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Glycolic Acid Market Size, Share, & Trends Analysis Report By Application (Personal Care, Household, Industrial, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2023 - 2030

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    Report

  • 75 Pages
  • September 2023
  • Region: Global
  • Grand View Research
  • ID: 5893254
The global glycolic acid market size is expected to reach USD 565.3 million by 2030, registering a CAGR of 9.1% from 2023 to 2030. Growing use of the product in various applications including personal care and household is expected to drive demand. The product is extensively used in the manufacturing of cleaning agent formulations as well as skin care creams, thus promoting its growth.

Personal care application is expected to be valued at over USD 96.0 million in 2015 driven by increasing use of the product in cosmeceutical preparations such as skin creams, lotions for treatment of blackheads, acne face lines and the treatment of oiliness. In addition, the demand for glycolic acid based skin peels for face cleansing is expected to bolster the demand over the forecast period.

Growing use of the product in shampoo formulations for treatment of dandruff and hair conditioning is expected to augment demand over the projected period. However, availability of alternate products such as salicylic acid coupled with stringent regulations by bodies such as Food and Drug Administration (FDA) limiting the concentration of glycolic acid in personal care products is expected to restrain growth.

Glycolic Acid Market Report Highlights

  • The personal care segment held the largest revenue share of 61.1% in 2022 owing to increasing demand for glycolic acid-based products for scalp treatment and hair nourishment
  • Asia Pacific dominated the market and accounted for the largest revenue share of 35.3% in 2022. This can be attributed to the widespread application of glycolic acid in various industries such as personal care, pharmaceuticals, and textiles in the region.
  • Europe is predicted to expand at a CAGR of 8.9% during the forecast period due to a rapidly developing skin and hair care industry.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Regional scope
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Regional outlook
2.3. Competitive Insights
Chapter 3. Glycolic Acid Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Glycolic Acid Market Analysis Tools
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Glycolic Acid: Application Estimates & Trend Analysis
5.1. Glycolic Acid Market: Key Takeaways
5.2. Glycolic Acid Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Personal Care
5.3.1. Personal care market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.4. Household
5.4.1. Household market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.5. Industrial
5.5.1. Industrial market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.6. Others
5.6.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 6. Glycolic Acid Market: Regional Estimates & Trend Analysis
6.1. Regional Outlook
6.2. Glycolic Acid Market by Region: Key Takeaway
6.3. North America
6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.3.2. U.S.
6.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.3.3. Canada
6.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.3.4. Mexico
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.4. Europe
6.4.1. Germany
6.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.4.2. UK
6.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.4.3. France
6.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.4.4. Italy
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.4.5. Spain
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.5. Asia Pacific
6.5.1. Japan
6.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.5.2. China
6.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.5.3. India
6.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.5.4. South Korea
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.5.5. Southeast Asia
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.6. Central & South America
6.6.1. Brazil
6.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.6.2. Argentina
6.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.7. MEA
6.7.1. Saudi Arabia
6.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
6.7.2. South Africa
6.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Tons, 2018 - 2030)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Merck KGaA
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. DuPont
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. CrossChem Limited
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Parchem fine & specialty chemicals
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Phibro Animal Health Corporation
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. Chemsolv, Inc.
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
7.2.7. Griffin International
7.2.7.1. Company overview
7.2.7.2. Financial performance
7.2.7.3. Product benchmarking
7.2.7.4. Strategic initiatives
7.2.8. Mehul Dye Chem Industries
7.2.8.1. Company overview
7.2.8.2. Financial performance
7.2.8.3. Product benchmarking
7.2.8.4. Strategic initiatives
7.2.9. The Chemours Company
7.2.9.1. Company overview
7.2.9.2. Financial performance
7.2.9.3. Product benchmarking
7.2.9.4. Strategic initiatives
7.2.10. Vytrus Biotech
7.2.10.1. Company overview
7.2.10.2. Financial performance
7.2.10.3. Product benchmarking
7.2.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 3 North America glycolic acid market, by region, 2018 - 2030 (USD Million, Tons)
Table 4 U.S. glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 5 Canada glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 6 Mexico glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 7 Europe glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 8 Europe glycolic acid market, by region, 2018 - 2030 (USD Million, Tons)
Table 9 Germany glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 10 UK glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 11 France glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 12 Italy glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 13 Spain glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 14 Asia Pacific glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 15 Asia Pacific glycolic acid market, by region, 2018 - 2030 (USD Million, Tons)
Table 16 China glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 17 Japan glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 18 India glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 19 Southeast Asia glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 20 South Korea glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 21 Central & South America glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 22 Central & South America glycolic acid market, by region, 2018 - 2030 (USD Million, Tons)
Table 23 Brazil glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 24 Argentina glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 25 Middle East and Africa glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 26 Middle East and Africa glycolic acid market, by region, 2018 - 2030 (USD Million, Tons)
Table 27 South Africa glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
Table 28 Saudi Arabia glycolic acid market, by application, 2018 - 2030 (USD Million, Tons)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Glycolic acid: Market outlook
Fig. 9 Glycolic acid: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Glycolic acid market driver impact
Fig. 15 Glycolic acid market restraint impact
Fig. 16 Glycolic acid market strategic initiatives analysis
Fig. 17 Glycolic acid market: Application movement analysis
Fig. 18 Glycolic acid market: Application outlook and key takeaways
Fig. 19 Personal care market estimates and forecasts, 2018 - 2030
Fig. 20 Household market estimates and forecasts, 2018 - 2030
Fig. 21 Industrial market estimates and forecasts, 2018 - 2030
Fig. 22 Others market estimates and forecasts, 2018 - 2030
Fig. 23 Global glycolic acid market: Regional movement analysis
Fig. 24 Global glycolic acid market: Regional outlook and key takeaways
Fig. 25 North America market estimates and forecasts, 2018 - 2030
Fig. 26 U.S. market estimates and forecasts, 2018 - 2030
Fig. 27 Canada market estimates and forecasts, 2018 - 2030
Fig. 28 Mexico market estimates and forecasts, 2018 - 2030
Fig. 29 Europe market estimates and forecasts, 2018 - 2030
Fig. 30 UK market estimates and forecasts, 2018 - 2030
Fig. 31 Germany market estimates and forecasts, 2018 - 2030
Fig. 32 France market estimates and forecasts, 2018 - 2030
Fig. 33 Italy market estimates and forecasts, 2018 - 2030
Fig. 34 Spain market estimates and forecasts, 2018 - 2030
Fig. 35 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 36 Japan market estimates and forecasts, 2018 - 2030
Fig. 37 China market estimates and forecasts, 2018 - 2030
Fig. 38 India market estimates and forecasts, 2018 - 2030
Fig. 39 Southeast Asia market estimates and forecasts, 2018 - 2030
Fig. 40 South Korea market estimates and forecasts, 2018 - 2030
Fig. 41 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 42 Brazil market estimates and forecasts, 2018 - 2030
Fig. 43 Argentina market estimates and forecasts, 2018 - 2030
Fig. 44 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 45 Saudi Arabia market estimates and forecasts, 2018 - 2030
Fig. 46 South Africa market estimates and forecasts, 2018 - 2030

Companies Mentioned

  • Merck KGaA
  • DuPont
  • CrossChem Limited
  • Parchem fine & specialty chemicals
  • Phibro Animal Health Corporation
  • Chemsolv, Inc.
  • Griffin International
  • Mehul Dye Chem Industries
  • The Chemours Company
  • Vytrus Biotech

Methodology

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