B.

Current Market and Demand

Glycolic Acid Market: Drivers and Restraints

In last few years, an increase in the production & consumption of glycolic acid for
numerous application has been witnessed and a similar roadmap and trend is expected
to follow in the coming years. The main reason implicit behind the increase in sales and
consumption of glycolic acid is increase in demand for skincare and hair care cosmetic
products based on glycolic acid due which is driven by the increasing awareness about
healthy skin and hair. Likewise the positive attributes like high solubility in water and
highly acidic nature makes glycolic acid as the material for choice for the formulation
and synthesis of creams and ointments which is used for the treatment of scars and
wrinkles. Moreover the increase in adoption of the glycolic acid in emulsion polymer and
in the formulation of additives which further used finds application in paints and ink
industry also fuel the demand of glycolic acid. Other factors like improvement in
healthcare standards in different growing and emerging economies will further propel
the demand for glycolic acid. However, rise in awareness amongst the people about the
ill effects of the usage of glyclolic acid leading to skin allergies will somehow dent the
growth of glycolic acid globally. Also stringent regulations by the European government
imposed on the manufacturers regarding the capping in the usage of glycolic acid in
pharmaceutical formulation is acting as an adoption barrier over the forecasted period

Glycolic Acid Market: Segmentation

On the basis of Grade, the Glycolic Acid Market can be segmented as:

 Technical Grade

 Pharmaceutical Grade

 Industrial Grade
On the basis of Application, the Glycolic Acid Market can be segmented as:

 Personal Care & Cosmetics

 Household

 Textile

 Industrial Cleaners

 Agriculture

 Others