The Global Demand For Glycolic Acid was valued at USD 93.30
million in 2011 and is expected to reach USD 203.34 million in 2019, growing at
a CAGR of 11.8% from 2013 to 2019. In terms of volume, the demand was 40.0 kilo
tons in 2011 and is expected to reach 78.1 kilo tons in 2019, growing at a CAGR
of 10.1% from 2013 to 2019.
Glycolic acid is extensively used in a wide range of personal care
products such as face lotions, moisturizers and face peels. Rising consumer
awareness regarding healthy skin and hair is expected to boost the demand for
glycolic acid based skincare and haircare products. Furthermore, growing use of
glycolic acid in the manufacturing of polyglycolic acid (PGA), which is used in
absorbable medical sutures, is expected to fuel the growth of the market over
the next few years. However, inhibitions regarding the hazardous nature of
concentrated glycolic acid coupled with the growth of alternate products such
as salicylic are expected to hamper the growth of the market.
Personal care products were the largest application segment for
glycolic acid and accounted for over 55% of the demand in 2011. This segment is
expected to be the fastest growing due to the rising demand for skincare and
haircare products. In addition, rising ageing population in countries such as
the U.S. and Japan and the consequent demand for anti-ageing creams is expected
to drive the demand for glycolic acid. Household cleaning is expected to be the
second fastest application segment for glycolic acid, growing at a CAGR of over
9% from 2013 to 2019.
North America was the largest consumer of glycolic acid accounting
for over 14,000 tons of global consumption in 2011. Europe and Asia Pacific
together accounted for over 50% of consumption in 2011 primarily due to the
growing personal care market in countries such as Russia, Poland, India, China
and France. Asia Pacific is expected to be the fastest growing market over the
forecast period and is expected to grow at a CAGR of 10.5% from 2013 to 2019.
Brazil and Middle East are expected to drive the demand in Rest of
the World.
Some of the key participants profiled in the report include
DuPont, Parchem, Phibro Animal Health Corporation and Sigma-Aldrich among
others. The report gives a detailed market share analysis of these companies.
The report gives a comprehensive view of the glycolic acid market
in terms of volume and revenue. In addition, the report includes current demand
analysis and forecast for each application in North America, Europe, Asia
Pacific and Rest of the World. The report comprises of the following segments:
Glycolic Acid Market: Application Analysis
·
Personal Care
·
Household Cleaning
·
Industrial
·
Others (Sutures, PGA)
The report provides a cross-sectional analysis of all the above
application segments with respect to the following regions:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World (RoW)
In addition, the study provides volumes and revenue for the
glycolic acid market in key European countries such as:
·
Germany
·
Spain
·
Italy
·
France
·
United Kingdom
·
Netherlands
·
Russia
·
Ukraine
·
Poland
·
Others
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