Glycolic Acid Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020

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Glycolic Acid Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And

Forecasts, 2014 To 2020

Global glycolic acid market is expected to witness momentous growth owing to increasing application in

major end-use industries including personal care and household cleaning over the forecast period. Rising

concern over skin and hair problem among youth is expected to be the major factor driving the global

glycolic acid market over the foreseeable period.

Growing anti-aging products demand among young inhabitants is further likely to propel the market

growth in the future. Glycolic acid finds application in industrial products such as PET bottles and

medical sutures. Increasing shore up for biodegradable product is anticipated to have positive impact on

global glycolic acid market over the next six years.

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Polyglycolic acid (PGA) is a derivative product of glycolic acid, and is used in manufacturing surgical

sutures. Growing PGA demand owing to increasing use in medical equipments is projected to compel

the market over the forecast period. Glycolic acid is used as an ingredient in shampoos, face peels,

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ointments, and moisturizers. Growing personal care products demand coupled with increasing

consumer awareness toward use of biodegradable products are expected to create an opportunity for

the market players over the foreseeable period.

Water treatment is the also one of the major end-use application segment. Growing need of water

owing to increasing population is expected to be the major factor driving the market over the

foreseeable period. However, availability of salicylic acid as an alternative is expected to hinder the

market growth in the future.

High consumption of concentrated glycolic acid may...