Glycolic Acid Market
By Grade;
Cosmetic Grade and Technical GradeBy Purity;
99%, 70%, 60%, and 30%By Source;
Synthetic and NaturalBy 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).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 Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 7.4 % |
Market Size (2024) | USD 468.70 Million |
Market Size (2031) | USD 772.55 Million |
Market Concentration | Medium |
Report Pages | 388 |
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.
Glycolic Acid Market Recent Developments
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In June 2023, the use of glycolic acid expanded in chemical synthesis and polymer production, owing to its versatile properties and effectiveness in producing high,quality, biodegradable materials.
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In October 2020, the glycolic acid market grew as it became a key ingredient in skincare products, including anti,aging formulations, contributing to the rise of the global cosmetic industry.
Glycolic Acid Market Segment Analysis
In this report, the Glycolic Acid Market has been segmented by Grade, Purity,Application and Geography.
Glycolic Acid Market, Segmentation by Grade
The Glycolic Acid Market has been segmented by Grade into Cosmetic grade and Technical grade.
In this report, the Glycolic Acid Market has been segmented by Grade into Cosmetic Grade and Technical Grade.
Cosmetic GradeThe cosmetic grade segment leads the global market with nearly 65% share. It is extensively used in skincare products such as chemical peels, exfoliants, and anti-aging creams because of its ability to enhance skin renewal. Rising demand for premium personal care solutions continues to support the strong growth of this segment.
Technical GradeThe technical grade category accounts for approximately 35% of market demand, mainly serving industrial purposes. It is widely applied in textile processing, leather treatment, industrial cleaning, and adhesives. Its efficiency as a descaling agent and in metal surface treatment makes it indispensable in various industrial operations, driving its steady market expansion.
Glycolic Acid Market, Segmentation by Purity
The Glycolic Acid Market has been segmented by Purity into 99%, 70%, 60%, and 30%.
In this report, the Glycolic Acid Market has been segmented by Purity into 99%, 70%, 60%, and 30%.
99% PurityThe 99% purity grade holds nearly 40% of the market and is utilized in pharmaceuticals, specialty chemicals, and advanced skincare formulations. Its superior concentration provides high effectiveness, making it the preferred choice for premium-grade applications across healthcare and cosmetics industries.
70% PurityThe 70% purity segment represents about 30% of market demand and is widely used in cosmetics, hair care solutions, and chemical peels. Its balance of performance and safety makes it a key ingredient in dermatology-based and over-the-counter personal care formulations.
60% PurityThe 60% purity category accounts for nearly 20% of the market, primarily serving industrial applications such as textile processing, leather treatment, and cleaning agents. Its cost-effectiveness and optimal strength make it suitable for large-scale operations in manufacturing sectors.
30% PurityThe 30% purity segment contributes around 10% of market demand, mainly used in household cleaning products and mild skincare solutions. Its lower concentration ensures safe handling and minimizes irritation risk, making it suitable for everyday consumer applications.
Glycolic Acid Market, Segmentation by Application
The Glycolic Acid Market has been segmented by Application into Personal care & Dermatology, Industrial, Household and Others (tanning & dyeing.
In this report, the Glycolic Acid Market has been segmented by Application into Personal Care & Dermatology, Industrial, Household and Others (Tanning & Dyeing).
Personal Care & DermatologyThe personal care & dermatology segment leads the market with nearly 55% share. It is extensively used in chemical peels, anti-aging creams, and exfoliating solutions owing to its strong ability to promote skin renewal. Rising consumer demand for premium skincare products continues to drive the growth of this segment.
IndustrialThe industrial segment accounts for approximately 25% of market demand. It plays a vital role in textile finishing, leather processing, adhesives, and as a cleaning and descaling agent in various manufacturing industries. The increasing adoption of efficient processing chemicals sustains the growth of this category.
HouseholdThe household category contributes around 15% of global share. It is used in surface cleaners, detergents, and descaling solutions for its ability to effectively remove stains, grease, and mineral deposits. Rising consumer preference for high-performance cleaning products supports demand in this segment.
Others (Tanning & Dyeing)The others segment, including tanning and dyeing applications, represents about 5% of the market. Glycolic acid is valued for enhancing leather softness and improving dye color uniformity. Although niche, this category maintains steady demand across specialty industries.
Glycolic Acid Market, Segmentation by Geography
In this report, the Glycolic Acid Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Glycolic Acid Market Share (%), by Geographical Region
In this report, the Glycolic Acid Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
North AmericaNorth America represents nearly 30% of the market, fueled by demand in personal care, pharmaceuticals, and household cleaning products. The presence of leading cosmetic manufacturers and advanced research facilities enhances growth across this region.
EuropeEurope holds around 25% of global share, with strong applications in cosmetics, dermatology, and industrial uses. Strict regulatory frameworks ensure high-quality adoption of glycolic acid in skincare and pharmaceuticals.
Asia PacificAsia Pacific leads the global market with approximately 35% share, driven by rising demand in China, India, and Japan. Growing industrialization and higher spending on personal care solutions strengthen the region’s dominance.
Middle East & AfricaMiddle East & Africa contribute nearly 5% of demand, supported by industrial growth in textiles and leather processing. Increasing adoption of cosmetic products in urban markets is further aiding expansion.
Latin AmericaLatin America accounts for about 5% of global share, with key markets in Brazil and Mexico. Rising consumer preference for skincare, tanning, and household cleaning solutions continues to boost demand in this region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Glycolic Acid Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Skincare product demand
- Anti-aging benefits
- Chemical peels popularity
- Industrial applications growth
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Regulatory support: Regulatory support in the global glycolic acid market is crucial for ensuring safe and effective use across various applications, including cosmetics, pharmaceuticals, and industrial sectors. Regulatory bodies like the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) establish guidelines and standards for the concentration and usage of glycolic acid in consumer products. These regulations help prevent adverse effects and ensure product efficacy, contributing to consumer confidence and market stability. Additionally, regulations vary by region, influencing how companies navigate compliance requirements and market entry strategies.
In recent years, there has been increased focus on enhancing regulatory frameworks to address safety concerns and environmental impacts associated with glycolic acid production and use. This includes stricter controls on manufacturing processes and disposal practices to minimize ecological footprint. Industry stakeholders are working closely with regulators to align with these evolving standards, which can affect market dynamics by influencing product formulation and supply chain practices. The regulatory landscape is expected to continue evolving, potentially driving innovation and changes in the global glycolic acid market.
Restraints
- Skin irritation risks
- High production costs
- Regulatory hurdles
- Market competition
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Limited raw material sources: The Global Glycolic Acid Market is experiencing growth driven by its wide application across various industries, including cosmetics, pharmaceuticals, and industrial cleaning. Glycolic acid, a type of alpha-hydroxy acid (AHA), is extensively used in skincare products due to its exfoliating properties, which help in improving skin texture and reducing signs of aging. The rising demand for glycolic acid-based cosmetic products, particularly in the anti-aging segment, is fueling market expansion. Additionally, glycolic acid finds applications in the pharmaceutical industry for its role in treating acne and in industrial cleaning products for its effectiveness in removing stains and residues.
The market faces challenges due to limited raw material sources. Glycolic acid is primarily derived from sugarcane and other natural sources, and fluctuations in the availability and price of these raw materials can impact production costs and supply stability. Furthermore, the industry is under pressure to adopt sustainable and environmentally friendly practices, which adds complexity to sourcing and production processes. These factors contribute to market volatility and can influence the overall growth trajectory of the glycolic acid market.
Opportunities
- Emerging markets growth
- Innovation in formulations
- Sustainable production methods
- Expanding beauty trends
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New application areas: The Global Glycolic Acid Market is expanding beyond its traditional use in skincare and cosmetics into several new application areas. One significant growth sector is in the textile industry, where glycolic acid is increasingly utilized for fabric treatments and dyeing processes. Its ability to improve fabric properties, such as softness and color retention, has made it a valuable component in textile manufacturing. Additionally, glycolic acid's role in developing advanced water treatment solutions is gaining traction. Its effectiveness in breaking down organic pollutants and improving water purification processes is being leveraged to address environmental concerns and enhance sustainability.
In the pharmaceutical and medical fields, glycolic acid is finding new applications due to its potential in regenerative medicine. Its use in controlled-release drug delivery systems and tissue engineering is being explored, given its ability to influence cellular growth and improve healing processes. Moreover, its incorporation into various medical devices and therapeutic treatments highlights its versatility and growing importance in these sectors. As these new applications continue to develop, the glycolic acid market is expected to experience significant growth, driven by advancements in technology and increasing demand across diverse industries.
Competitive Landscape Analysis
Key players in Global Glycolic Acid Market include:
- 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
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Grade
- Market Snapshot, By Purity
- Market Snapshot, By Source
- Market Snapshot, By Application
- Market Snapshot, By Region
- Glycolic Acid Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Skincare product demand
- Anti-aging benefits
- Chemical peels popularity
- Industrial applications growth
- Regulatory support
- Restraints
- Skin irritation risks
- High production costs
- Regulatory hurdles
- Market competition
- Limited raw material sources
- Opportunities
- Emerging markets growth
- Innovation in formulations
- Sustainable production methods
- Expanding beauty trends
- New application areas
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Glycolic Acid Market, By Grade, 2021 - 2031 (USD Million)
- Cosmetic Grade
- Technical Grade
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Glycolic Acid Market, By Purity, 2021 - 2031 (USD Million)
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99%
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70%
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60%
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30%
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Glycolic Acid Market, By Source, 2021 - 2031 (USD Million)
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Synthetic
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Natural
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- Glycolic Acid Market, By Application, 2021 - 2031 (USD Million)
- Personal Care & Dermatology
- Industrial
- Household
- Others
- Tanning & Dyeing
- Agriculture
- Adhesive
- Medical & Food
- Glycolic Acid Market, By Geography,2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Glycolic Acid Market, By Grade, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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
- Company Profiles
- Analyst Views
- Future Outlook of the Market