Thioglycolate Market - By Raw Material (Calcium Thioglycolate, Potassium Thioglycolate, Ammonium Thioglycolate, Sodium Thioglycolate), By Function (Reducing Agent, Complexing Agent), By Application & Forecast, 2023

Description

List of Tables

Global Thioglycolate Market share will expand at 3.2% between 2023 and 2032, driven by the noticeable expansion of the cosmetics industry. According to Cosmetics Europe- the personal care association, in 2022, the cosmetics and personal care industry in Europe boasted a total market value of €88 billion at the retail sales price. Among the European nations, the leading markets for these products include Germany (€14.3 billion), France (€12.9 billion), Italy (€11.5 billion), the UK (€10.5 billion), Spain (€9.3 billion), and Poland (€4.5 billion).

Thioglycolic acid and its derivatives are key ingredients in several hair removal and hair treatment products, like depilatory creams and perms. As the demand for such cosmetic products continues to rise, the need for thioglycolate increases, presenting a significant growth opportunity for the Thioglycolate industry in response to the cosmetics industry's expansion.

The overall Thioglycolate market is categorized based on type, function, application, and region.

Potassium thioglycolate industry will record a healthy CAGR between 2023 and 2032 due to the widespread use of potassium thioglycolate in depilatory creams and lotions. It is a crucial ingredient for effectively breaking down and dissolving hair proteins, allowing for painless hair removal. As the beauty and personal care industry continues to grow, the demand for products that offer smooth and hassle-free hair removal also increases, contributing to the elevated demand for potassium thioglycolate in the market.

The complexing agent segment could dominate the thioglycolate market share by 2032. The adoption of thioglycolate as a complexing agent is promoted by its exceptional ability to form stable complexes with various metal ions. This property is valuable in several industries, including textiles, photography, and water treatment, where controlling the reactivity of metal ions is essential. Thioglycolate's versatility and effectiveness in chelation processes make it a preferred choice, driving its increasing adoption as a complexing agent across different applications.

Asia Pacific thioglycolate industry is experiencing robust growth due to several factors. Rising industrialization and increased manufacturing activities have driven the demand for chemicals like thioglycolate used in various applications, from cosmetics to textiles. Additionally, the expanding consumer base and a growing awareness of the benefits of thioglycolate in different sectors contribute to its surging popularity, leading to substantial market growth in Asia Pacific.

Product Code: 6492

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Thioglycolate industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Function trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Thioglycolate Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By type
- 3.3.2 By function
- 3.3.3 By application
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Thioglycolate Market Size and Forecast, By Type 2018 - 2032

5.1 Calcium Thioglycolate
5.2 Potassium Thioglycolate
5.3 Ammonium Thioglycolate
5.4 Sodium Thioglycolate
5.5 Others

Chapter 6 Thioglycolate Market Size and Forecast, By Function 2018 - 2032

6.1 Reducing Agent
6.2 Complexing Agent
6.3 Others

Chapter 7 Thioglycolate Market Size and Forecast, By Application 2018 - 2032

7.1 Personal Care & Cosmetics
7.2 Chemical Processing
7.3 Pharmaceuticals
7.4 Textiles
7.5 Others

Chapter 8 Thioglycolate Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 BASF SE
9.2 Akzo Nobel N.V.
9.3 Dow Inc.
9.4 Merck KGaA
9.5 Aarti Industries Limited
9.6 Bruno Bock Chemische Fabrik GmbH & Co. KG
9.7 Nippon Shokubai Co., Ltd.
9.8 Nacalai Tesque, Inc.
9.9 Jost Chemical Co.
9.10 Neostar United Industrial Co., Ltd.
9.11 BOC Sciences
9.12 GFS Chemicals, Inc.
9.13 All-Chemie, Ltd.
9.14 Haihang Industry Co., Ltd.
9.15 Reaxis Inc.