Glycolic Acid Market Size Analysis, Drot, Pest, Porter’s, Region & Country Forecast To 2017-2027

Glycolic Acid Market Size Analysis, Drot, Pest, Porter’s, Region & Country Forecast To 2017-2027

Reports and Data estimates the global Glycolic Acid competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Glycolic Acid during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Shandong Xinhua Pharmaceutical Co. Ltd., Zhonglan Industry Co. Ltd., Parchem Fine Specialty Chemicals, China Petroleum Chemical Corporation, Water Chemical Co. Ltd., Mehul Dye Chem Industries, Eastman Chemical Company, CABB GmbH, Avid Organics, and Saanvi Corporation

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Glycolic Acid Overview :-

The worldwide Glycolic Acid Market is forecasted to grow at a rate of 7.7% in terms of value, from USD 469.71 million in 2019 to reach USD 853.41 million by 2027. Glycolic acid is a strongly soluble alpha-hydroxy acid (AHA) and is the lowest. It is a colorless, odorless crystalline block, produced from various crops of sugar. Glycolic acid may also be extracted from plant products such as sugar cane, pineapple, cantaloupe, beet sugar, and unripe grapes. Hydro-acetic acid is obtained by multiple methods, such as the reaction of chloroacetic acid with sodium hydroxide slagged through re-acidification, oxalic acid hydrogenation, and cyanohydrin mediated formaldehyde hydroxylation. The most commonly employed method is formaldehyde reaction with the gas synthesis in the presence of catalyst because it has small production costs.

Glycolic acid is often used as a skincare agent in the cosmetic industry in numerous applications, including dyeing and tanning agents in the garment industry, flavoring glycerin in the food beverage industry. It is used in the formation of adhesives and plastics.

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For the purpose of this report Reports and Data has segmented global Glycolic Acid market on the basis of type, application, and region:

Purity Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

  • Glycolic Acid 99%
  • Glycolic Acid 70%
  • Glycolic Acid 30%
  • Others

Grade Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027)

  • Cosmetic
  • Technical
  • Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

  • Personal Care
  • Household
  • Textile
  • Food Processing
  • Pharmaceutical
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

 

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 Key Questions answered by the Report:

  • What is the expected year-on-year growth of the Glycolic Acid during the forecast period?
  • What key trends are expected influence revenue growth of the market going ahead?
  • Which region is expected to account for largest revenue share over the forecast period?
  • Which key companies are profiled in the report?

 

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About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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