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Transparency Market Research, New York: Used extensively across varied industry verticals such as food and beverages, oil and gas, electronics, beauty and personal care, and textile, glycolic acid market is set to witness an increase in demand over the forecast period of 2019 to 2027. A number of growth factors will help the global glycolic acid chart a notable trajectory.
As per Transparency Market Research, “Exponential growth will be noted in the personal care and cosmetics segment, driving up demand for glycolic acid, which is used in a number of hair care and facial care products. Increase in disposable income and growing focus on youthful and healthy experience will support growth in the segment over the forecast period. Role of social media influencers is also playing a crucial role here as they are setting a new standard of normal in terms of beauty, driving up demand for moisturizers and exfoliators.”
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The global glycolic acid market is witnessing its players deploying a range of growth strategies to chart growth. These include entering into joint ventures, increasing and improving upon research and development activities, forging key alliances, and so on. Top-tier players in global glycolic acid market are The Chemours Company, Phibro Animal Health Corporation, CABB Group GmbH, China Petroleum & Chemical Corporation (SINOPEC), Shandong Xinhua Pharmaceutical Co.Ltd., CrossChem LP, Avid Organics, Zhonglan Industry Co., Ltd., Water Chemical Co., Ltd, Hebei Chengxin Co., Ltd., Hefei TNJ Chemical Industry Co.Ltd., and Saanvi Corp., among others.
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Glycolic Acid Market, by Grade
Glycolic Acid Market, by Application
Glycolic Acid Market, by Region
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