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WILMINGTON, Del. , Aug. 24, 2022 /PRNewswire/ -- The demand analysis of glycolic acid market indicates a widespread use of the chemical in diverse range of industrial cleaning applications, notably in cleaning equipment and cleaning of metals in various industries. Moreover, growing usage of glycolic acid as toner and cleanser agents in several skincare products has spurred sizable opportunities. The global glycolic acid market is projected to rise at a CAGR of 7.23% from 2022 to 2031 (forecast period).
Furthermore, attractive toxicity profile makes the chemical useful in haircare and skincare products, thereby making personal care & cosmetics one of the key market segments in glycolic acid. Industry stakeholders operating in the glycolic acid market have benefitted from good chemical stability of glycolic acid. Stridently, the growth is fueled by expansion of personal care industry in various developing and developed economies.
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Key Findings of Glycolic Acid Market Study
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Glycolic Acid Market: Key Drivers
Glycolic Acid Market: Regional Growth Dynamics
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Glycolic Acid Market: Key Players
The study finds that a relatively large number of small and large-scale manufacturers and suppliers control demand and supply dynamics in the glycolic acid market.
Some of the key players are Shandong Xinhua Pharmaceutical Co.Ltd., Saanvi Corp, Hefei TNJ Chemical Industry Co.Ltd., Hebei Chengxin Co., Ltd., Water Chemical Co., Ltd., Zhonglan Industry Co., Ltd., Shandong Xinhua Pharmaceutical Co.Ltd., CrossChem LP, CABB Group GmbH, and The Chemours Company.
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