9th December 2019 – Global Glycolic
Acid Market is anticipated to reach USD 415.0 million by 2024. Glycolic
acid falls in the category of alpha hydroxy acid (AHA). Glycolic acid is
colorless, odorless, hygroscopic crystalline solid. Additionally, the glycolic
acid is water-soluble. Glycolic acid is found in pineapple, unripe grapes,
sugarcane, sugar beets, and cantaloupe.
The factors that propel the growth of
the Glycolic Acid Market include increasing demand from personal care and
cosmetic industry, glycolic acid aids in reducing facial scars, marks, and age
associated fine lines. On the other hand, there are factors that may hamper the
growth of the market including growth of substitute products, and inhibitions
with respect to hazardous nature of high absorption glycolic acid. Glycolic
Acid industry is anticipated to grow at a significant CAGR in the upcoming
period as the scope, product types, and its applications are increasing across
the globe.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/glycolic-acid-market/request-sample
Glycolic Acid industry may be explored
by grade type, application, and geography. The key application that could be
explored in the Glycolic Acid Market include Household, Personal Care,
Industrial, and Others. The “Personal Care” segment led the Glycolic Acid
industry in 2016 and is anticipated to maintain its dominance by 2024 due to
growing demand for glycolic acid based products for hair nourishment and scalp
treatment. The market could be explored based on Grade type as Pharmaceutical
Grade, Industrial Grade, and Technical Grade.
Asia-Pacific accounted for the major
share of the Glycolic Acid Market Size in 2016 and will continue to lead in the
forecast period. The factors that could be attributed to the growth includes
increasing demand for anti-ageing products because of a rising aged population
base, and production of a huge number of skincare and haircare markets.
Some of the key players that fuel the
growth of the Glycolic Acid industry comprise Phorbol Animal Health
Corporation, Parchem, Griffin International, Kureha Corporation, The Chemours
Company, SimcoQC, Vornia Biomaterials, CrossChem LP, Zhonglan Industry Co, and
DuPont. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
Get
in touch
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment