Glycolic Acid Market 2024-2028: Size and Availability of inexpensive alternative products; growth driven by the Grade Type, Some of key Companies Positioned Strategically

The glycolic acid market size by Grade Type (Cosmetic grade and Technical grade), Application (Personal care and cosmetics, Household cleaners, Industrial, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 186.6 million. The market is expected to grow at a CAGR of  almost 8.77% between 2024 and 2028.

• In the realm of cosmetics, glycolic acid holds a significant market position due to its exfoliating properties. However, its high cost has instigated a shift towards alternative options. Notable alternatives, including Jessner trichloroacetic acid (TCA), phenol, and salicylic acid, offer comparable benefits at a more economical price point. Among these, salicylic acid is most frequently favored due to its superior efficacy in treating hyperkeratosis and blackheads. Another preferred alternative is lactic acid, a humectant naturally found on the skin, which attracts moisture and is less irritating and more moisturizing than glycolic acid.
• The glycolic acid market represents a significant business opportunity due to its widespread use in various industries, including cosmetics and personal care, pharmaceuticals, and food processing. This alpha-hydroxy acid (AHA) offers numerous benefits, such as exfoliating, smoothing, and brightening properties, making it a valuable ingredient in numerous applications. Market growth is driven by increasing consumer awareness and demand for effective skincare solutions, as well as technological advancements in production methods. Businesses looking to capitalize on this trend can explore opportunities in manufacturing, distribution, and research and development of glycolic acid-based products.

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Some of the Key Companies:

• Acuro Organics Ltd.
• Avid Organics
• CABB Group GmbH
• China Petrochemical Corp.
• CrossChem Ltd.
• DuPont de Nemours Inc.
• Glentham Life Sciences Ltd.
• Hefei TNJ Chemical Industry Co. Ltd.
• Jiaxing Jlight Chemicals Co. Ltd.
• Kumar Industries
• Kureha Corp.
• Mehul Dye Chem Industries
• Merck KGaA
• Phibro Animal Health Corp.
• RXChemicals
• Saanvi Corp.
• Shandong Xinhua Pharmaceutical I and E Co. Ltd.
• The Chemours Co.
• Water Chemical Co. Ltd.
• Zhonglan Industry Co. Ltd.

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