Glycolic Acid Market Size, Drivers Analysis, Trends, Insights, Forecast till 2034
The global glycolic acid market is anticipated to reach US$ 576.2 million in 2024 and grow at a CAGR of 7% through 2034, according to recent analysis by Fact.MR, with projections placing the market at US$ 1.13 billion by 2034. Rising demand for glycolic acid-based skin and hair care products is expected to drive this growth, as the compound is widely used in emulsion polymers, ink, and paint additives. Naturally found in sources like beets, pineapples, and unripe grapes, glycolic acid is gaining attention due to its role in formaldehyde production and advancements in manufacturing. The growing focus on skincare has increased demand for products offering exfoliation and rejuvenation benefits. Known for promoting cell turnover and enhancing skin texture, glycolic acid is now a preferred ingredient in facial cleansers, toners, serums, and peels. As consumers seek solutions for aging, hyperpigmentation, and acne, the demand for glycolic acid-based products is projected to continue ri...