Posted 3/12/2024, 8:47:00 AM
Glycolic Acid Market to Nearly Double by 2031 Due to Demand From Healthcare and Cosmetics Industries
- Global glycolic acid market valued at $340 million in 2021, forecast to reach $683.5 million by 2031 with a 7.23% CAGR
- Widespread use in cleaning surgical instruments and industrial equipment due to acid's low toxicity and solubility
- Glypure 99 high-purity grade popular in cosmetics for its pore-cleansing properties
- Healthcare sector occupies largest market share, while Asia Pacific leads regions with 32.6% share
- Key players include Phibro Animal Health, CABB Group, Avid Organics, Chemours Company, and SINOPEC