Glycolic Acid Market

Glycolic Acid Market

Glycolic Acid Market Forecasts to 2028 - Global Analysis By Grade (Technical Grade, Cosmetic Grade, Pharma Grade and Industrial Grade), Purity (99%, 70%, 60% and 30%), Source (Synthetic and Natural), Application (Facial Cleansers, Anti-aging Creams and Other Applications), End User (Personal Care & Cosmetics, Textile and Other End Users) and By Geography

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Published: 2023 ID: SMRC22691

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $611.36 MN

Projected Year Value (2028)

US $1,042.34 MN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market


According to Stratistics MRC, the Global Glycolic Acid Market is accounted for $611.35 million in 2022 and is expected to reach $1,042.34 million by 2028 growing at a CAGR of 9.3% during the forecast period. Alpha hydroxyl acids (AHAs), of which sugarcane, pineapple, unripe grapes, etc. are the main sources, are a class of active substances that includes glycolic acid. The smallest molecules in the category belong to glycolic acid, which makes it easy and rapid to penetrate human skin. Because of this, it is frequently used in cosmetic formulas and is particularly successful in treating skin.

According to the L’OREAL Annual Report 2021, the beauty sector of L’OREAL rose by 8.2% in the year 2021, after a sharp decline of 8% in 2020. According to the India Brand Equity Foundation (IBEF), the personal care sector in India is projected to reach US$20 billion by 2025. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the total pharmaceutical market value for EU member nations at ex-factory prices increased from US$147,686 in 2019 to US$253,027 in 2020.

Market Dynamics:


Rising demand for glycolic acid in cosmetics industry

The market will be driven by the rising demand for glycolic acid in the personal care and cosmetic industries, particularly as a favoured ingredient in anti-aging, anti-pollution, and over-the-counter skin care products. Due to its small molecular structure and unparalleled capacity to quickly and efficiently penetrate the skin, it fights many of the harmful impacts of pollution and other anti-aging issues by washing and exfoliating the dead skin layers. Glycolic acid lowers acne breakouts, hyper-pigmentation, fine lines, scars, and other age-related skin blemishes or spots in anti-aging and anti-pollution skincare lotions, facial cleansers, gels, and scrubs.


Glycolic acid-based cosmetic products cause skin problems

An alpha hydroxyl acid with a water base, glycolic acid is most frequently employed as a chemical component in the creation of various cosmetic and personal care products. Glycolic acid is a prominent ingredient for skincare and hair care products due to its organic nature and high exfoliating capability. Skin injury, however, might be a significant hindrance to market expansion. It is normally advised to apply glycolic acid sparingly and in the proper amounts, as doing otherwise might result in serious skin damage and other issues. Consequently, the manufacturer must pay attention to the solution's concentration when employing the glycolic acid solution as an ingredient in cosmetic items.


Growing demand for biodegradable polymers

Biodegradable polymers are employed to give the body short-term support that can break down in a finite amount of time. The most prevalent biodegradable polymer utilised in the medical sector is polyglycolic acid, which is created by ring polymerizing glycolide, a diester of glycolic acid. Glycolic acid producers will have a lot of chances due to the anticipated enormous demand for polyglycolic acid-based biodegradable polymers, particularly in resorbable sutures, surgical fixation devices, and drug delivery devices. Because to their growing use in surgical operations involving the neurological system, respiratory system, and circulatory system, resorbable polymer sutures are expected to be in high demand.


Stringent regulations regarding usage of glycolic acid

One of the most strictly controlled businesses involves the production of glycolic acid. Manufacturers of glycolic acid-based products face a significant problem in adhering to the various regulations surrounding the use of glycolic acid in various applications. For instance, glycolic acid needs to be registered with the US Food & Drug Administration's Center for Food Safety and Applied Nutrition (CFSAN) in order to be used in cosmetic and personal care products. Consequently, the synthesis of glycolic acid takes longer due to the need to comply with all of these criteria. Both the producers and consumers of glycolic acid face significant difficulties as a result of this feature.

Covid-19 Impact

Many skin care products are prepared using hydroxyacetic acid. Since corona viruses affect the respiratory system, their use may be restricted during the COVID pandemic due to the high dangers associated with cosmetic goods if inhaled. Yet, the lockdown imposed as a result of the epidemic has led to a fall in the cosmetics sector. Due to a workforce scarcity and required social segregation, cosmetic firms have closed their production facilities. Also, in light of the COVID 19 epidemic, cosmetic producers are expanding their array of commercial personal care products. These elements have had a detrimental effect on this market and have constrained its expansion.

The cosmetic grade segment is expected to be the largest during the forecast period

The cosmetic grade segment is estimated to have a lucrative growth, due to outstanding qualities including anti-aging, high purity, transparency, exfoliation, advantages over hyper pigmentation, and others. Moreover, glycolic acid's fast use in high-end cosmetics, skin care products, and other products is boosting its rise. The demand for cosmetic grades is therefore increasing due to its improved benefits and widespread use in the personal care industry. As a result, the cosmetic grade segment is anticipated to expand quickly throughout the forecast period.

The personal care & cosmetics segment is expected to have the highest CAGR during the forecast period

The personal care & cosmetics segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its ability to improve and repair skin as well as its anti-aging capabilities, hydroxyacetic acid is mostly utilised as a significant ingredient in the manufacture of anti-aging creams, lipsticks, shampoo, hair treatment sprays, moisturisers, cleanser, scrub, scent, and body wash products. In turn, rising demand for these goods from the cosmetics industry will raise demand for hydroxyacetic acid, which will aid the market's growth rate even more.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising per capita spending on cosmetics and the enormous demand for high-quality, cutting-edge skincare and hair care products. Glycolic acid is widely used in anti-aging products as a result of the rising elderly population in China, Japan, South Korea, and other nations, which will have a favourable effect on the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the textile industry's increasing demand. High-quality materials are needed by the region's major fashion industry in order to create various ensembles. In order to do this, businesses are developing novel products by utilising cutting-edge technology, which is anticipated to promote market growth in the area.

Key players in the market

Some of the key players profiled in the Glycolic Acid Market include CABB Group GmbH, CrossChem LP, Avid Organics, Saanvi Corp, The Chemours Company, Zhonglan Industry Co., Ltd., China Petroleum & Chemical Corporation (SINOPEC), Hebei Chengxin Co., Ltd, Phibro Animal Health Corporation, Water Chemical Co., Ltd, Hefei TNJ Chemical Industry Co. Ltd., Shandong Xinhua Pharmaceutical Co. Ltd., Parchem, DuPont, Griffin International and Chemsolv, Inc. Hair.

Key Developments:

In July 2019, Hefei TNJ Chemical Industry Co., Ltd expanded its market in Cosmetics materials in Seoul, South Korea.

In November 2021, The Chemours Company launched a new glycolic acid product under the brand name Glyclean D. The new product is used as a disinfectant for various household and institutional cleaning applications.

Grades Covered:
• Technical Grade
• Cosmetic Grade
• Pharma Grade
• Industrial Grade

Purity Covered:
• 99%
• 70%
• 60%
• 30%

Sources Covered:
• Synthetic
• Natural

Applications Covered:
• Facial Cleansers
• Anti-aging Creams
• Hair Creams
• Gels
• Dye
• Other Applications

End Users Covered:
• Personal Care & Cosmetics
• Plant Growth Stimulation
• Food Flavoring & preservation
• PGA Manufacturing
• Cleaning Agents
• Electronics
• Oil & Gas
• Leather Dyeing & Tanning
• Pharmaceutical
• Textile
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Glycolic Acid Market, By Grade
5.1 Introduction
5.2 Technical Grade
5.3 Cosmetic Grade
5.4 Pharma Grade
5.5 Industrial Grade

6 Global Glycolic Acid Market, By Purity
6.1 Introduction
6.2 99%
6.3 70%
6.4 60%
6.5 30%

7 Global Glycolic Acid Market, By Source
7.1 Introduction
7.2 Synthetic
7.3 Natural

8 Global Glycolic Acid Market, By Application
8.1 Introduction
8.2 Facial Cleansers
8.3 Anti-aging Creams
8.4 Hair Creams
8.5 Gels
8.6 Dye
8.7 Other Applications

9 Global Glycolic Acid Market, By End User
9.1 Introduction
9.2 Personal Care & Cosmetics
9.2.1 Hair Care
9.2.2 Skin Care
9.3 Plant Growth Stimulation
9.4 Food Flavoring & preservation
9.5 PGA Manufacturing
9.6 Cleaning Agents
9.6.1 Household
9.6.2 Industrial
9.6.3 Institutional
9.7 Electronics
9.8 Oil & Gas
9.9 Leather Dyeing & Tanning
9.10 Pharmaceutical
9.11 Textile
9.12 Other End Users

10 Global Glycolic Acid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 CABB Group GmbH
12.2 CrossChem LP
12.3 Avid Organics
12.4 Saanvi Corp
12.5 The Chemours Company
12.6 Zhonglan Industry Co., Ltd.
12.7 China Petroleum & Chemical Corporation (SINOPEC)
12.8 Hebei Chengxin Co., Ltd
12.9 Phibro Animal Health Corporation
12.10 Water Chemical Co., Ltd
12.11 Hefei TNJ Chemical Industry Co.Ltd.
12.12 Shandong Xinhua Pharmaceutical Co.Ltd.
12.13 Parchem
12.14 DuPont
12.15 Griffin International
12.16 Chemsolv, Inc. Hair

List of Tables
1 Global Glycolic Acid Market Outlook, By Region (2020-2028) ($MN)
2 Global Glycolic Acid Market Outlook, By Grade (2020-2028) ($MN)
3 Global Glycolic Acid Market Outlook, By Technical Grade (2020-2028) ($MN)
4 Global Glycolic Acid Market Outlook, By Cosmetic Grade (2020-2028) ($MN)
5 Global Glycolic Acid Market Outlook, By Pharma Grade (2020-2028) ($MN)
6 Global Glycolic Acid Market Outlook, By Industrial Grade (2020-2028) ($MN)
7 Global Glycolic Acid Market Outlook, By Purity (2020-2028) ($MN)
8 Global Glycolic Acid Market Outlook, By 0.99 (2020-2028) ($MN)
9 Global Glycolic Acid Market Outlook, By 0.7 (2020-2028) ($MN)
10 Global Glycolic Acid Market Outlook, By 0.6 (2020-2028) ($MN)
11 Global Glycolic Acid Market Outlook, By 0.3 (2020-2028) ($MN)
12 Global Glycolic Acid Market Outlook, By Source (2020-2028) ($MN)
13 Global Glycolic Acid Market Outlook, By Synthetic (2020-2028) ($MN)
14 Global Glycolic Acid Market Outlook, By Natural (2020-2028) ($MN)
15 Global Glycolic Acid Market Outlook, By Application (2020-2028) ($MN)
16 Global Glycolic Acid Market Outlook, By Facial Cleansers (2020-2028) ($MN)
17 Global Glycolic Acid Market Outlook, By Anti-aging Creams (2020-2028) ($MN)
18 Global Glycolic Acid Market Outlook, By Hair Creams (2020-2028) ($MN)
19 Global Glycolic Acid Market Outlook, By Gels (2020-2028) ($MN)
20 Global Glycolic Acid Market Outlook, By Dye (2020-2028) ($MN)
21 Global Glycolic Acid Market Outlook, By Other Applications (2020-2028) ($MN)
22 Global Glycolic Acid Market Outlook, By End User (2020-2028) ($MN)
23 Global Glycolic Acid Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
24 Global Glycolic Acid Market Outlook, By Hair Care (2020-2028) ($MN)
25 Global Glycolic Acid Market Outlook, By Skin Care (2020-2028) ($MN)
26 Global Glycolic Acid Market Outlook, By Plant Growth Stimulation (2020-2028) ($MN)
27 Global Glycolic Acid Market Outlook, By Food Flavoring & preservation (2020-2028) ($MN)
28 Global Glycolic Acid Market Outlook, By PGA Manufacturing (2020-2028) ($MN)
29 Global Glycolic Acid Market Outlook, By Cleaning Agents (2020-2028) ($MN)
30 Global Glycolic Acid Market Outlook, By Household (2020-2028) ($MN)
31 Global Glycolic Acid Market Outlook, By Industrial (2020-2028) ($MN)
32 Global Glycolic Acid Market Outlook, By Institutional (2020-2028) ($MN)
33 Global Glycolic Acid Market Outlook, By Electronics (2020-2028) ($MN)
34 Global Glycolic Acid Market Outlook, By Oil & Gas (2020-2028) ($MN)
35 Global Glycolic Acid Market Outlook, By Leather Dyeing & Tanning (2020-2028) ($MN)
36 Global Glycolic Acid Market Outlook, By Pharmaceutical (2020-2028) ($MN)
37 Global Glycolic Acid Market Outlook, By Textile (2020-2028) ($MN)
38 Global Glycolic Acid Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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