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Report

Glycolic Acid Market Report and Forecast 2025-2034

Market Report I 2025-08-11 I 177 Pages I EMR Inc.

The glycolic acid market reached USD 350.87 Million in 2024, projected to grow at a 7.10% CAGR to USD 696.69 Million by 2034.

Industrial applications of glycolic acid are on the rise, particularly in the oil and refining industry where glycolic acid is commonly used as a cost-effective cleaning method. The thriving oil and gas industry, and utility of glycolic acid in cleaning and scraping processes are anticipated to contribute to the glycolic acid market growth in the coming years. Glycolic acid is non-volatile and biodegradable, and can be sourced from sugarcane, sugar beets, pineapple, immature grains, and cantaloupe, and can also be synthesised from fossil resources. Increasing production capacities for glycolic acid and streamlined supply chains are enhancing the availability and usage of glycolic acid across industries.

Rising Utilisation in Personal Care Application to Bolster the Growth of the Market for Glycolic Acid

Based on application, the personal care segment accounted for a significant share in the market for glycolic acid, owing to the rising demand for glycolic acid-based products for scalp and hair treatment. Over the forecast period, the increasing awareness about the benefits of glycolic acid on skin health and the increasing demand for skin care products among consumers are likely to bolster the consumption of glycolic acid in the skincare industry, thus, aiding the growth of this segment.

In addition, rising standards of living in developing economies of the world are encouraging more people to spend on personal care products, thereby, invigorating the market for glycolic acid. The household application segment is likely to witness a considerable growth in the forecast period. This can be attributed to the increasing use of glycolic acid in products like bathroom and kitchen cleaners, which are anticipated to witness an increased demand to maintain bathroom and kitchen hygiene.

Global Glycolic Acid Market Share by Region

Europe accounts for a significant share of the market for glycolic acid, fuelled by the increasing demand for premium cosmetics and anti-aging products. The high consumer purchasing power and increased awareness about the various skin benefits of glycolic acid are likely to bolster the market growth in the forecast period. Furthermore, the presence of the leading cosmetic manufacturers in countries like Italy and France is anticipated to be another key driver for the European glycolic acid market.

Glycolic Acid: Market Segmentation

Glycolic acid is a water-soluble alpha hydroxy acid that is derived from sugarcane. It is an odourless, colourless, and hygroscopic crystalline solid that helps to separate the connections between skin cells in the outer layers of skin and promotes exfoliation.

On the basis of grade, the market is bifurcated into

- Cosmetic
- Technical

The glycolic acid market segments, based on application are

- Personal Care
- Household
- Industrial
- Others

Based on region, the market can be divided into:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Increasing Demand for Cosmetic Grade Glycolic Acid to Boost the Growth of the Market

Increasing demand for cosmetic grade glycolic acid is one of the major factors driving the growth of the market. The high degree of acidity of glycolic acid and excellent water-solubility makes it ideal for cosmetics and personal care products such as creams for wrinkle treatment, skin care, scar removal, and hair nourishment, among others. The growing ageing population is escalating the sale of anti-wrinkle products, thereby, augmenting the market for glycolic acid. The increasing disposable income and rising standards of living have resulted in heightened consumer spending on cosmetics and personal care products, which is significantly contributing to the growth of the overall market.

Over the forecast period, the rising participation of women in the workforce and increasing purchasing power are likely to motivate them to use premium products, surging the demand for glycolic acid. In addition, increasing industrial applications of the glycolic acid, such as semiconductor processing, leather dying, and others, are expected to further enhance the market growth in the forecast period.

Key Players in the Global Glycolic Acid Market

The report gives a detailed analysis of the following key players in the global glycolic acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

- Jiaxing Jilat Chemical Co., Ltd.

- Avid Organics Pvt. Ltd.

- China Petrochemical Corporation

- Water Chemical Co., Ltd

- Zhonglan Industry Co.,Ltd.

- The Chemours Company

- CABB Group GmbH

- Shandong Xinhua Pharmaceutical I&E Co.,Ltd

- Phibro Animal Health Corporation

- Hefei TNJ Chemical Industry Co.,Ltd.

- Spectrum Chemical Mfg. Corp.

- Merck KGaA

- CrossChem Limited

- Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Glycolic Acid Market Analysis
5.1 Key Industry Highlights
5.2 Global Glycolic Acid Historical Market (2018-2024)
5.3 Global Glycolic Acid Market Forecast (2025-2034)
5.4 Global Glycolic Acid Market by Grade
5.4.1 Cosmetic
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Technical
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.5 Global Glycolic Acid Market by Application
5.5.1 Personal Care
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Household
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Industrial
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Others
5.6 Global Glycolic Acid Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Asia Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
6 North America Glycolic Acid Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Glycolic Acid Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Glycolic Acid Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Glycolic Acid Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Glycolic Acid Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2024) and Forecast (2025-2034)
13.2 Europe Historical Price Trends (2018-2024) and Forecast (2025-2034)
13.3 Asia Pacific Historical Price Trends (2018-2024) and Forecast (2025-2034)
13.4 Latin America Historical Price Trends (2018-2024) and Forecast (2025-2034)
13.5 Middle East and Africa Historical Price Trends (2018-2024) and Forecast (2025-2034)
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Jiaxing Jilat Chemical Co., Ltd.
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Avid Organics Pvt. Ltd.
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 China Petrochemical Corporation
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Water Chemical Co., Ltd
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Zhonglan Industry Co.,Ltd.
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 The Chemours Company
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 CABB Group GmbH
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Shandong Xinhua Pharmaceutical I&E Co.,Ltd
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Phibro Animal Health Corporation
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Hefei TNJ Chemical Industry Co.,Ltd.
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Spectrum Chemical Mfg. Corp.
14.5.11.1 Company Overview
14.5.11.2 Product Portfolio
14.5.11.3 Demographic Reach and Achievements
14.5.11.4 Certifications
14.5.12 Merck KGaA
14.5.12.1 Company Overview
14.5.12.2 Product Portfolio
14.5.12.3 Demographic Reach and Achievements
14.5.12.4 Certifications
14.5.13 CrossChem Limited
14.5.13.1 Company Overview
14.5.13.2 Product Portfolio
14.5.13.3 Demographic Reach and Achievements
14.5.13.4 Certifications
14.5.14 Others

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