Glycolic Acid Market Is At Boom In The US And Canada Market

During 2020-2024 glycolic acid market size will grow by USD 194.72 at a CAGR of almost 12%.

Europe will provide significant growth opportunities to vendors. During the forecast period the region will account for 32% of the market’s growth.

Market Overview

Growth in the market will be driven by factors such as the demand from polyglycolic acid industry. The increasing use of microdermabrasion will also have a significant influence on the growth of the glycolic acid market during the forecast period.

Though the market will offer several growth opportunities, factors such as will also challenge the growth of the market participants.

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CABB Group GmbH, China Petrochemical Corp., Crosschem LP, and Kureha Corp. are some of the key glycolic acid market vendors.

The report provides an analysis of the market’s competitive landscape, the strategies adopted by companies to increase their market share, and the key products or services they provide. The report also analyzes the market based on segmentations such as Application (Personal care and cosmetics, household cleaner, industrial, and others) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). To improve their market positions, the vendors should focus more on the fast-growing segments.