LONDON--(BUSINESS WIRE)--Technavio has been monitoring the glycolic acid market and it is poised to grow by USD 194.72 million during 2020-2024, progressing at a CAGR of 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- At what CAGR is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 12%, the market growth will accelerate during the forecast period of 2020-2024.
- What is the key factor driving the market?
- Demand from polyglycolic acid industry is one of the key factors driving market growth.
- Who are the top players in the market?
- CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., Velocity Chemicals Ltd., and Zhonglan Industry Co. Ltd. are some of the major market participants.
- Which region is expected to hold the highest market share in the market?
- Europe
- What is the major trend of the market?
- Increasing use of microdermabrasion is a major growth factor for the market.
- What is the year-over-year growth rate of the global market?
- The year-over year growth rate for 2020 is estimated at 10.89%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., Velocity Chemicals Ltd., and Zhonglan Industry Co. Ltd. are some of the major market participants. The demand from polyglycolic acid industry will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Glycolic Acid Market 2020-2024: Segmentation
Glycolic Acid Market is segmented as below:
-
Application
- Personal Care and Cosmetics
- Household Cleaner
- Industrial
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Glycolic Acid Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our glycolic acid market report covers the following areas:
- Glycolic Acid Market size
- Glycolic Acid Market trends
- Glycolic Acid Market analysis
This study identifies increasing use of microdermabrasion as one of the prime reasons driving the glycolic acid market growth during the next few years.
Glycolic Acid Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the glycolic acid market, including some of the vendors such as CABB Group GmbH, China Petrochemical Corp., Crosschem LP, Kureha Corp., Merck KGaA, Phibro Animal Health Corp., Saanvi Corp., The Chemours Co., Velocity Chemicals Ltd., and Zhonglan Industry Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the glycolic acid market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Glycolic Acid Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist glycolic acid market growth during the next five years
- Estimation of the glycolic acid market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the glycolic acid market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of glycolic acid market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Personal care and cosmetics - Market size and forecast 2019-2024
- Household cleaners - Market size and forecast 2019-2024
- Industrial - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- CABB Group GmbH
- China Petrochemical Corp.
- Crosschem LP
- Kureha Corp.
- Merck KGaA
- Phibro Animal Health Corp.
- Saanvi Corp.
- The Chemours Co.
- Velocity Chemicals Ltd.
- Zhonglan Industry Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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