GVR Report cover Glycolic Acid Market Size, Share, & Trends Report

Glycolic Acid Market Size, Share, & Trends Analysis Report By Application (Personal Care, Household, Industrial, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-006-4
  • Number of Pages: 75
  • Format: Electronic (PDF)

Report Overview

The global glycolic acid market size was valued at USD 281.2 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030. Growing demand for glycolic acid-based skin and hair care products is expected to drive the market over the forecast period. Furthermore, increasing use of the compound in emulsion polymers and additives for inks and paints is expected to propel the demand over the forecast period. Glycolic acid is present in fruits, such as beet, pineapple, and unripe grapes. Growing production of formaldehyde coupled with technological advancements to optimize the production technology is expected to boost the market growth further.

U.S. Glycolic Acid market size and growth rate, 2023 - 2030

In addition, rising expenditure on R&D has resulted in an increased scope of application, which is expected to drive product demand over the forecast period. However, high awareness levels about the negative effects of glycolic acid, such as skin allergies, are expected to restrain the market growth to some extent. Stringent regulations imposed by regulatory bodies, such as the European Union, regarding product usage in cosmeceutical formulations, are also likely to hinder growth. On the other hand, the rising popularity of natural cosmetics is likely to positively affect the industry dynamics over the years to come.

The rising need for online cosmetics and personal care products such as moisturizers, body wash, fragrances, scrubs, lipsticks, sunscreens, and others has encouraged many companies or manufacturers to develop a broad sales network, which is anticipated to drive the market. With the advent of the e-commerce sector and the growth of social media, consumer demand for high-end, unique, and novel cosmetics has also emerged. Glycolic acid is a vital element in the manufacturing of the above-mentioned goods, which is anticipated to propel industry growth, coupled with rising consumer healthcare awareness. The rising demand for glucosides in biopolymers usage, due to their harmless and excellent recyclability, represents a significant potential for glycolic acid producers. Hence, it acts as an opportunity for the manufacturers in the market.

However, the excessive use of acids in personal care & cosmetic products can damage the skin. It results in skin irritation, swelling, itching, and skin burning. In addition, chemical peeling frequently can make the skin more sensitive to UV rays and make people more prone to sunburn. If inhaled at high amounts for a prolonged time, it can harm the lungs and liver, and create respiratory ailments. Furthermore, the increasing consumer inclination toward organic products as a substitute can limit market growth.

Application Insights

The personal care segment held the largest revenue share of 61.1% in 2022 owing to increasing demand for glycolic acid-based products for scalp treatment and hair nourishment. Glycolic acid is a popular ingredient in exfoliating products such as cleansers, toners, and peels. It helps to remove dead skin cells, unclog pores, and improve overall skin texture and radiance.

Regional Insights

Asia Pacific dominated the market and accounted for the largest revenue share of 35.3% in 2022.This can be attributed to the widespread application of glycolic acid in various industries such as personal care, pharmaceuticals, and textiles in the region. The rising population, urbanization, and increasing disposable income in countries like China, India, and Japan have contributed to the growing demand for glycolic acid-based products.

Global Glycolic Acid market share and size, 2022

Europe is predicted to expand at a CAGR of 8.9% during the forecast period due to a rapidly developing skin and hair care industry. Increasing demand for anti-aging and acne removal creams is expected to drive the market further over the forecast period. The presence of various cosmetics manufacturers in Italy and France is also likely to boost market growth. However, stringent regulations by the European Commission regarding product use may hinder growth.

Key Companies & Market Share Insights

Companies in the glycolic acid market focus on product innovation to capture a larger industry share. Companies also invest in R&D to develop application-specific products. Hair and skincare manufacturers, such as Neutrogena, Garnier, St. Ives, and Clean & Clear, are the major consumers in the market. The following are some of the major participants in the global glycolic acid market:

  • Merck KGaA

  • DuPont

  • CrossChem Limited

  • Parchem fine & specialty chemicals

  • Phibro Animal Health Corporation

  • Chemsolv, Inc.

  • Griffin International

  • Mehul Dye Chem Industries

  • The Chemours Company

  • Vytrus Biotech

Recent Developments

  • In June 2023, a global chemical company, The Chemours Company, known for its expertise in performance materials, titanium technologies, and thermal & specialized solutions, reached a deal to sell its business related to glycolic acid. The business will be sold for a cash amount of USD 137 million to PureTech Scientific Inc. Through this acquisition, PureTech Scientific aims to establish itself as a leading global player in the organic synthesis of ultra-high purity alpha hydroxy acids, catering to the specialty chemical and life sciences industries. The completion of the transaction is anticipated to take place in the third quarter of 2023, subject to regulatory approvals and customary closing conditions.

  • In November 2021, The Chemours Company introduced Glyclean D, a powerful disinfectant and cleaner with a proven ability to deactivate the SARS-CoV-2 virus, along with other viruses and bacteria. This innovative product is registered with the U.S. Environmental Protection Agency (EPA). The formulation of Glyclean D incorporates a 70.0% concentration of glycolic acid (GA), which is an EPA-approved antimicrobial ingredient specifically designed for use in liquid, nonporous hard surface disinfectants. Remarkably, Glyclean D stands out as an effective disinfectant derived from natural sources. In contrast to harsh and corrosive chemicals like quats or bleach, Glyclean D is both biodegradable and environmentally friendly, offering a more sustainable option that prioritizes the well-being of individuals and the environment.

Glycolic Acid Market Report Scope

Report Attribute


Market size value in 2023

USD 302.4 million

Revenue forecast in 2030

USD 565.3 million

Growth rate

CAGR of 9.1% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated

September 2023

Quantitative units

Revenue in USD million, volume in Tons, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; Brazil; Argentina; Saudi Arabia; South Africa

Key companies profiled

Merck KGaA; DuPont; CrossChem Limited; Parchem fine & specialty chemicals; Phibro Animal Health Corporation; Chemsolv, Inc.; Griffin International; Mehul Dye Chem Industries; The Chemours Company; Vytrus Biotech

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

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Global Glycolic Acid Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global glycolic acidmarket based on application and region:

Global Glycolic Acid Market Report Segmentation

  • Application Outlook (Revenue, USD Million; Volume, Tons, 2018 - 2030)

    • Personal Care

    • Household

    • Industrial

    • Others

  • Regional Outlook (Revenue, USD Million; Volume, Tons, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Southeast Asia

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa (MEA)

      • South Africa

      • Saudi Arabia

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