Albany NY (Aug 14, 2013) (CULRAV.ORG) -
Transparency Market Research published new market report “Glycolic Acid Market for Personal Care, Household Cleaning, Industrial and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,” the global demand for glycolic acid was valued at USD 93.30 million in 2011 and is expected to reach USD 203.34 million in 2018, growing at a CAGR of 11.8% from 2012 to 2018. In terms of volume, the demand was 40.0 kilo tons in 2011 and is expected to reach 78.1 kilo tons in 2018, growing at a CAGR of 10.1% from 2012 to 2018.
Browse the full report at http://www.transparencymarketresearch.com/glycolic-acid-market.html
Glycolic acid is extensively used in a wide range of personal care products such as face lotions, moisturizers and face peels. Rising consumer awareness regarding healthy skin and hair is expected to boost the demand for glycolic acid based skincare and haircare products. Furthermore, growing use of glycolic acid in the manufacturing of polyglycolic acid (PGA), which is used in absorbable medical sutures, is expected to fuel the growth of the market over the next few years. However, inhibitions regarding the hazardous nature of concentrated glycolic acid coupled with the growth of alternate products such as salicylic are expected to hamper the growth of the market.
Personal care products were the largest application segment for glycolic acid and accounted for over 55% of the demand in 2011. This segment is expected to be the fastest growing due to the rising demand for skincare and haircare products. In addition, rising ageing population in countries such as the U.S. and Japan and the consequent demand for anti-ageing creams is expected to drive the demand for glycolic acid. Household cleaning is expected to be the second fastest application segment for glycolic acid, growing at a CAGR of over 9% from 2012 to 2018.
North America was the largest consumer of glycolic acid accounting for over 14,000 tons of global consumption in 2011. Europe and Asia Pacific together accounted for over 50% of consumption in 2011 primarily due to the growing personal care market in countries such as Russia, Poland, India, China and France. Asia Pacific is expected to be the fastest growing market over the forecast period and is expected to grow at a CAGR of 10.5% from 2012 to 2018. Brazil and Middle East are expected to drive the demand in Rest of the World.
Some of the key participants profiled in the report include DuPont, Parchem, Phibro Animal Health Corporation and Sigma-Aldrich among others. The report gives a detailed market share analysis of these companies.
The report gives a comprehensive view of the glycolic acid market in terms of volume and revenue. In addition, the report includes current demand analysis and forecast for each application in North America, Europe, Asia Pacific and Rest of the World. The report comprises of the following segments:
Glycolic Acid Market: Application Analysis
- Personal Care
- Household Cleaning
- Others (Sutures, PGA)
The report provides a cross-sectional analysis of all the above application segments with respect to the following regions:
- North America
- Asia Pacific
- Rest of the World (RoW)
In addition, the study provides volumes and revenue for the glycolic acid market in key European countries such as:
- United Kingdom
Related Report :
Acrylic Acid Market (Acrylate Esters, Glacial Acrylic Acid & Others) for Superabsorbent polymers & Surface Coatings, Adhesives and Sealants, Textiles, Plastic Additives & Printing Ink Applications – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018
Acrylic acid is a colorless organic compound derived by the oxidation of propylene. It is the simplest carboxylic acid that exists in a polymerized form and has a pungent odor and corrosive properties. The growing demand for materials with high tensile strength and thermal resistance from the surface coatings industry has triggered the demand for acrylic acid across the world. In 2011, surface coatings market was the largest outlet for acrylic acid, which accounted for approximately half of the total acrylic acid consumed globally. This report analyzes, estimates and forecasts the global acrylic acid demand in terms of volume (kilo tons) and revenue (USD million) from 2010 to 2018.
The report analyzes various factors driving and restraining global demand along with analyzing the impact of these factors over the forecast period. The study provides a comprehensive view of the acrylic acid industry, by segmenting and analyzing key acrylic acid products, namely acrylate esters, glacial acrylic acid, others such as ammonium poly acrylate and cyanopoly acrylate. Each of these segments have been analyzed and market data provided for the period from 2010 to 2018, both in terms of volume (kilo tons) and revenue (USD million). The demand for each acrylic acid product mentioned above is analyzed on the basis of application and geography (North America, Europe, Asia Pacific and Rest of the World). The report analyzes these acrylic acid products in terms of their potential of becoming an attractive market by using the market attractiveness analysis tool.
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