Glycolic Acid Market Size, Industry Growth, Forecast 2034

Glycolic Acid Market: Industry Perspective

The global glycolic acid market size was worth around USD 324.29 Million in 2024 and is predicted to grow to around USD 652.39 Million by 2034 with a compound annual growth rate (CAGR) of roughly 7.24% between 2025 and 2034. The report analyzes the global glycolic acid market's drivers, restraints/challenges, and the effect they have on the demand during the projection period. In addition, the report explores emerging opportunities in the glycolic acid industry.

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Glycolic Acid Market: Overview

Glycolic acid belongs to alpha hydroxyl acid compounds that are largely found in fruits such as unripe grapes, sugarcane, and pineapple. The product has tiny molecules in groups and facilitates quick & easy human skin penetration. It finds massive applications in cosmetic formulations and skin therapy. Furthermore, the compound is utilized in producing polyglycolic acid and in absorbable sutures used in medical applications.

Key Insights

• As per the analysis shared by our research analyst, the global glycolic acid market is estimated to grow annually at a CAGR of around 7.24% over the forecast period (2025-2034).
• Regarding revenue, the global glycolic acid market size was valued at around USD 324.29 Million in 2024 and is projected to reach USD 652.39 Million by 2034.
• The glycolic acid market is projected to grow at a significant rate due to rising demand in cosmetics for skin exfoliation, increasing applications in textiles and pharmaceuticals, growth in organic personal care products, and advancements in chemical formulations.
• Based on Grade, the Cosmetic Grade segment is expected to lead the global market.
• On the basis of Application, the Personal Care & Dermatology segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia Pacific is predicted to dominate the global market during the forecast period.

Glycolic Acid Market: Dynamics

Expansion of glycolic acid over the forecasting timeline is owing to humongous demand for compound across textile, cosmetic, and pharmaceutical sectors. In addition to this, the product offers a large number of benefits including dry skin hydrate, reduction in wrinkles & fine lines, smoothening & brightening of skin complexion, acne reduction, and fading hyperpigmentation. This has facilitated product penetration in the personal care sector. Furthermore, large-scale use of compound in dandruff treatment as well as hair conditioning activities will spearhead growth of glycolic acid industry in ensuing years. Nevertheless, easy access to substitute products such as salicylic acid will pose threat to growth of glycolic acid market.

In addition to this, rise in demand for glycolic acid in bathroom products & kitchen cleaners will augment size of glycolic acid market. Industry players are unraveling new growth avenues in tissue engineering biomaterials and this will contribute notably towards market proceeds. Thriving healthcare industry and need of orthopedic screws & prostheses will result in steep increment in growth of glycolic acid industry.

Glycolic Acid Market: Segmentation Analysis

The global glycolic acid market is segmented based on grade, application, and region.

Based on Grade, the global glycolic acid market is divided into cosmetic grade and technical grade.

On the basis of Application, the global glycolic acid market is bifurcated into personal care & dermatology, industrial, household, and others.

Glycolic Acid Market: Report Scope

Glycolic Acid Market: Regional Analysis

Asia Pacific Glycolic Acid Market To Ascend To Scaling Heights In The Next Six Years

Growth of regional market in upcoming years can be ascribed to the rise in utilization of compounds in pharmaceuticals, food & beverages, and textile industries in countries such as India, Bangladesh, China, and Indonesia. Apart from this, a rise in product demand & its procurement in beauty & personal care products will steer regional market expansion. Massive product usage in cleansing industrial equipment owing to its lower toxicity & mild odor, as well as solubility in various solvents, will bolster market trends in the sub-continent.

Glycolic Acid Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the glycolic acid market on a global and regional basis.

• Phibro Animal Health Corporation
• Chemours Company
• Hebei Chengxin Co.
• China Petrochemical Corporation
• CABB Group
• Zhonglan Industry Co.
• Water Chemical Co.
• Xinhua Pharm
• Avid Organics
• Hefei TNJ Chemical Industry Co.

The global Glycolic Acid Market is segmented as follows:

By Grade

• Cosmetic Grade
• Technical Grade

By Application

• Personal Care & Dermatology
• Industrial
• Household

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa