Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 324.29 Million | USD 652.39 Million | 7.24% | 2024 |
FrequentlyAsked Questions
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.
The global glycolic acid market is expected to grow due to increasing demand for its use in cosmetics and personal care products, particularly in anti-aging and skin exfoliation formulations.
According to a study, the global glycolic acid market size was worth around USD 324.29 Million in 2024 and is expected to reach USD 652.39 Million by 2034.
The global glycolic acid market is expected to grow at a CAGR of 7.24% during the forecast period.
Asia Pacific is expected to dominate the glycolic acid market over the forecast period.
Leading players in the global glycolic acid market include Phibro Animal Health Corporation, Chemours Company, Hebei Chengxin Co., Ltd., China Petrochemical Corporation, CABB Group, Zhonglan Industry Co., Ltd., Water Chemical Co., Ltd, Xinhua Pharm, Avid Organics, Hefei TNJ Chemical Industry Co., Ltd., and others.
The report explores crucial aspects of the glycolic acid market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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