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Glycolic Acid Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 148
  • SKU: IRTNTR43047
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The glycolic acid market share is expected to increase to USD 140.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.77%.

This glycolic acid market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers glycolic acid market segmentation by application (personal care and cosmetics, household cleaners, industrial, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The glycolic acid market report also offers information on several market vendors, including Acuro Organics Ltd, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem Ltd, DuPont de Nemours Inc., Glentham Life Sciences Ltd, Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Jlight Chemicals Co. Ltd., Kumar Industries, Kureha Corp., Mehul Dye Chem Industries, Merck KGaA, Phibro Animal Health Corp., RXChemicals, Saanvi Corp., Shandong Xinhua Pharmaceutical Co.Ltd, The Chemours Co., Univar Solutions Inc., Water Chemical Co. Ltd., and Zhonglan Industry Co. Ltd. among others.

What will the Glycolic Acid Market Size be During the Forecast Period?

Glycolic Acid Market Size

Download the Free Report Sample to Unlock the Glycolic Acid Market Size for the Forecast Period and Other Important Statistics

 

Glycolic Acid Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand from cosmetics industry is notably driving the glycolic acid market growth, although factors such as availability of inexpensive alternative products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glycolic acid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glycolic Acid Market Driver

One of the key factors driving the global glycolic acid industry growth is the growing demand from the cosmetics industry. Glycolic acid is largely used as an ingredient in major products such as skin care, nail care, hair care, and men s care products. An increase in demand from these applications is generating huge demand for glycolic acid in the personal care segment. Glycolic acid is used in chemical peels and anti-aging creams, lotions, and mask products. It offers many benefits to the skin, from rejuvenating to moisturizing. The global personal care industry is growing significantly owing to the availability of a variety of products, rise in the standard of living, rapid urbanization, rise in demand from APAC, Latin America, and Middle East countries, demographic changes, increase in exports from mature markets, and rise in disposable income. This will fuel the growth of the glycolic acid market during the forecast period.

Key Glycolic Acid Market Trend

The development of new applications for manufacturing shampoo for companion animals is one of the key glycolic acid market trends that is expected to impact the industry positively in the forecast period. The key market vendors have increased their R&D activities to explore new applications. One such application is the formulation of shampoo for companion animals. Glycolic acid is used in the formulation of shampoo for companion animals, such as dogs, cats, and horses. It offers moisture and restores dry and damaged skin cells, supports the natural skin barrier, helps in reducing scales and crusts, and relieves itching and irritation of the skin. An increase in animal population, higher pet adoption rate, rising animal health expenditure, shifting preference of pet owners toward premium products, and an increase in demand for dog shampoo are the major factors driving the market. Veterinary shampoos have wider scope in the consumption of glycolic acid in the future, which in turn, will boost the growth of the glycolic acid market.

Key Glycolic Acid Market Challenge

One of the key challenges to the global glycolic acid market growth is the availability of inexpensive alternative products. The high cost of glycolic acid has made end-users look for alternatives. Many alternatives, such as Jessner's trichloracetic acid, phenol, and salicylic acid, are available on the market. They are cost-effective, offer similar benefits as glycolic acid, and are more effective than glycolic acid. Among these alternatives, salicylic acid is preferred the most. In addition, lactic acid is some time is preferred over glycolic acid. The major difference between salicylic acid and glycolic acid is the oil solubility factor and deep penetration ability in the pore, which makes salicylic acid superior to glycolic acid. These superior properties and cost-effectiveness of alternatives have forced many end-users to prefer alternatives to glycolic acid. The increase in the use of alternatives in cosmetics is hampering the market growth of glycolic acid.

This glycolic acid market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global glycolic acid market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the glycolic acid market during the forecast period.

Who are the Major Glycolic Acid Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Acuro Organics Ltd
  • Avid Organics
  • CABB Group GmbH
  • China Petrochemical Corp.
  • CrossChem Ltd
  • DuPont de Nemours Inc.
  • Glentham Life Sciences Ltd
  • Hefei TNJ Chemical Industry Co. Ltd.
  • Jiaxing Jlight Chemicals Co. Ltd.
  • Kumar Industries
  • Kureha Corp.
  • Mehul Dye Chem Industries
  • Merck KGaA
  • Phibro Animal Health Corp.
  • RXChemicals
  • Saanvi Corp.
  • Shandong Xinhua Pharmaceutical Co.Ltd
  • The Chemours Co.
  • Univar Solutions Inc.
  • Water Chemical Co. Ltd.
  • Zhonglan Industry Co. Ltd.

 

This statistical study of the glycolic acid market encompasses successful business strategies deployed by the key vendors. The glycolic acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • CABB Group GmbH- The company offers glycolic acid.
  • Avid Organics - The company offers glycolic acid which is used for household and industrial cleaning, dairy cleaning, food cleaning, and transportation cleaning.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The glycolic acid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Glycolic Acid Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the glycolic acid market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Glycolic Acid Market?

Glycolic Acid Market Market segmentation by region

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35% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for glycolic acid in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The strong demand from the personal care and cosmetics, household cleaners, and industrial segments will facilitate the glycolic acid market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 negatively affected the demand for glycolic acid in the region, as numerous manufacturing units were closed. Manufacturing units were either closed or permitted to operate with a limited workforce, which resulted in a decline in production. However, almost all the countries in the region have lifted lockdown restrictions in Q3 and Q4 of 2020 and gradually started production operations in various industries. Furthermore, the rising demand for household cleaners, dairy and food equipment cleaners, and their use in the personal and cosmetic industry and wastewater treatment applications in the region will further drive the demand for glycolic acid in end-user industries during the forecast period.

What are the Revenue-generating Application Segments in the Glycolic Acid Market?

Glycolic Acid Market Segmentation

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The glycolic acid market share growth in the personal care and cosmetics segment will be significant during the forecast period. Glycolic acid is largely used in chemical peels, anti-aging creams, lotions, and mask products. It offers many benefits to the skin, from rejuvenating to moisturizing. The growth of the personal care industry would subsequently drive the growth of the glycolic acid market in the forecast years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the glycolic acid market size and actionable market insights on post COVID-19 impact on each segment.

 

Glycolic Acid Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.77%

Market growth 2022-2026

$ 140.26 million

Market structure

Fragmented

YoY growth (%)

7.42

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key consumer countries

US, Canada, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Acuro Organics Ltd, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem Ltd, DuPont de Nemours Inc., Glentham Life Sciences Ltd, Hefei TNJ Chemical Industry Co. Ltd., Jiaxing Jlight Chemicals Co. Ltd., Kumar Industries, Kureha Corp., Mehul Dye Chem Industries, Merck KGaA, Phibro Animal Health Corp., RXChemicals, Saanvi Corp., Shandong Xinhua Pharmaceutical Co.Ltd, The Chemours Co., Univar Solutions Inc., Water Chemical Co. Ltd., and Zhonglan Industry Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Glycolic Acid Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive glycolic acid market growth during the next five years
  • Precise estimation of the glycolic acid market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the glycolic acid industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of glycolic acid market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Personal care and cosmetics - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Personal care and cosmetics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Personal care and cosmetics - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Personal care and cosmetics - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Personal care and cosmetics - Year-over-year growth 2021-2026 (%)
    • 5.4 Household cleaners - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Household cleaners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Household cleaners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Household cleaners - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Household cleaners - Year-over-year growth 2021-2026 (%)
    • 5.5 Industrial - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Industrial - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Industrial - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Application
      • Exhibit 44: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Canada - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.13 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Avid Organics
              • Exhibit 101: Avid Organics - Overview
              • Exhibit 102: Avid Organics - Product / Service
              • Exhibit 103: Avid Organics - Key offerings
            • 10.4 CABB Group GmbH
              • Exhibit 104: CABB Group GmbH - Overview
              • Exhibit 105: CABB Group GmbH - Product / Service
              • Exhibit 106: CABB Group GmbH - Key offerings
            • 10.5 China Petrochemical Corp.
              • Exhibit 107: China Petrochemical Corp. - Overview
              • Exhibit 108: China Petrochemical Corp. - Business segments
              • Exhibit 109: China Petrochemical Corp. - Key offerings
              • Exhibit 110: China Petrochemical Corp. - Segment focus
            • 10.6 CrossChem Ltd
              • Exhibit 111: CrossChem Ltd - Overview
              • Exhibit 112: CrossChem Ltd - Product / Service
              • Exhibit 113: CrossChem Ltd - Key offerings
            • 10.7 Kureha Corp.
              • Exhibit 114: Kureha Corp. - Overview
              • Exhibit 115: Kureha Corp. - Business segments
              • Exhibit 116: Kureha Corp. - Key offerings
              • Exhibit 117: Kureha Corp. - Segment focus
            • 10.8 Merck KGaA
              • Exhibit 118: Merck KGaA - Overview
              • Exhibit 119: Merck KGaA - Business segments
              • Exhibit 120: Merck KGaA - Key news
              • Exhibit 121: Merck KGaA - Key offerings
              • Exhibit 122: Merck KGaA - Segment focus
            • 10.9 Phibro Animal Health Corp.
              • Exhibit 123: Phibro Animal Health Corp. - Overview
              • Exhibit 124: Phibro Animal Health Corp. - Business segments
              • Exhibit 125: Phibro Animal Health Corp. - Key offerings
              • Exhibit 126: Phibro Animal Health Corp. - Segment focus
            • 10.10 Saanvi Corp.
              • Exhibit 127: Saanvi Corp. - Overview
              • Exhibit 128: Saanvi Corp. - Product / Service
              • Exhibit 129: Saanvi Corp. - Key offerings
            • 10.11 The Chemours Co.
              • Exhibit 130: The Chemours Co. - Overview
              • Exhibit 131: The Chemours Co. - Business segments
              • Exhibit 132: The Chemours Co. - Key news
              • Exhibit 133: The Chemours Co. - Key offerings
              • Exhibit 134: The Chemours Co. - Segment focus
            • 10.12 Zhonglan Industry Co. Ltd.
              • Exhibit 135: Zhonglan Industry Co. Ltd. - Overview
              • Exhibit 136: Zhonglan Industry Co. Ltd. - Product / Service
              • Exhibit 137: Zhonglan Industry Co. Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 11.5 List of abbreviations
                • Exhibit 144: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Glycolic Acid Market market growth will increase by $194.72 million during 2020-2024.
              The glycolic acid market market is expected to grow at a CAGR of 12.12% during 2020-2024.
              Technavio has segmented the glycolic acid market market by application (Personal care and cosmetics, Household cleaners, Industrial, Others, Personal care and cosmetics, Household cleaners, Industrial, Others, and Middle East and Africa) and geographic (North America, Europe, APAC, and South America).
              CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., Velocity Chemicals Ltd., Zhonglan Industry Co. Ltd. are a few of the key vendors in the glycolic acid market market.
              Europe will register the highest growth rate of 32.76% among the other regions. Therefore, the glycolic acid market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the glycolic acid market market growth are:
              • Growing demand from cosmetics industry
              • Development of new applications to manufacture shampoo for companion animals
              The glycolic acid market market vendors should focus on grabbing business opportunities from the personal care and cosmetics segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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