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1390651

乙醇酸市場:2023-2028 年全球產業趨勢、佔有率、規模、成長、機會與預測

Glycolic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

出版日期: | 出版商: IMARC | 英文 138 Pages | 商品交期: 2-3個工作天內

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概要

2022年,全球乙醇酸市場規模達到4.259億美元。展望未來, IMARC Group預計到2028年市場規模將達到6.428億美元,2022-2028年複合年成長率(CAGR)為7.10%。對護膚品和抗衰老治療的需求不斷成長,對皮膚病治療和美容手術的日益關注,以及化學行業廣泛的研發(R&D)活動是推動市場的一些主要因素。

乙醇酸,又稱羥基乙酸,是一種天然存在的有機化合物,化學式為C2H4O3。它是合成多種化合物的通用結構單元,並可作為生產各種酯、聚合物和衍生物的前驅物。它也被歸類為 α-羥基酸 (AHA),極易溶於水,因此適合各種應用。因其分子尺寸小、滲透性好,在化妝品、醫藥、化學等領域有廣泛的應用。

全球市場主要是由產品在農業中作為螯合劑和 pH 調節劑的快速利用所推動的。其中,廢水處理產業擴大採用緩蝕劑和除垢劑產品,這為市場提供了動力。此外,消費者對清潔和永續美容產品的意識不斷增強,也影響了市場。除此之外,人們對化學換膚和專業護膚療程的好處的認知不斷提高,也促進了醫療和美容領域的產品需求。全球範圍內金屬清潔和表面處理產品使用量的不斷成長進一步推動了市場的發展。此外,政府在各行業中促進永續實踐和使用環保化學品的舉措正在為市場創造積極的前景。

乙醇酸市場趨勢/促進因素:

對護膚品和抗衰老療法的需求不斷成長

由於消費者對護膚產品和抗衰老療法的興趣日益濃厚,市場需求大幅成長。隨著人們努力保持年輕和健康的皮膚,對含有乙醇酸的產品的需求持續成長。它以其去角質和煥膚功效而聞名,使其成為各種護膚配方中廣受歡迎的成分。它能夠促進細胞更新、減少細紋和皺紋以及改善皮膚紋理,這使其廣受歡迎。此外,人們對自我照顧和個人美容的日益重視,加上可支配收入的增加,進一步推動了市場的擴張。消費者願意投資能夠為他們的護膚需求提供有效解決方案的產品,這反過來又推動了市場的發展。

越來越關注皮膚科治療和美容手術

醫療保健產業對先進皮膚病治療和美容手術的日益關注是市場的重要推動力。隨著人們對個人化醫療和微創技術的日益青睞,基於乙醇酸的產品和治療方法的採用率越來越高。痤瘡和色素沉著等皮膚病是普遍存在的問題,推動了製藥業的產品需求。皮膚科醫生和醫療保健專業人員擴大將乙醇酸涵蓋他們的治療方案中,認知到它在解決各種皮膚問題方面的功效。此外,該產品在化學換膚等美容手術中的多功能性使其在尋求專業護膚療程的個人中廣受歡迎。越來越多的老年人口更容易受到老化相關問題和皮膚病問題的影響,這也是市場成長的重要誘導因素。

化學產業廣泛的研究與發展 (R&D) 活動

該市場也受到化學行業廣泛的研發(R&D)活動的​​推動。製造商正在投資創新和永續的乙醇酸生產流程,以滿足不斷成長的需求,同時最大限度地減少對環境的影響。市場正在見證減少碳足跡的環保生產方法和生物基衍生物的出現。這些發展符合產業對永續發展的承諾,並有助於市場的整體擴張。研究人員和科學家正在積極探索新的萃取技術、精煉製程和純化方法,以提高生產效率和品質。透過投資研發,製造商旨在提高產品的可用性、可承受性和永續性,從而推動市場成長並滿足不斷變化的消費者需求。

乙醇酸產業細分:

IMARC Group提供了全球乙醇酸市場報告各細分市場主要趨勢的分析,以及 2023-2028 年全球、區域和國家層面的預測。我們的報告根據來源、純度等級和應用對市場進行了分類。

按來源分類:

合成的

自然的

合成材料主導市場

該報告根據來源提供了詳細的市場細分和分析。這包括合成的和天然的。根據該報告,合成材料佔最大的部分。

合成細分市場主要由其成本效益驅動,因為它通常比天然產品便宜。合成生產方法具有可擴展性,可提高大規模生產的效率,以滿足市場需求。一致性是合成變體的另一個優點,因為它可以以一致的品質和純度水平生產。

另一方面,隨著消費者越來越喜歡有機成分,對天然產品不斷成長的需求推動了全球對天然乙醇酸的需求。它源自於再生能源,被認為更環保,符合人們對永續發展的日益關注。此外,由於其有機來源,它通常被認為具有額外的健康益處。

按純度等級分類:

99% 純度

70% 純度

60% 純度

30% 純度

其他

99%純度主導市場

該報告根據純度水平提供了詳細的市場細分和分析。這包括 99% 純度、70% 純度、60% 純度、30% 純度等。根據該報告,99% 的純度代表了最大的部分。

製藥和醫療應用等行業的高品質要求推動了最高純度水平的產品需求。 99% 的純度確保了此類應用中的產品功效和安全性。高純度產品可實現配方精確,這對於某些行業至關重要。此外,與純度較低的替代品相比,使用 99% 純度變體的產品預計將提供更優異的結果。

另一方面,成本效率是選擇 70% 純度變體的關鍵考慮因素,因為它提供了性能和承受能力之間的平衡。有些配方可能需要特定的濃度,可以達到 70% 的純度。廣泛的適用性是另一個優勢,因為 70% 純度的變體可用於各種行業,包括個人護理、家居和紡織品。

除此之外,60% 純度的變體提供了成本和有效性之間的平衡,使其適合尋求中間立場的行業。其多功能性可用於多種產品和配方,為製造商提供靈活性。此外,當產品需要稀釋到特定濃度以用於某些應用時,通常會使用 30% 純度的變體。它為尋求最佳化費用或降低乙醇酸濃度的行業提供了一種經濟高效的選擇。對乙醇酸濃度敏感性較低的產品可以受益於使用 30% 純度的變體。

按應用分類:

個人護理和化妝品

家庭

紡織品

食品加工

藥品

其他

個人護理和化妝品佔據最大市場佔有率

報告還提供了基於應用程式的詳細市場細分和分析。這包括個人護理和化妝品、家居、紡織、食品加工、藥品等。報告顯示,個人護理和化妝品佔據最大的市場佔有率。

推動個人護理和化妝品行業成長的主要因素包括因其去角質和煥膚功效而不斷成長的產品需求。由於它能夠減少細紋、皺紋和色素沉著,因此在抗衰老和亮膚配方中很受歡迎。其多功能性使其可以融入各種個人護理和化妝品中,例如清潔劑、爽膚水、精華液和去角質產品。

另一方面,其清潔和消毒特性使其適合用作家庭清潔產品。它可以有效溶解和去除污垢、污垢和礦物質沉積物。此外,它還可用於調節某些家用產品的 pH 值,從而提高其有效性。其用途廣泛,包括廁所清潔劑、表面清潔劑及除垢劑。

除此之外,該產品在紡織工業中作為染色助劑和印花劑廣泛應用,有助於固色並提高印花品質。它也用於織物整理過程中,以增強織物柔軟度、改善上染率並提高織物的整體品質。紡織業對永續實踐的日益重視推動了產品需求作為更環保的選擇。

此外,產品可在各種食品加工應用中快速用作 pH 調節劑和酸度調節劑,包括水果和蔬菜加工以及乳製品。其濃鬱或酸味可增強某些食品的風味。此外,它還具有抗菌特性,透過抑制微生物的生長,有助於延長某些食品的保存期限。

此外,由於其去角質和再生特性,它被廣泛用於皮膚病治療,例如化學換膚和護膚產品。它在藥物製劑中作為賦形劑或活性成分發揮作用,有助於藥物傳輸、增強溶解度和穩定性。此外,它還可以促進膠原蛋白合成並去除死皮細胞,這使其可用於傷口癒合應用,包括敷料和局部治療。

按地區分類:

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

北美表現出明顯的主導地位,佔據最大的市場佔有率

該報告還對所有主要區域市場進行了全面分析,其中包括北美(美國和加拿大);亞太地區(中國、日本、印度、韓國、澳洲、印尼等);歐洲(德國、法國、英國、義大利、西班牙、俄羅斯等);拉丁美洲(巴西、墨西哥等);以及中東和非洲。

北美化妝品、個人護理、製藥和紡織品等眾多最終用途行業的產品需求不斷成長。與此一致的是,持續的技術進步和產品創新正在促進先進配方的開發。此外,人們越來越偏愛天然和有機產品,因此源自天然來源的乙醇酸正在為市場創造積極的前景。

此外,支持性監管環境的實施確保了乙醇酸類產品的安全性和合規性。此外,北美主要市場參與者的強大影響力及其對研究、生產和行銷活動的投資正在對市場成長產生積極影響。

競爭格局:

市場上的頂尖企業透過投資以先進配方為重點的廣泛研發 (R&D) 活動來專注於產品創新。主要公司也在擴大生產能力,以滿足不斷成長的需求並維持穩定的產品供應。他們還建立策略合作夥伴關係和收購,以建立分銷網路並滲透到更廣泛的地理區域。此外,知名企業也透過採用環保生產實踐和推廣可回收包裝材料來優先考慮永續發展。此外,他們正在實施品質控制措施和認證,以維持高品質標準並確保符合監管要求。

該報告對市場競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。市場上的一些主要參與者包括:

狂熱有機物

CABBGroup Limited

中國石油化學集團公司

克羅斯化學有限公司

梅胡爾染料化學工業公司

默克公司

帕赫姆精細和特種化學品

科慕公司

東京化成工業株式會社

沃特化學有限公司

中蘭實業有限公司

最近的發展:

2023 年 6 月,CABB Group GmBH 科科拉工廠榮獲大型公司類別中久負盛名的「化學工業安全獎」。該獎項表彰了該子公司在整個營運過程中保持高安全標準的承諾以及其安全措施的正面影響。

2021年7月,中國石化啟動了中國首個百萬噸級碳捕集、利用和封存(CCUS)計畫-中石化齊魯-勝利油田CCUS。這項開創性計畫旨在將其打造成中國最大的全產業鏈CCUS示範基地。

2023年4月,CrossChem Limited宣布推出GlySmart,這是一種針對敏感肌膚的智慧釋放乙醇酸複合物。 GlySmart 利用乙醇酸和精胺酸之間的偶極鍵來有效調節遊離酸的釋放,這有助於最大限度地減少刺激,特別是對於皮膚 pH 值稍高的個體。

本報告回答的關鍵問題:

  • 迄今為止,全球乙醇酸市場表現如何,未來幾年將如何表現?
  • 全球乙醇酸市場的促進因素、限制因素和機會是什麼?
  • 每個促進因素、限制因素和機會對全球乙醇酸市場有何影響?
  • 主要區域市場有哪些?
  • 哪些國家代表了最具吸引力的乙醇酸市場?
  • 依來源分類市場是怎麼樣的?
  • 乙醇酸市場上最具吸引力的來源是什麼?
  • 根據純度等級市場分類是怎樣的?
  • 乙醇酸市場上哪個純度等級最具吸引力?
  • 基於應用程式的市場區隔是什麼?
  • 乙醇酸市場中最具吸引力的應用是什麼?
  • 全球乙醇酸市場競爭格局如何?
  • 全球乙醇酸市場的主要參與者/公司有哪些?

本報告回答的關鍵問題:

  • 迄今為止,全球乙醇酸市場表現如何,未來幾年將如何表現?
  • 全球乙醇酸市場的促進因素、限制因素和機會是什麼?
  • 每個促進因素、限制因素和機會對全球乙醇酸市場有何影響?
  • 主要區域市場有哪些?
  • 哪些國家代表了最具吸引力的乙醇酸市場?
  • 依來源分類市場是怎麼樣的?
  • 乙醇酸市場上最具吸引力的來源是什麼?
  • 根據純度等級市場分類是怎樣的?
  • 乙醇酸市場上哪個純度等級最具吸引力?
  • 基於應用程式的市場區隔是什麼?
  • 乙醇酸市場中最具吸引力的應用是什麼?
  • 全球乙醇酸市場競爭格局如何?
  • 全球乙醇酸市場的主要參與者/公司有哪些?

目錄

第 1 章:前言

第 2 章:範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章:執行摘要

第 4 章:簡介

  • 概述
  • 主要行業趨勢

第 5 章:全球乙醇酸市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章:依來源分類的市場區隔

  • 合成的
    • 市場走向
    • 市場預測
  • 自然的
    • 市場走向
    • 市場預測

第 7 章:依純度等級分類的市場

  • 99% 純度
    • 市場走向
    • 市場預測
  • 70% 純度
    • 市場走向
    • 市場預測
  • 60% 純度
    • 市場走向
    • 市場預測
  • 30% 純度
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 8 章:按應用分類的市場區隔

  • 個人護理和化妝品
    • 市場走向
    • 市場預測
  • 家庭
    • 市場走向
    • 市場預測
  • 紡織品
    • 市場走向
    • 市場預測
  • 食品加工
    • 市場走向
    • 市場預測
  • 藥品
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 9 章:按地區分類的市場區隔

  • 北美洲
    • 美國
      • 市場走向
      • 市場預測
    • 加拿大
      • 市場走向
      • 市場預測
  • 亞太
    • 中國
      • 市場走向
      • 市場預測
    • 日本
      • 市場走向
      • 市場預測
    • 印度
      • 市場走向
      • 市場預測
    • 韓國
      • 市場走向
      • 市場預測
    • 澳洲
      • 市場走向
      • 市場預測
    • 印尼
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 歐洲
    • 德國
      • 市場走向
      • 市場預測
    • 法國
      • 市場走向
      • 市場預測
    • 英國
      • 市場走向
      • 市場預測
    • 義大利
      • 市場走向
      • 市場預測
    • 西班牙
      • 市場走向
      • 市場預測
    • 俄羅斯
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 拉丁美洲
    • 巴西
      • 市場走向
      • 市場預測
    • 墨西哥
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 中東和非洲
    • 市場走向
    • 按國家/地區分類的市場細分
    • 市場預測

第 10 章:SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章:價值鏈分析

第 12 章:波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章:價格分析

第14章:競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • 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
    • Zhonglan Industry Co. Ltd
Product Code: SR112023A4464

Abstract

The global glycolic acid market size reached US$ 425.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 642.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.10% during 2022-2028. The growing demand for skincare products and anti-aging treatments, increasing focus on dermatological treatments and cosmetic procedures, and extensive research and development (R&D) activities in the chemical industry are some of the major factors propelling the market.

Glycolic acid, also known as hydroxyacetic acid, is a naturally occurring organic compound with the chemical formula C2H4O3. It serves as a versatile building block for the synthesis of numerous compounds and acts as a precursor for the production of various esters, polymers, and derivatives. It is also classified as an alpha-hydroxy acid (AHA) and is highly soluble in water, making it suitable for various applications. With its small molecular size and excellent permeability, it finds extensive applications in the cosmetic, pharmaceutical, and chemical industries.

The global market is primarily driven by the rapid product utilization as a chelating agent and pH regulator in the agriculture industry. In one with this, the growing product adoption as corrosion inhibitors and scale removers in wastewater treatment industry is providing an impetus to the market. Additionally, the market is influenced by the increasing awareness among consumers regarding clean and sustainable beauty products. In addition to this, the growing awareness of the benefits of chemical peels and professional skincare treatments contributes to the product demand in the medical and aesthetic sectors. The market is further fueled by the growing product usage in metal cleaning and surface treatment purposes on a global level. Furthermore, government initiatives promoting sustainable practices and the use of environmentally friendly chemicals in various industries are creating a positive outlook for the market.

Glycolic Acid Market Trends/Drivers:

Growing demand for skincare products and anti-aging treatments

The market is witnessing a considerable rise in demand due to the increasing consumer interest in skincare products and anti-aging treatments. As individuals strive to maintain youthful and healthy-looking skin, the demand for products containing glycolic acid continues to rise. It is known for its exfoliating and rejuvenating properties, making it a sought-after ingredient in various skincare formulations. Its ability to promote cell turnover, reduce fine lines and wrinkles, and improve skin texture has contributed to its popularity. Moreover, the growing emphasis on self-care and personal grooming, coupled with rising disposable incomes, further fuels the expansion of the market. Consumers are willing to invest in products that provide effective solutions for their skincare needs, which in turn is impelling the market.

Increasing focus on dermatological treatments and cosmetic procedures

An enhanced focus on advanced dermatological treatments and cosmetic procedures in the healthcare industry is a significant driver of the market. With the increasing preference for personalized medicine and minimally invasive techniques, glycolic acid-based products and treatments are experiencing heightened adoption. Skin disorders such as acne and hyperpigmentation are prevalent concerns, impelling the product demand in the pharmaceutical sector. Dermatologists and healthcare professionals are increasingly incorporating glycolic acid into their treatment regimens, recognizing its efficacy in addressing various skin concerns. Moreover, the versatility of the product in cosmetic procedures, such as chemical peels, has contributed to its popularity among individuals seeking professional skincare treatments. The growing geriatric population that is more susceptible to aging related issues and dermatological issues are also acting as a significant growth-inducing factor for the market.

Extensive Research and Development (R&D) activities in the chemical industry

The market is also driven by the extensive research and development (R&D) activities in the chemical industry. Manufacturers are investing in innovative and sustainable production processes for glycolic acid to meet the growing demand while minimizing environmental impact. The market is witnessing the emergence of eco-friendly production methods and bio-based derivatives that have a reduced carbon footprint. These developments align with the industry's commitment to sustainability and contribute to the overall expansion of the market. Researchers and scientists are actively exploring new extraction techniques, refining processes, and purification methods to enhance the production efficiency and quality. By investing in research and development, manufacturers aim to improve the product availability, affordability, and sustainability, thereby driving market growth and meeting evolving consumer demands.

Glycolic Acid Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global glycolic acid market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on source, purity level, and application.

Breakup by Source:

Synthetic

Natural

Synthetic dominates the market

The report has provided a detailed breakup and analysis of the market based on the source. This includes synthetic and natural. According to the report, synthetic represented the largest segment.

The synthetic segment is primarily driven by its cost-effectiveness, as it is often more affordable than its natural counterpart. Synthetic production methods offer scalability, which allows for more efficiency in large-scale production to meet market demands. Consistency is another advantage of the synthetic variant, as it can be produced with consistent quality and purity levels.

On the other hand, the growing demand for natural products drives the demand for natural glycolic acid on the global level as consumers increasingly prefer organic ingredients. It is derived from renewable sources and is considered more environmentally friendly, aligning with the growing focus on sustainability. Additionally, it is often perceived as having additional health benefits due to its organic origin.

Breakup by Purity Level:

99% Purity

70% Purity

60% Purity

30% Purity

Others

99% purity dominates the market

The report has provided a detailed breakup and analysis of the market based on the purity level. This includes 99% purity, 70% purity, 60% purity, 30% purity, and others. According to the report, 99% purity represented the largest segment.

High-quality requirements in industries such as pharmaceuticals and medical applications fuel the product demand with the highest purity levels. 99% purity ensures product efficacy and safety in such applications. Precision in formulation is achieved with highly pure product, making it essential for certain industries. Moreover, products using 99% purity variant are expected to deliver superior results compared to lower purity alternatives.

On the other hand, cost efficiency is a key consideration for opting for 70% purity variant, as it offers a balance between performance and affordability. Some formulations may require a specific concentration, which can be achieved with 70% purity. Broad applicability is another advantage, as 70% purity variant can be used in various industries, including personal care, household, and textiles.

Besides this, 60% purity variant provides a balance between cost and effectiveness, making it suitable for industries seeking a middle ground. Its versatility allows for utilization in a wide range of products and formulations, providing flexibility to manufacturers. Moreover, 30% purity variant is commonly used when the product needs to be diluted to a specific concentration for certain applications. It offers a cost-effective option for industries looking to optimize expenses or reduce the concentration of glycolic acid. Products with lower sensitivity to glycolic acid concentration can benefit from using 30% purity variant.

Breakup by Application:

Personal Care and Cosmetics

Household

Textile

Food Processing

Pharmaceuticals

Others

Personal Care and Cosmetics hold the largest share in the market

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes personal care and cosmetics, household, textile, food processing, pharmaceuticals, and others. According to the report, personal care and cosmetics accounted for the largest market share.

The main factors that are driving the growth of the personal care and cosmetics industry segment include the growing product demand due to its exfoliating and rejuvenating properties. It is popular in anti-aging and skin brightening formulations, thanks to its ability to reduce fine lines, wrinkles, and hyperpigmentation. Its versatility allows for its incorporation into various personal care and cosmetic products such as cleansers, toners, serums, and peels.

On the other hand, its cleaning and disinfecting properties make it suitable for household cleaning products. It can dissolve and remove dirt, grime, and mineral deposits effectively. Additionally, it can be used to adjust the pH levels of certain household products, enhancing their effectiveness. Its versatile applications include toilet cleaners, surface cleaners, and descaling agents.

In addition to this, the product finds widespread application as a dyeing assistant and printing agent in the textile industry, aiding in color fixation and improving printing quality. It is also utilized in fabric finishing processes to enhance fabric softness, improve dye uptake, and increase overall fabric quality. The growing emphasis on sustainable practices in the textile industry drives the product demand as a more environmentally friendly option.

Moreover, rapid product utilization as a pH adjuster and acidity regulator in various food processing applications, including fruit and vegetable processing and dairy products. Its tangy or sour taste can enhance flavors in certain food products. Moreover, it exhibits antimicrobial properties, contributing to the extension of the shelf life of certain food products by inhibiting the growth of microorganisms.

Furthermore, it is widely used in dermatological treatments such as chemical peels and skincare products due to its exfoliating and regenerative properties. It plays a role in drug formulation as an excipient or active ingredient, aiding in drug delivery, solubility enhancement, and stability. Additionally, it can promote collagen synthesis and remove dead skin cells, which makes it useful in wound healing applications, including dressings and topical treatments.

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

North America exhibits a clear dominance, accounting for the largest market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa.

North America is witnessing a growing product demand from numerous end-use industries such as cosmetics, personal care, pharmaceuticals, and textiles. In line with this, continual technological advancements and product innovations are contributing to the development of advanced formulations. Moreover, there is an increasing preference for natural and organic products, and therefore glycolic acid derived from natural sources is creating a positive outlook for the market.

Furthermore, the implementation of supportive regulatory environment ensures the safety and compliance of glycolic acid-based products. Additionally, the strong presence of key market players in North America and their investments in research, production, and marketing activities are positively influencing the market growth.

Competitive Landscape:

The top players in the market are focusing on product innovation by investing in extensive research and development (R&D) activities focusing on advanced formulations. The key companies are also expanding their production capacities to meet the increasing demand and maintain a consistent product supply. They are also entering into strategic partnerships and acquisitions to establish distribution networks and penetrate into a wider geographical area. Also, the prominent players are prioritizing sustainability by adopting eco-friendly production practices and promoting recyclable packaging materials. Furthermore, they are implementing in quality control measures and certifications for maintaining high-quality standards and ensuring compliance with regulatory requirements.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

Zhonglan Industry Co. Ltd

Recent Developments:

In June 2023, the Kokkola site of CABB Group GmBH was honored with the prestigious "Chemical Industry Safety Award" in the large company category. The award acknowledges the subsidiary's commitment to maintaining high standards of safety across its operations and the positive impact of its safety initiatives.

In July 2021, China Petrochemical Corporation (Sinopec) launched China's first megaton carbon capture, utilization, and storage (CCUS) project known as the Sinopec Qilu-Shengli Oilfield CCUS. This groundbreaking project aims to establish itself as the largest whole industrial chain CCUS demonstration base in China.

In April 2023, CrossChem Limited announced the launch of GlySmart, which is a smart release glycolic acid complex for sensitive skin. GlySmart utilizes the di-pole bond between glycolic acid and arginine to effectively regulate the release of free acid, which helps to minimize irritation, particularly for individuals with slightly higher skin pH levels.

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 are the drivers, restraints, and opportunities in the global glycolic acid market?
  • What is the impact of each driver, restraint, and opportunity on the global glycolic acid market?
  • What are the key regional markets?
  • Which countries represent the most attractive glycolic acid market?
  • What is the breakup of the market based on the source?
  • Which is the most attractive source in the glycolic acid market?
  • What is the breakup of the market based on the purity level?
  • Which is the most attractive purity level in the glycolic acid market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the glycolic acid market?
  • What is the competitive structure of the global glycolic acid market?
  • Who are the key players/companies in the global glycolic acid market?

Table of Contents

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$), 2017-2022
  • Figure 3: Global: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 4: Global: Glycolic Acid Market: Breakup by Source (in %), 2022
  • Figure 5: Global: Glycolic Acid Market: Breakup by Purity Level (in %), 2022
  • Figure 6: Global: Glycolic Acid Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Glycolic Acid Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Glycolic Acid (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Glycolic Acid (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Glycolic Acid (Natural) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Glycolic Acid (Natural) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Glycolic Acid (99% Purity) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Glycolic Acid (99% Purity) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Glycolic Acid (70% Purity) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Glycolic Acid (70% Purity) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Glycolic Acid (60% Purity) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Glycolic Acid (60% Purity) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Glycolic Acid (30% Purity) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Glycolic Acid (30% Purity) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Glycolic Acid (Other Purity Levels) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Glycolic Acid (Other Purity Levels) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Glycolic Acid (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Glycolic Acid (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Glycolic Acid (Household) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Glycolic Acid (Household) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Glycolic Acid (Textile) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Glycolic Acid (Textile) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Glycolic Acid (Food Processing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Glycolic Acid (Food Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Glycolic Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Glycolic Acid (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Global: Glycolic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Global: Glycolic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: North America: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: North America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: United States: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: United States: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Canada: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Canada: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: Asia-Pacific: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: Asia-Pacific: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: China: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: China: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Japan: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Japan: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: India: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: India: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: South Korea: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: South Korea: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Australia: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Australia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Indonesia: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Indonesia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Others: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Europe: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Europe: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Germany: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Germany: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: France: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: France: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: United Kingdom: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: United Kingdom: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Italy: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Italy: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Spain: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Spain: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Russia: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Russia: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Others: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Latin America: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Latin America: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Brazil: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Brazil: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Mexico: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Mexico: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Others: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Others: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 80: Middle East and Africa: Glycolic Acid Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 81: Middle East and Africa: Glycolic Acid Market: Breakup by Country (in %), 2022
  • Figure 82: Middle East and Africa: Glycolic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
  • 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, 2022 and 2028
  • Table 2: Global: Glycolic Acid Market Forecast: Breakup by Source (in Million US$), 2023-2028
  • Table 3: Global: Glycolic Acid Market Forecast: Breakup by Purity Level (in Million US$), 2023-2028
  • Table 4: Global: Glycolic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Glycolic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Glycolic Acid Market: Competitive Structure
  • Table 7: Global: Glycolic Acid Market: Key Players