This Glycolic Acid Market report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Trends, analysis, SWOT and regional coverage that is available in report offers market intelligence that help readers in strategic choices that business demands. Moreover, this research can be tweaked to cover specific requirements of a client or completely customized for a particular company. The report covers a list of top traders, distributors, and suppliers of industry with research findings, conclusions, and appendix.

The Glycolic Acid Market report offers business overview, product overview, Gypsum Boards market share, supply chain analysis, demand and supply ratio and import/export details and examines considerations such as production value, capacity in a statistical format that accurately reveals a comprehendible picture of the Glycolic Acid Market.  Furthermore, all the retrieved information is authorized with the help of primary interviews and questionnaires.

Data Bridge Market Research analyses that the glycolic acid market will witness a CAGR of 9.80% for the forecast period of 2022-2029.

Definition

Glycolic acid (C2H4O3) is a colorless, odorless, soluble in water, non-volatile, and less flammable chemical that is derived from plants. Glycolic acid (C2H4O3) is derived and extracted from grapes, sugar beets, and pineapple. Therefore, glycolic acid offers numerous beneficial applications which results in its utilization by numerous end user industries.

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Key Growth Drivers:

Rise in demand for glycolic acid by pharmaceutical industry in the manufacturing of skincare products is the root cause for fuelling up the market growth rate. Rising demand for glycolic acid in the manufacturing of industrial and household products, increasing focus on physical appearances, and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising awareness about the benefits of glycolic acid in comparison to alternatives, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, surging demand for glycolic acid for in the manufacturing of adhesives, rising proliferation of social media, rising environmental concerns leading to the production of economic and biodegradable cleaning products and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.

However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rigorous ordinances taxed by governing societies concerning the product regulation and strict global trade restrictions will dampen the market growth rate. Also, hazardous health effects of hydroxeacetic acid will also hamper the market growth rate. Large scale availability of low cost alternatives in the market will also restrict the scope of growth for the market.

The report emphasizes the participation of key entities, notably:

• Merck KGaA
• The Chemours Company
• CABB GmbH
• China Petrochemical Corporation
• Water Chemical Co., Ltd
• Zhonglan Industry Co.,Ltd.
• Shandong Xinhua Pharma
• Phibro Animal Health Corporation
• HeBei ChengXin
• Hefei TNJ Chemical Industry Co.,Ltd.
• Avid Organics
• Jiaxing Jlight Chemicals Co., Ltd.
• Taida Sinopec CO.,Ltd
• CrossChem LP
• Sancaiindustry
• Mehul Dye Chem Industries
• Siddharth Chlorochem
• Velocity Chemicals Ltd.
• TCI Chemicals (India) Pvt. Ltd.
• Parchem fine & speciality chemicals

Major Points in the Report

• Understanding the entirety of the glycolic acid marketlandscape thoroughly.
• Exploring the leading entities in this sector, delving into their range of products and core approaches.
• Examining the prominent geographical areas where glycolic acid marketdemonstrates significant growth.
• Keeping abreast of the latest shifts and advancements within the industry.
• Identifying specific areas or markets with high potential and promising expansion opportunities.

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Key Market Segmentation

By Source (Natural, Synthetic), Purity Level (99% Purity, 70% Purity, 60% Purity, 30% Purity, Others), Grade (Technical Grade, Pharmaceutical Grade, Industrial Grade), Application (Personal Care and Dermatology, Industrial, Household, Tanning and Dyeing, Agriculture, Adhesive, Medical and Food)

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