A new glycolic acid product, Glyclean D, has been launched by the Chemours Company, which is used in various household and institutional cleaning applications.
The French government has provided US$ 10.12 million for the production of this product. glycolic acid (GA) was received by METabolic EXplorer (METEX).
A glycolic acid cream, Glycolic 10 Renew was launched by Skinceuticals. Overnight that improves skin glow by 36% while also maintaining tolerability. The cream's efficient in targeting dullness, fine lines, and uneven texture of the skin. In order to produce an enhanced tone, texture, and clearer skin, it stimulates cell regeneration.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4911
Published Date: May 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for glycolic acid from various industries such as cosmetics, and pharmaceuticals are the major factors driving the market growth.
The market size of glycolic acid is anticipated to attain a CAGR of ~9.60% over the forecast period, i.e., 2023-2035.
Hazardous effects of glycolic acid on health, the environment, and stringent regulations in the use of the acid are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are China Petrochemical Corporation, The Chemours Company, CABB Group, Saanvi Corp, Parchem Fine & Specialty Chemicals, Water Chemical Co., Ltd, Shandong Xinhua Pharmaceutical Co., Ltd., Mehul Dye Chem Industries, Avid Organics, Zhonglan Industry Co., Ltd., Eastman Chemical Company
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity, and the new products being launched into the market by the company.
The market is segmented by purity level, grade, application, and by region.
The personal care & dermatology segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.