Stratview Research has recently published a report on the Glycolic Acid Market. This strategically evaluated report provides a detailed overview that presents today’s market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2020 to 2025.
Glycolic Acid Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Glycolic Acid Market is likely to witness an impressive CAGR of 7.0% during the forecast period.
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By Grade Type
The market is segmented as cosmetic grade and technical grade. The cosmetic grade segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. It is the purest form of glycolic acid. The growth of the segment is driven by the continuous rising demand for cosmetic products, to meet the need to mitigate the increasing skin-related problems, that are occurring due to growing pollution. Further, rising awareness concerning self-care is another factor attributing to the growth of this segment during the forecast period.
By Application Type
The market is segmented as personal care & dermatology, industrial, household, and others. The personal care & dermatology segment leads the market owing to the large consumption of glycolic acid for the production of various personal care products, such as sunscreen, skin creams and lotions, acne treatment solutions, men’s care products and skin lightening creams and lotions. Along with personal care & dermatology, the industrial application segment is expected to register the highest growth during the forecast period.
Some of the companies drives the market growth:
- Avid Organics Pvt. Ltd.
- CABB Group Gmbh
- China Petrochemical Corporation
- Hebei Chengxin Co., Ltd.
- Hefei TNJ Chemical Industry Co. Ltd.
- Phibro Animal Health Corp.
- The Chemours Company
- Water Chemical Co., Ltd
- Shandong Xinhua Pharmaceutical Co., Ltd.
- Zhonglan Industry Co., Ltd.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.
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