Glycolic Acid Market

By Grade;

Cosmetic Grade and Technical Grade

By Purity;

99%, 70%, 60%, and 30%

By Source;

Synthetic and Natural

By Application;

Personal Care & Dermatology, Industrial, Household, and Others [Tanning & Dyeing, Agriculture, Adhesive, and Medical & Food]

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn107636128 Published Date: August, 2025

Glycolic Acid Market Overview

Glycolic Acid Market (USD Million)

Glycolic Acid Market was valued at USD 468.70 million in the year 2024. The size of this market is expected to increase to USD 772.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.


Glycolic Acid Market

*Market size in USD million

CAGR 7.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.4 %
Market Size (2024)USD 468.70 Million
Market Size (2031)USD 772.55 Million
Market ConcentrationMedium
Report Pages388
468.70
2024
772.55
2031

Major Players

  • The Dow Chemical Company
  • Cargill, Inc.
  • AkzoNobel N.V.
  • BASF SE
  • Eastman Chemical Company
  • Huntsman International LLC
  • Galderma S.A.
  • Chemours Company
  • Clariant International Ltd.
  • Zhejiang Jianye Chemical Co., Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Glycolic Acid Market

Fragmented - Highly competitive market without dominant players


The Glycolic Acid Market is witnessing rapid growth, supported by its wide use in cosmetics, textiles, cleaning, and pharmaceuticals. Adoption of glycolic acid in skincare products has risen by over 45%, owing to its strong exfoliating and anti-aging benefits. Its biodegradable nature and eco-friendly characteristics are positioning it as a preferred chemical in multiple industries.

Key Drivers Accelerating Growth
Nearly 55% of demand comes from the cosmetics and personal care sector, where glycolic acid is a core ingredient in peels, creams, and cleansers. Its proven ability to enhance skin renewal and reduce pigmentation is fueling adoption, further supported by a 30% surge in demand for premium skincare solutions globally.

Expanding Industrial Applications
Industrial usage accounts for nearly 35% of glycolic acid consumption, covering textile finishing, leather processing, and cleaning agents. Its role as an effective pH regulator and dyeing agent is driving growth in textile and leather industries. The rising need for efficient cleaning formulations is also pushing adoption in commercial and household products.

Healthcare and Pharmaceutical Relevance
In pharmaceuticals, glycolic acid is increasingly used in drug delivery systems, dissolvable sutures, and medical applications. With around 25% growth in its healthcare usage, it is gaining prominence as a safe and versatile compound. Its compatibility with biodegradable polymers strengthens its role in advanced medical solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Purity
    3. Market Snapshot, By Source
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Glycolic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Skincare product demand
        2. Anti-aging benefits
        3. Chemical peels popularity
        4. Industrial applications growth
        5. Regulatory support
      2. Restraints
        1. Skin irritation risks
        2. High production costs
        3. Regulatory hurdles
        4. Market competition
        5. Limited raw material sources
      3. Opportunities
        1. Emerging markets growth
        2. Innovation in formulations
        3. Sustainable production methods
        4. Expanding beauty trends
        5. New application areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Glycolic Acid Market, By Grade, 2021 - 2031 (USD Million)
      1. Cosmetic Grade
      2. Technical Grade
    2. Glycolic Acid Market, By Purity, 2021 - 2031 (USD Million)

      1. 99%

      2. 70%

      3. 60%

      4. 30%

    3. Glycolic Acid Market, By Source, 2021 - 2031 (USD Million)

      1. Synthetic

      2. Natural

    4. Glycolic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Personal Care & Dermatology
      2. Industrial
      3. Household
      4. Others
        1. Tanning & Dyeing
        2. Agriculture
        3. Adhesive
        4. Medical & Food
    5. Glycolic Acid Market, By Geography,2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. The Dow Chemical Company
      2. Cargill, Inc.
      3. AkzoNobel N.V.
      4. BASF SE
      5. Eastman Chemical Company
      6. Huntsman International LLC
      7. Galderma S.A.
      8. Chemours Company
      9. Clariant International Ltd.
      10. Zhejiang Jianye Chemical Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market