Glycolic Acid Market
Glycolic Acid Market Study by ?68%, 70%, and ?99% Grade for Personal Care & Cosmetics, Plant Growth Stimulation, Food Flavoring & Preservation, and Polyglycolic Acid Manufacturing from 2024 to 2034
Analysis of Glycolic Acid Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Glycolic Acid Market Outlook (2024 to 2034)
The global glycolic acid market is projected to reach a valuation of US$ 1.13 billion by the end of 2034, up from US$ 576.2 million in 2024, which amounts to market expansion at a CAGR of 7% from 2024 to 2034.
The market is primarily being driven by glycolic acid's growing adoption as a chelating agent and pH regulator in the agricultural industry. Increasing usage of corrosion inhibitors and scale removers in the wastewater treatment industry is influencing market expansion.
Market growth is supported by consumers’ growing awareness of clean and sustainable beauty products. Awareness of the benefits of chemical peels and professional skincare treatments drives up product demand in the medical and aesthetic industries. The market is further led by the use of the product for metal cleaning and surface treatment on a global scale.
Growing demand for glycolic acid in the pharmaceutical industry, especially in the production of skincare products, is a key market growth driver. Increasing use of glycolic acid in the creation of industrial and household goods, focusing on physical appearance, and the expansion of several end-user sectors in developing nations also positively influencing market growth.
Growing environmental concerns leading to the production of economical and biodegradable cleaning products and a focus on technological advancements in production techniques are contributing to the expansion of the glycolic acid market size.
| Report Attribute | Detail |
|---|---|
| Glycolic Acid Market Size (2024E) | US$ 576.2 Million |
| Projected Market Value (2034F) | US$ 1.13 Billion |
| Global Market Growth Rate (2024 to 2034) | 7% CAGR |
| China Market Value (2034F) | US$ 159.8 Million |
| Canada Market Growth Rate (2024 to 2034) | 5.1% CAGR |
| North America Market Share (2024E) | 21.6% |
| East Asia Market Value (2034F) | US$ 278.8 Million |
| 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. |
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What are the Key Glycolic Acid Market Growth Drivers?
“Growing Popularity of Natural Cosmetic Products and Biodegradability of Glycolic Acid”
Rising popularity of cosmetic products containing natural ingredients is a key driver for market growth. Because of its several skincare benefits, glycolic acid has established a significant position in the global cosmetic industry. Glycolic acid has anti-aging properties and is an effective skin treatment ingredient. The acid is gentle on sensitive skin and effectively treats acne and other skin issues.
Glycolic acid is biodegradable, metoxyacetic acid-free, and non-flammable, which makes it an ideal component in the dyeing industry. It is exempt from the volatile organic compound (VOC) category, which encourages its use in the chemical industry. The market's growth is also propelled by the shift towards natural products, driven by concerns over the adverse effects of chemicals on skin and health.
Which Factors are Projected to Impede Market Expansion to Some Extent?
“Need for Caution and Advanced Technology in Glycolic Acid Extraction”
Glycolic acid is produced through two methods: carbonylation of formaldehyde or glycolonitrile as a starting material. Both of these procedures result in the formation of formaldehyde as a byproduct. When exposed internally, formaldehyde is a harmful sensitive substance that can harm the immune system. Formaldehyde has been linked to the development of cancer in humans.
Repeated application of this substance irritates the eyes and skin. While formaldehyde is a residual product, an unintentional mixture with glycolic acid has the potential to cause severe harm to users. As a result, the extraction of glycolic acid highlights extreme caution and cutting-edge technology that is limiting market expansion.
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Country Wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that North America is projected to hold 17.5% share of the global market by 2034. Manufacturers of glycolic acid have broadened their presence to various global regions such as Southeast Asia, Central and South America, and Australia. This growth aids in the diversification of their supply chains and reduces dependence on a single provider.
What is Enabling Glycolic Acid Producers to Establish Their Presence in the United States?
“Rising Demand for Keratolytic Agents to Combat Dermatological Disorders”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 89.2 Million |
| Growth Rate (2024 to 2034) | 5% CAGR |
| Projected Value (2034F) | US$ 145.8 Million |
Increasing use of glycolic acid of 99% purity in homes, pharmaceuticals, textiles, and factories is contributing to market growth. The pharmaceutical sector uses polymers with a 70% purity to create medical sutures and creams. In the United States, extensive manufacturing of natural skincare products like creams, toners, and masks is a key glycolic acid market trend benefitting suppliers and producers alike.
Glycolic acid market growth is driven by the increasing need for keratolytic agents to address dermatological conditions. Companies in the glycolic acid market are focusing on product innovation to capture a larger industry share and investing in R&D to develop application-specific products. In addition, the rising global demand for glycolic acid in the oil and refining industry presents lucrative opportunities for market participants, as hydroxyacetic acid facilitates economical cleaning and enhances processes.
What is Contributing to Substantial Market Growth in China?
“Market Benefitting from Focus on Shale Gas Extraction”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 73.1 Million |
| Growth Rate (2024 to 2034) | 8.1% CAGR |
| Projected Value (2034F) | US$ 159.8 Million |
Demand for glycolic acid is on the rise in China due to its multifaceted benefits, natural sources, waste reduction, regional production, environmentally conscious practices, consumer preference, and technological advancements. In addition, the versatility of glycolic acid and AHA compounds contributes to this trend. Major drivers include increased packaging demand, polyglycolic acid usage, and demand for shale gas extraction in the nation. Also, the utilization of hydroxyacetic acid in various skincare applications, such as cell recovery and exfoliation, is projected to further propel market growth.
Category-wise Insights
Glycolic acid application is segmented into personal care & cosmetics, plant growth stimulation, food flavoring & preservation, polyglycolic acid (PGA) manufacturing, cleaning agents, oil & gas, electronics, leather dyeing & tanning. Out of these eight segments, polyglycolic acid (PGA) manufacturing is estimated to account for a leading glycolic acid market share of 16.9% in 2024.
Which Grade of Glycolic Acid Accounts for Higher Application across Industries?
“Extensive Use of High-Purity Glycolic Acid in Textiles, Food & Beverages, and Oil & Gas Refining”
| Attribute | Glycolic Acid ≥99% |
|---|---|
| Segment Value (2024E) | US$ 410.8 Million |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 803.6 Million |
Increased use of glycolic acid of ≥99% purity in cosmetic products is a significant factor driving market growth. In the textile industry, glycolic acid is used as a dyeing and tanning agent. In the food & beverages industry, it serves as a flavoring agent and preservative. The effective environmental protection, handling, and robust metal ion complexing properties of high-purity glycolic acid render it an economical cleaning method in the oil and refining industry.
Which Application Accounts for Extensive Use of Glycolic Acid?
“PGA Production Accounts for Leading Market Share”
| Attribute | Polyglycolic Acid (PGA) Manufacturing |
|---|---|
| Segment Value (2024E) | US$ 97.4 Million |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 190.4 Million |
PGA, a synthetic, absorbable suture material derived from the homopolymer of glycolic acid, is manufactured through the ring-opening polymerization of glycolide and the polycondensation of glycolic acid. This thermoplastic material offers exceptional resistance to UV and moisture, finding extensive applications in shale gas extraction, biomedical sectors, and packaging industries. The global polyglycolic acid (PGA) market is exhibiting growth driven by increased demand for surgical sutures in the medical field. PGA mesh fabric, commonly used to aid in tissue healing during surgeries, further contributes to its widespread usage.
The textile industry benefits from the application of polyglycolic acid due to its high UV resistance properties, potentially impacting market size positively. Additionally, the emergence of newly developed polyglycolic acid products boasting biodegradable properties presents opportunities for tapping into new market segments. However, challenges such as high maintenance costs and rapid degradation rates are projected to hinder the growth of the polyglycolic acid segment during the forecasted period.
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Competitive Landscape
Key players in the glycolic acid market are 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., and Zhonglan Industry Co., Ltd. Market participants are fostering partnerships with globally famous companies to gain a strong presence in the business landscape and increase their market share.
- In 2021, The Chemours Company launched Glyclean D, a potent disinfectant and cleaner with a demonstrated capability to neutralize the SARS-CoV-2 virus, as well as other viruses and bacteria. This groundbreaking product is officially registered with the United States Environmental Protection Agency (EPA). The composition of Glyclean D includes a 70% concentration of glycolic acid (GA), an EPA-endorsed antimicrobial component specifically engineered for use in liquid disinfectants for nonporous hard surfaces.
- Glyclean D distinguishes itself as an effective disinfectant originating from natural sources. Unlike harsh and corrosive chemicals such as quats or bleach, Glyclean D is both biodegradable and eco-friendly providing a more sustainable alternative that values the health of individuals and the environment.
Key Segments of Glycolic Acid Market Research
-
By Grade :
- ≤68%
- 70%
- ≥99%
-
By Application :
- Personal Care & Cosmetics
- Plant Growth Stimulation
- Food Flavoring & Preservation
- Polyglycolic Acid (PGA) Manufacturing
- Cleaning Agents
- Oil & Gas
- Electronics
- Leather Dyeing & Tanning
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Grade 6.2. Application 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grade 7.1. ≤68% 7.2. 70% 7.3. ≥99% 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Personal Care & Cosmetics 8.2. Plant Growth Stimulation 8.3. Food Flavoring & Preservation 8.4. Polyglycolic Acid (PGA) Manufacturing 8.5. Cleaning Agents 8.6. Oil & Gas 8.7. Electronics 8.8. Leather Dyeing & Tanning 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Grade, Application, and Region for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Avid Organics 19.2. CABB Group GmbH 19.3. China Petroleum & Chemical Corporation (SINOPEC) 19.4. CrossChem LP 19.5. Hebei Chengxin Co., Ltd. 19.6. Hefei TNJ Chemical Industry Co. Ltd. 19.7. Phibro Animal Health Corporation 19.8. Saanvi Corp. 19.9. Shandong Xinhua Pharmaceutical Co. Ltd. 19.10. The Chemours Company 19.11. Water Chemical Co., Ltd. 19.12. Zhonglan Industry Co., Ltd. 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Grade, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Grade, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Grade, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size for glycolic acid in 2024?
The global glycolic acid market is valued at US$ 576.2 million in 2024.
How is the market for glycolic acid projected to fare going forward?
The market for glycolic acid is forecasted to expand at 7% CAGR and reach US$ 1.13 billion by 2034.
What is the forecasted CAGR for the market in North America?
The North American market is forecasted to increase at 4.7% CAGR through 2034.
How much share does East Asia hold in the global market?
East Asia accounts for 22.3% market share in 2024.
What are the statistics listed for the market in South Korea?
The South Korean market is projected to expand at 9.8% CAGR from 2024 to 2034.
Where is the use of glycolic acid higher?
Oil & gas accounts for 18.9% market share while polyglycolic acid manufacturing holds 16.9% revenue share.
Glycolic Acid Market