DUBLIN--(BUSINESS WIRE)--The "Glycolic Acid Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Glycolic acid market is projected to grow from US$288.897 million in 2017 to US$406.394 million in 2023 exhibiting a CAGR of 6.83% during the forecast period
Glycolic acid is a natural occurring substance, derived from plants such as sugarcane, pineapple, and sugar beets, which is very effective for skin treatments. Rising demand from cosmetic and personal care industry is the major driver of global glycolic acid market.
Since this ingredient is safe to be used on sensitive skin, glycolic acid is increasingly being used in anti-ageing products and cosmetics developed specially for sensitive skin. Growing applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid. Geographically, APAC will witness the fastest regional market growth owing to rising manufacturing of cosmetics in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Major industry players profiled as part of the report are ChemSolv, BASF, Parchem fine & specialty chemicals, Merck KGaA, and The Chemours Company among others.
- Industrial Grade
- Cosmetic Grade
- Technical Grade
- Medical Grade
By End Use Industry
- Cosmetics and Personal Care
- CrossChem LP
- The Chemours Company
- ChemSolv, Inc
- Zonghlan Industry Co., Ltd
- Merck KGaA
- Parchem fine & specialty chemicals
For more information about this report visit https://www.researchandmarkets.com/research/k4h8gg/global_glycolic?w=4