Glycolic Acid Market by Product Grade, Source, End Use & Region - Forecast 2022 to 2032
When it Comes to Benefits of Glycolic Acid, the List is too Long! Discover How FMI Analysts have Utilized Multiple Approaches to Bring into Light the Key Applications of Glycolic Acid across the USA, Italy, Japan, Korea, the United Kingdom, and 30+ Countries!
The global glycolic acid market size totaled a milestone of US$ 436.4 million in 2021 and it is expected to reach US$ 456.4 million at the end of 2022. Total glycol acid sales are likely to accelerate at 5.3% CAGR from 2022 to 2032, exceeding a valuation of US$ 764.8 million by the end of 2032.
Rising applications of glycolic acid across various end-use industries including personal care, pharmaceuticals, chemicals, and electronics is providing impetus to the development of the global market.
Glycolic acid, also known as hydroxyacetic acid, is a smallish α-hydroxy acid (AHA). It is a crystalline solid that is hydrophobic, colorless, and odorless and is readily soluble in water and other associated solvents. Although glycolic acid can be isolated from sugar beets, sugarcane, cantaloupe, pineapple, and immature grains, it is mainly chemically prepared from fossil resources by a process known as carbonylation.
Glycolic acid finds a variety of applications across a wide spectrum of end-use verticles. Cosmetics and personal care, chemicals, pharmaceutical, and agriculture are a few of the leading consumer industries of glycolic acid across the world. Hence, growth of these industries will eventually bolster glycolic acid demand during the forecast period.
Rising usage of glycolic acid in personal care products coupled with robust expansion of cosmetics and personal care industry is expected to boost glycolic acid sales over the projection period.
Over the years, glycolic acid has become one of the most widely used alpha hydroxy acids (AHAs) in cosmetics and skincare products. It is estimated that glycolic acid will generate between 18% and 20% of alpha hydroxy acids' global sales in 2022.
Glycolic acid chemically exfoliates skin by dissolving dead skin cells and oils. It also speeds up cell turnover, boosts collagen production, improves skin tone, and helps to clear pores and smooth fine wrinkles. It is effective in treating various skin problems such as acne, melasma, and hyperpigmentation. Thanks to these advantages, glycolic acid is being extensively used in skincare products.
Similarly, growing application of glycolic acid in food processing as a flavoring agent and preservative coupled with increasing popularity of glycolic acid as an ideal dyeing and tanning agent in textiles industry will create lucrative opportunities for glycolic acid manufacturers.
Attribute
Key Insights
Glycolic Acid Market Base Value (2021A)
US$ 436.4 million
Estimated Market Value (2022E)
US$ 456.4 million
Projected Market Value (2032F)
US$ 764.8 million
Value CAGR (2022 to 2032)
5.3%
Collective Value Share: Top 3 Countries (2022E)
48.0%
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Demand Analysis of Glycolic Acid (2017 to 2021) Vs Sales Forecast (2022 to 2032)
he global demand for glycolic acid witnessed a sluggish CAGR of 2.6% during the historical period of 2017 to 2021. However, the market for glycolic acid is all set to witness a growth rate of about 5.3% CAGR between 2022 and 2032. A remarkable growth in demand from various verticals, especially the agriculture and personal care sectors is facilitating the demand in glycolic acid market.
Similarly, consumption of glycolic acid owing to increased production of industrial cleaners such as boiler cleaning chemicals and others is anticipated to shoot up the sales of glycolic acid over the assessment period.
Another key factor expected to create growth prospects for the global glycol acid market is the robust expansion of oil and gas industry. Oil and gas consumption and production will increase during the next ten years due to rising fuel demand from end-use industries.
The oil and gas sector relies on heavy machinery to drill vertical, horizontal, and diverging wells. Hydraulic fracturing balls and plugs are required for plug-and-perforation procedures in order to isolate the zones of various well types. In polyglycolic acid (PGA) fracturing balls and plugs, glycolic acid serves as the monomer substrate. In contrast to polylactic acid, which degrades too fast at elevated temperatures, dissolvable frac plugs depend on PGA since it can resist extreme-temperature wells better.
In oil field and petroleum refinery operations, glycolic acid improves cleaning and descaling procedures. This acid enables biodegradable metal complexing without increasing the desired biological or chemical oxygen demand in products that have been manufactured.
The less reactivity of glycolic acid in comparison to mineral acids aids in acid finishing during well completion. Increasing usage of this alpha hydroxy acid in synthetic drilling mud, well acidization, and crude oil desalting is expected to boost the demand for the glycolic Acid market throughout the forecast period.
Comparative Analysis of Glycolic Acid Markets
Glycolic Acid Market:
Differentiating Aspects
Glycolic Acid Market
CAGR in 2022 to 2032
5.3%
Current Valuation in 2022
US$ 456.4 million
Projected Valuation in 2032
US$ 764.8 million
Demand Drivers
Rapid expansion of end-use industries such as personal care and pharmaceuticals worldwide is expected to propel glycolic acid demand during the forecast period.
Increasing usage of glycolic acid for the preparation of numerous chemicals and chemical intermediates will foster glycolic acid sales over the next ten years.
Lactic Acid Market:
Differentiating Aspects
Lactic Acid Market
CAGR in 2022 to 2032
8.0%
Current Valuation in 2022
US$ 3.13 billion
Projected Valuation in 2032
US$ 6.76 billion
Demand Drivers
Increasing usage of lactic acid in a variety of end-use sectors, including pharmaceuticals and food & beverages, is driving the global lactic acid market forward.
Rising government efforts for popularizing the use of biodegradable polymer composites will positively impact glycolic acid sales during the projection period.
Citric Acid Market:
Differentiating Aspects
Citric Acid Market
CAGR in 2022 to 2032
3%
Current Valuation in 2022
US$ 2.89 billion
Projected Valuation in 2032
US$ 3.89 billion
Demand Drivers
Growing usage of citric acid in food and beverage industry as an effective preservative is providing a strong impetus to the development of the global citric acid market.
Widening applications in pharmaceutical and personal care industries will elevate citric acid demand during the assessment period.
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What are the Key Trends Shaping the Glycolic Acid Industry?
Increasing Demand for Glycolic Acid in Personal Care & Cosmetics to Augment Market Expansion
Glycolic acid is a skin moisturizing exfoliator that has been increasing in popularity during the last few years and the trend is expected to continue during the projection period. Dermatologists use glycolic acid to treat hyperpigmentation, acne, and other skin issues.
It is widely used as a lightning multitasking agent due to its capability to dissolve melanin and make skin look less wrinkled. It also finds applications in cosmeceutical preparations including skin creams, body lotions, oil treatments, and blackhead treatments.
Peeling treatments are a widespread way to treat facial skin, and glycolic acid is an essential ingredient in these procedures. Since, peels containing glycolic acid offer anti-inflammatory, keratolytic, and antioxidant properties. This is expected to boost the global market for glycolic acid during the assessment period.
Growing consumer knowledge, coupled with rising per capita disposable income and improving living standards, are the prominent reasons that are expected to positively influence glycolic acid demand, especially in developing countries, over the next ten years.
Which are the Challenges Faced by Glycolic Acid Manufacturers?
Rising Health and Environmental Concerns May Restrict the Scope of Glycolic Acid
Rising awareness about the adverse effects of skin allergies from the use of glycolic acid will restrain growth in the glycolic acid market. Excessive use can irritate the eyes and cause itching, swelling, and inflammation of the skin. If chemical peels are done regularly, it can make the skin more sensitive to UV radiation and increase people's skin sensitivity to sunburn.
Stringent laws governing society's regulatory levies on products and stringent global trade restrictions will also negatively impact market expansion. Subsequently, regulations imposed by European governments on manufacturers regarding the upper limit of glycolic acid usage in pharmaceutical formulations also act as a barrier to adoption during the forecast period.
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Country-wise Insights
What is Fueling Demand for Glycolic Acid in the USA?
Increasing Consumption of Skincare Products Fueling Glycolic Acid Demand in the USA
As per Future Market Insights, demand for glycolic acid across the USA is expected to surge at a steady pace during the forecast period owing to rapid expansion of pharmaceutical and cosmetics & personal care industries.
The USA is estimated to be a key importer of glycolic acid all over the globe with import volume reaching about 6,156 tons in 2021. People, especially women, in the country spend large amounts on glycolic acid-based skincare products such as acne & wrinkle removal creams and skin nourishment cosmetics.
Substantial production and consumption of cosmetic and personal care products, and development in the cosmetic and chemical industries, will therefore continue to boost the USA glycolic acid market during the assessment period.
What is the Growth Outlook of the Glycolic Acid Market in Japan?
Growing Cosmetic and Personal Care Industry to Boost Glycol Acid Sales in Japan
Japan is anticipated to be a leading country in terms of the consumption of glycolic acid in the global market. FMI predicts glycolic acid consumption in Japan to witness a 4.6% growth over the forecast period of 2022 and 2032. Increasing production of cosmetics and personal care products is a key factor expected to spur growth in Japan’s glycolic acid market.
According to the International Trade Administration, Japan is the world's leading market for cosmetics and personal care products. Japanese industry continues to adapt and develop technologies in product customization and personalization. In 2019, the country’s cosmetics and personal care products market reached a colossal valuation of US$ 35 billion as per the Ministry of Economy, Trade, and Industry.
Japan is home to about 3000 beauty care companies including Kao, Pola Orbis, and Shiseido. Strong presence of these global beauty brands will continue to generate demand for glycolic acids in Japan during the assessment period.
Category-wise Insights
Which is the Leading End-use Industry for Glycolic Acid?
More than 1/3rd of Glycolic Acid Sales to be Concentrated in Chemical Industry
According to Future Market Insights, chemicals segment will continue to dominate the global glycolic acid industry during the forecast period, owing to rising applications of glycolic acid for making various chemicals and chemical intermediates. A market share of around 33% has been predicted by FMI for the chemical segment during the projection period.
Glycolic acid is a valuable intermediate for the synthesis of organic compounds in a range of processes, such as esterification, oxidation-reduction, and long-chain polymerization. In the synthesis of polyglycolic acid and other biocompatible copolymers, it functions as a monomer (e.g. PLGA).
It is also used in acrylonitrile purification processes. This cosmetic-grade glycolic acid significantly reduces the synthesis of polymers while also enhancing waste control and product quality.
In the production of acrylonitrile, glycolic acid converts free ammonia into ammonium glycolate, which is a heat-resistant chemical than ammonium acetate produced by acetic acid. Lower free ammonia levels at heat transfer surfaces are caused by a slower rate of ammonium acetate decomposition. Consequently, the polymerization of hydrogen cyanide (HCN), which is facilitated by free ammonia, is stopped.
Hence, increasing chemical production and purification operations is expected to boost the demand for glycolic acid throughout the forecast period.
Competitive Landscape
Key glycolic acid manufacturers are investing rigorously in research and development activities to explore new application areas for this multifunctional substance. Besides this, they are adopting strategies such as mergers and acquisitions as well as product portfolio expansion. For instance,
In November 2021, to deactivate various viruses and bacteris, The Chemours Company launched Glyclean™ D, an effective cleaner and disinfectant which contains around 70% concentration of glycolic acid
In February 2021, a US$ 10.12 million subsidy from the government of France for the production of glycolic acid (GA) was received by METabolic EXplorer (METEX).
Scope of Report
Attribute
Details
Estimated Market Size (2022)
US$ 456.4 million
Projected Market Size (2032)
US$ 764.8 million
Anticipated Growth Rate (2022 to 2032)
5.3% CAGR
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
US$ Million for Value and Tons for Volume
Key Countries Covered
USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, Gulf Co-operation Council Countries, Türkiye, South Africa
Key Segments Covered
Product Grade, Source, End Use, and Region
Key Companies Profiled
The Chemours Company
Zhonglan Industry Co., Ltd.
Hefei TNJ Chemical Industry Co., Ltd.
Siddharth Chlorochem Pvt. Ltd.
Penta International Corporation
Connect Chemicals
Charkit Chemical Company LLC
Beijing LYS Chemicals Co., Ltd.
Haihang Industry Co., Ltd.
CrossChem LP
Spectrum Chemical Manufacturing Corp.
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Trends, Opportunity and Threat Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Glycolic Acid Industry Segmentation
By Product Grade:
Technical Grade
Pharma Grade
Industrial Grade
By Source:
Natural
Synthetic
By End Use:
Personal Care
Chemicals
Oil & Gas
Textile
Pharmaceuticals
Agriculture
Electronics
Others
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Frequently Asked Questions
What was the Historical Valuation of the Glycolic Acid Market?
The glycolic acid market held a valuation of US$ 456.4 million in 2022.
What is the Glycolic Acid Market Size Projected by 2032?
The projected market value is predicted to attain US$ 764.8 million by 2032.
What is the CAGR Prediction for the Glycolic Acid Market?
The glycolic acid market is anticipated to register a CAGR of 5.3% through 2032.
Which Country Holds High Lucrativeness for Glycolic Acid?
The United States offers high profitability for the glycolic acid market.
How was the Historical Performance of the Glycolic Acid Market?
The global demand for glycolic acid experienced a slow-paced CAGR of 2.6% between 2017 and 2021.
Table of Content
1. Executive Summary | Glycolic Acid Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USP’s / Features
4.3. Strategic Promotional Strategies
5. Global Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
5.1. Historical Market Volume (Tons) Analysis, 2017 to 2021
5.2. Current and Future Market Volume (Tons) Projections, 2022 to 2032
5.3. Y-o-Y Growth Trend Analysis
6. Global - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark
7. Global Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.1.1. Global GDP Growth Outlook
8.1.2. Global Chemical Industry Overview
8.1.3. Global Cosmetics Industry Overview
8.1.4. Global Textile Industry Overview
8.1.5. Global Pharmaceutical Industry Overview
8.1.6. Global Oil & Gas Sector Overview
8.1.7. Global Industry Outlook
8.2. Forecast Factors - Relevance & Impact
8.2.1. Top Companies Historical Growth
8.2.2. GDP Growth forecast
8.2.3. Growth in Oil & Gas Industry
8.2.4. Growth in Chemical Industry
8.2.5. Other Forecast Factors
8.3. Value Chain
8.3.1. Raw Material Suppliers
8.3.2. List of Distributors
8.3.3. Product Manufacturers
8.3.4. List of Probable End Users
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis
8.7. PESTLE and Porter’s Analysis
8.8. Trade Scenario
8.9. Investment Feasibility Matrix
9. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Grade
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Grade, 2017 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Grade, 2022 to 2032
9.3.1. Technical Grade
9.3.2. Pharmaceutical Grade
9.3.3. Industrial Grade
9.4. Market Attractiveness Analysis By Product Grade
10. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Source
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By Source, 2017 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Source, 2022 to 2032
10.3.1. Natural
10.3.2. Synthetic
10.4. Market Attractiveness Analysis By Source
11. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021
11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032
11.3.1. Personal Care
11.3.2. Chemicals
11.3.3. Oil & Gas
11.3.4. Textile
11.3.5. Pharmaceuticals
11.3.6. Agriculture
11.3.7. Electronics
11.3.8. Others
11.4. Market Attractiveness Analysis By End Use
12. Global Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Middle East and Africa (Middle East & Africa)
12.3.5. East Asia
12.3.6. South Asia and Pacific
12.4. Market Attractiveness Analysis By Region
13. North America Analysis 2017 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. USA
13.4.1.2. Canada
13.4.2. By Product Grade
13.4.3. By Source
13.4.4. By End Use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Grade
13.5.3. By Source
13.5.4. By End Use
14. Latin America Analysis 2017 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Product Grade
14.4.3. By Source
14.4.4. By End Use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Grade
14.5.3. By Source
14.5.4. By End Use
15. Europe Analysis 2017 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. Italy
15.4.1.3. France
15.4.1.4. United Kingdom
15.4.1.5. Spain
15.4.1.6. BENELUX
15.4.1.7. Russia
15.4.1.8. Rest of Europe
15.4.2. By Product Grade
15.4.3. By Source
15.4.4. By End Use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Grade
15.5.3. By Source
15.5.4. By End Use
16. South Asia and Pacific Analysis 2017 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. India
16.4.1.2. ASEAN
16.4.1.3. ANZ
16.4.1.4. Rest of South Asia & Pacific
16.4.2. By Product Grade
16.4.3. By Source
16.4.4. By End Use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Grade
16.5.3. By Source
16.5.4. By End Use
17. East Asia Analysis 2017 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. By Product Grade
17.4.3. By Source
17.4.4. By End Use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Grade
17.5.3. By Source
17.5.4. By End Use
18. Middle East and Africa Analysis 2017 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
18.4.1. By Country
18.4.1.1. GCC Countries
18.4.1.2. Türkiye
18.4.1.3. Northern Africa
18.4.1.4. South Africa
18.4.1.5. Rest of Middle East and Africa
18.4.2. By Product Grade
18.4.3. By Source
18.4.4. By End Use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Grade
18.5.3. By Source
18.5.4. By End Use
19. Country Wise Analysis
19.1. USA Analysis
19.1.1. By Product Grade
19.1.2. By Source
19.1.3. By End Use
19.2. Canada Analysis
19.2.1. By Product Grade
19.2.2. By Source
19.2.3. By End Use
19.3. Mexico Analysis
19.3.1. By Product Grade
19.3.2. By Source
19.3.3. By End Use
19.4. Brazil Analysis
19.4.1. By Product Grade
19.4.2. By Source
19.4.3. By End Use
19.5. Germany Analysis
19.5.1. By Product Grade
19.5.2. By Source
19.5.3. By End Use
19.6. Italy Analysis
19.6.1. By Product Grade
19.6.2. By Source
19.6.3. By End Use
19.7. France Analysis
19.7.1. By Product Grade
19.7.2. By Source
19.7.3. By End Use
19.8. United Kingdom Analysis
19.8.1. By Product Grade
19.8.2. By Source
19.8.3. By End Use
19.9. Spain Analysis
19.9.1. By Product Grade
19.9.2. By Source
19.9.3. By End Use
19.10. Russia Analysis
19.10.1. By Product Grade
19.10.2. By Source
19.10.3. By End Use
19.11. China Analysis
19.11.1. By Product Grade
19.11.2. By Source
19.11.3. By End Use
19.12. Japan Analysis
19.12.1. By Product Grade
19.12.2. By Source
19.12.3. By End Use
19.13. S. Korea Analysis
19.13.1. By Product Grade
19.13.2. By Source
19.13.3. By End Use
19.14. India Analysis
19.14.1. By Product Grade
19.14.2. By Source
19.14.3. By End Use
19.15. ASEAN Analysis
19.15.1. By Product Grade
19.15.2. By Source
19.15.3. By End Use
19.16. Australia and New Zealand Analysis
19.16.1. By Product Grade
19.16.2. By Source
19.16.3. By End Use
19.17. Türkiye Analysis
19.17.1. By Product Grade
19.17.2. By Source
19.17.3. By End Use
19.18. South Africa Analysis
19.18.1. By Product Grade
19.18.2. By Source
19.18.3. By End Use
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Glycolic Acid)
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis
20.3.1. By Regional footprint of Players
20.3.2. Product foot print of Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
21.3.1. The Chemours Company
21.3.1.1. Overview
21.3.1.2. Product Portfolio
21.3.1.3. Profitability by Market Segments (Product Grade/Source/End Use/Region)
21.3.1.4. Sales Footprint
21.3.1.5. Strategy Overview
21.3.2. Zhonglan Industry Co., Ltd.
21.3.3. Hefei TNJ Chemical Industry Co., Ltd.
21.3.4. Siddharth Chlorochem Pvt. Ltd.
21.3.5. Penta International Corporation
21.3.6. Connect Chemicals
21.3.7. Charkit Chemical Company LLC
21.3.8. Beijing LYS Chemicals Co., Ltd.
21.3.9. Haihang Industry Co., Ltd.
21.3.10. CrossChem LP
21.3.11. Spectrum Chemical Manufacturing Corp.
22. Assumptions and Acronyms Used23. Research Methodology
List of Tables
Table 01: Global Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 02: Global Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 03: Global Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 04: Global Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 05: Global Size Volume (Tons) and Value (US$ Million) Forecast By Region, 2017 to 2032
Table 06: North America Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 07: North America Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 08: North America Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 09: North America Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 10: North America Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 11: Latin America Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 12: Latin America Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 13: Latin America Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 14: Latin America Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 15: Latin America Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 16: Europe Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 17: Europe Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 18: Europe Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 19: Europe Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 20: Europe Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 21: East Asia Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 22: East Asia Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 23: East Asia Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 24: East Asia Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 25: East Asia Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 26: South Asia Pacific Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 27: South Asia & Pacific Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 28: South Asia & Pacific Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 29: South Asia & Pacific Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 30: South Asia & Pacific Size Value (US$ Million) Forecast By End Use, 2017 to 2032
Table 31: Middle East & Africa Size Volume (Tons) and Value (US$ Million) Forecast By Country, 2017 to 2032
Table 32: Middle East & Africa Size Volume (Tons) and Value (US$ Million) Forecast By Product Grade, 2017 to 2032
Table 33: Middle East & Africa Size Volume (Tons) and Value (US$ Million) Forecast By Source, 2017 to 2032
Table 34: Middle East & Africa Size Volume (Tons) Forecast By End Use, 2017 to 2032
Table 35: Middle East & Africa Size Value (US$ Million) Forecast By End Use, 2017 to 2032
List of Charts
Figure 01: Global Historical Volume (Tons), 2017 to 2021
Figure 02: Global Current and Forecast Volume (Tons), 2022 to 2032
Figure 03: Global Historical Value (US$ Million), 2017 to 2021
Figure 04: Global Current and Forecast Value (US$ Million), 2022 to 2032
Figure 05: Global Incremental $ Opportunity (US$ Million), 2022 to 2032
Figure 06: Global Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 07: Global Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 08: Global Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 09: Global Absolute $ Opportunity by Technical Grade Segment, 2017 to 2032
Figure 10: Global Absolute $ Opportunity by Pharmaceutical Grade Segment, 2017 to 2032
Figure 11: Global Absolute $ Opportunity by Industrial Grade Segment, 2017 to 2032
Figure 12: Global Share and BPS Analysis By Source– 2022 & 2032
Figure 13: Global Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 14: Global Attractiveness Analysis By Source, 2022 to 2032
Figure 15: Global Absolute $ Opportunity by Natural Segment, 2017 to 2032
Figure 16: Global Absolute $ Opportunity by Synthetic Segment, 2017 to 2032
Figure 17: Global Share and BPS Analysis By End Use– 2022 & 2032
Figure 18: Global Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 19: Global Attractiveness Analysis By End Use, 2022 to 2032
Figure 20: Global Absolute $ Opportunity by Personal Care Segment, 2017 to 2032
Figure 21: Global Absolute $ Opportunity by Chemicals Segment, 2017 to 2032
Figure 22: Global Absolute $ Opportunity by Oil & Gas Segment, 2017 to 2032
Figure 23: Global Absolute $ Opportunity by Textile Segment, 2017 to 2032
Figure 24: Global Absolute $ Opportunity by Pharmaceuticals Segment, 2017 to 2032
Figure 25: Global Absolute $ Opportunity by Agriculture Segment, 2017 to 2032
Figure 26: Global Absolute $ Opportunity by Electronics Segment, 2017 to 2032
Figure 27: Global Absolute $ Opportunity by Others Segment, 2017 to 2032
Figure 28: Global Share and BPS Analysis By Region– 2022 & 2032
Figure 29: Global Y-o-Y Growth Projections By Region, 2022 to 2032
Figure 30: Global Attractiveness Analysis By Region, 2022 to 2032
Figure 31: Global Absolute $ Opportunity by North America Segment, 2017 to 2032
Figure 32: Global Absolute $ Opportunity by Latin America Segment, 2017 to 2032
Figure 33: Global Absolute $ Opportunity by Europe Segment, 2017 to 2032
Figure 34: Global Absolute $ Opportunity by East Asia Segment, 2017 to 2032
Figure 35: Global Absolute $ Opportunity by South Asia Pacific Segment, 2017 to 2032
Figure 36: Global Absolute $ Opportunity by Segment, 2017 to 2032
Figure 37: North America Share and BPS Analysis By Country– 2022 & 2032
Figure 38: North America Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 39: North America Attractiveness Projections By Country, 2022 to 2032
Figure 40: North America Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 41: North America Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 42: North America Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 43: North America Share and BPS Analysis By Source– 2022 & 2032
Figure 44: North America Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 45: North America Attractiveness Analysis By Source, 2022 to 2032
Figure 46: North America Share and BPS Analysis By End Use– 2022 & 2032
Figure 47: North America Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 48: North America Attractiveness Analysis By End Use, 2022 to 2032
Figure 49: Latin America Share and BPS Analysis By Country– 2022 & 2032
Figure 50: Latin America Y-o-Y Growth Projections By Country, 2020 - 2031
Figure 51: Latin America Attractiveness Projections By Country, 2020 - 2031
Figure 52: Latin America Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 53: Latin America Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 54: Latin America Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 55: Latin America Share and BPS Analysis By Source– 2022 & 2032
Figure 56: Latin America Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 57: Latin America Attractiveness Analysis By Source, 2022 to 2032
Figure 58: Latin America Share and BPS Analysis By End Use– 2022 & 2032
Figure 59: Latin America Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 60: Latin America Attractiveness Analysis By End Use, 2022 to 2032
Figure 61: Europe Share and BPS Analysis By Country– 2022 & 2032
Figure 62: Europe Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 63: Europe Attractiveness Projections By Country, 2022 to 2032
Figure 64: Europe Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 65: Europe Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 66: Europe Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 67: Europe Share and BPS Analysis By Source– 2022 & 2032
Figure 68: Europe Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 69: Europe Attractiveness Analysis By Source, 2022 to 2032
Figure 70: Europe Share and BPS Analysis By End Use– 2022 & 2032
Figure 71: Europe Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 72: Europe Attractiveness Analysis By End Use, 2022 to 2032
Figure 73: East Asia Share and BPS Analysis By Country– 2022 & 2032
Figure 74: East Asia Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 75: East Asia Attractiveness Projections By Country, 2022 to 2032
Figure 76: East Asia Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 77: East Asia Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 78: East Asia Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 79: East Asia Share and BPS Analysis By Source– 2022 & 2032
Figure 80: East Asia Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 81: East Asia Attractiveness Analysis By Source, 2022 to 2032
Figure 82: East Asia Share and BPS Analysis By End Use– 2022 & 2032
Figure 83: East Asia Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 84: East Asia Attractiveness Analysis By End Use, 2022 to 2032
Figure 85: South Asia Pacific Share and BPS Analysis By Country– 2022 & 2032
Figure 86: South Asia Pacific Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 87: South Asia Pacific Attractiveness Projections By Country, 2022 to 2032
Figure 88: South Asia & Pacific Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 89: South Asia & Pacific Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 90: South Asia & Pacific Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 91: South Asia & Pacific Share and BPS Analysis By Source– 2022 & 2032
Figure 92: South Asia & Pacific Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 93: South Asia & Pacific Attractiveness Analysis By Source, 2022 to 2032
Figure 94: South Asia & Pacific Share and BPS Analysis By End Use– 2022 & 2032
Figure 95: South Asia & Pacific Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 96: South Asia & Pacific Attractiveness Analysis By End Use, 2022 to 2032
Figure 97: Middle East & Africa Share and BPS Analysis By Country– 2022 & 2032
Figure 98: Middle East & Africa Y-o-Y Growth Projections By Country, 2022 to 2032
Figure 99: Middle East & Africa Attractiveness Projections By Country, 2022 to 2032
Figure 100: Middle East & Africa Share and BPS Analysis By Product Grade– 2022 & 2032
Figure 101: Middle East & Africa Y-o-Y Growth Projections By Product Grade, 2022 to 2032
Figure 102: Middle East & Africa Attractiveness Analysis By Product Grade, 2022 to 2032
Figure 103: Middle East & Africa Share and BPS Analysis By Source– 2022 & 2032
Figure 104: Middle East & Africa Y-o-Y Growth Projections By Source, 2022 to 2032
Figure 105: Middle East & Africa Attractiveness Analysis By Source, 2022 to 2032
Figure 106: Middle East & Africa Share and BPS Analysis By End Use– 2022 & 2032
Figure 107: Middle East & Africa Y-o-Y Growth Projections By End Use, 2022 to 2032
Figure 108: Middle East & Africa Attractiveness Analysis By End Use, 2022 to 2032
