Glycolic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
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.
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.
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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