Authored By: Sarah
20 Aug 2021

Glycolic Acid Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Market Growth and Forecasts for 2021-2025

Accelerating at a CAGR of  7.47%, the glycolic acid market is expected to grow by post an incremental growth of $ 124.44 mn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


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Glycolic Acid Market: Market Segments and Key Trends

The Glycolic acid market is segmented by Application (Personal care and cosmetics, Household cleaners, Industrial, and Others) and Geography (North America, Europe, APAC, South America, and MEA). Europe led the market with 33% of the market growth set to originate from this region during the forecast period. Availability of inexpensive alternative products is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

Glycolic Acid Market: What are the Growth Drivers?

The Growing demand from cosmetics industry is one of the primary factors driving the growth of the glycolic acid market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Glycolic Acid Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Glycolic Acid Market: Competitive Landscape

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Actiza Pharmaceutical Pvt. Ltd., CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., and Zhonglan Industry Co. Ltd. are some of the major market participants.

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Glycolic Acid Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive glycolic acid market growth during the next five years
  • Precise estimation of the glycolic acid market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the glycolic acid market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of glycolic acid market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 7.47%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 124.44 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growing demand from cosmetics industry will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    33% growth will originate from Europe

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Actiza Pharmaceutical Pvt. Ltd., CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., and Zhonglan Industry Co. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (Personal care and cosmetics, Household cleaners, Industrial, and Others) and Geography (North America, Europe, APAC, South America, and MEA)
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