Thioglycolic Acid Market, By Grade, By Application By Geography

Description

Thioglycolic acid market was valued at US$ 106.8 Mn in 2022, exhibiting a CAGR of 6.2% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 162.3 Mn by 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 106.8 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	6.20%	2030 Value Projection:	US$ 162.3 Mn

Global Thioglycolic Acid Market, By Application, 2023

Thioglycolic acid (TGA), also called mercaptoacetic acid (MAA), is a high-performance chemical containing mercaptan and carboxylic acid functionalities.

TGA is completely miscible in water and, in general, polar organic solvents. TGA is a strong reducing agent, especially at high pH, and forms powerful complexes with metals that give it specific characteristics. This acid is used in industries and applications as diverse as cosmetics, oil and gas, polymerization, fine chemistry, leather processing, cleaning, and metal recovery. In organic synthesis, thioglycolic acid acts as a sulfur transfer agent for sulfonyl chloride synthesis and a nucleophile in thioglycolysis reactions. Further, it is used in leather processing.

Market Dynamics

Increasing demand from the oil and gas sector for corrosion inhibitors and flow stimulators is expected to bolster demand for thioglycolic acid in the forecast period. The Bronsted acid characteristics of thioglycolic acid and its thiol functionality make it a chemical of choice for the preparation or regeneration of metal catalysts for hydrodesulfurization. The corrosion inhibiting properties of thioglycolic acid make it the most commonly used chemical for oil and gas and several other industries. The application of thioglycolic acid in corrosion inhibition is suppressing or at least mitigating the corrosion process of metals in different fields, spanning from industrial sectors to construction materials to surface treatments for cultural heritage.

According to the report presented by the Center for the Promotion of Imports Central Bureau of Investigation in March 2022, with increasing disposable income in emerging economies such as Germany, China, and India, demand is highest in the skin care, toiletries, and hair care product categories, thereby positively impacting the thioglycolic acid demand growth. Cosmetics are skincare products that enhance the appearance or odor of the human body. The salts of thioglycolic acid and some of its esters are used in the formulation of perms and for the preparation of depilatory creams. In these applications, the main salts are ammonium thioglycolate and potassium thioglycolate. In some applications, glycerol monothioglycolate is also used.

Key features of the study:

This report provides in-depth analysis of the global thioglycolic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global thioglycolic acid based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Arkema, Bruno Bock Chemische Fabrik GmbH & Co. KG, Daicel Corporation, Ever Flourish Chemical, HiMedia Laboratories, Merck Millipore, Qingdao LNT Chemical Co., Ltd., Ruchang Mining, Sasaki Chemical, Swan Chemical, Thermo Fisher Scientific, Inc., Tokyo Chemical Industry Co., Ltd., Innova Global (India), Triveni Aromatics And Perfumery Private Limited., and Vizag chemicals
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global thioglycolic acid market report caters to various stakeholders in this industry including investors, suppliers, cotton pad manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global thioglycolic acid market

Thioglycolic Acid Market Detailed Segmentation:

By Grade:
- High Purity Grade
- Low Purity Grade
- Technical Grade
By Application:
- Cosmetics
- Oil and Gas
- Plastics & Polymers Chemicals
- Leather Processing
- Cleaning Agents
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
Company Profiles
- Arkema
- Bruno Bock Chemische Fabrik GmbH & Co. KG
- Daicel Corporation
- Ever Flourish Chemical
- HiMedia Laboratories
- Merck Millipore
- Qingdao LNT Chemical Co., Ltd.
- Ruchang Mining
- Sasaki Chemical
- Swan Chemical
- Thermo Fisher Scientific, Inc.
- Tokyo Chemical Industry Co., Ltd.
- Innova Global (India)
- Triveni Aromatics and Perfumery Private Limited.
- Vizag chemicals

Product Code: CMI5116

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
Cost Tier Down Analysis

4. Global Thioglycolic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Thioglycolic Acid Market, By Grade, 2022-2030 (US$ Million and Tons)

Introduction
- Market Share Analysis, 2022 and 2030
- Y-o-Y Growth Analysis, 2022-2030(%)
- Segment Trends
High Purity Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Low Purity Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Technical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)

6. Global Thioglycolic Acid Market, By Application, 2022-2030(US$ Million and Tons)

Introduction
- Market Share Analysis, 2022 and 2030
- Y-o-Y Growth Analysis, 2022-2030(%)
- Segment Trends
Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Plastic and Polymer Chemicals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Leather Processing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Cleaning Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Million and Tons)

7. Global Thioglycolic Acid Market, By Region, 2022-2030 (US$ Million and Tons)

Introduction
- Market Share Analysis, By Region, 2022 and 2030
- Y-o-Y Growth Analysis, By Region, 2022-2030(%)
North America
- Market Share Analysis, By Country, 2022 and 2030
- Y-o-Y Growth Analysis, By Country, 2022-2030(%)
U.S.
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Canada
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Europe
- Market Share Analysis, By Country, 2022 and 2030
- Y-o-Y Growth Analysis, By Country, 2022-2030(%)
U.K.
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Germany
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
France
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Italy
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Spain
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Russia
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Asia Pacific
- Market Share Analysis, By Country, 2022 and 2030
- Y-o-Y Growth Analysis, By Country, 2022-2030(%)
China
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
India
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Japan
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
ASEAN
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Australia
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
South Korea
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Latin America
- Market Share Analysis, By Country, 2022 and 2030
- Y-o-Y Growth Analysis, By Country, 2022-2030(%)
Brazil
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Mexico
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Argentina
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Rest of Latin America
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Middle East
- Market Share Analysis, By Country, 2022 and 2030
- Y-o-Y Growth Analysis, By Country, 2022-2030(%)
GCC
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Israel
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Rest of Middle East
- Country Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Africa
- Market Share Analysis, By Sub-region, 2022 and 2030
- Y-o-Y Growth Analysis, By Sub-region, 2022-2030(%)
North Africa
- Sub-region Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
Central Africa
- Sub-region Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)
South Africa
- Sub-region Trends
- Market Size and Forecast, By Grade, 2022-2030 (US$ Million and Tons)
- Market Size and Forecast, By Application, 2022-2030 (US$ Million and Tons)

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Arkema
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
- Bruno Bock Chemische Fabrik GmbH & Co. KG
- Daicel Corporation
- Ever Flourish Chemical.
- HiMedia Laboratories
- Merck Millipore
- Qingdao LNT Chemical Co., Ltd
- Ruchang Mining
- Sasaki Chemical
- Swan Chemical
- Thermo Fisher Scientific, Inc
- Tokyo Chemical Industry Co., Ltd
- Innova Global (India)
- Triveni Aromatics and Perfumery Private Limited
- Vizag chemicals

9. Section

References
Research Methodology
About us and Sales Contact