グリコール酸市場：世界の産業動向、シェア、規模、成長、機会、2023-2028年予測

概要

世界のグリコール酸市場規模は2022年に4億2,590万米ドルに達しました。今後、IMARC Groupは、市場は2028年までに6億4,280万米ドルに達し、2022年から2028年の間に7.10%の成長率（CAGR）を示すと予測しています。スキンケア製品やアンチエイジング治療に対する需要の高まり、皮膚科治療や美容施術への注目の高まり、化学産業における広範な研究開発（R&D）活動が、市場を推進している主な要因の一部です。

ヒドロキシ酢酸としても知られるグリコール酸は、化学式C2H4O3で表される天然由来の有機化合物です。数多くの化合物を合成するための汎用性の高い構成要素として機能し、様々なエステル、ポリマー、誘導体の製造の前駆体として作用します。また、α-ヒドロキシ酸（AHA）に分類され、水に非常に溶けやすいため、様々な用途に適しています。分子サイズが小さく浸透性に優れているため、化粧品、製薬、化学産業など幅広い用途があります。

世界市場は主に、農業産業におけるキレート剤やpH調整剤としての急速な製品利用によって牽引されています。また、廃水処理産業における腐食防止剤やスケール除去剤としての製品採用が増加していることも、市場に弾みをつけています。さらに、清潔で持続可能な美容製品に対する消費者の意識の高まりも市場に影響を与えています。これに加えて、ケミカルピーリングや専門的なスキンケアトリートメントの利点に対する意識の高まりも、医療＆美容分野での製品需要に寄与しています。さらに、金属洗浄や表面処理目的での製品利用が世界レベルで拡大していることも、市場を後押ししています。さらに、持続可能な実践と様々な産業における環境に優しい化学物質の使用を促進する政府の取り組みが、市場に明るい見通しを生み出しています。

グリコール酸市場の動向と促進要因：

スキンケア製品とアンチエイジング治療に対する需要の高まり

市場は、スキンケア製品やアンチエイジング治療に対する消費者の関心の高まりにより、需要が大幅に増加しています。個人が若々しく健康的な肌を維持しようと努力する中、グリコール酸を含む製品に対する需要は増加の一途をたどっています。グリコール酸は、その剥離作用と若返り作用で知られ、様々なスキンケア製剤で引っ張りだこの成分となっています。細胞のターンオーバーを促進し、小じわを減らし、肌の質感を改善するその能力は、人気の一因となっています。さらに、可処分所得の増加と相まって、セルフケアや身だしなみを重視する傾向が強まっていることも、市場の拡大をさらに後押ししています。消費者は、スキンケアのニーズに効果的なソリューションを提供する製品に投資することを望んでおり、これが市場を刺激しています。

皮膚科学的治療と美容施術への注目の高まり

ヘルスケア業界における先進的な皮膚科治療や美容施術への注目の高まりは、市場の重要な促進要因です。個別化医療や低侵襲技術への嗜好が高まる中、グリコール酸をベースとした製品や治療法の採用が加速しています。にきびや色素沈着などの皮膚疾患は一般的な懸念事項であり、医薬品分野における製品需要を後押ししています。皮膚科医やヘルスケア専門家は、様々な肌の悩みに対処するグリコール酸の有効性を認識し、治療レジメンにグリコール酸を取り入れる傾向が強まっています。さらに、ケミカルピーリングのような美容施術におけるこの製品の多用途性が、専門的なスキンケアトリートメントを求める個人の間での人気に貢献しています。加齢に関連した問題や皮膚科的な問題を抱えやすい老年人口の増加も、市場の重要な成長促進要因として作用しています。

化学産業における広範な研究開発活動

市場は、化学産業における広範な研究開発（R&D）活動によっても牽引されています。製造業者は、環境への影響を最小限に抑えながら需要の増加に対応するため、グリコール酸の革新的で持続可能な生産プロセスに投資しています。同市場では、環境に優しい生産方法や、二酸化炭素排出量を削減できるバイオベースの誘導体の出現を目の当たりにしています。こうした新興国市場の開拓は、業界の持続可能性へのコミットメントと合致し、市場全体の拡大に貢献しています。研究者や科学者は、生産効率と品質を高めるために、新しい抽出技術、精製プロセス、精製方法を積極的に模索しています。研究開発に投資することで、メーカー各社は製品の入手しやすさ、手頃な価格、持続可能性の向上を目指し、それによって市場の成長を促進し、進化する消費者の需要に応えています。

本レポートで扱う主な質問

• グリコール酸の世界市場はこれまでどのように推移してきたか？
• 世界のグリコール酸市場における促進要因、抑制要因、機会は何か？
• それぞれの促進要因、抑制要因、機会が世界のグリコール酸市場に与える影響は？
• 主要な地域市場は？
• 最も魅力的なグリコール酸市場はどの国か？
• 由来別市場内訳は？
• グリコール酸市場で最も魅力的な供給源は？
• 純度レベルに基づく市場内訳は？
• グリコール酸市場で最も魅力的な純度レベルは？
• 用途別の市場内訳は？
• グリコール酸市場で最も魅力的な用途は？
• 世界のグリコール酸市場の競争構造は？
• 世界のグリコール酸市場における主要プレーヤー/企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 グリコール酸の世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：由来別

• 合成
  • 市場動向
  • 市場予測
• 天然
  • 市場動向
  • 市場予測

第7章 市場内訳：純度別

• 純度99%
  • 市場動向
  • 市場予測
• 純度70%
  • 市場動向
  • 市場予測
• 純度60%
  • 市場動向
  • 市場予測
• 純度30%
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第8章 市場内訳：用途別

• パーソナルケアと化粧品
  • 市場動向
  • 市場予測
• 家庭用
  • 市場動向
  • 市場予測
• テキスタイル
  • 市場動向
  • 市場予測
• 食品加工
  • 市場動向
  • 市場予測
• 医薬品
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第9章 市場内訳：地域別

• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ドイツ
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • イタリア
    • 市場動向
    • 市場予測
  • スペイン
    • 市場動向
    • 市場予測
  • ロシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 中東・アフリカ地域
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • 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

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

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