PUBLISHER: KBV Research | PRODUCT CODE: 1450585
PUBLISHER: KBV Research | PRODUCT CODE: 1450585
Asia Pacific Glycolic Acid Size, Share & Trends Analysis Report By Grade (Technical Grade and Cosmetic Grade), By Application (Personal Care & Dermatology, Industrial, Household and Others), By Country and Growth Forecast, 2023 - 2030
The Asia Pacific Glycolic Acid Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 27,467.1 tonnes, showcasing a growth of 6.3% (2019-2022).
The adoption of glycolic acid in the textile industry is driven by its ability to improve dyeing and finishing processes. Textile manufacturers recognize the compound's chelating properties, which facilitate the removal of impurities from fabrics, resulting in better dye absorption and color retention. The enhanced quality and appearance of textiles treated with glycolic acid contribute to its continued adoption in the textile industry. Industries involved in metal cleaning and oil drilling have adopted glycolic acid for its efficient cleaning properties. The compound's effectiveness in dissolving mineral deposits and scale on metal surfaces has positioned it as a crucial component in industrial cleaning solutions. As industries prioritize environmentally friendly practices, glycolic acid's biodegradability and efficacy contribute to its increased adoption in industrial cleaning processes.
It is incorporated into some hair removal products due to its exfoliating properties. It helps reduce ingrown hairs and improves the overall smoothness of the skin after hair removal. It is commonly found in topical acne treatments, such as cleansers, creams, and spot treatments. Its exfoliating action helps unclog pores, prevent the formation of comedones, and reduce the severity of acne lesions. It is used in certain photochemical processes in photography. Some photographic developers harness its ability to act as a reducing agent to process photographic films and prints. In the food industry, it may be used for pH adjustment in certain products. Its ability to act as an acidulant controls and stabilizes the acidity levels in food and beverage formulations.
As per Invest India, the pharmaceutical industry in India is anticipated to increase to $65 billion by 2024 and $130 billion by 2030. One of the largest suppliers of inexpensive vaccines is India. India is a significant exporter of pharmaceuticals, with exports to over 200+ countries. Similarly, as per China.org, in 2021, the combined business revenue of China's pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Glycolic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $54,784.7 Thousands by 2030. The Japan market is exhibiting a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.9% during (2023 - 2030).
Based on Grade, the market is segmented into Technical Grade and Cosmetic Grade. Based on Application, the market is segmented into Personal Care & Dermatology, Industrial, Household and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- The Chemours Company
- China Petrochemical Corporation (Sinopec Group)
- Merck KGaA
- Shandong Xinhua Pharmaceuticals Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Siddharth Chlorochem Pvt. Ltd.
- Avid Organics Pvt. Ltd.
- Hebei Chengxin Co., Ltd.
- Sancai Industry Co., Ltd
- Phibro Animal Health Corporation
Asia Pacific Glycolic Acid Market Report Segmentation
By Grade (Volume, Tonnes, USD Million, 2019-2030)
- Technical Grade
- Cosmetic Grade
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Personal Care & Dermatology
- Industrial
- Household
- Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Asia Pacific Glycolic Acid Market, by Grade
- 1.4.2Asia Pacific Glycolic Acid Market, by Application
- 1.4.3Asia Pacific Glycolic Acid Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Asia Pacific Glycolic Acid Market by Grade
- 4.1Asia Pacific Technical Grade Market by Country
- 4.2Asia Pacific Cosmetic Grade Market by Country
Chapter 5.Asia Pacific Glycolic Acid Market by Application
- 5.1Asia Pacific Personal Care & Dermatology Market by Country
- 5.2Asia Pacific Industrial Market by Country
- 5.3Asia Pacific Household Market by Country
- 5.4Asia Pacific Others Market by Country
Chapter 6.Asia Pacific Glycolic Acid Market by Country
- 6.1China Glycolic Acid Market
- 6.1.1China Glycolic Acid Market by Grade
- 6.1.2China Glycolic Acid Market by Application
- 6.2Japan Glycolic Acid Market
- 6.2.1Japan Glycolic Acid Market by Grade
- 6.2.2Japan Glycolic Acid Market by Application
- 6.3India Glycolic Acid Market
- 6.3.1India Glycolic Acid Market by Grade
- 6.3.2India Glycolic Acid Market by Application
- 6.4South Korea Glycolic Acid Market
- 6.4.1South Korea Glycolic Acid Market by Grade
- 6.4.2South Korea Glycolic Acid Market by Application
- 6.5Singapore Glycolic Acid Market
- 6.5.1Singapore Glycolic Acid Market by Grade
- 6.5.2Singapore Glycolic Acid Market by Application
- 6.6Malaysia Glycolic Acid Market
- 6.6.1Malaysia Glycolic Acid Market by Grade
- 6.6.2Malaysia Glycolic Acid Market by Application
- 6.7Rest of Asia Pacific Glycolic Acid Market
- 6.7.1Rest of Asia Pacific Glycolic Acid Market by Grade
- 6.7.2Rest of Asia Pacific Glycolic Acid Market by Application
Chapter 7.Company Profiles
- 7.1The Chemours Company
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5SWOT Analysis
- 7.2China Petrochemical Corporation (Sinopec Group)
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Research & Development Expenses
- 7.2.4SWOT Analysis
- 7.3Merck KGaA
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expense
- 7.3.5SWOT Analysis
- 7.4Shandong Xinhua Pharmaceutical Co. Ltd
- 7.4.1Company Overview
- 7.5Hefei TNJ Chemical Industry Co., Ltd.
- 7.5.1Company Overview
- 7.6Siddharth Chlorochem Pvt. Ltd.
- 7.6.1Company Overview
- 7.7Avid Organics Pvt. Ltd.
- 7.7.1Company Overview
- 7.8Hebei Chengxin Co., Ltd.
- 7.8.1Company Overview
- 7.9Sancai Industry Co., Ltd
- 7.9.1Company Overview
- 7.10.Phibro Animal Health Corporation
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expenses
LIST OF TABLES
- TABLE 1Asia Pacific Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 2Asia Pacific Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 3Asia Pacific Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 4Asia Pacific Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 5Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 6Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 7Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 8Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 9Asia Pacific Technical Grade Market by Country, 2019 - 2022, USD Thousands
- TABLE 10Asia Pacific Technical Grade Market by Country, 2023 - 2030, USD Thousands
- TABLE 11Asia Pacific Technical Grade Market by Country, 2019 - 2022, Tonnes
- TABLE 12Asia Pacific Technical Grade Market by Country, 2023 - 2030, Tonnes
- TABLE 13Asia Pacific Cosmetic Grade Market by Country, 2019 - 2022, USD Thousands
- TABLE 14Asia Pacific Cosmetic Grade Market by Country, 2023 - 2030, USD Thousands
- TABLE 15Asia Pacific Cosmetic Grade Market by Country, 2019 - 2022, Tonnes
- TABLE 16Asia Pacific Cosmetic Grade Market by Country, 2023 - 2030, Tonnes
- TABLE 17Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 18Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 19Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 20Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 21Asia Pacific Personal Care & Dermatology Market by Country, 2019 - 2022, USD Thousands
- TABLE 22Asia Pacific Personal Care & Dermatology Market by Country, 2023 - 2030, USD Thousands
- TABLE 23Asia Pacific Personal Care & Dermatology Market by Country, 2019 - 2022, Tonnes
- TABLE 24Asia Pacific Personal Care & Dermatology Market by Country, 2023 - 2030, Tonnes
- TABLE 25Asia Pacific Industrial Market by Country, 2019 - 2022, USD Thousands
- TABLE 26Asia Pacific Industrial Market by Country, 2023 - 2030, USD Thousands
- TABLE 27Asia Pacific Industrial Market by Country, 2019 - 2022, Tonnes
- TABLE 28Asia Pacific Industrial Market by Country, 2023 - 2030, Tonnes
- TABLE 29Asia Pacific Household Market by Country, 2019 - 2022, USD Thousands
- TABLE 30Asia Pacific Household Market by Country, 2023 - 2030, USD Thousands
- TABLE 31Asia Pacific Household Market by Country, 2019 - 2022, Tonnes
- TABLE 32Asia Pacific Household Market by Country, 2023 - 2030, Tonnes
- TABLE 33Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 34Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 35Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
- TABLE 36Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
- TABLE 37Asia Pacific Glycolic Acid Market by Country, 2019 - 2022, USD Thousands
- TABLE 38Asia Pacific Glycolic Acid Market by Country, 2023 - 2030, USD Thousands
- TABLE 39Asia Pacific Glycolic Acid Market by Country, 2019 - 2022, Tonnes
- TABLE 40Asia Pacific Glycolic Acid Market by Country, 2023 - 2030, Tonnes
- TABLE 41China Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 42China Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 43China Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 44China Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 45China Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 46China Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 47China Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 48China Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 49China Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 50China Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 51China Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 52China Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 53Japan Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 54Japan Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 55Japan Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 56Japan Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 57Japan Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 58Japan Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 59Japan Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 60Japan Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 61Japan Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 62Japan Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 63Japan Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 64Japan Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 65India Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 66India Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 67India Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 68India Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 69India Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 70India Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 71India Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 72India Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 73India Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 74India Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 75India Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 76India Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 77South Korea Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 78South Korea Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 79South Korea Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 80South Korea Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 81South Korea Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 82South Korea Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 83South Korea Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 84South Korea Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 85South Korea Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 86South Korea Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 87South Korea Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 88South Korea Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 89Singapore Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 90Singapore Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 91Singapore Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 92Singapore Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 93Singapore Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 94Singapore Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 95Singapore Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 96Singapore Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 97Singapore Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 98Singapore Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 99Singapore Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 100Singapore Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 101Malaysia Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 102Malaysia Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 103Malaysia Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 104Malaysia Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 105Malaysia Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 106Malaysia Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 107Malaysia Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 108Malaysia Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 109Malaysia Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 110Malaysia Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 111Malaysia Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 112Malaysia Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 113Rest of Asia Pacific Glycolic Acid Market, 2019 - 2022, USD Thousands
- TABLE 114Rest of Asia Pacific Glycolic Acid Market, 2023 - 2030, USD Thousands
- TABLE 115Rest of Asia Pacific Glycolic Acid Market, 2019 - 2022, Tonnes
- TABLE 116Rest of Asia Pacific Glycolic Acid Market, 2023 - 2030, Tonnes
- TABLE 117Rest of Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
- TABLE 118Rest of Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
- TABLE 119Rest of Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
- TABLE 120Rest of Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
- TABLE 121Rest of Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
- TABLE 122Rest of Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
- TABLE 123Rest of Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, Tonnes
- TABLE 124Rest of Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, Tonnes
- TABLE 125Key Information - The Chemours Company
- TABLE 126Key Information - China Petrochemical Corporation
- TABLE 127key Information - Merck KGaA
- TABLE 128Key Information - Shandong Xinhua Pharmaceutical Co., Ltd
- TABLE 129Key Information - Hefei TNJ Chemical Industry CO., LTD.
- TABLE 130Key Information - Siddharth Chiorochem Pvt. Ltd.
- TABLE 131Key Information - Avid Organics Pvt. Ltd.
- TABLE 132Key Information -Hebei Chengxin Co., Ltd.
- TABLE 133Key Information - Sancai Industry CO., LTD
- TABLE 134Key Information - Phibro Animal Health Corporation
