United States Glycolic Acid Market

Market Overview:

United States glycolic acid market size is projected to exhibit a growth rate (CAGR) of 8.90% during 2024-2032. The growing use of various skincare products, such as cleansers, toners, serums, and chemical peels, increasing need to address issues like uneven skin tone, fine lines, and acne, and rising preferences for natural and organic skincare products represent some of the key factors driving the market.

Glycolic acid is a natural organic compound and a type of alpha-hydroxy acid (AHA) derived from sugarcane. It is known for its exfoliating properties and can promote smoother and more radiant skin. It can stimulate collagen production, thereby maintaining elasticity and firmness of skin. It helps unclog pores and prevent the formation of whiteheads and blackheads. It removes the top layer of dead skin cells and can help reduce the appearance of dark spots, sun damage, and hyperpigmentation. It contributes to overall skin health and resilience by promoting cell turnover and maintaining a healthier skin barrier. It assists in preventing new acne breakouts by keeping the skin exfoliated and clean. It also aids in enhancing the absorption and effectiveness of skincare products by removing the barrier of dead skin cells. Besides this, it is beneficial in fading post-inflammatory hyperpigmentation (PIH) and acne scars over time. As it can enable easier and flawless makeup application, the demand for glycolic acid is rising in the United States.

United States Glycolic Acid Market Trends:

Presently, the rising use of glycolic acid in various skincare products, such as cleansers, toners, serums, and chemical peels, represents one of the major factors influencing the market positively in the United States. Additionally, the increasing adoption of glycolic acid to remove dead skin cells is propelling the growth of the market in the country. Apart from this, there is a rise in the demand for natural and organic skincare products among people. This, coupled with the growing utilization of glycolic acid, as it aids in repairing sun-damaged skin, is offering a positive market outlook in the country. Moreover, the increasing employment of glycolic acid, as it can be effective in treating keratosis pilaris, which is a common skin condition characterized by rough and small bumps on the skin, is bolstering the growth of the market. In line with this, the wide availability of glycolic acid-based skincare products via online and offline distribution channels in the US is strengthening the market growth. Furthermore, the rising use of glycolic acid, as it addresses common issues like uneven skin tone, fine lines, and acne, is providing lucrative growth opportunities to industry investors. In addition, the increasing number of salons, spa centers, or beauty parlors in the country is contributing to the market growth. The escalating demand for glycolic acid on account of the rising social media influence on people is also impelling the market growth in the US.   

United States Glycolic Acid Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on source, purity level, and application.

Source Insights:

• Synthetic 
• Natural
   

The report has provided a detailed breakup and analysis of the market based on the source. This includes synthetic and natural.

Purity Level Insights:

• 99% Purity
• 70% Purity
• 60% Purity
• 30% Purity
• Others
   

A detailed breakup and analysis of the market based on the purity level have also been provided in the report. This includes 99% purity, 70% purity, 60% purity, 30% purity, and others.

Application Insights:

• Personal Care and Cosmetics
• Household
• Textile
• Food Processing
• Pharmaceuticals
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes personal care and cosmetics, household, textile, food processing, pharmaceuticals, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Glycolic Acid Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States glycolic acid market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States glycolic acid market?
• What is the breakup of the United States glycolic acid market on the basis of source?
• What is the breakup of the United States glycolic acid market on the basis of purity level?
• What is the breakup of the United States glycolic acid market on the basis of application?
• What are the various stages in the value chain of the United States glycolic acid market? 
• What are the key driving factors and challenges in the United States glycolic acid?
• What is the structure of the United States glycolic acid market and who are the key players?
• What is the degree of competition in the United States glycolic acid market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States glycolic acid market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States glycolic acid market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States glycolic acid industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.