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¼¼°èÀÇ ±Û¸®ÄÝ»ê ½ÃÀå ¿¹Ãø(-2030³â)Global Glycolic Acid Market Forecast to 2030 |
ÀÌ º¸°í¼´Â ¼¼°è ±Û¸®ÄÝ»ê(Polyglycolic Acid) ½ÃÀåÀ» Á¶»ç ºÐ¼®ÇÏ¿© ½ÃÀå ¿ªÇÐ, Áö¿ª ¹× ºÎ¹® ºÐ¼®, ±â¾÷ ÇÁ·ÎÆÄÀÏ µîÀ» Á¦°øÇÕ´Ï´Ù.
Hydroacetic acid, also known as C2H4O3, is used in many activities, such as tanning and dyeing, flavoring and preserving food and beverages, producing textiles, and creating anti-aging cosmetics. Moreover, it is used to make plastics and adhesives. Exfoliation is increasingly being employed in a range of applications due to its advantages, including cell recovery and hydroxyacetic acid, which is predicted to fuel market growth over the course of the projection period. The general expansion of the cosmetics industry has been largely driven by online enterprises, the expansion of social networks, rising per capita disposable income, high-end, and customer interest in novel and distinctive products. Because online cosmetic shopping is becoming more and more common, the majority of manufacturers and producers have been able to establish a substantial sales network, which could speed up the growth of the hydroacoustic acid industry.
Segment Overview
Purity, applications, and geography are the three categories into which the global glycolic acid market has been divided. Includes 30%, 70%, 99%, and other purity levels. The Glycolic Add market may be divided into several categories based on application, including home, personal care & cosmetics, textile, pharmaceutical, food processing, and others. The analysis offers market insights for Europe, North America, Asia-Pacific, and the remainder of the world by area.
The analysis offers market insights for Europe, North America, Asia-Pacific, and the global community by region. Due to the growing textile and cosmetics industries in India and China, Asia Pacific had the highest share in terms of revenue and production in 2019 and is anticipated to hold that position during the projected period. The market in China is driven by evolving lifestyles and a growing population with a preference for beauty and health products. This market is expanding as a result of the increasing demand for hydroxyacetic acid from the expanding cosmetics industry. The increasing demand from the textile sector is expected to lead to significant market expansion in Europe. Excellent quality materials are needed by the region's major fashion industry to create various ensembles. In order to do this, businesses are developing novel products by utilizing cutting-edge technology, which is anticipated to stimulate market growth in the area. The market is anticipated to increase significantly in North America. One of the biggest consumers of hydroxyacetic acid in the United States is the pharmaceutical industry. This substance is used to safely create bio-absorbable suture material. Medical technology development is assisting in the manufacturing of higher grade medical tools that will support market expansion, such as meshes, screws, absorbable staples, and stents.
Companies that are significant players in the glycolic acid market include Teleflex Inc., Huizhou Foryou Medical Devices Co., Ltd. (China), Crosschem LP (U.S.), Eastman Chemical Company (U.S.), Avid Organics (India), Shandong Xinhua Pharmaceutical Co. Ltd. (China), Water Chemical Co. Ltd. (China), CABB Group (Germany), China Petrochemical Corporation (Sinopec Corp) (China), Saanvi Corp. (Japan).
The COVID-19 epidemic has had an impact on the market expansion for glycolic acid. There were supply chain disruptions and less manufacturing activities on the worldwide market. During the pandemic, industry expansion was impeded by the implementation of lockdown around the world and restrictions on travel and transportation. The COVID-19 epidemic had a severe impact on the industry due to the closure of retail locations and a drop in demand for cosmetics. The research provides an overview of the market for glycolic acid in 2020 and analyses the influence of COVID-19 on both a quantitative and qualitative level. Leading Glycolic Acid Companies' Challenges, Current Strategies, Glycolic Acid Market Drivers, Emerging Market Trends, and Potential Opportunities to 2030 are presented. To evaluate the impact of suppliers, substitutes, buyers, the competitive environment, and new entrants on the Glycolic Acid market, the market attractiveness index is also provided. The size of the worldwide Glycolic Acid market is projected under various scenarios, including actual projections and projections that have been impacted by COVID from 2022 to 2030. Also, forecasts for the global industry's earnings and market shares for the various forms, uses, and end-user categories of glycolic acid are made across 18 nations.