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    Glycolic Acid Market | Covid-19 Impact Analysis

    Glycolic Acid Market | Covid-19 Impact Analysis

    Glycolic Acid Market | Covid-19 Impact Analysis
    Report code - SRAM464 Delivery - 2 Weeks
    Glycolic Acid Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-20 See more...
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    Impact of COVID-19 on Glycolic Acid Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Glycolic Acid Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Glycolic Acid Market Insights

    Glycolic acid market is likely to witness an impressive CAGR of 7.0% during the forecast period. The growth of the market for glycolic acid is increasing on account of the surge in various applications, such as personal care & dermatology, industrial, and household, majorly in the emerging economies of the Asia-Pacific region.

    Glycolic Acid Market – Snapshot

    Growth

    7.0% for the next five years

    Major Grade Type

    Cosmetic Grade

    Dominant Application Type

    Personal Care & Dermatology

    Region with the highest demand

    Asia-Pacific

    Key Players

    Avid Organics Pvt. Ltd., CABB Group Gmbh, China Petrochemical Corporation, Hebei Chengxin Co., Ltd., Hefei TNJ Chemical Industry Co. Ltd., Phibro Animal Health Corp., The Chemours Company, Water Chemical Co., Ltd, Shandong Xinhua Pharmaceutical Co., Ltd., and Zhonglan Industry Co., Ltd.

     

    Market Share Analysis

    Glycolic-Acid-Market-Dominant-Segments

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    Glycolic Acid Market Share: By Grade Type

    Based on the grade type, the market is segmented as cosmetic grade and technical grade. The cosmetic grade segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. It is the purest form of glycolic acid. The growth of the segment is driven by the continuous rising demand for cosmetic products, to meet the need to mitigate the increasing skin-related problems, that are occurring due to growing pollution. Further, rising awareness concerning self-care is another factor attributing to the growth of this segment during the forecast period.

    Glycolic Acid Market Share: By Application Type

    Based on the application type, the glycolic acid market is segmented as personal care & dermatology, industrial, household, and others. The personal care & dermatology segment leads the market owing to the large consumption of glycolic acid for the production of various personal care products, such as sunscreen, skin creams and lotions, acne treatment solutions, men’s care products and skin lightening creams and lotions. Along with personal care & dermatology, the industrial application segment is expected to register the highest growth during the forecast period.

    Glycolic Acid Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for glycolic acid during the forecast period, with China, Japan, India, and South Korea being the major growth engines, driven by huge spending of customers on cosmetic and beauty products and the presence of a large number of production facilities of glycolic acid in the region. North America and Europe are also expected to offer promising growth opportunities during the forecast period.

    Glycolic-Acid-Market-By-Region

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    Some of the major glycolic acid manufacturers are-

    • Avid Organics Pvt. Ltd.
    • CABB Group Gmbh
    • China Petrochemical Corporation
    • Hebei Chengxin Co., Ltd.
    • Hefei TNJ Chemical Industry Co. Ltd.
    • Phibro Animal Health Corp.
    • The Chemours Company
    • Water Chemical Co., Ltd
    • Shandong Xinhua Pharmaceutical Co., Ltd.
    • Zhonglan Industry Co., Ltd.

     

    Market Scope & Segmentation

    Glycolic acid is also known as hydro acetic acid, which is derived from sugar cane. It is an odorless, hygroscopic, colorless crystalline solid, water-soluble alpha hydroxy acid (AHA) and is very effective for skin treatments.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Glycolic Acid Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The glycolic acid market is segmented into the following categories. 

    Glycolic Acid Market Size, Share, & Forecast, by Purity Type:

    • Glycolic Acid 99% (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glycolic Acid 70% (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glycolic Acid 30% (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Purity Type Analysis: Glycolic Acid 60% and Glycolic Acid 57%)

    Glycolic Acid Market Size, Share, & Forecast, by Grade Type:

    • Cosmetic Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Technical Grade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Glycolic Acid Market Size, Share, & Forecast, by Application Type:

    • Personal Care & Dermatology (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Household (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Dyeing & Tanning, Adhesive, Agriculture, Medical, and Food)

    Glycolic Acid Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Glycolic-Acid-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the grade types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Glycolic Acid Market in the foreseeable future?

    The glycolic acid market is expected to witness an impressive growth of 7.0% CAGR in the foreseeable future.

    Who are the key players in the Glycolic Acid Market?

    Avid Organics Pvt. Ltd., CABB Group Gmbh, China Petrochemical Corporation, Hebei Chengxin Co., Ltd., Hefei TNJ Chemical Industry Co. Ltd., Phibro Animal Health Corp., The Chemours Company, Water Chemical Co., Ltd, Shandong Xinhua Pharmaceutical Co., Ltd., and Zhonglan Industry Co., Ltd are among the key players in the glycolic acid market.

    Which country/region is expected to be the largest Glycolic Acid Market?

    Asia-pacific is expected to be the largest glycolic acid market during the next five years.

    Which grade type is expected to remain dominant in the Glycolic Acid Market?

    The cosmetic grade segment is expected to remain dominant in the glycolic acid market in the coming years.

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