Worldwide Glycolic Acid Market 2017: Share, Competitor Strategy, Industry Trends by Forecast to 2023
Global Glycolic Acid Market by Source (Natural and Synthetic), Application (Personal Care, Textile Dyeing & Finishing, Oil Field, Petroleum Refining, and Others), and Region - Forecast till 2023
(EMAILWIRE.COM, November 04, 2017 ) Market Research Future (MRFR) recognizes the following companies as the Key Players in the Global Glycolic Acid Market:
The Chemours Company
Phibro chem
CrossChem LP
CABB Group
Sigma-Aldrich Corporation
Zhonglan Industry Co
Mehul Dye Chem Industries
Synopsis of Glycolic Acid Market:
Glycolic acid or hydroxyacetic acid (C2H4O3) is a class of chemical compound that consists of carboxylic acid substituted with hydroxyl group on the adjacent carbon. It is a colorless and odorless liquid, and soluble in alcohol at room temperature. It can be processed naturally and synthetically. It has various properties such as anti-inflammatory effects, anti-oxidant action. Additionally, it is used in the fibroblast stimulation and keratolytic therapy, hence, it is used in personal care, textile dyeing & finishing, oil field, petroleum refining, and others.
The Global Glycolic Acid Market is expected to grow moderately at a CAGR of 6.09% over the forecast period 2017-2023. Glycolic Acid Market valued USD 249.9 million in 2016 and is expected to reach USD 375.5 million by the end of 2023. Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightning and anti-aging products from youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning. Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.
Regional Analysis:
The global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in terms of value and volume in 2016, and is projected to grow at the highest CAGR of 6.23% in terms of value during the forecast period. In North America, the U.S. contributed the largest market share of 53.3% in terms of volume in 2016 and is projected to grow at the highest CAGR of 5.49% followed by Canada during the review period. Europe holds the second largest market share in 2016. In Europe, Germany dominate the regional market and is projected to grow at the highest CAGR followed by France, Spain, and the UK. The Asia Pacific market is expected to grow positively during the forecast period. Emerging economies such as India, China, Japan, and Australia are projected to grow at a significant rate owing to the growing applications in various industries such as personal care and textile dyeing & finishing.
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Segmentation:
The global glycolic acid market is segmented on the basis of source, application, and region. On the basis of source, the global glycolic acid market is segmented into natural and synthetic. Based on the application, the global glycolic acid market is segmented into personal care, textile dyeing & finishing, oil field, petroleum refining, and others. On the basis of region, market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings:
The global glycolic acid market is projected to reach USD 375.5 million by 2023 at a CAGR of 6.09% in terms of value during review period 2017-2023. Increasing demand for personal care products with the rising awareness regarding skin and hair care projected to boost the market growth during the forecast period. North America accounted for ~34% share of the global glycolic acid market followed by Europe. North America and Asia Pacific are estimated to grow at the healthy rate of 6.23% and 6.0% respectively during the forecast period. Based on source, synthetic will hold 68% of market share in 2017 as it is utilized the most in personal care products. In terms of value, synthetic will witness higher growth rate 6.49%. Based on application, personal care holds more than 28% of market share in 2016 as it is utilized the most in beauty products.
Additionally, consumers expenditure on beauty product has been increasing significantly from the last few years in developed and developing regions. The global oil field and textile & dying sector likely to hold around half of the market share in 2017, collectively. Increased demand for glycolic acid in the textile industry as dyeing and tanning agent projected to boost the market growth over the forecast period.
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https://www.marketresearchfuture.com/reports/glycolic-acid-market-3141
Key Points from Table of Contents:
10 Company Profile
10.1 The Chemours Company
10.1.1 Overview
10.1.2 Product Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 Phibro Chem
10.2.1 Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 CrossChem LP
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 CABB Group
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
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+1 646 845 9312
Email: sales@marketresearchfuture.com
The Chemours Company
Phibro chem
CrossChem LP
CABB Group
Sigma-Aldrich Corporation
Zhonglan Industry Co
Mehul Dye Chem Industries
Synopsis of Glycolic Acid Market:
Glycolic acid or hydroxyacetic acid (C2H4O3) is a class of chemical compound that consists of carboxylic acid substituted with hydroxyl group on the adjacent carbon. It is a colorless and odorless liquid, and soluble in alcohol at room temperature. It can be processed naturally and synthetically. It has various properties such as anti-inflammatory effects, anti-oxidant action. Additionally, it is used in the fibroblast stimulation and keratolytic therapy, hence, it is used in personal care, textile dyeing & finishing, oil field, petroleum refining, and others.
The Global Glycolic Acid Market is expected to grow moderately at a CAGR of 6.09% over the forecast period 2017-2023. Glycolic Acid Market valued USD 249.9 million in 2016 and is expected to reach USD 375.5 million by the end of 2023. Rising awareness regarding skincare and hair care along with growth in personal care products are some of the prominent trends and drivers supporting the growth of global glycolic acid market. Furthermore, increasing demand for skin lightning and anti-aging products from youth population boost the skincare ingredients market. Moreover, the global glycolic acid market is propelling with the increasing spending on household cleaning. Naturally processed glycolic acid has surpassed the production of chemically processed glycolic acid, which is likely to affect the growth of the market over the forecast period, positively. However, stringent regulation regarding the concentration of glycolic acid in personal care products and availability & development of substitute such as salicylic acid are expected to hinder the market growth during the review period.
Regional Analysis:
The global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in terms of value and volume in 2016, and is projected to grow at the highest CAGR of 6.23% in terms of value during the forecast period. In North America, the U.S. contributed the largest market share of 53.3% in terms of volume in 2016 and is projected to grow at the highest CAGR of 5.49% followed by Canada during the review period. Europe holds the second largest market share in 2016. In Europe, Germany dominate the regional market and is projected to grow at the highest CAGR followed by France, Spain, and the UK. The Asia Pacific market is expected to grow positively during the forecast period. Emerging economies such as India, China, Japan, and Australia are projected to grow at a significant rate owing to the growing applications in various industries such as personal care and textile dyeing & finishing.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3141
Segmentation:
The global glycolic acid market is segmented on the basis of source, application, and region. On the basis of source, the global glycolic acid market is segmented into natural and synthetic. Based on the application, the global glycolic acid market is segmented into personal care, textile dyeing & finishing, oil field, petroleum refining, and others. On the basis of region, market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings:
The global glycolic acid market is projected to reach USD 375.5 million by 2023 at a CAGR of 6.09% in terms of value during review period 2017-2023. Increasing demand for personal care products with the rising awareness regarding skin and hair care projected to boost the market growth during the forecast period. North America accounted for ~34% share of the global glycolic acid market followed by Europe. North America and Asia Pacific are estimated to grow at the healthy rate of 6.23% and 6.0% respectively during the forecast period. Based on source, synthetic will hold 68% of market share in 2017 as it is utilized the most in personal care products. In terms of value, synthetic will witness higher growth rate 6.49%. Based on application, personal care holds more than 28% of market share in 2016 as it is utilized the most in beauty products.
Additionally, consumers expenditure on beauty product has been increasing significantly from the last few years in developed and developing regions. The global oil field and textile & dying sector likely to hold around half of the market share in 2017, collectively. Increased demand for glycolic acid in the textile industry as dyeing and tanning agent projected to boost the market growth over the forecast period.
Browse Full Report @
https://www.marketresearchfuture.com/reports/glycolic-acid-market-3141
Key Points from Table of Contents:
10 Company Profile
10.1 The Chemours Company
10.1.1 Overview
10.1.2 Product Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 Phibro Chem
10.2.1 Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 CrossChem LP
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 CABB Group
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
Make an Enquiry before buying @ https://www.marketresearchfuture.com/enquiry/3141
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
Contact Information:
Marketresearchfuture
Market Research Future
Tel: +1 646 845 9312
Email us
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Marketresearchfuture
Market Research Future
Tel: +1 646 845 9312
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results