Glycolic Acid Market by Grade Application and Region - Global Forecast to 2024c

Japan, Japan, Tue, 20 Jul 2021 04:21:55 / Comserve Inc. / -- "The growth in glycolic acid demand is majorly driven by its increasing consumption in the cosmetics and personal care industry, particularly in the anti-aging and anti-pollution skincare segment."

"The growth in glycolic acid demand is majorly driven by its increasing consumption in the cosmetics and personal care industry, particularly in the anti-aging and anti-pollution skincare segment."
The glycolic acid market size is estimated to be USD 280 million in 2019 and is projected to reach USD 395 million by 2024, at a CAGR of 7.2%. The rapidly developing and growing demand for glycolic acid in the cosmetics industry, specifically as a preferred ingredient in anti-aging, anti-pollution, and over the counter skincare products is expected to drive the market demand for glycolic acid during the forecast period. In addition, the considerable consumption of glycolic acid as a keratolytic agent for the treatment of dermatological diseases will further contribute to driving its market demand.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Glycolic Acid Market by Grade Application and Region - Global Forecast to 2024)

Cosmetic is the fastest-growing grade of the glycolic acid market globally during the forecast period. The huge preference of cosmetic grade glycolic acid in personal care and cosmetics products owing its unmatched ability to treat skin problems including fine lines, irregular pigmentation, age spots, and enlarged pores along with unique advantages in hair care with the proven benefits of hair moisturization, softness, strength and others are expected to drive the cosmetic grade glycolic acid demand in future.

"Personal care & dermatology is the largest application of glycolic acid."
Personal care & dermatology is the most extensive application of glycolic acid. The increasing demand for glycolic acid-based night peeling concentration, sleep-in mask, acne face & body scrub, and others products along with rising per capita spending and growing beauty needs with the increase in the standard of living are some of the factors expected to drive the glycolic acid demand in personal care & dermatology application.

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Glycolic Acid Market by Grade Application and Region - Global Forecast to 2024)

APAC is projected to register the highest growth rate during the forecast period owing to the presence of major glycolic acid markets such as China and Japan as well as emerging economies such as India, South Korea, Thailand, and Indonesia. The region is expected to witness substantial demand for glycolic acid during the forecasted period owing to the robust growth and development witnessed in the sectors such as cosmetics and personal care, manufacturing, healthcare, industrial and others. Further, the development of the country's economy, trade, and FDI along with minimal rules and regulatory standards governing the business operations makes the region a highly attractive market for different end-use industries of glycolic acid thus boosting the market demand.

The breakdown of primary interviews is given below:
• By Company Type: Tier 1 – 60%, Tier 2 – 20%, and Tier 3 – 20%
• By Designation: C-Level Executives – 9%, Director-Level – 27%, and Others – 64%
• By Region: North America – 20%, Europe – 20%, APAC – 40%, South America – 10%, and MEA – 10%
The key companies profiled in this report on the glycolic acid market include The Chemours Company (US), China Petrochemical Corporation (China), CABB Group (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China), Xinhua Pharm (China), Phibro Animal Health Corporation (US), Avid Organics (India), Hebei Chengxin Co., Ltd. (China), Hefei TNJ Chemical Industry Co., Ltd. (China).

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the glycolic acid market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the glycolic acid market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the glycolic acid market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product development and expansions.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 GLYCOLIC ACID SEGMENTATION 16
1.3.2 REGIONS COVERED 16
1.3.3 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.2 BASE NUMBER CALCULATION 18
2.2.1 SUPPLY-SIDE APPROACH 18
2.2.2 DEMAND-SIDE APPROACH 18
2.3 MARKET SIZE ESTIMATION 19
2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 19
2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 19
2.4 PRIMARY DATA 20
2.4.1 KEY DATA FROM PRIMARY SOURCES 20
2.4.2 BREAKDOWN OF PRIMARY INTERVIEWS 20
2.5 ASSUMPTIONS 21

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

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