PUBLISHER: IMARC | PRODUCT CODE: 1746952
PUBLISHER: IMARC | PRODUCT CODE: 1746952
The Japan glycolic acid market size reached USD 21.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 39.0 Million by 2033, exhibiting a growth rate (CAGR) of 6.18% during 2025-2033. The market is driven by the growing product usage in the skincare sector and the expanding geriatric population in Japan, owing to its renowned skin-rejuvenating and anti-aging properties. It is also witnessing increasing interest in other industries, including pharmaceuticals and manufacturing.
Growing Product Usage in the Skincare Sector
The elevating demand for glycolic acid in the cosmetics and personal care sectors is a key trend. This acid is widely utilized as a neutralizing agent, especially in hair straightening and hair care products, such as shampoos, creams, conditioners, etc., at levels of 0.5-10%. The personal care market in Japan is well-established, with over 3,000 companies operating in the market. Glycolic acid is also renowned for its exfoliating properties to help remove dead skin cells to ensure bright and smooth skin. As such, it is extensively utilized in skin brightening and anti-aging products in Japan.
Expanding Geriatric Population
Glycolic acid is used in products in high demand among ageing populations to address concerns such as wrinkles, fine lines, uneven skin tone, etc. It helps maintain skin firmness and elasticity. Japan has among the lowest birth rates across the globe, and 29.1% of the population was aged 65 and above as of September 2023. More than one in 10 Japanese people are aged 8- or older, making Japan the world's oldest population. Therefore, old age-related skincare products are in high demand in Japan, and this invariably involves the usage of glycolic acid.
Increasing Product Usage for Cleaning Electronic Components and Heavy Machinery
Glycolic acid is renowned for its ability to remove mineral deposits, rust, and other contaminants from electronic components and heavy machinery without negatively impacting the underlying material. 70% technical grade variant of the acid offers exceptional performance and properties for several metal finishing and cleaning applications. It is safe to use on sensitive metals, such as aluminum and copper, making it a preferable alternative to strong acids or inorganic options, including hydrochloric acid or phosphoric acid. This has propelled its usage in the numerous industry verticals, including the paints and coatings sector, where it is in high demand for dissolving oils and grime to prepare metal surfaces for further processing. Glycolic acid's usage in heavy machinery in Japan is particularly relevant since Japan is among the largest manufacturers of heavy machinery and equipment in the world, with the output value of the machinery segment accounting for about half of the country's overall manufacturing industry.
Emerging Usage in Pharmaceutical Industry
In line with glycolic acid's uses in skincare products, it has been adopted in dermatological applications to treat skin conditions such as acne, psoriasis, keratosis pilaris, and numerous other skin-related conditions that involve promoting the shedding of dead skin cells to facilitate the natural regeneration process. Glycolic acid is also being adopted in biodegradable materials for inner-body implanted sustained-release medicine systems, implantable repair equipment, biological absorbable surgical sutures, artificial bones, etc.
Government Regulations Favoring Sustainable Chemicals Over Synthetic Compounds
Glycolic acid is primarily derived from sugar cane, fruits, and milk, which are natural sources. This is beneficial for its demand, as the Japanese government is encouraging the usage of organic and natural compounds over synthetic variants as part of its commitment to achieve carbon neutrality by 2050. The government's Clean Energy Strategy stipulates a 46% reduction in greenhouse gas emissions by 2030 and decarbonization across sectors. These trends reflect well for the market outlook for glycolic acid, which is also seeing increasing interest in the development of purely bio-based variants.