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Glycolic Acid Market Report Major Driving Factors and Business Growth Strategies by 2024: Grand View Research Wholesale Marcus Mariota Jersey , Inc.
by sonali_86 · December 27, 2018
San Francisco, 27 December 2018:聽The Report聽Glycolic Acid Market聽Analysis By Application (Personal Care, Household, Industrial) Wholesale Amani Hooker Jersey , And Segment Forecasts To 2024
The global聽glycolic acid market聽is expected to reach USD 415.0 million by 2024, according to a new report by Grand View Research, Inc. Growing use of the product in various applications including personal care and household is expected to drive demand. The product is extensively used in the manufacturing of cleaning agent formulations as well as skin care creams, thus promoting its growth.
Personal care application is expected to be valued at over USD 96.0 million in 2015 driven by increasing use of the product in cosmeceutical preparations such as skin creams, lotions for treatment of blackheads Wholesale Nate Davis Jersey , acne face lines and the treatment of oiliness. In addition, the demand for glycolic acid based skin peels for face cleansing is expected to bolster the demand over the forecast period.
Growing use of the product in shampoo formulations for treatment of dandruff and hair conditioning is expected to augment demand over the projected period. However, availability of alternate products such as salicylic acid coupled with stringent regulations by bodies such as Food and Drug Administration (FDA) limiting the concentration of glycolic acid in personal care products is expected to restrain growth.
Access Research Report of Glycolic Acid Market@聽 Further key findings from the report suggest:
The industrial application segment is expected to be valued at over USD 42.0 million聽by 2024 owing to its increasing application scope in concrete removal, dairy and food equipment cleaner, industrial chemical manufacturing Wholesale A.J. Brown Jersey , oil and petrol refining and metal cleaning & finishing. Superior properties exhibited by the product including corrosion resistance, negligible odor, low toxicity, and low inflammability are expected to promote its use over the forecast period. In Europe, the market in Italy is expected to exhibit highest growth rate of over 11.5% from 2016 to 2024 owing to increasing demand for glycolic acid in the production of skin care creams and lotions and face peels. In addition Wholesale Jeffery Simmons Jersey , increasing demand for glycolic acid by cosmetics manufacturers in the country is expected to drive the demand for the product over the forecast period. Asia Pacific is expected to witness highest CAGR of over 12.0% over the period 2016 to 2024 driven by rising demand for glycolic acid based household cleaners coupled with a growing demand for beauty products. Abundant raw material availability coupled with the presence of a large number of manufacturer base is likely to have a positive impact on market growth. Key players in the industry include Parchem, DuPont, CrossChem LP, Phibro Animal Health Corporation and Chemsolv Inc. Browse more reports of this category by Grand View Research at:聽 Grand View Research has segmented the glycolic acid market on the basis of application and region: Glycolic Acid Market Application Outlook (Volume, Tons; Revenue Wholesale Jurrell Casey Jersey , USD Million, 2013 – 2024)
Personal Care Household Industrial Others Glycolic Acid Market Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 – 2024)
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