refining, and others. On the basis of region, market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Findings:
Global Glycolic Acid Market is projected to reach USD 263.3 Million by 2023 with CAGR of 6.09% in terms of value during review period of 2017-2023. Increase in demand of personal care products with rising awareness regarding skin and hair care augmented the market demand during the forecast period. North America accounted for largest share of around 34% in Glycolic Acid Market followed by Europe. North America is estimated to grow at a fastest growth rate of 6.23% during the forecast period. Based on source, synthetic will hold over 65% of market share in 2017 as it is utilized the most in personal care products. Based on application, personal care held more than 28% of market share in 2016 as it is utilized the most in beauty products. Additionally consumer’s expenditure on beauty products has been increasing yearly in developed and developing regions. Globally, oil field and textile & dying will together hold around half of the market share in 2017. Increased demand for glycolic acid in textile industry as dyeing and tanning agent will further boost the market growth over the forecast period.

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Key Players:
Key players of the Global Glycolic Acid Market are The Chemours Company, Phibro chem, CrossChem LP, CABB Group, Sigma-Aldrich Corporation, Zhonglan Industry Co, Mehul Dye Chem Industries among others.

Key Points from Table of Contents:

10    Company Profile  

10.1       The Chemours Company
10.1.1    Overview
10.1.2    Product Overview
10.1.3    Financial Updates
10.1.4    Key Developments

10.2       Phibro Chem
10.2.1    Overview
10.2.2    Product/Business Segment Overview
10.2.3    Financial Updates
10.2.4    Key Developments   

10.3       CrossChem LP
10.3.1    Company Overview
10.3.2    Product/Business Segment Overview
10.3.3    Financial Updates
10.3.4    Key Developments   

10.4       CABB Group
10.4.1    Company Overview
10.4.2    Product/Business Segment Overview
10.4.3    Financial Updates
10.4.4    Key Developments   

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