The Asia Pacific Glycolic Acid Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 27,467.1 tonnes, showcasing a growth of 6.3% (2019-2022).
The adoption of glycolic acid in the textile industry is driven by its ability to improve dyeing and finishing processes. Textile manufacturers recognize the compound’s chelating properties, which facilitate the removal of impurities from fabrics, resulting in better dye absorption and color retention. The enhanced quality and appearance of textiles treated with glycolic acid contribute to its continued adoption in the textile industry. Industries involved in metal cleaning and oil drilling have adopted glycolic acid for its efficient cleaning properties. The compound’s effectiveness in dissolving mineral deposits and scale on metal surfaces has positioned it as a crucial component in industrial cleaning solutions. As industries prioritize environmentally friendly practices, glycolic acid’s biodegradability and efficacy contribute to its increased adoption in industrial cleaning processes.
It is incorporated into some hair removal products due to its exfoliating properties. It helps reduce ingrown hairs and improves the overall smoothness of the skin after hair removal. It is commonly found in topical acne treatments, such as cleansers, creams, and spot treatments. Its exfoliating action helps unclog pores, prevent the formation of comedones, and reduce the severity of acne lesions. It is used in certain photochemical processes in photography. Some photographic developers harness its ability to act as a reducing agent to process photographic films and prints. In the food industry, it may be used for pH adjustment in certain products. Its ability to act as an acidulant controls and stabilizes the acidity levels in food and beverage formulations.
As per Invest India, the pharmaceutical industry in India is anticipated to increase to $65 billion by 2024 and $130 billion by 2030. One of the largest suppliers of inexpensive vaccines is India. India is a significant exporter of pharmaceuticals, with exports to over 200+ countries. Similarly, as per China.org, in 2021, the combined business revenue of China’s pharmaceutical companies increased by 18.7 percent annually, the greatest growth rate in five years. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Glycolic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $54,784.7 Thousands by 2030. The Japan market is exhibiting a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would experience a CAGR of 7.9% during (2023 - 2030).
Free Valuable Insights: The Global Glycolic Acid Market is Predict to reach $531 Million by 2030, at a CAGR of 6.8%
Based on Grade, the market is segmented into Technical Grade and Cosmetic Grade. Based on Application, the market is segmented into Personal Care & Dermatology, Industrial, Household and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- The Chemours Company
- China Petrochemical Corporation (Sinopec Group)
- Merck KGaA
- Shandong Xinhua Pharmaceuticals Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Siddharth Chlorochem Pvt. Ltd.
- Avid Organics Pvt. Ltd.
- Hebei Chengxin Co., Ltd.
- Sancai Industry Co., Ltd
- Phibro Animal Health Corporation
Asia Pacific Glycolic Acid Market Report Segmentation
By Grade (Volume, Tonnes, USD Million, 2019-2030)
- Technical Grade
- Cosmetic Grade
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Personal Care & Dermatology
- Industrial
- Household
- Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 5 Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 8 Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 9 Asia Pacific Technical Grade Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Technical Grade Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Technical Grade Market by Country, 2019 - 2022, Tonnes
TABLE 12 Asia Pacific Technical Grade Market by Country, 2023 - 2030, Tonnes
TABLE 13 Asia Pacific Cosmetic Grade Market by Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Cosmetic Grade Market by Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Cosmetic Grade Market by Country, 2019 - 2022, Tonnes
TABLE 16 Asia Pacific Cosmetic Grade Market by Country, 2023 - 2030, Tonnes
TABLE 17 Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 20 Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 21 Asia Pacific Personal Care & Dermatology Market by Country, 2019 - 2022, USD Thousands
TABLE 22 Asia Pacific Personal Care & Dermatology Market by Country, 2023 - 2030, USD Thousands
TABLE 23 Asia Pacific Personal Care & Dermatology Market by Country, 2019 - 2022, Tonnes
TABLE 24 Asia Pacific Personal Care & Dermatology Market by Country, 2023 - 2030, Tonnes
TABLE 25 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 26 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Thousands
TABLE 27 Asia Pacific Industrial Market by Country, 2019 - 2022, Tonnes
TABLE 28 Asia Pacific Industrial Market by Country, 2023 - 2030, Tonnes
TABLE 29 Asia Pacific Household Market by Country, 2019 - 2022, USD Thousands
TABLE 30 Asia Pacific Household Market by Country, 2023 - 2030, USD Thousands
TABLE 31 Asia Pacific Household Market by Country, 2019 - 2022, Tonnes
TABLE 32 Asia Pacific Household Market by Country, 2023 - 2030, Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 35 Asia Pacific Others Market by Country, 2019 - 2022, Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2023 - 2030, Tonnes
TABLE 37 Asia Pacific Glycolic Acid Market by Country, 2019 - 2022, USD Thousands
TABLE 38 Asia Pacific Glycolic Acid Market by Country, 2023 - 2030, USD Thousands
TABLE 39 Asia Pacific Glycolic Acid Market by Country, 2019 - 2022, Tonnes
TABLE 40 Asia Pacific Glycolic Acid Market by Country, 2023 - 2030, Tonnes
TABLE 41 China Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 42 China Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 43 China Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 44 China Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 45 China Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 46 China Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 47 China Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 48 China Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 49 China Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 50 China Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 51 China Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 52 China Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 53 Japan Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 54 Japan Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 55 Japan Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 56 Japan Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 57 Japan Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 58 Japan Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 59 Japan Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 60 Japan Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 61 Japan Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 62 Japan Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 63 Japan Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 64 Japan Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 65 India Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 66 India Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 67 India Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 68 India Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 69 India Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 70 India Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 71 India Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 72 India Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 73 India Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 74 India Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 75 India Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 76 India Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 77 South Korea Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 78 South Korea Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 79 South Korea Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 80 South Korea Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 81 South Korea Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 82 South Korea Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 83 South Korea Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 84 South Korea Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 85 South Korea Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 86 South Korea Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 87 South Korea Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 88 South Korea Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 89 Singapore Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 90 Singapore Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 91 Singapore Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 92 Singapore Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 93 Singapore Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 94 Singapore Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 95 Singapore Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 96 Singapore Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 97 Singapore Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 98 Singapore Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 99 Singapore Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 100 Singapore Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 101 Malaysia Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 102 Malaysia Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 103 Malaysia Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 104 Malaysia Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 105 Malaysia Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 106 Malaysia Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 107 Malaysia Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 108 Malaysia Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 109 Malaysia Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 110 Malaysia Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 111 Malaysia Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 112 Malaysia Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 113 Rest of Asia Pacific Glycolic Acid Market, 2019 - 2022, USD Thousands
TABLE 114 Rest of Asia Pacific Glycolic Acid Market, 2023 - 2030, USD Thousands
TABLE 115 Rest of Asia Pacific Glycolic Acid Market, 2019 - 2022, Tonnes
TABLE 116 Rest of Asia Pacific Glycolic Acid Market, 2023 - 2030, Tonnes
TABLE 117 Rest of Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, USD Thousands
TABLE 118 Rest of Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, USD Thousands
TABLE 119 Rest of Asia Pacific Glycolic Acid Market by Grade, 2019 - 2022, Tonnes
TABLE 120 Rest of Asia Pacific Glycolic Acid Market by Grade, 2023 - 2030, Tonnes
TABLE 121 Rest of Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, USD Thousands
TABLE 122 Rest of Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, USD Thousands
TABLE 123 Rest of Asia Pacific Glycolic Acid Market by Application, 2019 - 2022, Tonnes
TABLE 124 Rest of Asia Pacific Glycolic Acid Market by Application, 2023 - 2030, Tonnes
TABLE 125 Key Information – The Chemours Company
TABLE 126 Key Information – China Petrochemical Corporation
TABLE 127 key Information – Merck KGaA
TABLE 128 Key Information – Shandong Xinhua Pharmaceutical Co., Ltd
TABLE 129 Key Information – Hefei TNJ Chemical Industry CO., LTD.
TABLE 130 Key Information – Siddharth Chiorochem Pvt. Ltd.
TABLE 131 Key Information – Avid Organics Pvt. Ltd.
TABLE 132 Key Information –Hebei Chengxin Co., Ltd.
TABLE 133 Key Information – Sancai Industry CO., LTD
TABLE 134 Key Information – Phibro Animal Health Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Glycolic Acid Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Glycolic Acid Market
FIG 4 Porter’s Five Forces Analysis – Glycolic Acid market
FIG 5 Asia Pacific Glycolic Acid Market share by Grade, 2022
FIG 6 Asia Pacific Glycolic Acid Market share by Grade, 2030
FIG 7 Asia Pacific Glycolic Acid Market by Grade, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Glycolic Acid Market share by Application, 2022
FIG 9 Asia Pacific Glycolic Acid Market share by Application, 2030
FIG 10 Asia Pacific Glycolic Acid Market by Application, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Glycolic Acid Market share by Country, 2022
FIG 12 Asia Pacific Glycolic Acid Market share by Country, 2030
FIG 13 Asia Pacific Glycolic Acid Market by Country, 2019 - 2030, USD Thousands
FIG 14 Swot Analysis: The Chemours Company
FIG 15 Swot Analysis: China Petrochemical Corporation
FIG 16 Swot Analysis: Merck KGaA