Global Glycolic Acid Market Drivers and Restrains - Ashland, KY

The Global Glycolic Acid Market was valued at USD xx Million in 2018 and is expected to reach at USD xx million by 2026 at a CAGR of xx% during forecast period 2018-2026.Global Glycolic Acid Market Segmentation by GradeGlycolic acid is a type of alpha- hydroxyl acid (or AHA) that’s derived from sugar cane. It joins other acids such as lactic acid, tartaric acid and citric acid.

Global Glycolic Acid Market Drivers and Restrains

Increasing demand from cosmetic and personal care industry is the major driver of global glycolic acid market. Since this ingredient is safe to be used on sensitive skin, glycolic acid is increasingly being used in anti-ageing products and cosmetics developed specially for sensitive skin. Applications of glycolic acid in textile industry for dyeing and finishing is also boosting the demand for glycolic acid.
The major advantage of glycolic acid is that it does more than treat breakouts. The ingredient can also tackle hyperpigmentation, dullness and signs of skin aging, such as lines and wrinkles, without breaking a sweat. Moreover the increase in adoption of the glycolic acid in emulsion polymer and in the formulation of additives which further used finds application in paints and ink industry also fuel the demand of glycolic acid. Other factors like improvement in healthcare standards in different emerging and developing economies such as China, India and Japan will further propel the demand for glycolic acid.

However, rise in awareness amongst the people about the ill effects of the usage of glycolic acid leading to skin allergies will somehow restrain the growth of glycolic acid globally. Also stringent regulations by the developed economies imposed on the manufacturers regarding the capping in the usage of glycolic acid in pharmaceutical formulation is acting as an adoption barrier over the forecasted period.
Global Glycolic Acid Market Regional Analysis

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