Hydroxyacetic Acid (Glycolic Acid) Market was valued at USD 0.68 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The global Hydroxyacetic Acid (Glycolic Acid) market was valued at approximately USD 2.1 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. This growth trajectory is driven by the increasing demand for glycolic acid in various applications, including cosmetics, pharmaceuticals, and industrial processes. The rising awareness of skin care and personal grooming has significantly boosted the demand for glycolic acid-based products, which are known for their exfoliating and anti-aging properties.
Emerging markets, particularly in Asia-Pacific, present substantial opportunities for market expansion. Countries such as India and China are experiencing rapid urbanization and increased disposable incomes, leading to higher consumption of skincare products that utilize glycolic acid. Additionally, the pharmaceutical industry’s focus on developing new therapeutic applications for glycolic acid further amplifies growth potential. The evolving consumer preferences and growing emphasis on anti-aging solutions contribute to the lucrative prospects within this sector.
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Chemours
CrossChem
Phibro
CABB
Water Chemical
Danhua Technology
Sinopec Yangzi Petrochemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hydroxyacetic Acid (Glycolic Acid) Market
Household & Institutional Cleaning
Personal Care
Others
Based on Types the Market is categorized into Below types that held the largest Hydroxyacetic Acid (Glycolic Acid) market share In 2023.
Glycolic Acid Solution
Glycolic Acid Solid
Hydroxyacetic Acid
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hydroxyacetic Acid (Glycolic Acid) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hydroxyacetic Acid (Glycolic Acid) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hydroxyacetic Acid (Glycolic Acid) Market, By Type
6. Global Hydroxyacetic Acid (Glycolic Acid) Market, By Application
7. Global Hydroxyacetic Acid (Glycolic Acid) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hydroxyacetic Acid (Glycolic Acid) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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