Glycolic acid market size projected to reach USD 648.9M by 2032
This growth is primarily driven by advancements in anti-ageing skincare technology, as glycolic acid continues to play a vital role in cosmetic and dermatological applications.
GLOBAL – The global glycolic acid market was valued at USD 349.07 million in 2024, and it is projected to reach USD 648.92 million by 2032, growing at a compound annual growth rate (CAGR) of 8.06%, according to a report released by SNS Insider.
The growth is driven by rising demand for biodegradable ingredients and the increasing popularity of chemical exfoliants in anti-ageing skincare products.
Mainly used in chemical exfoliants, glycolic acid is a key ingredient in serums, toners, and facial cleansers, helping to remove dead skin cells and improve skin texture.
It is also found in anti-ageing creams and acne treatments, where its ability to boost collagen production and unclog pores makes it effective for reducing fine lines and breakouts.
Regulatory approvals, including those from the U.S. FDA, have further strengthened its presence in personal care products, while major industry players such as The Chemours Company and BASF continue to invest in capacity expansions and new product launches.
Consumer preferences are shifting toward eco-friendly formulations, leading to a transition to sugarcane-derived glycolic acid, which aligns with the growing demand for natural skincare solutions.
The U.S. market, valued at USD 67.16 million in 2023, is expected to reach USD 137.85 million by 2032, reflecting strong domestic consumption and advancements in cosmetic formulations.
In 2024, Asia Pacific led the global glycolic acid market, holding a 39% share, driven by booming cosmetics and personal care industries, rising disposable income, and strong demand in China, India, and South Korea, alongside cost-effective production and increased R&D investments.
Recently, Brenntag partnered with USA-based PureTech Scientific LLC, to expand the distribution of ultra-high-purity glycolic acid across the U.S., Canada, and Mexico.
This agreement enables Brenntag to deliver innovative formulation solutions with Glypure cosmetic-grade glycolic acid to North American personal care customers.
PureTech Scientific utilizes a state-of-the-art manufacturing process to produce premium glycolic acid solutions, ensuring exceptional purity, consistency, and quality in a wide range of personal care products, including dermatological peels, toners, and hair styling solutions.
PureTech’s proprietary process achieves 100% atom economy and eliminates hazardous solvents, producing readily biodegradable glycolic acid with the lowest environmental impact.
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