World Glycolic Acid Market dimension is expected to grow at USD ~362.52 million by 2023. The market witnessed a major progress over the forecasted interval owing to growing trade akin to personal care, pharmaceutical, household, and different (electrical and many others.)
The main driving factor of glycolic acid market is from personal care business specifically, because of rising consciousness in skin care and hair care market. As well as, the increasing demand from the textile dyeing & finishing, oil field, petroleum refining, and others industrial applications are expected to fuel market growth of glycolic acids in close to future. Nonetheless, rising awareness about the unwanted side effects of glycolic acid causing to skin allergies is predicted to restrain progress of glycolic acid market.
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The worldwide glycolic acid market is majorly segmented on the basis of source, application, finish users and region. Primarily based on supply market glycolic acid the market is segmented into pure and synthetic glycolic acid. However based on software of glycolic acid the market is segmented into pores and skin & hair care, textile dyeing & ending, oil discipline, petroleum refining, and others (tanning, printed circuit board fluxes, electro-sharpening, and many others.). Primarily based on finish user the market segmented into private care, pharmaceutical, household, and other (electrical and many others.), and based mostly on area market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
· E. I. du Pont de Nemours and Company (US)
· Sigma-Aldrich Co. LLC. (US)
· Phibro Animal Health Company (US)
· Chemsolv Inc (U.S)
· CrossChem LP (US)
· Griffin Worldwide (US)
· Mehul Dye Chem Industries (India)
Furthermore, APAC region holds comes at third position for world glycolic acid market. Asia Pacific is estimated to witness CAGR eleven.5% over the forecasted interval 2016 to 2023 driven by rising demand for glycolic acid notably, in family cleaners, cosmetic products, and different industrial applications resembling tanning, printed circuit board fluxes, electro-sharpening, and textile dyeing & finishing. Furthermore, Center East, Latin America and South Africa is an emerging area for glycolic acid agent market. This region will play an important position in the development of general glycolic acid market growth because it is considered as main producer of glycolic acid. Whereas, the global production of glycolic acid is mainly dominated by United States, Japan, China, Germany and many others countries.