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Last updated on April 18, 2014 at 17:24 EDT

Global Glycolic Acid Market is Expected to Reach USD 203.3 million in 2018: Transparency Market Research

August 13, 2013

ALBANY, New York, August 13, 2013 /PRNewswire/ –

According to a new report published by Transparency Market Research (
http://www.transparencymarketresearch.com) “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.

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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.

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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
        - Industrial
        - Others (Sutures, PGA)

The report provides a cross-sectional analysis of all the above application segments
with respect to the following regions:

        - North America
        - Europe
        - 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:

        - Germany
        - Spain
        - Italy
        - France
        - United Kingdom
        - Netherlands
        - Russia
        - Ukraine
        - Poland
        - Others

Browse all Chemical Industry Research Reports @

http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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Transparency Market Research [http://www.transparencymarketresearch.com ] is a global
market intelligence company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis provides
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