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Glycolic Acid Market

Glycolic Acid Market

Glycolic Acid Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Glycolic Acid Market

About the Report

The global glycolic acid market is projected to expand at a CAGR of around 7% over the 2021 to 2031 assessment period. Rising usage in skin care and hair care products is expected to shape market growth over the coming years.

Glycolic acid is water soluble compound used as an ingredient in personal care and cosmetic products, skin treatment products along with as a tanning agent in textile chemical or auxiliary formulations. Cosmetics and personal care products containing glycolic acid helps to enhance texture of and also aids in the reduction of wrinkles, acne scars etc. In addition, it is also a key ingredient in medicine used to treat actinic keratosis, hyperkeratosis, and seborreheic keratosis, among other skin disorder.

Foremost objective of this new report by Fact.MR is to pitch insights on the market scenario, and demand and supply advancements in this space. The report provides a taxonomy elaborating on key segments. The report also outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends and pricing analysis, along with key success factors.

Market trends have been tracked in 20+ high-growth countries, pointing towards countries in North America, Europe, and Asia Pacific holding bulk of the market share.This comprehensive report on glycolic acid is intended to provide readers with a 360 degree understanding of the dynamics of the market.

The report also provides several decision-supporting frameworks that can help stakeholders in the glycolic acid industry to take data-driven decisions on growth, expansion, acquisitions, and capacity addition.

Historical Trends Vs Future Market Projections

Over the span of the past half-decade, per capita spending on personal care and cosmetic products that ameliorate the skin texture has doubled. Furthermore, brands offering skin treatment based OTC product have also penetrated beyond metro cities across high potential countries.

Resultantly, a surge in consumer demand for such products reported worldwide. Since, glycolic acid is a key ingredient used in skin benefitting formulations, the usurped demand of skin befitting agent translated in the heightened demand for glycolic acid.

Producers, wholesalers and importers resonated to the increased demand for glycolic acid and ensured regular supply to the market. In order to maintain a regular supply, companies also enhanced their production capacity or optimized existing production.

Demand for glycolic acid is projected to gain registering an impressive growth of 7% over the forecast period (2021-2031). The textile industry is one of the driving factor for the increase in demand for glycolic acid, as it acts as a dyeing and tanning agent in the textile industry.

In addition to this, glycolic acid is colorless and odorless, which is soluble in water and also act as the preservatives and flavoring agent in the food processing unit.

Owing to these factors, demand over the long-term forecast period can be estimated by breaking the forecast timeline into three parts.

  • Short-run: Recovery growth from the pandemic is set to be observed over this term.
  • Medium-run: Demand and price normalization are set to be observed over this period.
  • Long-run: Aims to increase the economic cycles and inflation rates to increase the CAGR

What are the Key Factors Driving Demand for Glycolic Acid?

Beauty and personal care, electronics, leather dyeing and tanning, plant growth stimulation, food flavouring and preservation, polyglycolic acid processing, and cleaning agents are some of the application area that use glycolic acid, that likely to create a strong growth foundation for glycolic acid in the short to long term forecast period.

Glycolic acid is widely used in application where low levels of metallic impurities are needed. It’s used in electronics to clean copper substrates. Glycolic acid has strong metal ion complexing properties, low corrosion rates, a fast pH adjustment profile, and excellent environmental, protection, and handling properties. During the forecast period, these factors are expected to fuel the glycolic acid demand.

glycolic acid market region

Country-wise Analysis

Why is China a Huge Market for Glycolic Acid?

Due to population growth, enhanced living standard, and an increase in e-commerce activities, countries of Asia Pacific is expected to have a highly profitable market for glycolic acid during the forecast period. The country’s economy is growing at a rapid pace as a result of easy availability of raw materials and cheap labour, many leading players have begun investing in the chemical sector. Dominant players from other regions are collaborating with local players through partnerships, acquisitions and mergers.

In addition, China is a major producer of specialty chemical along with the significant number of glycolic acid manufacturers. Some of the major manufacturers in the country are Shandong Xinhua Pharmaceuticals Co. Ltd., Zhonglan Industry Co. Ltd., Water Chemicals Co. Ltd., Hebel Chengxin Co. Ltd., and Hefei TNJ Chemical Industry Co. Ltd.

How is the Medical Sector Steering Demand for Glycolic Acid in Europe?

By the end of forecast period, the European market is expected to develop at a rapid pace because medical facilities have been rapidly expanding in countries such as Germany, France, the United Kingdom, and the Netherland, so the medical industry would be a key factor driving demand for glycolic acid in Europe.

It is used as an intermediate in the formulation of various medicine. When creams or medicine made from glycolic acid is applied to the skin, it breaks the bindings between outer layer of skin cells and next layer of cells, as this causes the peeling effect, making the skin look smoother.

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Category-wise Insights

Why is Glycolic Acid Demanded from Various Industries?

Glycolic acid is widely used in body care formulations as an exfoliating and moisturising agent. Various hair products such as shampoos, conditioners as well as hair and scalp masks, all contain glycolic acid as ingredients. Exfoliation cosmetics, creams, serums, lotions, cleaner and tonners, moisturising skin creams and lotions all contain glycolic acid.

Glycolic acid has great potential due to its wide range of applications in the leather industry as it can be used in the leather deliming method and have leather dyeing and tanning applications.

How are Manufacturers in the Tissue Engineering Industry Benefiting from Innovative Biomaterials?

Biomaterials for tissue engineering are providing prospects for glycolic acid manufacturers. Since biomaterials are increasingly being used to create scaffolds in the field of regenerative medicines, this phenomenon is generating incremental opportunities for manufacturers.

As a result, manufacturers are improving the efficiency of scaffold manufacturing. Thus, revolutionary polymers involving polyglycolic acid for the development of synthetic polymers have been developed. As a result, the glycolic acid market’s polyglycolic acid manufacturing application segment is expected to hit 9,800 tonnes by 2027.

Will Demand for Glycolic Acid-based Skin Care Products Rise Due to Digital Pollution?

These days as people have become more aware of digital emissions. The blue light produced by LED screens on smartphones, televisions and computer-based has been found to infiltrate the skin’s dermis, causing oxidative stress and premature ageing in people.

As a result, glycolic acid manufacturers are raising awareness and expanding the availability of glycolic acid-based skincare products. By 2027, the personal care and cosmetics application segment’s skincare sub-segment is expected to consumeover 25 KT of glycolic acid. As a result, manufacturers are constantly concentrating on developing new skincare products.

Why are Traditional Mineral Acid-based Cleaners Being Replaced by Sustainable Cleaning Agents?

One of the major functioning areas for glycolic acid in household cleaning and maintenance. As a result, manufacturers are developing new cleaning agent to meet the needs of end-users in both domestic and commercial applications, such as hotel housekeeping and restaurant maintenance.

As a result, the cleaning agent application segment is expected to produce over 30 KT by 2031. Thus, glycolic acid manufacturers are developing new cleaning agents.

glycolic acid market competition

Competitive Landscape

Aforementioned players rely on a blend of organic and inorganic strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions, and strengthening of regional and global distribution networks.

An Adaptive Approach to Modern-day Research Needs

Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Thousand for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Mexico
  • Venezuela
  • Germany
  • U.K.
  • Russia
  • China
  • Japan
  • India
  • GCC

Key Segments Covered

  • Grade
  • Application
  • Region

Key Companies Profiled

  • Avid Organics
  • CABB Group GmbH
  • China Petroleum & Chemical Corporation (SINOPEC)
  • CrossChem LP
  • Hebei Chengxin Co., Ltd.
  • Hefei TNJ Chemical Industry Co.Ltd.
  • Phibro Animal Health Corporation
  • Saanvi Corp.Shandong Xinhua Pharmaceutical Co.Ltd.
  • The Chemours Company
  • Water Chemical Co., Ltd
  • Zhonglan Industry Co., Ltd.

Key Market Segments Covered

  • Grade

    • Glycolic Acid ≤68%
    • Glycolic Acid 70%
    • Glycolic Acid ≥99%
  • Application

    • Personal Care & Cosmetics
      • Skin Care
      • Hair Care
      • Others (including Nail Care and Dental Care)
    • Plant Growth Stimulation
    • Food Flavoring & Preservation
    • Polyglycolic Acid (PGA) Manufacturing
    • Cleaning Agent
      • Household
      • Industrial
      • Institutional
    • Oil & Gas
    • Electronics
    • Leather Dyeing & Tanning
    • Others (including Biomedical & Drug Delivery and Gas Barrier Packaging)
  • Regions

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

- FAQs -

Fact.MR projects the market to register a CAGR close to 7% across the 2021-2031 assessment period. Higher penetration in skin care products will bolster demand over the coming years.
As per Fact.MR’s projections, the Asia Pacific region is expected to hold a pivotal role driving demand for glycolic acid. Surge in in population, improvements in standard of living, and rise of e-Commerce activities in the region are aiding market expans
Prominent players manufacturing glycolic acid include The Chemours Company, Phibro Animal Health Corporation, CABB Group GmbH, China Petroleum & Chemical Corporation (SINOPEC), mShandong Xinhua Pharmaceutical Co.Ltd., CrossChem LP, Avid Organics, Zhonglan

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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