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市场调查报告书
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1390651

乙醇酸市场:2023-2028 年全球产业趋势、份额、规模、成长、机会与预测

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个工作天内

价格

抽象的

2022年,全球乙醇酸市场规模达到4.259亿美元。展望未来, IMARC Group预计到2028年市场规模将达到6.428亿美元,2022-2028年复合年增长率(CAGR)为7.10%。对护肤品和抗衰老治疗的需求不断增长,对皮肤病治疗和美容手术的日益关注,以及化学行业广泛的研发(R&D)活动是推动市场的一些主要因素。

乙醇酸,又称羟基乙酸,是一种天然存在的有机化合物,化学式为C2H4O3。它是合成多种化合物的通用结构单元,并可作为生产各种酯、聚合物和衍生物的前驱物。它也被归类为 α-羟基酸 (AHA),极易溶于水,因此适合各种应用。因其分子尺寸小、渗透性好,在化妆品、医药、化学等领域有广泛的应用。

全球市场主要是由产品在农业中作为螯合剂和 pH 调节剂的快速利用所推动的。其中,废水处理产业越来越多地采用缓蚀剂和除垢剂产品,这为市场提供了动力。此外,消费者对清洁和永续美容产品的意识不断增强,也影响了市场。除此之外,人们对化学换肤和专业护肤疗程的好处的认识不断提高,也促进了医疗和美容领域的产品需求。全球范围内金属清洁和表面处理产品使用量的不断增长进一步推动了市场的发展。此外,政府在各行业中促进永续实践和使用环保化学品的倡议正在为市场创造积极的前景。

乙醇酸市场趋势/驱动因素:

对护肤品和抗衰老疗法的需求不断增长

由于消费者对护肤产品和抗衰老疗法的兴趣日益浓厚,市场需求大幅增长。随着人们努力保持年轻和健康的皮肤,对含有乙醇酸的产品的需求持续增长。它以其去角质和焕肤功效而闻名,使其成为各种护肤配方中广受欢迎的成分。它能够促进细胞更新、减少细纹和皱纹以及改善皮肤纹理,这使其广受欢迎。此外,人们对自我照顾和个人美容的日益重视,加上可支配收入的增加,进一步推动了市场的扩张。消费者愿意投资能够为他们的护肤需求提供有效解决方案的产品,这反过来又推动了市场的发展。

越来越关注皮肤科治疗和美容手术

医疗保健产业对先进皮肤病治疗和美容手术的日益关注是市场的重要推动力。随着人们对个人化医疗和微创技术的日益青睐,基于乙醇酸的产品和治疗方法的采用率越来越高。痤疮和色素沉着等皮肤病是普遍存在的问题,推动了製药业的产品需求。皮肤科医生和医疗保健专业人员越来越多地将乙醇酸纳入他们的治疗方案中,认识到它在解决各种皮肤问题方面的功效。此外,该产品在化学换肤等美容手术中的多功能性使其在寻求专业护肤疗程的个人中广受欢迎。越来越多的老年人口更容易受到老化相关问题和皮肤病问题的影响,这也是市场成长的重要诱导因素。

化学产业广泛的研究与发展 (R&D) 活动

该市场也受到化学行业广泛的研发(R&D)活动的​​推动。製造商正在投资创新和可持续的乙醇酸生产工艺,以满足不断增长的需求,同时最大限度地减少对环境的影响。市场正在见证减少碳足迹的环保生产方法和生物基衍生物的出现。这些发展符合产业对永续发展的承诺,并有助于市场的整体扩张。研究人员和科学家正在积极探索新的萃取技术、精炼製程和纯化方法,以提高生产效率和品质。透过投资研发,製造商旨在提高产品的可用性、可承受性和永续性,从而推动市场成长并满足不断变化的消费者需求。

乙醇酸产业细分:

IMARC Group提供了全球乙醇酸市场报告各细分市场主要趋势的分析,以及 2023-2028 年全球、区域和国家层面的预测。我们的报告根据来源、纯度等级和应用对市场进行了分类。

按来源划分:

合成的

自然的

合成材料主导市场

该报告根据来源提供了详细的市场细分和分析。这包括合成的和天然的。根据该报告,合成材料占最大的部分。

合成细分市场主要由其成本效益驱动,因为它通常比天然产品便宜。合成生产方法具有可扩展性,可提高大规模生产的效率,以满足市场需求。一致性是合成变体的另一个优点,因为它可以以一致的品质和纯度水平生产。

另一方面,随着消费者越来越喜欢有机成分,对天然产品不断增长的需求推动了全球对天然乙醇酸的需求。它源自于再生能源,被认为更环保,符合人们对永续发展的日益关注。此外,由于其有机来源,它通常被认为具有额外的健康益处。

按纯度等级划分:

99% 纯度

70% 纯度

60% 纯度

30% 纯度

其他的

99%纯度主导市场

该报告根据纯度水平提供了详细的市场细分和分析。这包括 99% 纯度、70% 纯度、60% 纯度、30% 纯度等。根据该报告,99% 的纯度代表了最大的部分。

製药和医疗应用等行业的高品质要求推动了最高纯度水平的产品需求。 99% 的纯度确保了此类应用中的产品功效和安全性。高纯度产品可实现配方精确,这对于某些行业至关重要。此外,与纯度较低的替代品相比,使用 99% 纯度变体的产品预计将提供更优异的结果。

另一方面,成本效率是选择 70% 纯度变体的关键考虑因素,因为它提供了性能和承受能力之间的平衡。有些配方可能需要特定的浓度,可以达到 70% 的纯度。广泛的适用性是另一个优势,因为 70% 纯度的变体可用于各种行业,包括个人护理、家居和纺织品。

除此之外,60% 纯度的变体提供了成本和有效性之间的平衡,使其适合寻求中间立场的行业。其多功能性可用于多种产品和配方,为製造商提供灵活性。此外,当产品需要稀释到特定浓度以用于某些应用时,通常会使用 30% 纯度的变体。它为寻求优化费用或降低乙醇酸浓度的行业提供了一种经济高效的选择。对乙醇酸浓度敏感性较低的产品可以受益于使用 30% 纯度的变体。

按应用划分:

个人护理和化妆品

家庭

纺织品

食品加工

药品

其他的

个人护理和化妆品占据最大市场份额

报告还提供了基于应用程式的详细市场细分和分析。这包括个人护理和化妆品、家居、纺织、食品加工、药品等。报告显示,个人护理和化妆品占据最大的市场份额。

推动个人护理和化妆品行业成长的主要因素包括因其去角质和焕肤功效而不断增长的产品需求。由于它能够减少细纹、皱纹和色素沉着,因此在抗衰老和亮肤配方中很受欢迎。其多功能性使其可以融入各种个人护理和化妆品中,例如清洁剂、爽肤水、精华液和去角质产品。

另一方面,其清洁和消毒特性使其适合用作家庭清洁产品。它可以有效溶解和去除污垢、污垢和矿物质沉积物。此外,它还可用于调节某些家用产品的 pH 值,从而提高其有效性。其用途广泛,包括厕所清洁剂、表面清洁剂及除垢剂。

除此之外,该产品在纺织工业中作为染色助剂和印花剂广泛应用,有助于固色并提高印花品质。它也用于织物整理过程中,以增强织物柔软度、改善上染率并提高织物的整体品质。纺织业对永续实践的日益重视推动了产品需求作为更环保的选择。

此外,产品可在各种食品加工应用中快速用作 pH 调节剂和酸度调节剂,包括水果和蔬菜加工以及乳製品。其浓郁或酸味可增强某些食品的风味。此外,它还具有抗菌特性,透过抑制微生物的生长,有助于延长某些食品的保质期。

此外,由于其去角质和再生特性,它被广泛用于皮肤病治疗,例如化学换肤和护肤产品。它在药物製剂中作为赋形剂或活性成分发挥作用,有助于药物传输、增强溶解度和稳定性。此外,它还可以促进胶原蛋白合成并去除死皮细胞,这使其可用于伤口癒合应用,包括敷料和局部治疗。

按地区划分:

北美洲

美国

加拿大

亚太

中国

日本

印度

韩国

澳洲

印尼

其他的

欧洲

德国

法国

英国

义大利

西班牙

俄罗斯

其他的

拉丁美洲

巴西

墨西哥

其他的

中东和非洲

北美表现出明显的主导地位,占据最大的市场份额

该报告还对所有主要区域市场进行了全面分析,其中包括北美(美国和加拿大);亚太地区(中国、日本、印度、韩国、澳洲、印尼等);欧洲(德国、法国、英国、义大利、西班牙、俄罗斯等);拉丁美洲(巴西、墨西哥等);以及中东和非洲。

北美化妆品、个人护理、製药和纺织品等众多最终用途行业的产品需求不断增长。与此一致的是,持续的技术进步和产品创新正在促进先进配方的开发。此外,人们越来越偏爱天然和有机产品,因此源自天然来源的乙醇酸正在为市场创造积极的前景。

此外,支持性监管环境的实施确保了乙醇酸类产品的安全性和合规性。此外,北美主要市场参与者的强大影响力及其对研究、生产和行销活动的投资正在对市场成长产生积极影响。

竞争格局:

市场上的顶尖企业透过投资以先进配方为重点的广泛研发 (R&D) 活动来专注于产品创新。主要公司也在扩大生产能力,以满足不断增长的需求并维持稳定的产品供应。他们还建立策略合作伙伴关係和收购,以建立分销网络并渗透到更广泛的地理区域。此外,知名企业也透过采用环保生产实践和推广可回收包装材料来优先考虑永续发展。此外,他们正在实施品质控制措施和认证,以维持高品质标准并确保符合监管要求。

该报告对市场竞争格局进行了全面分析。也提供了所有主要公司的详细资料。市场上的一些主要参与者包括:

狂热有机物

CABB集团有限公司

中国石油化学集团公司

克罗斯化学有限公司

梅胡尔染料化学工业公司

默克公司

帕赫姆精细和特种化学品

科慕公司

东京化成工业株式会社

沃特化学有限公司

中兰实业有限公司

最近的发展:

2023 年 6 月,CABB Group GmBH 科科拉工厂荣获大型公司类别中久负盛名的「化学工业安全奖」。该奖项表彰了该子公司在整个营运过程中保持高安全标准的承诺以及其安全措施的正面影响。

2021年7月,中国石化启动了中国首个百万吨级碳捕集、利用和封存(CCUS)计画-中石化齐鲁-胜利油田CCUS。这项开创性计画旨在将其打造成中国最大的全产业链CCUS示范基地。

2023年4月,CrossChem Limited宣布推出GlySmart,这是一种针对敏感肌肤的智慧释放乙醇酸复合物。 GlySmart 利用乙醇酸和精胺酸之间的偶极键来有效调节游离酸的释放,这有助于最大限度地减少刺激,特别是对于皮肤 pH 值稍高的个体。

本报告回答的关键问题:

  • 迄今为止,全球乙醇酸市场表现如何,未来几年将如何表现?
  • 全球乙醇酸市场的驱动因素、限制因素和机会是什么?
  • 每个驱动因素、限制因素和机会对全球乙醇酸市场有何影响?
  • 主要区域市场有哪些?
  • 哪些国家代表了最具吸引力的乙醇酸市场?
  • 依来源划分市场是怎么样的?
  • 乙醇酸市场上最具吸引力的来源是什么?
  • 根据纯度等级市场划分是怎样的?
  • 乙醇酸市场上哪个纯度等级最具吸引力?
  • 基于应用程式的市场区隔是什么?
  • 乙醇酸市场中最具吸引力的应用是什么?
  • 全球乙醇酸市场竞争格局如何?
  • 全球乙醇酸市场的主要参与者/公司有哪些?

本报告回答的关键问题:

  • 迄今为止,全球乙醇酸市场表现如何,未来几年将如何表现?
  • 全球乙醇酸市场的驱动因素、限制因素和机会是什么?
  • 每个驱动因素、限制因素和机会对全球乙醇酸市场有何影响?
  • 主要区域市场有哪些?
  • 哪些国家代表了最具吸引力的乙醇酸市场?
  • 依来源划分市场是怎么样的?
  • 乙醇酸市场上最具吸引力的来源是什么?
  • 根据纯度等级市场划分是怎样的?
  • 乙醇酸市场上哪个纯度等级最具吸引力?
  • 基于应用程式的市场区隔是什么?
  • 乙醇酸市场中最具吸引力的应用是什么?
  • 全球乙醇酸市场竞争格局如何?
  • 全球乙醇酸市场的主要参与者/公司有哪些?

目录

第一章:前言

第 2 章:范围与方法

  • 研究目的
  • 利害关係人
  • 资料来源
    • 主要资源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章:执行摘要

第 4 章:简介

  • 概述
  • 主要行业趋势

第 5 章:全球乙醇酸市场

  • 市场概况
  • 市场业绩
  • COVID-19 的影响
  • 市场预测

第 6 章:依来源分類的市场区隔

  • 合成的
    • 市场走向
    • 市场预测
  • 自然的
    • 市场走向
    • 市场预测

第 7 章:依纯度等级分類的市场

  • 99% 纯度
    • 市场走向
    • 市场预测
  • 70% 纯度
    • 市场走向
    • 市场预测
  • 60% 纯度
    • 市场走向
    • 市场预测
  • 30% 纯度
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 8 章:按应用分類的市场区隔

  • 个人护理和化妆品
    • 市场走向
    • 市场预测
  • 家庭
    • 市场走向
    • 市场预测
  • 纺织品
    • 市场走向
    • 市场预测
  • 食品加工
    • 市场走向
    • 市场预测
  • 药品
    • 市场走向
    • 市场预测
  • 其他的
    • 市场走向
    • 市场预测

第 9 章:按地区分類的市场区隔

  • 北美洲
    • 美国
      • 市场走向
      • 市场预测
    • 加拿大
      • 市场走向
      • 市场预测
  • 亚太
    • 中国
      • 市场走向
      • 市场预测
    • 日本
      • 市场走向
      • 市场预测
    • 印度
      • 市场走向
      • 市场预测
    • 韩国
      • 市场走向
      • 市场预测
    • 澳洲
      • 市场走向
      • 市场预测
    • 印尼
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 欧洲
    • 德国
      • 市场走向
      • 市场预测
    • 法国
      • 市场走向
      • 市场预测
    • 英国
      • 市场走向
      • 市场预测
    • 义大利
      • 市场走向
      • 市场预测
    • 西班牙
      • 市场走向
      • 市场预测
    • 俄罗斯
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 拉丁美洲
    • 巴西
      • 市场走向
      • 市场预测
    • 墨西哥
      • 市场走向
      • 市场预测
    • 其他的
      • 市场走向
      • 市场预测
  • 中东和非洲
    • 市场走向
    • 按国家/地区分類的市场细分
    • 市场预测

第 10 章:SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 11 章:价值链分析

第 12 章:波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 13 章:价格分析

第14章:竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • 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