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 : June, 2020 | Chemical & Materials | PPT format

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.