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From GlobeNewswire: 2025-05-16 09:30:00
The Glycolic Acid Market was valued at USD 349.07 million in 2024, expected to reach USD 648.92 million by 2032 with a CAGR of 8.06%. The market is driven by increasing demand in cosmetics, skincare, and dermatology, with major players expanding capacity and launching new products. The US market is projected to reach USD 137.85 million by 2032, driven by consumer awareness and increased production.
Glycolic Acid has seen growing adoption in skincare and personal care products, with consumer demand for natural formulations leading to a shift towards eco-friendly, sugarcane-derived options. The US FDA and EPA have approved Glycolic Acid-infused products, driving market growth. Major players like The Chemours Company and BASF are expanding capacity to meet demand, with a focus on healthy skin and minimally invasive procedures.
The market is dominated by cosmetic-grade Glycolic Acid, with a 67% market share in 2024. Cosmetic grade is preferred for skincare products due to its purity and effectiveness, with brands like Murad and Paula’s Choice expanding their product lines. FDA approvals and dermatological recommendations further boost market growth, especially in the US and Europe.
The Personal Care & Dermatology segment holds a 54% market share in Glycolic Acid applications, driven by increased usage in skincare routines for exfoliation, acne treatment, and anti-aging benefits. Brands like Neutrogena and Olay are introducing new Glycolic Acid products, making them more accessible to consumers. Clinical research supporting the effectiveness of Glycolic Acid in personal care contributes to market growth.
Asia Pacific dominated the Glycolic Acid Market in 2024, holding a 39% market share. The region’s growth is fueled by the flourishing cosmetics and personal care industry, driven by factors like growing disposable income, urbanization, and changing consumer standards. Major skincare product demand in countries like China, India, and South Korea is boosting market growth.
North America is the fastest-growing region in the Glycolic Acid Market, with significant growth expected in the forecast period. Strong consumer awareness, dermatological research, and stringent regulatory standards for product safety are driving market growth. Prominent players like Ashland and The Chemours Company are increasing production and introducing new products in the region, catering to rising consumer interest in non-invasive cosmetic procedures.
Read more at GlobeNewswire: Glycolic Acid Market to Reach USD 648.92 million by 2032 |