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Press Release:

Global Glycolic Acid Market to Reach US$ 599 Million by 2027, Supported by the Increasing Product Application in OTC Products

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Glycolic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global glycolic acid market reached a value of US$ 398 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 599 Million by 2027, exhibiting a CAGR of 7.28% during 2022-2027. 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 indusrties. 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 2022-2027. Our report has categorized the market based on source, purity level and application.

Breakup by Source:

  • Synthetic
  • Natural
     

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
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
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$), 2016-2021
Figure 3: Global: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Glycolic Acid Market: Breakup by Source (in %), 2021
Figure 5: Global: Glycolic Acid Market: Breakup by Purity Level (in %), 2021
Figure 6: Global: Glycolic Acid Market: Breakup by Application (in %), 2021
Figure 7: Global: Glycolic Acid Market: Breakup by Region (in %), 2021
Figure 8: Global: Glycolic Acid (Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Glycolic Acid (Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Glycolic Acid (Natural) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Glycolic Acid (Natural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Glycolic Acid (99% Purity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Glycolic Acid (99% Purity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Glycolic Acid (70% Purity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Glycolic Acid (70% Purity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Glycolic Acid (60% Purity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Glycolic Acid (60% Purity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Glycolic Acid (30% Purity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Glycolic Acid (30% Purity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Glycolic Acid (Other Purity Levels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Glycolic Acid (Other Purity Levels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Glycolic Acid (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Glycolic Acid (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Glycolic Acid (Household) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Glycolic Acid (Household) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Glycolic Acid (Textile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Glycolic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Glycolic Acid (Food Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Glycolic Acid (Food Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Glycolic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Glycolic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Glycolic Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Glycolic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Glycolic Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Glycolic Acid Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Glycolic Acid Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Glycolic Acid Market Forecast: Breakup by Purity Level (in Million US$), 2022-2027
Table 4: Global: Glycolic Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Glycolic Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Glycolic Acid Market: Competitive Structure
Table 7: Global: Glycolic Acid Market: Key Players


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