Global Glycolic Acid Market
Glycolic acid is an alpha-hydroxy acid (AHA), which is colorless, odorless, and highly soluble in alcohol. It is also derived from fruit and milk sugars. It is synthesized from ethylene glycol-oxidizing microorganisms. Glycolic acid contains a keratolytic, germinative layer and produces a fibroblast stimulating action. Its chemical formula is C2H4O3.
Glycolic acid can be formed in various ways. The common approach used is the catalyzed reaction of formaldehyde with synthesis gas to produce glycolic acid, and this method is a low-cost process. It is also formed by the reaction of chloroacetic acid with sodium hydroxide, followed by re-acidification. It is also extracted from natural sources, such as sugarcane, sugar beets, pineapple, cantaloupe, and unripe grapes.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Development of new applications to manufacture shampoo for companion animals. 0Major vendors have increased their research and development activities to explore new applications. One such application is the formulation of shampoo for companion animals. Glycolic acid is used in the formulation of shampoo for companion animals, such as dogs, cats, and horses. It offers moisture and restores dry and damaged skin cells, supports natural skin barrier, helps in reducing scales and crusts, and relieves itching and irritation of the skin.”
According to the report, one of the major drivers for this market is Growing demand from cosmetics industry. Glycolic acid is largely used in personal care and cosmetics. It is used as an ingredient in major products such as skin care, nail care, hair care, and men’s care products. Increase in demand from these applications is generating huge demand for glycolic acid in the personal care segment.