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Glycolic Acid Market is Expected to Expand at an Impressive Rate by 2027

Glycolic Acid Market Set for Rapid Growth and Trend, by 2027<br>

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Glycolic Acid Market is Expected to Expand at an Impressive Rate by 2027

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  1. Glycolic Acid Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2026 ©2019 Transparency Market Research, All Rights Reserved

  2. About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

  3. Glycolic Acid Market: Key Highlights • The global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast period • Rising use of skin care and hair care products across the globe is the primary factor projected to drive the global glycolic acid market during the forecast period. Additionally, increase in usage of glycolic acid for industrial and household cleaning purposes, due to rise in awareness about hygiene is anticipated to drive the global glycolic acid market during the forecast period.

  4. Key Drivers of Glycolic Acid Market • Glycolic acid products are widely used in industrial cleaning applications in water treatment plants, dairies, concrete trucks, and metal cleaning plants. Glycolic acid is an ideal material for industrial cleaning, as it is eco-friendly, biodegradable, readily rinsable, dilutable, and compatible with several formulations. Thus, growth of the global industrial cleaning sector is expected to fuel the demand for glycolic acid during the forecast period. • Polyglycolic acid is used to manufacture drug delivery devices for small-molecule drugs, proteins, and macromolecules in commercial and research applications. It is also used in various tissue-engineering applications, as it possesses tunable mechanical properties, biodegradability, and biocompatibility. • This factor is expected to drive the demand for polyglycolic acid globally in the near future.

  5. Increase in Use of Glycolic Acid in Cleaning Agents In terms of application, cleaning agent was a rapidly expanding segment of the global glycolic acid market in 2018. The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes. Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency on hard water scales and leads to low corrosion of household surfaces Glycolic acid is increasingly being used in cleaning and washing of various industrial equipment, due to its solubility and ease of handling View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  6. Availability of Superior-performance Substitutes to Glycolic Acid Likely to Hamper Global Market Personal care products, such as skin care and hair care products are driving the glycolic acid market. Glycolic acid is used as an exfoliating and moisturizing agent in the formulation of various personal care products. Development of substitutes, with similar or better functional values, is a major factor restraining the glycolic acid market. Salicylic acid, which is a beta hydroxyl acid, is possibly a key substitute to glycolic acid for use in skin care product formulations. Salicylic acid is more effective in terms of skin exfoliation than glycolic acid. Various companies have been using salicylic acid in their product formulations. This factor is likely to hamper the glycolic acid market during the forecast period. ©2019 Transparency Market Research, All Rights Reserved

  7. To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact:Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY – 12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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