Glycolic Acid Market to Generate Revenue of $643.29 Million by 2028 | Asia-Pacific will hold over 48% share

Global Glycolic Acid Market was valued at USD 398.0 Million in 2021, and it is projected to reach a value of USD 643.29 Million by 2028, at a CAGR of 7.1% over the forecast period ( 2022-2028).

Westford, USA, Nov. 23, 2022 (GLOBE NEWSWIRE) — Glycolic acid is a molecule naturally found in many fruits and vegetables. It has been used in skin and hair care products for years global glycolic acid market, but it’s recently garnered increasing attention as a powerful exfoliator. Like other acids, glycolic acid can break down the outer layer of skin, or the epidermis. This destroys the barrier that protects the underlying layers of skin from dryness, bacteria, and pollutants.

Glycolic acid is a moisturizing skin exfoliating agent that has seen increasing demand in recent years. Dermatologists often use glycolic acid to treat acne, hyperpigmentation, and other skin issues. Additionally, it is popular as a brightening and multi-tasking agent thanks to its ability to dissolve melanin and make the skin less wrinkled.

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Glycolic acid also has anti-aging properties. The molecule helps rejuvenate the surface layer of the skin, which diminishes the appearance of wrinkles and age spots. In addition to its cosmetic applications, glycolic acid is being studied for its potential role in the treatment of various skin conditions such as acne or psoriasis.

One of the major impediments for further growth of the global glycolic acid market is its high price. However, advances in technology are helping to reduce this barrier while providing comparable or even better results. For example, new delivery systems such as liposomes and microneedles help slow or even stop the release of glycolic acid until it reaches the target area, minimizing irritation and downtime. This technology is adopted by several major brands in the market today.

Asia-Pacific will hold more than 48% of the global glycolic acid market

Asia-Pacific is the largest producer and consumer of glycolic acid. Glycolic acid is a skincare ingredient derived from sugar cane and used in products to remove wrinkles, age spots, and blemishes. Asia-Pacific is also the top market for glycolic acid supplements. The region produced more than half of the world’s glycolic acid in 2021.

In Asia Pacific, volume growth is expected to outpace revenue growth due to growing demand for glycolic acid-based skin care products in Asia Pacific. North America will be second with a revenue share of 27%. The European market is expected to grow at a CAGR of 5% during the forecast period.

The report reveals that the fastest growing segment of the glycolic acid market is functional foods and beverages: this category is expected to grow at a CAGR of 9.8% between 2021 and 2028. This growth can be attributed health problems related to obesity, diabetes. and other chronic diseases, which have driven demand for products that help promote better health. Another reason for this growth may be growing consumer awareness of the environmental impact of manufacturing processed foods and beverages.

This Global Glycolic Acid Market analysis provides an overview of the Glycolic Acid industry, including market size, distribution by major players and regions, recent developments and future prospects. The report also provides information on the key drivers and restraints impacting the growth of the market.

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Key trends in the global glycolic acid market

1. Glycolic acid as a facial treatment: Glycolic acid is now used as an effective facial treatment for acne, sunburn, age spots and other skin conditions. As it has few or no side effects, glycolic acid is becoming increasingly popular as an alternative to harsher treatments such as chemical peels or laser treatments.

2. Glycolic acid-derived creams for acne: One of the most common uses for glycolic acid today is in topical acne creams. These formulas typically contain glycolic and salicylic acids (two types of alpha hydroxy acids), which work together to break down Propionibacterium acnes bacteria that cause oily pimples.

3. Glycolic Acid Skincare for Impatient Customers: Recent studies on the global glycolic acid market have shown that people are more likely to respond well to glycolic acid facials they receive brief but effective treatment protocols. So, some skincare companies cater to impatient customers by offering faster peeling times and minimal downtime.

Sensitive Skincare offers a three-step glycolic acid peel regimen that involves just one application per day (and no downtime necessary). Glow Recipe also offers a quick 30 minute peel that works on all skin types.

4. Glycolic Acid Peels for African Americans and Other Dark-Skinned People: Research into the glycolic acid market has shown that dark-skinned people need higher concentrations of glycolic acid than dark-skinned people. people with lighter skin in order to obtain equivalent results. Indeed, black skin contains more melanin, a pigment that blocks light, than white skin. Thus, some brands of glycolic acid have developed formulations specially designed for darker skin tones. A great example is the Lano Sciences Glycolix range, which takes advantage of the compound’s ability to penetrate deep into pores to treat acne and other skin issues while minimizing sensitivity.

99% pure glycolic acid is heavily consumed in the global glycolic acid market

The glycolic acid market has witnessed robust growth over the past few years owing to its growing prevalence in skin care products and chemical applications in various industries. There are several reasons for this increasing adoption of glycolic acid in the market, such as its low toxicity, broad-spectrum antimicrobial properties, and non-irritating nature.

The dominance of 99% pure glycolic acid is attributed to its premium performance attributes such as being more effective against acne scars, blemishes and skin rejuvenation. Additionally, other key factors such as healthcare reimbursement policies encouraging manufacturers to produce higher purity levels of glycolic acid also contribute to this dominance. This trend is likely to continue in the near future as hospitals and clinics increasingly adopt glycolic acid formulations for various medical applications including wound healing and tissue regeneration.

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Key Players of the Global Glycolic Acid Market

  • China Petrochemical Corporation (Sinopec Corp.), (China)
  • The Chemours Company (USA)
  • CABB Group (Germany)
  • Saanvi Corp (India)
  • Parchem Fine & Specialty Chemicals (USA)
  • Water Chemical Co., Ltd (China)
  • Shandong Xinhua Pharmaceutical Co., Ltd. (China)
  • Mehul Dye Chem Industries (India)
  • Avid Organics (India)
  • Zhonglan Industry Co., Ltd. (China)
  • Eastman Chemical Company (USA)
  • Corbion (Netherlands)
  • CrossChem LP (USA)

Related Reports in the SkyQuest Library:

Global Hydrofluoroolefins (HFO) Market

Global Branched-Chain Amino Acids (BCAAs) Market

Global linoleic acid market

Global polysilicon market

Global Polyethylene (PE) Market

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