Hydroxyacetic Acid (Glycolic Acid) Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.4 Billion by 2033, exhibiting a CAGR of 8.5% from 2026 to 2033.
The global Hydroxyacetic Acid (Glycolic Acid) Market was valued at USD 2.12 billion in 2022 and is expected to grow at a CAGR of 7.5% from 2023 to 2030. The increasing demand for glycolic acid across industries such as cosmetics, pharmaceuticals, and food & beverages is driving the markets growth. The cosmetic industry, in particular, has been a key contributor to the market due to the rising demand for anti aging and exfoliating products. In addition, the growing adoption of glycolic acid for chemical peels and its effectiveness in treating skin conditions like acne and hyperpigmentation is further fueling the market. The market is projected to reach USD 4.19 billion by 2030, with a significant rise in demand for glycolic acid based products in emerging regions.
Regionally, North America holds the largest market share in the Hydroxyacetic Acid (Glycolic Acid) Market, accounting for 40% of the global market in 2022. The region is anticipated to maintain its dominance due to the high demand for cosmetic products and a strong presence of established pharmaceutical companies. Europe follows closely, driven by the increasing use of glycolic acid in personal care products and its potential in the medical sector. The Asia Pacific region is expected to witness the highest growth rate over the forecast period, with a CAGR of 8.2%, due to the expanding cosmetic industry in countries like China and India, along with a growing middle class population. The Latin America and Middle East & Africa markets are also experiencing steady growth, primarily due to rising awareness of skincare benefits and the use of glycolic acid in dermatological treatments.
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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. 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
Cosmetics
Pharmaceuticals
Food Industry
Textile Industry
Chemical Industry
Liquid Glycolic Acid
Powdered Glycolic Acid
Glycolic Acid Creams
Glycolic Acid Peels
Healthcare Providers
Beauty and Spa Centers
Pharmaceutical Companies
Food Manufacturers
Textile Producers
Synthetic Hydroxyacetic Acid
Bio-based Hydroxyacetic Acid
Low Concentration (0.5% - 10%)
Medium Concentration (10% - 30%)
High Concentration (30% - 70%)
US (United States, US 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
US
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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