Published by news degree
Posted on August 4, 2021
The global Glycolic Acid Market is forecast to reach USD 853.41 Million by 2027, according to a new report by Reports and Data. The continuous growth of the makeup sector would contribute to a business upswing. Glycolic acid is used mainly in the manufacture of different skincare items, such as creams, face masks, and peels, which would cause this demand to expand. Increasing market perception, coupled with a rise in disposable per capita income with improving quality of life, mainly in India and China, are the main driving factors for growth in the industry. Since the advent of e-commerce, online companies, the proliferation of social networks, and customer demand in fresh, luxury, and various goods have emerged as a critical driver for the overall market growth. Increasing online buying demand for cosmetic products has allowed most manufacturers or suppliers to build up an extensive distribution network that, in effect, will stimulate hydroacoustic acid market development. Cosmetic items include serum for skin and anti-aging, lipsticks, mascara, sprays for hair care, moisturizers, cleansers, soap, scent, body wash, among many. About 95% of such items use hydroxyacetic acid as a raw material because it has benefits for the skin such as reduction of black circles, uneven pigmentation, widening of pores, dead skin, and enhancement of overall safety. Glycolic acid demand is also gaining popularity in other applications such as food preservatives, textiles, home appliances, automobiles, oil & gas, and pharmaceutical products.
Besides, expanded usage of the compound in emulsion polymers and ink and paint additives is projected to drive demand over the forecast era. There is glycolic acid in vegetables, such as corn, pineapple, and unripe grapes. Increasing formaldehyde development, coupled with technological advancements to automate production technologies, will fuel the glycolic acid demand further. Increasing R&D spending has also culminated in an expanded market spectrum, which is projected to boost product demand across the forecast timeframe. Nevertheless, it is anticipated that high rates of knowledge regarding the adverse consequences of glycolic acids, such as skin allergies, would somehow inhibit market development. Strict regulations placed on the use of products in cosmeceutical formulations by regulatory bodies, such as the European Union, are also likely to impede production. On the other side, the growing appeal of natural cosmetics is expected to positively influence the dynamics of the industry in the coming years.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3502
In 2019 Europe accounted for a considerable market share owing to a rapidly expanding skin and hair care industry. Increasing demand for anti-aging and acne treatment creams is anticipated to boost the business over the projected era further. Also possible is the involvement of numerous cosmetics producers in Italy and France to fuel business demand. Strict European Commission regulations on the usage of the drug, however, can impede production. China is projected to show Asia Pacific’s highest CAGR over the forecast period, led by expanded drug usage in automotive, cosmeceutical, and household applications. Also, low production costs, combined with a rapidly emerging economy, are projected to fuel demand in the country. In Latin America, growing customer understanding of processed food and drinks has contributed to the application of hydroacoustic acid as a nutritional preservative and flavoring agent, further encouraging the development of the demand for glycolic acid. It is predicted the Middle East & Africa will experience substantial demand development. Growing usage of hydroxyacetic acid in various applications that involve cosmetics manufacturing, household cleaning and textile is responsible for the growth of the demand in this area.
The COVID-19 impact:
While the COVID-19 epidemic is rising, manufacturers are gradually adapting their production and purchasing strategies to fulfill the challenges of a pandemic that has created market-based Glycolic Acid needs. There will be a series of negative and positive disruptions over a few months as retailers and their suppliers respond to growing customer demands. With an unhealthy global situation, several states look vulnerable to export-dependent economies. Because of a lack of downwind demand, the effect of this pandemic would transform the global Glycolic Acid industry, some manufacturing plants either shut down or decrease their capacity. Others, however, stopped their output by their respective governments as a precautionary move to prevent the spread of the virus. For other nations, by looking at the severity of the crisis and the consequent behavior of the state officials themselves, customers are centered on becoming more important. Market dynamics in Asia Pacific countries have become chaotic in all of these situations, collapsing frequently and finding it impossible to stabilize.
Key participants 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, among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3502
For the purpose of this report, Reports and Data have segmented into the global Glycolic Acid Market on the basis of purity, grade, application, and region:
Purity Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Grade Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3502
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
5-Hydroxymethylfurfural (5-HMF) Market Size, Share & Analysis, By Grade (Industrial Grade, Food Grade, Others), By End-use Industry (Flavor & Fragrance, Pharmaceutical, Others), By Application (High Polymer Material, Medicines Intermediates, Alkane Fuel) And By Region, Forecast To 2027
Engine Oil Additives Market Size, Share & Analysis By Type (Anti-Oxidants, Detergents, Pour Point Depressants, Anti-Wear Additives, Viscosity Modifiers, Antifoam Agents, Friction Modifiers, Metal Deactivators, Corrosion Inhibitors, Extreme Pressure (EP) Additives, Demulsifiers, Emulsifiers, Biocides, Tackifiers, Seal Swell Agent, Oxidation Inhibitors, Others), By Engine Types (Gasoline, Diesel, Natural Gas, Others), By End-Use (Automotive, Industrial, Others), By Region Forecast To 2027
Leak Testers Market Size, Share & Analysis, By Product Type (Compact, Stationary, Portable), By Technology (External Leak Detection, Internal Leak Detection, Enhanced Real-Time Transient Model, Mass-volume Balance Method), By Application (Oil & Gas Refineries, Chemical Plants, Water Treatment Plants, Automotive, Laboratories, Energy Sector, Others), By Region, Forecast To 2027
Polychloroprene Rubber Market Size, Share And Industry Analysis By Grade (Industrial, Pharmaceutical), By Sales (Online Retailing, Offline Retailing), By Application (Gasket & Hoses, Disposable Gloves, Paint & Coatings, Consumer Goods, Rubber & Adhesives, Others) And Region, Segment Forecasts To 2027
Anti-Caking Agents for Fertilizer Market Size, Growth & Analysis By Type (Powder, Paste, Water-Soluble), By Applications (Compound Fertilizer, Urea, Potash Fertilizers, Others), By Regions, Forecasts To 2027
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 client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-glycolic-acid-market
The post Glycolic Acid Market To Reach USD 853.41 Million By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Glycolic Acid Market is forecast to reach USD 853.41 Million by 2027, according to a new report by Reports and Data. The continuous growth of the makeup sector would contribute to a business upswing. Glycolic acid is used mainly in the manufacture of different skincare items, such as creams, face masks, and peels, which would cause this demand to expand. Increasing market perception, coupled with a rise in disposable per capita income with improving quality of life, mainly in India and China, are the main driving factors for growth in the industry. Since the advent of e-commerce, online companies, the proliferation of social networks, and customer demand in fresh, luxury, and various goods have emerged as a critical driver for the overall market growth. Increasing online buying demand for cosmetic products has allowed most manufacturers or suppliers to build up an extensive distribution network that, in effect, will stimulate hydroacoustic acid market development. Cosmetic items include serum for skin and anti-aging, lipsticks, mascara, sprays for hair care, moisturizers, cleansers, soap, scent, body wash, among many. About 95% of such items use hydroxyacetic acid as a raw material because it has benefits for the skin such as reduction of black circles, uneven pigmentation, widening of pores, dead skin, and enhancement of overall safety. Glycolic acid demand is also gaining popularity in other applications such as food preservatives, textiles, home appliances, automobiles, oil & gas, and pharmaceutical products.
Besides, expanded usage of the compound in emulsion polymers and ink and paint additives is projected to drive demand over the forecast era. There is glycolic acid in vegetables, such as corn, pineapple, and unripe grapes. Increasing formaldehyde development, coupled with technological advancements to automate production technologies, will fuel the glycolic acid demand further. Increasing R&D spending has also culminated in an expanded market spectrum, which is projected to boost product demand across the forecast timeframe. Nevertheless, it is anticipated that high rates of knowledge regarding the adverse consequences of glycolic acids, such as skin allergies, would somehow inhibit market development. Strict regulations placed on the use of products in cosmeceutical formulations by regulatory bodies, such as the European Union, are also likely to impede production. On the other side, the growing appeal of natural cosmetics is expected to positively influence the dynamics of the industry in the coming years.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/3502
In 2019 Europe accounted for a considerable market share owing to a rapidly expanding skin and hair care industry. Increasing demand for anti-aging and acne treatment creams is anticipated to boost the business over the projected era further. Also possible is the involvement of numerous cosmetics producers in Italy and France to fuel business demand. Strict European Commission regulations on the usage of the drug, however, can impede production. China is projected to show Asia Pacific’s highest CAGR over the forecast period, led by expanded drug usage in automotive, cosmeceutical, and household applications. Also, low production costs, combined with a rapidly emerging economy, are projected to fuel demand in the country. In Latin America, growing customer understanding of processed food and drinks has contributed to the application of hydroacoustic acid as a nutritional preservative and flavoring agent, further encouraging the development of the demand for glycolic acid. It is predicted the Middle East & Africa will experience substantial demand development. Growing usage of hydroxyacetic acid in various applications that involve cosmetics manufacturing, household cleaning and textile is responsible for the growth of the demand in this area.
The COVID-19 impact:
While the COVID-19 epidemic is rising, manufacturers are gradually adapting their production and purchasing strategies to fulfill the challenges of a pandemic that has created market-based Glycolic Acid needs. There will be a series of negative and positive disruptions over a few months as retailers and their suppliers respond to growing customer demands. With an unhealthy global situation, several states look vulnerable to export-dependent economies. Because of a lack of downwind demand, the effect of this pandemic would transform the global Glycolic Acid industry, some manufacturing plants either shut down or decrease their capacity. Others, however, stopped their output by their respective governments as a precautionary move to prevent the spread of the virus. For other nations, by looking at the severity of the crisis and the consequent behavior of the state officials themselves, customers are centered on becoming more important. Market dynamics in Asia Pacific countries have become chaotic in all of these situations, collapsing frequently and finding it impossible to stabilize.
Key participants 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, among others.
Further key findings from the report suggest
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/3502
For the purpose of this report, Reports and Data have segmented into the global Glycolic Acid Market on the basis of purity, grade, application, and region:
Purity Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Grade Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/3502
Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:
5-Hydroxymethylfurfural (5-HMF) Market Size, Share & Analysis, By Grade (Industrial Grade, Food Grade, Others), By End-use Industry (Flavor & Fragrance, Pharmaceutical, Others), By Application (High Polymer Material, Medicines Intermediates, Alkane Fuel) And By Region, Forecast To 2027
Engine Oil Additives Market Size, Share & Analysis By Type (Anti-Oxidants, Detergents, Pour Point Depressants, Anti-Wear Additives, Viscosity Modifiers, Antifoam Agents, Friction Modifiers, Metal Deactivators, Corrosion Inhibitors, Extreme Pressure (EP) Additives, Demulsifiers, Emulsifiers, Biocides, Tackifiers, Seal Swell Agent, Oxidation Inhibitors, Others), By Engine Types (Gasoline, Diesel, Natural Gas, Others), By End-Use (Automotive, Industrial, Others), By Region Forecast To 2027
Leak Testers Market Size, Share & Analysis, By Product Type (Compact, Stationary, Portable), By Technology (External Leak Detection, Internal Leak Detection, Enhanced Real-Time Transient Model, Mass-volume Balance Method), By Application (Oil & Gas Refineries, Chemical Plants, Water Treatment Plants, Automotive, Laboratories, Energy Sector, Others), By Region, Forecast To 2027
Polychloroprene Rubber Market Size, Share And Industry Analysis By Grade (Industrial, Pharmaceutical), By Sales (Online Retailing, Offline Retailing), By Application (Gasket & Hoses, Disposable Gloves, Paint & Coatings, Consumer Goods, Rubber & Adhesives, Others) And Region, Segment Forecasts To 2027
Anti-Caking Agents for Fertilizer Market Size, Growth & Analysis By Type (Powder, Paste, Water-Soluble), By Applications (Compound Fertilizer, Urea, Potash Fertilizers, Others), By Regions, Forecasts To 2027
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 client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-glycolic-acid-market
The post Glycolic Acid Market To Reach USD 853.41 Million By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
Explore more articles in the Research Reports category
