Glycolic Acid Market Size To Reach $565.3 Million By 2030

September 2023 | Report Format: Electronic (PDF)

Glycolic Acid Market Growth & Trends

The global glycolic acid market size is expected to reach USD 565.3 million by 2030, registering a CAGR of 9.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing use of the product in various applications including personal care and household is expected to drive demand. The product is extensively used in the manufacturing of cleaning agent formulations as well as skin care creams, thus promoting its growth.

Personal care application is expected to be valued at over USD 96.0 million in 2015 driven by increasing use of the product in cosmeceutical preparations such as skin creams, lotions for treatment of blackheads, acne face lines and the treatment of oiliness. In addition, the demand for glycolic acid based skin peels for face cleansing is expected to bolster the demand over the forecast period.

Growing use of the product in shampoo formulations for treatment of dandruff and hair conditioning is expected to augment demand over the projected period. However, availability of alternate products such as salicylic acid coupled with stringent regulations by bodies such as Food and Drug Administration (FDA) limiting the concentration of glycolic acid in personal care products is expected to restrain growth.


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Glycolic Acid Market Report Highlights

  • 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

  • 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.

  • 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.

Glycolic Acid Market Segmentation

Grand View Research has segmented the glycolic acid market based on application, and region:

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

  • Personal Care

  • Household

  • Industrial

  • Others

Glycolic Acid 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

List Of Key Players 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

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