Glycolic Acid Market 2030: Trends Driving Demand in Personal Care
Glycolic Acid Market Growth & Trends The global glycolic acid market size is expected to reach USD 565.2 million by 2030, registering a CAGR of 9.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing use of the product in various applications including personal care and household is expected to drive demand. The product is extensively used in the manufacturing of cleaning agent formulations as well as skin care creams, thus promoting its growth. The personal care segment dominated the of glycolic acid market by capturing 61.1% of market share in 2023 driven by increasing use of the product in cosmeceutical preparations such as skin creams, lotions for treatment of blackheads, acne face lines and the treatment of oiliness. In addition, the demand for glycolic acid based skin peels for face cleansing is expected to bolster the demand over the forecast period. Gather more insights about the market drivers, restrains and growth of the Glycolic...