Glycolic Acid Market Size is Hit USD 469.71 Million at a CAGR of 7.7% by 2027

 Increasing usage of the drug is projected to fuel demand in different applications like personal care and the household. The drug is commonly used in the manufacture of formulations for the cleaning agent as well as creams for skincare, thereby promoting its production.

The global Glycolic Acid Market is forecast to reach USD 853.41 Million by 2027, according to a new report by Reports and Data. The continuous growth of the makeup sector would contribute to a business upswing. Glycolic acid is used mainly in the manufacture of different skincare items, such as creams, face masks, and peels, which would cause this demand to expand. Increasing market perception, coupled with a rise in disposable per capita income with improving quality of life, mainly in India and China, are the main driving factors for growth in the industry. Since the advent of e-commerce, online companies, the proliferation of social networks, and customer demand in fresh, luxury, and various goods have emerged as a critical driver for the overall market growth. Increasing online buying demand for cosmetic products has allowed most manufacturers or suppliers to build up an extensive distribution network that, in effect, will stimulate hydroacoustic acid market development. Cosmetic items include serum for skin and anti-aging, lipsticks, mascara, sprays for hair care, moisturizers, cleansers, soap, scent, body wash, among many. About 95% of such items use hydroxyacetic acid as a raw material because it has benefits for the skin such as reduction of black circles, uneven pigmentation, widening of pores, dead skin, and enhancement of overall safety. Glycolic acid demand is also gaining popularity in other applications such as food preservatives, textiles, home appliances, automobiles, oil & gas, and pharmaceutical products.

Get a sample of the report https://www.reportsanddata.com/sample-enquiry-form/3502

Top Leading Players: Shandong Xinhua Pharmaceutical Co. Ltd., Zhonglan Industry Co. Ltd., Parchem Fine & Specialty Chemicals, China Petroleum & Chemical Corporation, Water Chemical Co. Ltd., Mehul Dye Chem Industries, Eastman Chemical Company, CABB GmbH, Avid Organics, and Saanvi Corporation, among others.

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