Market Definition
Glycolic acid is used in various skin-care products. Because of its small molecular size, glycolic acid penetrates the skin and breaks down the bonds that hold dead skin cells together. This process of exfoliation reveals brighter, smoother skin. Glycolic acid is also used as a chemical peel to improve the skin’s appearance by reducing wrinkles, acne scars, and hyperpigmentation.
Market Outlook
Glycolic acid is an organic compound with the formula C2H4O3. It is the smallest alpha hydroxy acid (AHA). This colorless, odorless, and hygroscopic crystalline solid is highly soluble in water. It is used in various skin-care products.
Glycolic acid is found in sugar cane, unripe grapes, pineapple, honey, and cane sugar. The amino acid glycine also contains glycolic acid.
The cosmetics industry has long been interested in glycolic acid as an active ingredient for skin care products. This is because glycolic acid has the ability to penetrate the skin and break down the bonds between the dead skin cells, making it an effective exfoliant. In addition, glycolic acid has been shown to stimulate collagen production, which can help to reduce the appearance of wrinkles and improve the overall appearance of the skin.
Recently, there has been an increased interest in using glycolic acid in combination with other active ingredients, such as retinoids, to create synergistic effects. For example, one recent study showed that combining glycolic acid with retinol was more effective at reducing the appearance of wrinkles than either ingredient alone.
There has also been a trend toward using higher concentrations of glycolic acid in skin care products. While lower concentrations (5-10%) are often used in over-the-counter products, higher concentrations (20-30%) are now available in prescription products and in-office treatments.
The key drivers of the glycolic acid market include the growing demand for glycolic acid from the cosmetics and personal care industry and the increasing use of glycolic acid in medical applications. Glycolic acid is a natural ingredient found in sugar cane and other fruits. It is a popular ingredient in cosmetics and personal care products because it is a very effective exfoliant. Glycolic acid is also used in medical applications to treat conditions such as acne, psoriasis, and wrinkles. The growing demand for glycolic acid from the cosmetics and personal care industry is the major driver of the glycolic acid market. The increasing use of glycolic acid in medical applications is also a key driver of the market.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
By Grade
- Cosmetic Grade
- Technical Grade
By Application
- Personal Care & Dermatology
- Industrial
- Household
- Others
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Major Players
The glycolic acid market report includes players such as Avid Organics (India), CABB Group GmbH (U.K.), ChemPoint (Univar Solutions Inc) (U.S.), CrossChem Limited (U.S.), Phibro Animal Health Corporation (U.S.), Shandong Xinhua Pharma (China), SimSon Pharma Limited (India), The Chemours Company (U.S.), Water Chemical Co., Ltd. (China), and Zhonglan Industry Co.,Ltd. (China).
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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