Press release
Top Trends in Glycolic Acid Market Size 2020 - Global Industry Report 2026
According to a recent report published by Fortune Business Insights(TM), titled "Glycolic Acid Market Size, Share & Industry Analysis, By Purity (Glycolic Acid 99%, Glycolic Acid 70%, Glycolic Acid 30%, and Others), By Application (Personal Care & Cosmetics, Household, Textile, Food Processing, Pharmaceutical, and Others), and Regional Forecast, 2019-2026", the market value stood at USD 437 million in 2018.
The global glycolic acid market size is projected to reach USD 766 million by 2026, exhibiting a CAGR of 7.3% during the forecast period. Rising importance of glycolic acid in the textile industry will be one of the prime growth drivers of this market in the near future. Glycolic acid, also known as hydroacetic acid and hydroxyacetic acid, is a colorless and odorless crystalline solid derived from sugar-containing crops such as sugarcane, cantaloupe, and pineapple. It is an essential substance in the textile industry as it is the most preferred ingredient for dyeing processes, owing to its several benefits. For example, hides dyed using hydroxyacetic acid are softer in texture and the color hue is more intense and deep in textiles dyed using this acid.
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/glycolic-acid-market-101922
An expanding textile industry brings more good news for this market. According to the World Trade Organization (WTO), the value of world textile exports rose by 4.2% in 2017 from 2016 levels, hitting USD 296.1 billion. Thus, a steadily rising textile industry, along with a thriving leather industry, will govern the Glycolic Acid Market trends in the forecast period.
List of Prominent Players Operating in the Glycolic Acid Market are:
o Corbion
o Zhonglan Industry Co., Ltd.
o Mehul Dye Chem Industries
o Water Chemical Co., Ltd
o Saanvi Corp
o The Chemours Company
o Eastman Chemical Company
o Avid Organics
o Shandong Xinhua Pharmaceutical Co., Ltd
o Parchem Fine & Specialty Chemicals
o CABB Group
o China Petroleum & Chemical Corporation (Sinopec Corp.)
Escalating Demand for Cosmetic Products to Accelerate Sales
Hydroacetic acid is witnessing increasing demand from the cosmetic industry owing to its high applicability in the production of skincare products. This acid is known to wide-ranging benefits for the skin. For instance, glycolic acid is efficient in getting rid of dead skin cells, giving the skin a healthier appearance. It also aids the production of collagen, which makes this substance the perfect fit for anti-aging creams.
As a result, the majority of cosmetic skin products contain glycolic acid as it helps in removing dark spots, dead skin, and prevents irregular pigmentation. Thus, the rising application of this acid in the cosmetic industry will augur well for the hydroxyacetic acid market growth. Furthermore, increasing disposable incomes, coupled with the spiraling popularity of online retail, will feed the growing appetite of this market in the coming decade.
To Gain More Insights into the Market with Detailed Table of Content and Figures,
Click Here: https://www.fortunebusinessinsights.com/industry-reports/glycolic-acid-market-101922
The report further includes:
Predictions of upcoming trends and future prospects of the market;
Meticulous computation of market figures, values, and size;
Careful study of the share and impact of different market segments; and
Thorough research of the regional dynamics and competitive landscape (profiling of key players, relevant industry developments, among other things).
Prospering Cosmetics Industry in China to Propel the Market in Asia-Pacific
Asia-Pacific is set to dominate the Glycolic Acid Market share on account of speedy expansion of the cosmetics and textile industries in China. Rising disposable income in the country will further drive the demand in the region during the forecast period.
A well-established pharmaceuticals industry will bode well for the hydroacetic acid market in North America. The market size in the region was USD 108 million in 2018 and it is expected to grow at a considerable rate till 2026. Glycolic acid is being used to produce bio-absorbable sutures in the US and it is also enabling manufacturers to make high-quality medical equipment. In Europe, the market will be mainly driven by a thriving fashion industry and a robust textile industry. Growing popularity of packaged foods and beverages will boost the market in Latin America.
Catering to the Cosmetics Industry by Market Players to Spruce up Competition
The Glycolic Acid Market report foresees a period of intense competition in the market as key competitors race against time to mark their presence in the global market. Most of the companies are focusing on coming up with innovative products tailored for the cosmetics industry.
Key Industry Developments:
June 2019: Corbion collaborated with DuPont Tate & Lyle Bio Products, ACT Solutions, and INOLEX to develop a series of personal care products having up to 100% bio-based content. These formulations will deliver high-performance and will boast of a high safety quotient, a feature widely demanded by consumers.
February 2019: SkinCeuticals introduced its novel Glycolic 10 Renew Overnight cream. The product features true 10% glycolic acid content which will give out a noticeable glow to the skin.
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/glycolic-acid-market-101922
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.,
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
The global glycolic acid market size is projected to reach USD 766 million by 2026, exhibiting a CAGR of 7.3% during the forecast period. Rising importance of glycolic acid in the textile industry will be one of the prime growth drivers of this market in the near future. Glycolic acid, also known as hydroacetic acid and hydroxyacetic acid, is a colorless and odorless crystalline solid derived from sugar-containing crops such as sugarcane, cantaloupe, and pineapple. It is an essential substance in the textile industry as it is the most preferred ingredient for dyeing processes, owing to its several benefits. For example, hides dyed using hydroxyacetic acid are softer in texture and the color hue is more intense and deep in textiles dyed using this acid.
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/glycolic-acid-market-101922
An expanding textile industry brings more good news for this market. According to the World Trade Organization (WTO), the value of world textile exports rose by 4.2% in 2017 from 2016 levels, hitting USD 296.1 billion. Thus, a steadily rising textile industry, along with a thriving leather industry, will govern the Glycolic Acid Market trends in the forecast period.
List of Prominent Players Operating in the Glycolic Acid Market are:
o Corbion
o Zhonglan Industry Co., Ltd.
o Mehul Dye Chem Industries
o Water Chemical Co., Ltd
o Saanvi Corp
o The Chemours Company
o Eastman Chemical Company
o Avid Organics
o Shandong Xinhua Pharmaceutical Co., Ltd
o Parchem Fine & Specialty Chemicals
o CABB Group
o China Petroleum & Chemical Corporation (Sinopec Corp.)
Escalating Demand for Cosmetic Products to Accelerate Sales
Hydroacetic acid is witnessing increasing demand from the cosmetic industry owing to its high applicability in the production of skincare products. This acid is known to wide-ranging benefits for the skin. For instance, glycolic acid is efficient in getting rid of dead skin cells, giving the skin a healthier appearance. It also aids the production of collagen, which makes this substance the perfect fit for anti-aging creams.
As a result, the majority of cosmetic skin products contain glycolic acid as it helps in removing dark spots, dead skin, and prevents irregular pigmentation. Thus, the rising application of this acid in the cosmetic industry will augur well for the hydroxyacetic acid market growth. Furthermore, increasing disposable incomes, coupled with the spiraling popularity of online retail, will feed the growing appetite of this market in the coming decade.
To Gain More Insights into the Market with Detailed Table of Content and Figures,
Click Here: https://www.fortunebusinessinsights.com/industry-reports/glycolic-acid-market-101922
The report further includes:
Predictions of upcoming trends and future prospects of the market;
Meticulous computation of market figures, values, and size;
Careful study of the share and impact of different market segments; and
Thorough research of the regional dynamics and competitive landscape (profiling of key players, relevant industry developments, among other things).
Prospering Cosmetics Industry in China to Propel the Market in Asia-Pacific
Asia-Pacific is set to dominate the Glycolic Acid Market share on account of speedy expansion of the cosmetics and textile industries in China. Rising disposable income in the country will further drive the demand in the region during the forecast period.
A well-established pharmaceuticals industry will bode well for the hydroacetic acid market in North America. The market size in the region was USD 108 million in 2018 and it is expected to grow at a considerable rate till 2026. Glycolic acid is being used to produce bio-absorbable sutures in the US and it is also enabling manufacturers to make high-quality medical equipment. In Europe, the market will be mainly driven by a thriving fashion industry and a robust textile industry. Growing popularity of packaged foods and beverages will boost the market in Latin America.
Catering to the Cosmetics Industry by Market Players to Spruce up Competition
The Glycolic Acid Market report foresees a period of intense competition in the market as key competitors race against time to mark their presence in the global market. Most of the companies are focusing on coming up with innovative products tailored for the cosmetics industry.
Key Industry Developments:
June 2019: Corbion collaborated with DuPont Tate & Lyle Bio Products, ACT Solutions, and INOLEX to develop a series of personal care products having up to 100% bio-based content. These formulations will deliver high-performance and will boast of a high safety quotient, a feature widely demanded by consumers.
February 2019: SkinCeuticals introduced its novel Glycolic 10 Renew Overnight cream. The product features true 10% glycolic acid content which will give out a noticeable glow to the skin.
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/glycolic-acid-market-101922
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.,
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
