Market Overview:
The global glycolic acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Glycolic acid (C2H4O3) is an alpha hydroxy acid (AHA) derived from plants, such as grapes, sugar beets, and pineapple. It is colorless, odorless, soluble in water, non-volatile, and less flammable. It is widely used as an exfoliant in skincare products, such as cleansers, moisturizers, serums, and face masks, to fight acne, fade hyperpigmentation, remove dead skin cells, and increase the penetration of other ingredients. It is also utilized in leather tanning, fabric dyeing, printing, and textile and metal processing. Besides this, it finds application as an etching agent in oil well operations and a primary ingredient in household cleaning products.
Glycolic Acid Market Trends:
Glycolic acid is used in over-the-counter (OTC) products, such as lotions, sunscreens, and creams, to treat psoriasis, melasma, scarring, skin discoloration, fine lines, wrinkles, and seborrheic keratosis. Inflating income levels, the rising influence of social media, and increasing focus on physical appearances are escalating the demand for personal care products worldwide. This represents one of the key factors strengthening the market growth. Apart from this, glycolic acid is employed in the food and beverage (F&B) industry as a preservative, flavoring agent, and adhesive for packaging products. Due to rising environmental concerns, it is also gaining traction in the manufacturing of economic and biodegradable cleaning products for industrial and household applications. Moreover, the leading players are investing in research and development (R&D) activities to enhance product efficacy and effectiveness. This is anticipated to expand the application of glycolic acid in the production of biomedical devices, such as staples, sutures, implants, and meshes.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global glycolic acid market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on source, purity level and application.
Breakup by Source:
Breakup by Purity Level:
- 99% Purity
- 70% Purity
- 60% Purity
- 30% Purity
- Others
Breakup by Application:
- Personal Care and Cosmetics
- Household
- Textile
- Food Processing
- Pharmaceuticals
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avid Organics, CABB Group GmbH, China Petrochemical Corporation, CrossChem Limited, Mehul Dye Chem Industries, Merck KGaA, Parchem fine and specialty chemicals, The Chemours Company, Tokyo Chemical Industry Co. Ltd, Water Chemical Co. Ltd and Zhonglan Industry Co. Ltd.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Million |
| Segment Coverage |
Source, Purity Level, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Avid Organics, CABB Group GmbH, China Petrochemical Corporation, CrossChem Limited, Mehul Dye Chem Industries, Merck KGaA, Parchem fine and specialty chemicals, The Chemours Company, Tokyo Chemical Industry Co. Ltd, Water Chemical Co. Ltd and Zhonglan Industry Co. Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global glycolic acid market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global glycolic acid market?
- What are the key regional markets?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the purity level?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global glycolic acid market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Glycolic Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Synthetic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Natural
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Purity Level
7.1 99% Purity
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 70% Purity
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 60% Purity
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 30% Purity
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Personal Care and Cosmetics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Household
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Textile
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Food Processing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Pharmaceuticals
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Avid Organics
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 CABB Group GmbH
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 China Petrochemical Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 CrossChem Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Mehul Dye Chem Industries
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Merck KGaA
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Parchem fine and specialty chemicals
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 The Chemours Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Tokyo Chemical Industry Co. Ltd
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Water Chemical Co. Ltd
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Zhonglan Industry Co. Ltd
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Glycolic Acid Market: Major Drivers and Challenges
Figure 2: Global: Glycolic Acid Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Glycolic Acid Market: Breakup by Source (in %), 2020
Figure 5: Global: Glycolic Acid Market: Breakup by Purity Level (in %), 2020
Figure 6: Global: Glycolic Acid Market: Breakup by Application (in %), 2020
Figure 7: Global: Glycolic Acid Market: Breakup by Region (in %), 2020
Figure 8: Global: Glycolic Acid (Synthetic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Glycolic Acid (Synthetic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Glycolic Acid (Natural) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Glycolic Acid (Natural) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Glycolic Acid (99% Purity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Glycolic Acid (99% Purity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Glycolic Acid (70% Purity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Glycolic Acid (70% Purity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Glycolic Acid (60% Purity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Glycolic Acid (60% Purity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Glycolic Acid (30% Purity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Glycolic Acid (30% Purity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Glycolic Acid (Other Purity Levels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Glycolic Acid (Other Purity Levels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Glycolic Acid (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Glycolic Acid (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Glycolic Acid (Household) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Glycolic Acid (Household) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Glycolic Acid (Textile) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Glycolic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Glycolic Acid (Food Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Glycolic Acid (Food Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Glycolic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Glycolic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Glycolic Acid (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Glycolic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: United States: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: United States: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Canada: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Canada: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia-Pacific: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia-Pacific: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: China: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Germany: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: France: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: France: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United Kingdom: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United Kingdom: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Italy: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Italy: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Spain: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Spain: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Russia: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Russia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Latin America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Brazil: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Brazil: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Mexico: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Mexico: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Glycolic Acid Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Glycolic Acid Market: Breakup by Country (in %), 2020
Figure 82: Middle East and Africa: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Global: Glycolic Acid Industry: SWOT Analysis
Figure 84: Global: Glycolic Acid Industry: Value Chain Analysis
Figure 85: Global: Glycolic Acid Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Glycolic Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Glycolic Acid Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 3: Global: Glycolic Acid Market Forecast: Breakup by Purity Level (in Million US$), 2021-2026
Table 4: Global: Glycolic Acid Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Glycolic Acid Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Glycolic Acid Market: Competitive Structure
Table 7: Global: Glycolic Acid Market: Key Players