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Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027

Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027

Glycolic acid is a non-toxic water-based solution derived either naturally or synthetically through sugarcane juice, beets, pineapple, milk, apples, and all kinds of citrus fruits or a catalyzed reaction of formaldehyde with synthesis gas, respectively. It can also be derived through other synthetic sources, for instance, monochloroacetic acid. It is highly recommended and preferred in the cosmetic industry and household cleaning applications. It is one of the most widely used alpha hydroxy acids (AHAs) in skincare products. It is available in different purities; the most commonly used purities are 99%, 70%, and 30%.

The global Glycolic Acid Market size is estimated at USD 327 million in 2022 and is projected to reach USD 450 million by 2027, at a CAGR of 6.6%, between 2022 and 2027. Growth in the glycolic acid market can primarily be attributed to the growing involvement of glycolic acid in the applications such as personal care & dermatology, industrial, and household among others.

A major driver for the glycolic acid market is its increasing demand in the cosmetic industry. The increasing demand for glycolic acid in biodegradable polymer application owing to its non-toxicity and outstanding degradability is acting as a major opportunity for glycolic acid manufacturers. However, skin damage caused by glycolic acid may act as a restraint to the market. The regulations imposed on glycolic acid usage in different end-use applications will have a negative impact on market growth.

“Technical Grade is the largest grade segment of the glycolic acid market”

The technical grade of glycolic acid is a colorless-to-light yellow liquid solution mainly used for manufacturing household, industrial, and electronics cleaners. It is available in a concentration of 70% for applications ranging from automotive oil additives, oil and water well-flow enhancers, and pH control products to chemical intermediates. It is also considered ideal to be used in emulsion polymers, solvents, and additive applications for ink and paint to improve their gloss structure and flow properties. The technical grade of glycolic acid is also highly used in oil & gas, building & construction, coatings, metal surface treatment, electronics manufacturing, polymer manufacturing, dairy processing, and other applications.

“Personal Care & Dermatology is the largest application of the glycolic acid market”

The personal care & dermatology application segment led the market in terms of both value and volume. Glycolic acid is used in chemical peels, moisturizers, shampoos, and other products. It helps treat and remove dead skin and helps the skin to revitalize and gain its lost moisture, owing to which it is highly preferred in anti-pollution care products nowadays. As the solution is naturally derived, it has no serious side effects, except skin irritation if it is not used with sunscreen creams. Other glycolic acid derivatives such as polyglycolic acid, ammonium glycolate, and sodium glycolate are often used in cosmetic applications. Cosmetic grade glycolic acid is generally used in a ratio of 2-4% with other moisturizing solutions in cosmetic products. The use of technical grade glycolic acid without purification is strictly not recommended owing to some residues such as iron in the solution.

“Asia Pacific is the largest market for glycolic acid market”

The Asia Pacific region is projected to be the largest market, in terms of value. Asia Pacific is also expected to grow at the highest CAGR during the forecast period. Increasing population, improving standards of living, increasing self-care awareness, and rising e-commerce activities have led to increased demand for cosmetic products in this region. China and India are high-growth markets for skincare, haircare, and makeup products, supported by the economic growth of these countries and increased consumer spending on cosmetic products.

The breakdown of primary interviews is given below:
•By Department: Sales/Export/Marketing – 60%, Production – 25%, and R&D –15%
•By Designation: Managers – 50%, CXOs – 30%, and Executives – 20%
•By Region: APAC – 42%, North America – 18%, Europe – 14%, Middle East & Africa – 22%, and South America – 4%
The key players in the glycolic acid market The Chemours Company (US), China Petrochemical Corporation (China), CABB Group GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Water Chemical Co., Ltd (China).

Research Coverage
The glycolic acid market has been segmented based on purity, grade, application, and region. This report covers the glycolic acid market and forecasts its market size until 2027. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the glycolic acid market. The report also provides insights into the drivers and restraints in the glycolic acid market along with opportunities and challenges. The report also includes profiles of top manufacturers in the glycolic acid market.

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 merger & acquisitions, new product developments, expansions, and collaborations.
Table of Contents

1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.3MARKET SCOPE27
FIGURE 1GLYCOLIC ACID MARKET SEGMENTATION27
1.3.1YEARS CONSIDERED28
1.3.2REGIONAL SCOPE28
1.4CURRENCY29
1.5UNIT CONSIDERED29
1.6STAKEHOLDERS29
1.7LIMITATIONS29
1.8SUMMARY OF CHANGES29
2RESEARCH METHODOLOGY31
2.1RESEARCH DATA31
FIGURE 2GLYCOLIC ACID MARKET: RESEARCH DESIGN31
2.1.1SECONDARY DATA32
2.1.1.1Key data from secondary sources32
2.1.2PRIMARY DATA33
2.1.2.1Key data from primary sources33
FIGURE 3LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF
PRIMARY INTERVIEWS33
2.2MARKET SIZE ESTIMATION34
FIGURE 4MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH34
FIGURE 5MARKET SIZE ESTIMATION: TOP-DOWN APPROACH34
FIGURE 6MARKET SIZE ESTIMATION: SUPPLY SIDE35
2.3DATA TRIANGULATION36
FIGURE 7GLYCOLIC ACID MARKET: DATA TRIANGULATION36
2.4RESEARCH ASSUMPTIONS37
2.5LIMITATIONS37
2.6GROWTH RATE ASSUMPTIONS/GROWTH FORECAST37
3EXECUTIVE SUMMARY38
FIGURE 8TECHNICAL GRADE TO BE LARGER MARKET DURING FORECAST PERIOD38
FIGURE 9PERSONAL CARE & DERMATOLOGY TO BE FASTEST-GROWING
APPLICATION SEGMENT39
FIGURE 10ASIA PACIFIC TO BE FASTEST-GROWING GLYCOLIC ACID MARKET
FROM 2022 TO 202739

4PREMIUM INSIGHTS41
4.1ASIA PACIFIC TO SHOW HIGHER GROWTH RATE DUE TO CONSTANT ECONOMIC DEVELOPMENT AND INCREASING END-USE APPLICATIONS41
FIGURE 11INCREASING DEMAND FROM PERSONAL CARE & COSMETICS INDUSTRY TO DRIVE DEMAND FOR GLYCOLIC ACID41
4.2GLYCOLIC ACID MARKET, BY GRADE41
FIGURE 12COSMETIC GRADE TO BE FASTER-GROWING SEGMENT41
4.3GLYCOLIC ACID MARKET, BY APPLICATION42
FIGURE 13PERSONAL CARE & DERMATOLOGY APPLICATION SEGMENT TO
LEAD GLYCOLIC ACID MARKET42
4.4GLYCOLIC ACID MARKET, BY REGION AND APPLICATION42
FIGURE 14ASIA PACIFIC AND PERSONAL CARE & DERMATOLOGY LED THEIR RESPECTIVE SEGMENTS IN GLYCOLIC ACID MARKET IN 202142
5MARKET OVERVIEW43
5.1INTRODUCTION43
5.2MARKET DYNAMICS43
FIGURE 15DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
GLYCOLIC ACID MARKET43
5.2.1DRIVERS44
5.2.1.1Growing demand for glycolic acid in cosmetics industry44
5.2.1.2Increasing glycolic acid consumption in varied applications44
5.2.2RESTRAINTS45
5.2.2.1Glycolic acid-based cosmetic products cause skin problems45
5.2.3OPPORTUNITIES45
5.2.3.1Growing demand for biodegradable polymers to increase glycolic acid consumption45
5.2.4CHALLENGES45
5.2.4.1Stringent regulations regarding usage of glycolic acid45
6INDUSTRY TRENDS46
6.1PORTER'S FIVE FORCES ANALYSIS46
FIGURE 16GLYCOLIC ACID MARKET: PORTER'S FIVE FORCES ANALYSIS46
TABLE 1GLYCOLIC ACID MARKET: PORTER'S FIVE FORCES ANALYSIS47
6.1.1BARGAINING POWER OF SUPPLIERS47
6.1.2THREAT OF NEW ENTRANTS47
6.1.3THREAT OF SUBSTITUTES48
6.1.4BARGAINING POWER OF BUYERS48
6.1.5INTENSITY OF COMPETITIVE RIVALRY48
6.2MACROECONOMIC INDICATORS49
6.3PERSONAL CARE SECTOR REVENUE49
TABLE 2TRENDS AND FORECAST OF PERSONAL CARE SECTOR REVENUE,
2017–2023 (USD MILLION)49

6.4SUPPLY CHAIN ANALYSIS50
FIGURE 17GLYCOLIC ACID, SUPPLY CHAIN50
6.4.1RAW MATERIAL MANUFACTURERS50
6.4.1.1Prominent companies50
6.4.1.2Small & medium-sized enterprises50
6.4.2APPLICATION INDUSTRIES51
6.5ECOSYSTEM MAPPING51
FIGURE 18GLYCOLIC ACID MARKET: ECOSYSTEM MAP51
6.6TECHNOLOGY ANALYSIS51
6.7CASE STUDY ANALYSIS52
6.8PRICING ANALYSIS52
TABLE 3AVERAGE PRICE OF GLYCOLIC ACID (USD/KG)52
6.9TRADE ANALYSIS53
TABLE 4IMPORT TRADE DATA FOR GLYCEROL, CRUDE; GLYCEROL WATERS
AND GLYCEROL IYES (USD MILLION)53
TABLE 5EXPORT TRADE DATA FOR GLYCEROL, CRUDE; GLYCEROL WATERS,
AND GLYCEROL IYES (USD MILLION)53
6.10TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS54
FIGURE 19GLYCOLIC ACID MARKET: TRENDS IMPACTING CUSTOMER'S BUSINESS54
6.11PATENT ANALYSIS54
6.11.1INTRODUCTION54
6.11.2METHODOLOGY55
6.11.3DOCUMENT TYPE55
TABLE 6TOTAL NUMBER OF PATENTS55
FIGURE 20TOTAL NUMBER OF PATENTS55
6.11.4PUBLICATION TRENDS - LAST 10 YEARS56
FIGURE 21NUMBER OF PATENTS YEAR-WISE, FROM 2011 TO 202156
6.11.5INSIGHTS56
6.11.6LEGAL STATUS OF PATENTS56
FIGURE 22PATENT ANALYSIS, BY LEGAL STATUS56
6.11.7JURISDICTION ANALYSIS57
FIGURE 23TOP JURISDICTION – BY DOCUMENT57
6.11.8TOP COMPANIES/APPLICANTS57
FIGURE 24TOP 10 COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS57
6.11.8.1List of patents58
TABLE 7LIST OF PATENTS BY KUREHA CORPORATION58
TABLE 8LIST OF PATENTS BY METABOLIC EXPLORER SA59
TABLE 9LIST OF PATENTS BY DUPONT59
6.11.8.2Top 10 patent owners (US) in last 10 years60
TABLE 10TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS60

6.12KEY CONFERENCES & EVENTS IN 2022–202360
TABLE 11GLYCOLIC ACID MARKET: DETAILED LIST OF CONFERENCES & EVENTS60
6.13TARIFF AND REGULATIONS: REGULATORY ANALYSIS61
6.13.1OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION (OSHA)
STANDARDS FOR CEMENT AND CONCRETE61
6.13.2EUROPEAN UNION STANDARDS FOR GLYCOLIC ACID62
6.13.3REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS62
TABLE 12LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS62
7GLYCOLIC ACID MARKET, BY PURITY64
7.1INTRODUCTION64
7.2GLYCOLIC ACID 99%64
7.2.1HUGE DEMAND FOR GLYCOLIC ACID 99% IN MEDICAL APPLICATION TO BOOST MARKET GROWTH64
7.3GLYCOLIC ACID 70%64
7.3.1INCREASING USE IN DERMATOLOGY AND INDUSTRIAL
CLEANING APPLICATIONS64
7.4GLYCOLIC ACID 30%64
7.4.1DEMAND FOR GLYCOLIC ACID 30% FOR SKIN PEEL
APPLICATION TO INCREASE64
7.5OTHERS65
7.5.1GLYCOLIC ACID 60%65
7.5.2GLYCOLIC ACID 57%65
8GLYCOLIC ACID MARKET, BY GRADE66
8.1INTRODUCTION67
FIGURE 25TECHNICAL GRADE TO LEAD GLYCOLIC ACID MARKET67
TABLE 13GLYCOLIC ACID MARKET SIZE, BY GRADE, 2016–2019 (USD MILLION)67
TABLE 14GLYCOLIC ACID MARKET SIZE, BY GRADE, 2016–2019 (KILOTON)67
TABLE 15GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)68
TABLE 16GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)68
8.2COSMETIC GRADE68
8.2.1DEMAND FOR SKINCARE CREAMS OWING TO ADVERSE CLIMATIC CONDITIONS AND GROWING OLD AGE POPULATION DRIVING SEGMENT68
8.3TECHNICAL GRADE69
8.3.1INCREASING CONSUMPTION OF GLYCOLIC ACID IN INDUSTRIAL CLEANING APPLICATION IS DRIVING SEGMENT69
9GLYCOLIC ACID MARKET, BY APPLICATION70
9.1INTRODUCTION71
FIGURE 26PERSONAL CARE & DERMATOLOGY APPLICATION TO LEAD
GLYCOLIC ACID MARKET71
TABLE 17GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)71
TABLE 18GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2016–2019 (KILOTON)72
TABLE 19GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)72
TABLE 20GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)72
9.2PERSONAL CARE & DERMATOLOGY73
9.2.1GROWING DEMAND FOR ANTI-AGING AND ANTI-POLLUTION PRODUCTS
TO DRIVE MARKET73
TABLE 21GLYCOLIC ACID MARKET SIZE IN PERSONAL CARE & DERMATOLOGY,
BY REGION, 2020–2027 (USD MILLION)73
TABLE 22GLYCOLIC ACID MARKET SIZE IN PERSONAL CARE & DERMATOLOGY,
BY REGION, 2020–2027 (KILOTON)74
9.3INDUSTRIAL74
9.3.1CONSUMPTION OF GLYCOLIC ACID INCREASING IN INDUSTRIAL
CLEANING APPLICATION74
TABLE 23GLYCOLIC ACID MARKET SIZE IN INDUSTRIAL, BY REGION,
2020–2027 (USD MILLION)74
TABLE 24GLYCOLIC ACID MARKET SIZE IN INDUSTRIAL, BY REGION,
2020–2027 (KILOTON)75
9.4HOUSEHOLD75
9.4.1DEMAND FOR EFFECTIVE AND EFFICIENT HOUSEHOLD CLEANERS
WITH ANTIMICROBIAL PROPERTIES DRIVING MARKET75
TABLE 25GLYCOLIC ACID MARKET SIZE IN HOUSEHOLD, BY REGION,
2020–2027 (USD MILLION)75
TABLE 26GLYCOLIC ACID MARKET SIZE IN HOUSEHOLD, BY REGION,
2020–2027 (KILOTON)76
9.5OTHERS76
9.5.1DYEING & TANNING76
9.5.2ADHESIVE76
9.5.3AGRICULTURE76
9.5.4MEDICAL76
9.5.5FOOD76
TABLE 27GLYCOLIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2020–2027 (USD MILLION)77
TABLE 28GLYCOLIC ACID MARKET SIZE IN OTHER APPLICATIONS, BY REGION,
2020–2027 (KILOTON)77
10GLYCOLIC ACID MARKET, BY REGION78
10.1INTRODUCTION79
FIGURE 27REGIONAL SNAPSHOT: ASIA PACIFIC TO BE FASTEST-GROWING MARKET79
TABLE 29GLYCOLIC ACID MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)79
TABLE 30GLYCOLIC ACID MARKET SIZE, BY REGION, 2020–2027 (KILOTON)80
10.2ASIA PACIFIC80
FIGURE 28ASIA PACIFIC: GLYCOLIC ACID MARKET SNAPSHOT81
TABLE 31ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (USD MILLION)82
TABLE 32ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (KILOTON)82
TABLE 33ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)82
TABLE 34ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)83
TABLE 35ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)83
TABLE 36ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)83
10.2.1CHINA84
10.2.1.1Significant government support and presence of strong manufacturing base to accelerate demand for glycolic acid84
TABLE 37CHINA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)84
TABLE 38CHINA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)84
TABLE 39CHINA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)85
TABLE 40CHINA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)85
10.2.2JAPAN85
10.2.2.1Presence of major cosmetic and manufacturing industries driving glycolic acid market85
TABLE 41JAPAN: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)86
TABLE 42JAPAN: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)86
TABLE 43JAPAN: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)86
TABLE 44JAPAN: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)86
10.2.3INDIA87
10.2.3.1Significantly growing economy to influence end-use industries of glycolic acid87
TABLE 45INDIA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)87
TABLE 46INDIA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)87
TABLE 47INDIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)88
TABLE 48INDIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)88
10.2.4SOUTH KOREA88
10.2.4.1Rising demand from industrial sectors to boost growth88
TABLE 49SOUTH KOREA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)89
TABLE 50SOUTH KOREA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)89
TABLE 51SOUTH KOREA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)89
TABLE 52SOUTH KOREA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)89

10.2.5THAILAND90
10.2.5.1Growing industrial and personal care industries will increase demand for glycolic acid90
TABLE 53THAILAND: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)90
TABLE 54THAILAND: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)90
TABLE 55THAILAND: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)90
TABLE 56THAILAND: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)91
10.2.6INDONESIA91
10.2.6.1Presence of major cosmetics and beauty products market significantly driving glycolic acid market91
TABLE 57INDONESIA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)91
TABLE 58INDONESIA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)91
TABLE 59INDONESIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)92
TABLE 60INDONESIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)92
10.2.7REST OF ASIA PACIFIC92
TABLE 61REST OF ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)92
TABLE 62REST OF ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)93
TABLE 63REST OF ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)93
TABLE 64REST OF ASIA PACIFIC: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)93
10.3NORTH AMERICA94
FIGURE 29NORTH AMERICA: GLYCOLIC ACID MARKET SNAPSHOT94
TABLE 65NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (USD MILLION)95
TABLE 66NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (KILOTON)95
TABLE 67NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)95
TABLE 68NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)95
TABLE 69NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)96
TABLE 70NORTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)96
10.3.1US96
10.3.1.1Technical grade accounts for larger share of overall market in US96
TABLE 71US: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)97
TABLE 72US: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)97
TABLE 73US: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)97
TABLE 74US: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)97
10.3.2CANADA98
10.3.2.1Personal care & dermatology is fastest-growing
application in Canada98
TABLE 75CANADA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)98
TABLE 76CANADA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)98
TABLE 77CANADA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)99
TABLE 78CANADA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)99
10.3.3MEXICO99
10.3.3.1Presence of prominent cosmetics industry to augment
demand for glycolic acid99
TABLE 79MEXICO: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)99
TABLE 80MEXICO: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)100
TABLE 81MEXICO: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)100
TABLE 82MEXICO: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)100
10.4EUROPE100
TABLE 83EUROPE: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (USD MILLION)101
TABLE 84EUROPE: GLYCOLIC ACID MARKET SIZE, BY COUNTRY, 2020–2027 (KILOTON)101
TABLE 85EUROPE: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)101
TABLE 86EUROPE: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)102
TABLE 87EUROPE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)102
TABLE 88EUROPE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)102
10.4.1GERMANY102
10.4.1.1Large cosmetic market will positively impact glycolic acid
market growth102
TABLE 89GERMANY: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)103
TABLE 90GERMANY: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)103
TABLE 91GERMANY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)103
TABLE 92GERMANY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)103
10.4.2ITALY104
10.4.2.1High consumption of glycolic acid witnessed in beauty & personal care and manufacturing industries104
TABLE 93ITALY: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)104
TABLE 94ITALY: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)104
TABLE 95ITALY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)104
TABLE 96ITALY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)105
10.4.3FRANCE105
10.4.3.1Personal care & dermatology is largest and fastest-growing application of glycolic acid105
TABLE 97FRANCE: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)105
TABLE 98FRANCE: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)105
TABLE 99FRANCE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)106
TABLE 100FRANCE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)106
10.4.4SPAIN106
10.4.4.1Growing beauty & personal care industry will drive
glycolic acid market106
TABLE 101SPAIN: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)106
TABLE 102SPAIN: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)107
TABLE 103SPAIN: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)107
TABLE 104SPAIN: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)107
10.4.5UK107
10.4.5.1Increasing awareness about skincare products will drive
glycolic acid market107
TABLE 105UK: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)108
TABLE 106UK: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)108
TABLE 107UK: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)108
TABLE 108UK: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)108
10.4.6RUSSIA109
10.4.6.1Russia witnessing strong demand for different skincare products109
TABLE 109RUSSIA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)109
TABLE 110RUSSIA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)109
TABLE 111RUSSIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)109
TABLE 112RUSSIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)110
10.4.7REST OF EUROPE110
TABLE 113REST OF EUROPE: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)110
TABLE 114REST OF EUROPE: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)110
TABLE 115REST OF EUROPE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)111
TABLE 116REST OF EUROPE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)111
10.5MIDDLE EAST & AFRICA111
TABLE 117MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (USD MILLION)112
TABLE 118MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (KILOTON)112
TABLE 119MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)112
TABLE 120MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)113
TABLE 121MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)113
TABLE 122MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)113
10.5.1SAUDI ARABIA114
10.5.1.1Saudi Arabia to lead glycolic acid market in the region114
TABLE 123SAUDI ARABIA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)114
TABLE 124SAUDI ARABIA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)114
TABLE 125SAUDI ARABIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)114
TABLE 126SAUDI ARABIA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)115
10.5.2UAE115
10.5.2.1Growing cosmetic & personal care sector will drive
glycolic acid market115
TABLE 127UAE: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)115
TABLE 128UAE: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)115
TABLE 129UAE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)116
TABLE 130UAE: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)116
10.5.3SOUTH AFRICA116
10.5.3.1Presence of personal care, industrial manufacturing, textile industries propelling market growth116
TABLE 131SOUTH AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)117
TABLE 132SOUTH AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)117
TABLE 133SOUTH AFRICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)117
TABLE 134SOUTH AFRICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)117
10.5.4TURKEY118
10.5.4.1Presence of strong industrial sector to increase demand for
glycolic acid118
TABLE 135TURKEY: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)118
TABLE 136TURKEY: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)118
TABLE 137TURKEY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)118
TABLE 138TURKEY: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)119
10.5.5REST OF MIDDLE EAST & AFRICA119
TABLE 139REST OF MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (USD MILLION)119
TABLE 140REST OF MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)119
TABLE 141REST OF MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE,
BY APPLICATION, 2020–2027 (USD MILLION)120
TABLE 142REST OF MIDDLE EAST & AFRICA: GLYCOLIC ACID MARKET SIZE,
BY APPLICATION, 2020–2027 (KILOTON)120
10.6SOUTH AMERICA120
TABLE 143SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (USD MILLION)121
TABLE 144SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY COUNTRY,
2020–2027 (KILOTON)121
TABLE 145SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)121
TABLE 146SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)121
TABLE 147SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)122
TABLE 148SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)122
10.6.1BRAZIL122
10.6.1.1Strong industrial sector significantly influencing market for
glycolic acid122
TABLE 149BRAZIL: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)122
TABLE 150BRAZIL: GLYCOLIC ACID MARKET SIZE, BY GRADE, 2020–2027 (KILOTON)123
TABLE 151BRAZIL: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)123
TABLE 152BRAZIL: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)123
10.6.2ARGENTINA123
10.6.2.1Strong manufacturing and industrial sectors to drive
glycolic acid market123
TABLE 153ARGENTINA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)124
TABLE 154ARGENTINA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)124
TABLE 155ARGENTINA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (USD MILLION)124
TABLE 156ARGENTINA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION,
2020–2027 (KILOTON)124
10.6.3REST OF SOUTH AMERICA125
TABLE 157REST OF SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (USD MILLION)125
TABLE 158REST OF SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY GRADE,
2020–2027 (KILOTON)125
TABLE 159REST OF SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (USD MILLION)125
TABLE 160REST OF SOUTH AMERICA: GLYCOLIC ACID MARKET SIZE, BY APPLICATION, 2020–2027 (KILOTON)126
11COMPETITIVE LANDSCAPE127
11.1INTRODUCTION127
11.2STRATEGIES ADOPTED BY KEY PLAYERS127
FIGURE 30NEW PRODUCT DEVELOPMENT AND EXPANSION STRATEGIES ADOPTED
BY GLYCOLIC ACID MANUFACTURERS127
11.3MARKET SHARE ANALYSIS128
11.3.1RANKING OF KEY MARKET PLAYERS128
FIGURE 31RANKING OF TOP FIVE PLAYERS IN GLYCOLIC ACID MARKET, 2021128
11.3.2MARKET SHARE OF KEY PLAYERS, 2021128
TABLE 161GLYCOLIC ACID MARKET: DEGREE OF COMPETITION129
FIGURE 32GLYCOLIC ACID MARKET SHARE, BY COMPANY (2021)129
11.3.2.1The Chemours Company130
11.3.2.2CABB Group GmbH130
11.3.2.3China Petrochemical Corporation130
11.3.2.4Water Chemical Co., Ltd130
11.3.2.5Zhonglan Industry Co., Ltd.131
11.4COMPANY EVALUATION QUADRANT (TIER 1)131
11.4.1STAR131
11.4.2PERVASIVE131
11.4.3EMERGING LEADERS131
11.4.4PARTICIPANTS131
FIGURE 33GLYCOLIC ACID MARKET: COMPANY EVALUATION QUADRANT, 2021132
11.5START-UP/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT132
11.5.1PROGRESSIVE COMPANIES132
11.5.2RESPONSIVE COMPANIES132
11.5.3STARTING BLOCKS133
11.5.4DYNAMIC COMPANIES133
FIGURE 34START-UP/SMES EVALUATION QUADRANT FOR GLYCOLIC ACID MARKET133
11.6COMPETITIVE BENCHMARKING134
TABLE 162GLYCOLIC ACID MARKET: DETAILED LIST OF KEY STARTUP/SMES134
TABLE 163GLYCOLIC ACID MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]135
11.7COMPETITIVE SITUATION AND TRENDS136
11.7.1DEALS136
TABLE 164GLYCOLIC ACID MARKET: DEALS (2019 TO 2021)136
11.7.2OTHER DEVELOPMENTS136
TABLE 165GLYCOLIC ACID MARKET: NEW PRODUCT LAUNCHES (2019 TO 2021)136
12COMPANY PROFILES137
12.1MAJOR PLAYERS137
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1.1THE CHEMOURS COMPANY137
TABLE 166THE CHEMOURS COMPANY: BUSINESS OVERVIEW137
FIGURE 35THE CHEMOURS COMPANY: COMPANY SNAPSHOT138
TABLE 167THE CHEMOURS COMPANY: NEW PRODUCT LAUNCH139
12.1.2CABB GROUP GMBH140
TABLE 168CABB GROUP GMBH: BUSINESS OVERVIEW140
12.1.3CHINA PETROCHEMICAL CORPORATION142
TABLE 169CHINA PETROCHEMICAL CORPORATION: BUSINESS OVERVIEW142
FIGURE 36CHINA PETROCHEMICAL CORPORATION: COMPANY SNAPSHOT142
12.1.4WATER CHEMICAL CO., LTD144
TABLE 170WATER CHEMICAL CO., LTD: BUSINESS OVERVIEW144
12.1.5ZHONGLAN INDUSTRY CO., LTD.145
TABLE 171ZHONGLAN INDUSTRY CO., LTD.: BUSINESS OVERVIEW145
12.1.6SHANDONG XINHUA PHARMACEUTICAL CO. LTD.147
TABLE 172SHANDONG XINHUA PHARMACEUTICAL CO. LTD.: BUSINESS OVERVIEW147
FIGURE 37SHANDONG XINHUA PHARMACEUTICAL CO. LTD.: COMPANY SNAPSHOT147
12.1.7PHIBRO ANIMAL HEALTH CORP.149
TABLE 173PHIBRO ANIMAL HEALTH CORP.: BUSINESS OVERVIEW149
FIGURE 38PHIBRO ANIMAL HEALTH CORP.: COMPANY SNAPSHOT150
12.1.8HEBEI CHENGXIN CO., LTD.151
TABLE 174HEBEI CHENGXIN CO., LTD.: BUSINESS OVERVIEW151
12.1.9HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.152
TABLE 175HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.: BUSINESS OVERVIEW152
TABLE 176HEFEI TNJ CHEMICAL INDUSTRY CO., LTD.: DEAL153
12.1.10AVID ORGANICS154
TABLE 177AVID ORGANICS: BUSINESS OVERVIEW154

12.2STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)155
12.2.1JIAXING JLIGHT CHEMICALS CO., LTD.155
TABLE 178JIAXING JLIGHT CHEMICALS CO., LTD: BUSINESS OVERVIEW155
12.2.2WUHAN BIOCAR BIO-PHARM CO., LTD.155
TABLE 179WUHAN BIOCAR BIO-PHARM CO., LTD.: BUSINESS OVERVIEW155
12.2.3XINJI CITY TAIDA SINOPEC CO., LTD.156
TABLE 180XINJI CITY TAIDA SINOPEC CO., LTD.: BUSINESS OVERVIEW156
12.2.4CROSSCHEM LP157
TABLE 181CROSSCHEM LP: BUSINESS OVERVIEW157
12.2.5SANCAIINDUSTRY158
TABLE 182SANCAIINDUSTRY: BUSINESS OVERVIEW158
12.2.6MEHUL DYE CHEM INDUSTRIES158
TABLE 183MEHUL DYE CHEM INDUSTRIES: BUSINESS OVERVIEW158
12.2.7SIDDHARTH CHLOROCHEM159
TABLE 184SIDDHARTH CHLOROCHEM: BUSINESS OVERVIEW159
12.2.8HANGZHOU LINGRUI CHEMICAL CO., LTD.159
TABLE 185HANGZHOU LINGRUI CHEMICAL CO., LTD.: BUSINESS OVERVIEW159
12.2.9CANGZHOU GOLDLION CHEMICALS CO., LTD160
TABLE 186CANGZHOU GOLDLION CHEMICALS CO., LTD: BUSINESS OVERVIEW160
12.2.10VELOCITY CHEMICALS LTD.160
TABLE 187VELOCITY CHEMICALS LTD.: BUSINESS OVERVIEW160
12.2.11ACTIZA PHARMACEUTICAL PVT. LTD.161
TABLE 188ACTIZA PHARMACEUTICAL PVT. LTD.: BUSINESS OVERVIEW161
12.2.12KUREHA CORPORATION161
TABLE 189KUREHA CORPORATION: BUSINESS OVERVIEW161
12.2.13MERCK KGAA162
TABLE 190MERCK KGAA: BUSINESS OVERVIEW162
12.2.14SAANVI CORP162
TABLE 191SAANVI CORP: BUSINESS OVERVIEW162
12.2.15SIMCOQC163
TABLE 192SIMCOQC: BUSINESS OVERVIEW163
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13APPENDIX164
13.1DISCUSSION GUIDE164
13.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL167
13.3AVAILABLE CUSTOMIZATIONS169
13.4RELATED REPORTS169
13.5AUTHOR DETAILS170

Report Title: Glycolic Acid Market by Grade (Cosmetic, Technical), Application (Personal Care & Dermatology, Industrial, Household) and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027


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