Global Glycolic Acid Market by Application (Industrial, Household, Personal Care) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Industry Insights
Global glycolic acid market was valued at USD159.6 millions in 2015. It is expected to grow at 11.3% CAGR over the forecast period. The market is expected to grow due to growing demand for glycolic acid-based hair and skin care products over the forecast period. It is also ideal for use in creams and ointments to treat wrinkles and remove scarring.
The forecast period will also see an increase in the use of the compound as an additive for inks, paints, and emulsion polymers . Glycolic acid can be found in fruits such as unripe grapes, pineapple and beet. The growth of formaldehyde production and technological advances to optimize production technology are expected to increase the market for glycolic acid.
Moreover, R&D spending has increased, which will drive product demand in the forecast period. The market growth will be limited by the high awareness of the adverse effects of glycolic acid (such as skin allergies).
Regulators such as the European Union have strict regulations regarding product use in cosmeceutical formulations. This could also hinder growth. However, the rising popularity of natural cosmetics will likely positively impact the industry's dynamics in the coming years.
Application Insights
The market for glycolic acid is divided by application into three segments: industrial, personal care and household. The market was led by personal care applications, which accounted for more than 60% of the global share. This is due to growing demand for glycolic acid-based products that can be used for hair nourishment and scalp treatment.
Due to increased product use in kitchen and bathroom cleaners, the household cleaning segment will be worth more than USD 110 million by 2024. The segment will also be driven by the increasing use of cleaning products for hard surfaces due to their properties such as easy biodegradability and high surface penetration.
The segment is expected to grow because of increased use of the product for various industrial applications such as semiconductor processing, high purity electronics, and tanning and dying leather. It is also used as a raw material to produce Polyglycolic Acid, which is widely used in medical sutures due to its high biodegradability. The segment's growth may be impeded by the high cost of medical sutures.
Regional Insights
Europe held a significant market share of more than 30% in 2015, thanks to its rapidly growing hair and skin care industry. The market is expected to grow further due to rising demand for anti-aging creams and skin care products. Market growth will also be aided by the presence of cosmetics producers in France and Italy. The growth may be impeded by strict regulations from the European Commission on product use.
China is predicted to have the highest CAGR in Asia Pacific during the forecast period. This is due to the increasing use of products in industrial, cosmetical, and household applications. The country's low manufacturing costs and rapidly growing economy are expected to fuel the demand.
In 2015, North America held the largest share at over 35.0%. The market is expected to grow further due to rising demand for anti-wrinkle creams and acne treatment creams. The market will be driven by the widespread use of the product in skin care products for skin nourishment.
Market Share Analysis for Glycolic Acid
To capture greater industry share, market players focus on product innovation. To increase its market share, Allergan Pharma launched a line of glycolic acid-based products called SkinMedica. R&D is also an investment by companies to create application-specific products. Parchem, CrossChem LP, Phibro Animal Health Corporation, DuPont, Griffin International and Chemsolv Inc are some of the major manufacturers. Major consumers of the market are hair and skincare companies, including Neutrogena and Garnier, St. Ives and Clean & Clear.
Report Scope
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Attribute |
More Details |
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Estimation base year |
2015 |
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Actual estimates/Historical data |
2013 - 2014. |
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Forecast period |
2016 - 2024 |
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Representation of the market |
Revenue in USD Millions, Volume in Tons and CAGR between 2016-2024 |
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Regional scope |
North America, Europe and Asia Pacific, Latin America, Middle East & Africa, and Latin America |
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Country coverage |
U.S., Canada Mexico, Mexico, Germany, France Italy, Germany France, China India, Brazil, South Africa |
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Report coverage |
Forecast revenue and volume, company share, competitive landscape and growth factors and trends |
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15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with any additional information that you require. |
Up Market Research published a new report titled “Glycolic Acid Market research report which is segmented by Application (Industrial, Household, Personal Care), By Players/Companies DuPont, Griffin International, Garnier, Inc Hair and skincare manufacturers, St Ives, CrossChem LP, Parchem, such as Neutrogena, Phibro Animal Health Corporation, Clean & Clear, Chemsolv, are the major consumers in the market”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Glycolic Acid Market Research Report |
| By Application | Industrial, Household, Personal Care |
| By Companies | DuPont, Griffin International, Garnier, Inc Hair and skincare manufacturers, St Ives, CrossChem LP, Parchem, such as Neutrogena, Phibro Animal Health Corporation, Clean & Clear, Chemsolv, are the major consumers in the market |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 220 |
| Number of Tables & Figures | 154 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Glycolic Acid Market Report Segments:
The market is segmented by Application (Industrial, Household, Personal Care).
Glycolic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Glycolic Acid Market
Overview of the regional outlook of the Glycolic Acid Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Glycolic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Glycolic Acid Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Industrial
2. Household
3. Personal Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Glycolic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Glycolic Acid Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Glycolic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Glycolic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Glycolic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Glycolic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Glycolic Acid Market Size & Forecast, 2018-2028
4.5.1 Glycolic Acid Market Size and Y-o-Y Growth
4.5.2 Glycolic Acid Market Absolute $ Opportunity
Chapter 5 Global Glycolic Acid Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Glycolic Acid Market Size Forecast by Application
5.2.1 Industrial
5.2.2 Household
5.2.3 Personal Care
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Glycolic Acid Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Glycolic Acid Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Glycolic Acid Analysis and Forecast
8.1 Introduction
8.2 North America Glycolic Acid Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Glycolic Acid Market Size Forecast by Application
8.6.1 Industrial
8.6.2 Household
8.6.3 Personal Care
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Glycolic Acid Analysis and Forecast
9.1 Introduction
9.2 Europe Glycolic Acid Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Glycolic Acid Market Size Forecast by Application
9.6.1 Industrial
9.6.2 Household
9.6.3 Personal Care
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Glycolic Acid Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Glycolic Acid Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Glycolic Acid Market Size Forecast by Application
10.6.1 Industrial
10.6.2 Household
10.6.3 Personal Care
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Glycolic Acid Analysis and Forecast
11.1 Introduction
11.2 Latin America Glycolic Acid Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Glycolic Acid Market Size Forecast by Application
11.6.1 Industrial
11.6.2 Household
11.6.3 Personal Care
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Glycolic Acid Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Glycolic Acid Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Glycolic Acid Market Size Forecast by Application
12.6.1 Industrial
12.6.2 Household
12.6.3 Personal Care
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Glycolic Acid Market: Competitive Dashboard
13.2 Global Glycolic Acid Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 DuPont
13.3.2 Griffin International
13.3.3 Garnier
13.3.4 Inc Hair and skincare manufacturers
13.3.5 St Ives
13.3.6 CrossChem LP
13.3.7 Parchem
13.3.8 such as Neutrogena
13.3.9 Phibro Animal Health Corporation
13.3.10 Clean & Clear
13.3.11 Chemsolv
13.3.12 are the major consumers in the market