Glycolic Acid Market to Witness Enhanced Demand From Personal Care and Cosmetic Industries Till 2024 | Million Insights

Wednesday, October 10, 2018 General News
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FELTON, California, October 10, 2018 /PRNewswire/ --

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.

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.

Browse 75 page research report with TOC on "Global Glycolic Acid Market" at: https://www.millioninsights.com/industry-reports/glycolic-acid-market 

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.

Browse reports of similar category available with Million Insights: 

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Glycolic Acid Market Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024) 

    • Personal Care

    • Household

    • Industrial

    • Others

Glycolic Acid Market Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024) 

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • Italy

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

    • Middle East & Africa

        • South Africa

About Million Insights: 

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact: Ryan Manuel Research Support Specialist, USA Million Insights Phone: +1-408-610-2300 Toll Free: 1-866-831-4085 Email: sales@millioninsights.com

Web: https://www.millioninsights.com/

Blog: https://millioninsights.blogspot.com/

SOURCE Million Insights



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