Glycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Glycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2023 | Chemical & Materials

Report Digest

Global Glycolic Acid Market: An Overview

The global glycolic acid market report is an-depth study of various trends, drivers, and restraints during 2018-2028. The glycolic acid market is expected to witness robust growth during this period as the purity of the product continues to drive its application in cosmetics. The rising self-care awareness, growing demand for new ingredients, and its agent properties as an keratolytic will drive growth. Moreover, its variety with a concentration of 10% will likely remain at the forefront of growth as day-to-day use of cosmetics rises in new regions like Asia Pacific. The increasing concerns about skincare, and high consumption of glycolic acid conventionally, will also remain key to its growth in the near future.

Global Glycolic Acid Market: Notable Developments

A new study published in the Science Advances journal in Nov 2019 promises possible venues for glycolic acid to be used in contraceptives. The study successfully demonstrated in rats that with the help of a micro-needle patch, glycolic acid can develop a reversible, contraceptive patch that is simple-to administer. The patch also did not result in any biohazardous sharp waste. The patch can be a boon for several women, who have waited for a real-alternative to today’s contraceptives. In 2011, over 45% pregnancies were unplanned. Additionally, public expenditure for these pregnancies remained as high as $21 billion in 2010.

According to a recent article in Forbes magazine, the spending on influencer-driven social media has skyrocketed in 2019. The total spending stood at $2 billion in 2017, and has gone up to $8 billion in 2019. A company like Estee Lauder has revealed that the company has spent close to 75% of its budget on social media influencers. The growth of social media influencing is a major trend that will drive growth of the glycolic acid market. Glycolic acid, and similar natural products are rising in demand. Moreover, lowering costs of marketing are also driving tremendous growth for the players in the glycolic acid market as new players continue to drive innovation, and create new brands in cosmetics.

Global Glycolic Acid Market: Drivers and Restraints

Glycolic acid is often known as the holy-grail of exfoliation. It plays an important role in removing the outermost layer of dead cells from the complexion, to bring fresh, and brighter skin. Additionally, due to rising concerns about skin care, aging, and wrinkles, the glycolic acid market. Moreover, the chemical is considered safe even for sensitive skins, and goes deep into the body as compared to several other alternatives. The growing demand for glycolic acid in emerging regions, and new avenues of growth for skin treatments are expected to drive robust growth for the glycolic acid market in the near future.

Global Glycolic Acid Market: Regional Outlook

The global glycolic acid market report will cover all key regions of the globe including North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The growth of cosmetics in North America, thanks to emergence of various social media celebrities, rising demand for natural products, and relatively lower costs of social media marketing are expected to create new avenues for growth for the glycolic acid market in the near future. The changing lifestyle trends in Asia Pacific, rising disposable incomes, and growth of the new cosmetic brands will drive growth of the glycolic acid market in the near future.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?