Latest Market Research Report 2025

  The global glycolic acid market was valued at USD 302.4 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. The primary driver of this growth is the increasing demand for skin and hair care products containing glycolic acid, a natural compound that plays a crucial role in enhancing the appearance and texture of skin and hair. In addition to personal care applications, glycolic acid is also used in various industrial sectors, including emulsion polymers, inks, and paints, further expanding the market. As a key ingredient in many beauty and wellness products, glycolic acid's versatility is helping it gain widespread acceptance across multiple industries. Key Drivers of Growth Demand in Skin and Hair Care Products : Glycolic acid, known for its exfoliating properties, is widely used in skincare products such as moisturizers, body washes, scrubs, sunscreens, and anti-aging formulations. The increasing awareness about skincare and...

   The global glycolic acid market was valued at USD 302.4 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2030. A significant factor driving this market growth is the increasing demand for skin and hair care products that contain glycolic acid. This compound is not only valued in personal care but is also utilized in the production of emulsion polymers and as an additive in inks and paints, thereby expanding its market applications. Glycolic acid is a naturally occurring compound primarily derived from citrus fruits such as oranges and grapes. Additionally, other sources include kiwi, beets, and sugarcane, which also contribute to its availability. The growing production of formaldehyde, along with technological advancements aimed at optimizing production processes, is expected to further enhance market growth. These advancements may lead to more efficient methods of synthesizing glycolic acid, increasing supply to meet ri...