Glyoxylic Acid Market Research Report- Forecast to 2027

Global Glyoxylic Acid Market - By Derivative (Allantoin, Vanillin, P-Hydroxyphenylglycine, DL-P-Hydroxy Phenylhydantoin, 2-Hydroxyl-Phosphine Acetic Acid, and others), By Application (Personal Care & Cosmetics Ingredients, Pharmaceutical, Aromas, Agrochemicals, and others), and By Region - Forecast Till 2027

ID: MRFR/CnM/2280-CR | July 2017 | Region: Global | 124 pages

Please note that the assessment period of the report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for the updated data and TOC

Market overview


The global glyoxylic acid market is anticipated to reach USD 849.1 Mn in 2023 end from USD 76.7 Mn in 2016. Glyoxylic acid is naturally derived (it’s an organic compound.) It’s valuable because it serves as a catalyst in many chemical reactions. These are reactions that industries use to make various everyday products and goods. 


 


Glyoxylic acid can be further broken down. It produces the following compounds: 


allantoin, vanillin, among others. Many industries that make bikes and other useful products rely on the ways in which these compounds speed up naturally occurring chemical reactions. These compounds can also cause chemical reactions that are not natural to occur. This is invaluable since it would be impossible to make many products that we rely upon without these chemical reactions.


 


COVID-19 analysis


 


COVID-19 became a problem around the world in March of 2020. When it appeared, it seemed to be a nuisance virus at first, which people could easily recover from. However, as the months progressed, it became obvious that it was a dangerous disease with (rarely) deadly outcomes. Governments around the world sought to stop the spread of the virus by imposing temporary quarantines and indefinite lockdowns.


 


Many industries were adversely affected by the economic slowdown, and the glyoxylic acid market was no exception. Manufacturers found that the raw materials needed to make this natural compound were in short supply. Since they were forced to pay higher prices for raw materials, they found that their manufacturing costs increased dramatically. They were forced to pass the cost increase onto the end consumer in the form of higher prices. This lead to a temporary slump in glyoxylic acid sales.


 


Market dynamics


 


Drivers


Many more manufacturers are responding to the increased demand for some of the derivatives of glyoxylic acid. They are producing these derivatives in bulk since it’s lucrative to do so. One such derivative is allantoin. This is a key driver of growth in the global glyoxylic acid market. 


 


However, there are other key drivers as well. One is the fact that people around the world desire to consume healthier foods that last longer and don’t contain as many man-made preservatives. This is forcing food manufacturers to seek out natural (organic) substitutes. This is the reason why the demand for vanillin is skyrocketing. This is a natural and safe preservative that keeps foods fresher for longer!


 


Opportunities


 


There is increased demand for personal care products. This is leading to an increased demand for allantoin since this compound is used in the manufacture and preservation of many lotions and other personal care products. Allantoin plays a key role as a keratolytic ingredient in this market. Allantoin has the highest market share of all of the glyoxylic acid compounds. 


 


Vanillin is used as a major preservative for many foods. It also helps enhance their natural odors. Since people want to eat more natural foods, demand for this compound is set to skyrocket. The increased demand for this compound is encouraging manufacturers to engage in research and development to come up with more innovative compounds that will have applications that reach far beyond existing applications. Manufacturers also want to enter new markets with these applications.


 


Personal care and pharma present a major opportunity for the global glyoxylic acid market. Women around the world want more natural cosmetics. The same is true for people and the pharma industry. In fact, they’re willing to pay a premium for these products. This is encouraging manufacturers to experiment to find new and innovative applications that will help them enter into new markets.


 


Restraints


 


COVID-19 has pushed the prices of glyoxylic acid and its compounds up. This will hold back sales at least temporarily.


 


Challenges


 


Manufacturers may face roadblocks in terms of trying to find innovative new applications for these compounds through extensive research and development.


 


Cumulative growth analysis


 


The glyoxylic acid market is expected to have a CAGR of 5.27% until the end of 2023. It’s expected to be worth the US $849.1 million by then.


 


Technology analysis


 


Stan Chemicals is a Chinese multinational. It’s a major player in the glyoxylic acid market. The results have been the creation of a new generation of more effective acrylic products. These have innovative applications in a wide variety of industries. They are great for waterproofing and varnishing buildings. They also provide an extra layer of protection for these buildings. 


 


They are strong, long-lasting, and provide an extra layer of insulation in the buildings that they are used in.


 


Segment overview


 


By derivatives


 


The glyoxylic acid market is segmented into the following derivatives: vanillin, P-hydroxy-phenylglycine, DL-p-hydroxy, allantoin, and 2-hydroxyl-phosphine acetic acid. These are just some of the compounds that belong to the derivatives category.


 


By Application


 


The glyoxylic acid market can be broken down into the following based on application: personal care, cosmetic ingredients, pharma, aromas, and agrochemicals. These are just some of the applications that the glyoxylic acid compounds can be used for.


 


By Region


 


The glyoxylic acid market is separated into the following regions: Asia-Pacific, North America, Middle East, and North Africa, the European Union, and Latin America. The Asia-Pacific region uses these compounds the most intensively in manufacturing operations and processes. This is especially true in China since it’s a global manufacturing hub. Maybe this is why all of the major glyoxylic acid manufacturers are Chinese.


 


Some major Chinese players include Industry Co and Haihang Industry, Co, LTD. Akema Fine Chemicals is an Italian company. However, it does have a significant presence in China. Approximately 45% of all glyoxylic acid is made in China. The Chinese are expected to retain this dominant market share until at least the end of 2023.


 


The North American region manufactures and uses glyoxylic acid and its compounds, but not as intensively as China or the Asia-Pacific region. The reason why North America is a key player in this market even though consumption is a bit lower in this region is that this is where the middle classes with good purchasing power are in large numbers and concentration. It’s also because consumers in this region are very health and environmentally conscious. Therefore, they are willing to pay a premium for goods that they know were made with natural materials and under manufacturing conditions that are safe for the environment.


 


The European Union has the third-largest consumption of glyoxylic acid and its compounds of all global regions. The European Union has a large middle class (though not as strong and numerous as the ones in North America are.) This middle class in Europe has strong purchasing power. Also, these middle classes and the European masses are very health and environmentally conscious. Like their North American counterparts, they’re willing to pay a premium for products that they know are healthy and were made in conditions that respect the environment.


 


Competitive landscape


 


The global glyoxylic acid market remains very competitive. One reason is that there are substantially lower barriers to entry. Another key reason is that the Chinese dominate the market both in terms of production and consumption. They are very jealous of the market and therefore are loath to let newcomers enter into the market easily.


 


Companies are finding that they have to invest heavily in research and development to come up with a new generation of technologically advanced and innovative products. They also have to make sure that these products and compounds don’t affect human or animal health and are friendly to the environment. Companies are also entering into strategic partnerships. The intention is to enter into newer markets faster and easier. But these companies find that strategic partnerships help them keep their market share in existing markets easier. They find the same is true with mergers and acquisitions.


 


Stan Chemicals is one company that has found that investing heavily in research and development has its own advantages. For example, they are able to develop a new generation of more innovative and effective compounds that are more technologically advanced. This is allowing them to find innovative and useful applications for these compounds in a wider range of industries. The end consumer is satisfied as a result. 


 


List of Companies


 


● Akema Fine Chemicals - Italy 


● Hubei Hongyuan Pharmaceutical Technology Co. Ltd - China


● Stan Chemicals - China


● WeylChem International Gmbh - China 


● Zhonglan Industry Co - China


● Haihang Industry Co. Ltd - China


● Zhonghua Chemical - China


 


Recent developments


 


Stan Chemicals comes up with reactor 4


 


Report overview


 


The global glyoxylic acid market is growing at a CAGR of 5.27%. The Chinese dominate the industry. The compounds are increasingly used in personal care, cosmetics, and food products because they don’t affect human and animal health adversely. They are also safe for the environment.



Frequently Asked Questions (FAQ) :


Glyoxylic acid (oxo-acetic acid) is an organic compound used as a chemical intermediate across the industries. Personal care & cosmetics ingredients, aromas, pharmaceutical, and agrochemicals, are the major applications of glyoxylic acid.

The valuation of the global glyoxylic acid market is anticipated to escalate to USD 849.1 MN by 2023 from USD 76.7 MN in 2016.

The global glyoxylic acid market is estimated to expand at 5.27% CAGR over the forecast period (2017-2023).

Asia Pacific holds the largest share in the global glyoxylic acid market, followed by North America and Europe, respectively.

Hubei Hongyuan Pharmaceutical Technology Co. Ltd, Akema Fine Chemicals, Stan Chemicals, Zhonglan Industry Co., WeylChem International GmbH, Zhonghua Chemical, and Haihang Industry Co. Ltd., are some of the major players operating in the glyoxylic acid market.

1 Report Prologue


2 Introduction


2.1 Definition 11


2.2 Scope Of The Study 11


2.3 Research Objective 11


2.4 Assumptions & Limitations 12


2.4.1 Assumptions 12


2.4.2 Limitations 12


2.5 Market Structure 12


3 Research Methodology


3.1 Research Process 13


3.2 Primary Research 14


3.3 Secondary Research 15


3.4 Forecast Model 16


4 Market Dynamics


4.1 Introduction 17


4.2 Drivers 18


4.2.1 Growth In Personal Care Products With Rising Awareness Regarding Skin And Hair Care Has Augment The Market Demand. 18


4.2.2 Increasing Affinity Towards Skin Lightning And Rising Demand Of Anti-Aging Products Among Youth Population To Augment Skincare Ingredients Market. 19


4.2.3 Upsurge In Household Cleaning Segment Is Expected To Propel The Demand Of Glycolic Acid. 20


4.3 Restraints 20


4.3.1 Stringent Regulation By Limiting The Concentration Of Glycolic Acid In Personal Care Products Hamper The Market Growth. 20


4.3.2 Availability Of Substitute Products May Hinder The Market Growth. 21


4.4 Trends & Opportunities 21


4.4.1 Naturally Occurring Glycolic Acid Has Surpassed The Production Of Synthetically Produced Glycolic Acid. 21


5 Market Factor Analysis


5.1 Supply Chain Analysis 22


5.1.1 Raw Material 22


5.1.2 Glycolic Acid Producers 22


5.1.3 Glycolic Acid Distributor 22


5.1.4 End-User 23


5.2 Porters 5 Forces Analysis 23


5.2.1 Threat Of New Entrants 23


5.2.2 Threat Of Rivalry 24


5.2.3 Threat Of Substitute 24


5.2.4 Bargaining Power Of Supplier 24


5.2.5 Bargaining Power Of Buyer 24


6 Global Glycolic Acid Market, By Source


6.1 Introduction 25


7 Global Glycolic Acid Market, By Application


7.1 Introduction 30


8 Global Glycolic Acid Market, By Region


8.1 Introduction 38


8.2 Europe 48


8.3 Asia-Pacific 61


8.4 Middle East & Africa 77


9 Competitive Landscape


9.1 Introduction 82


10 Company Profile


10.1 The Chemours Company 84


10.1.1 Overview 84


10.1.2 Product Overview 84


10.1.3 Financial Updates 84


10.1.4 Key Developments 86


10.2 Phibro Chem 87


10.2.1 Overview 87


10.2.2 Product/Business Segment Overview 87


10.2.3 Financial Updates 87


10.2.4 Key Developments 87


10.3 CrossChem LP 88


10.3.1 Company Overview 88


10.3.2 Product/Business Segment Overview 88


10.3.3 Financial Updates 88


10.3.4 Key Developments 88


10.4 CABB Group 89


10.4.1 Company Overview 89


10.4.2 Product/Business Segment Overview 89


10.4.3 Financial Updates 89


10.4.4 Key Developments 89


10.5 Sigma-Aldrich Corporation 90


10.5.1 Company Overview 90


10.5.2 Product/Business Segment Overview 90


10.5.3 Financial Updates 90


10.5.4 Key Developments 90


10.6 Zhonglan Industry Co 91


10.6.1 Company Overview 91


10.6.2 Product/Business Segment Overview 91


10.6.3 Financial Updates 91


10.6.4 Key Developments 91


10.7 Mehul Dye Chem Industries 92


10.7.1 Company Overview 92


10.7.2 Product/Business Segment Overview 92


10.7.3 Financial Updates 92


10.7.4 Key Developments 92


10.8 DuPont 93


10.8.1 Company Overview 93


10.8.2 Product/Business Segment Overview 93


10.8.3 Financial Update 93


10.8.4 Key Developments 94


11 Conclusion




12 List Of Tables


TABLE 1 IMPACT ANALYSIS: DRIVERS 18


TABLE 2 IMPACT ANALYSIS: RESTRAINTS 20


TABLE 3 GLOBAL GLYCOLIC ACID MARKET FOR SOURCE, BY REGION (2020-2027) (USD MILLION) 25


TABLE 4 GLOBAL GLYCOLIC ACID MARKET FOR SOURCE, BY REGION (2020-2027) (000’MT) 26


TABLE 5 GLOBAL GLYCOLIC ACID MARKET BY SOURCE, (2020-2027) (USD MILLION) 26


TABLE 6 GLOBAL GLYCOLIC ACID MARKET BY SOURCE, (2020-2027) (000’MT) 27


TABLE 7 GLOBAL GLYCOLIC ACID MARKET FOR SYNTHETIC , BY REGION (2020-2027) (USD MILLION) 27


TABLE 8 GLOBAL GLYCOLIC ACID MARKET FOR SYNTHETIC , BY REGION (2020-2027) (000’MT) 28


TABLE 9 GLOBAL GLYCOLIC ACID MARKET FOR NATURAL , BY REGION (2020-2027) (USD MILLION) 28


TABLE 10 GLOBAL GLYCOLIC ACID MARKET FOR NATURAL, BY REGION (2020-2027) (000’MT) 29


TABLE 11 GLOBAL GLYCOLIC ACID MARKET FOR APPLICATION, BY REGION (2020-2027) (USD MILLION) 30


TABLE 12 GLOBAL GLYCOLIC ACID MARKET FOR APPLICATION, BY REGION (2020-2027) (000’MT) 31


TABLE 13 GLOBAL GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (USD MILLION) 31


TABLE 14 GLOBAL GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 32


TABLE 15 GLOBAL PERSONAL CARE MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (USD MILLION) 32


TABLE 16 GLOBAL PERSONAL CARE MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (000’MT) 33


TABLE 17 GLOBAL TEXTILE DYEING & FINISHING MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (USD MILLION) 33


TABLE 18 GLOBAL TEXTILE DYEING & FINISHING MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (000’MT) 34


TABLE 19 GLOBAL OIL FIELD MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (USD MILLION) 34


TABLE 20 GLOBAL OIL FIELD MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (000’MT) 35


TABLE 21 GLOBAL PETROLEUM REFINING MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (USD MILLION) 35


TABLE 22 GLOBAL PETROLEUM REFINING MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (000’MT) 36


TABLE 23 GLOBAL OTHERS MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (USD MILLION) 36


TABLE 24 GLOBAL OTHERS MARKET FOR GLYCOLIC ACID, BY REGION (2020-2027) (000’MT) 37


TABLE 25 GLOBAL GLYCOLIC ACID MARKET BY REGION (2020-2027) (MILLION) 38


TABLE 26 GLOBAL GLYCOLIC ACID MARKET BY REGION (2020-2027) (000’MT) 39


TABLE 27 GLOBAL GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 39


TABLE 28 GLOBAL GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 40


TABLE 29 GLOBAL GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 40


TABLE 30 GLOBAL GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 41


TABLE 31 NORTH AMERICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (MILLION) 41


TABLE 32 NORTH AMERICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (000’MT) 42


TABLE 33 NORTH AMERICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 42


TABLE 34 NORTH AMERICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 43


TABLE 35 NORTH AMERICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 43


TABLE 36 NORTH AMERICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 44


TABLE 37 USA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 44


TABLE 38 USA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 45


TABLE 39 USA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 45


TABLE 40 USA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 46


TABLE 41 CANADA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 46


TABLE 42 CANADA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 47


TABLE 43 CANADA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 47


TABLE 44 CANADA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 48


TABLE 45 EUROPE GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (MILLION) 48


TABLE 46 EUROPE GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (000’MT) 49


TABLE 47 EUROPE GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 49


TABLE 48 EUROPE GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 50


TABLE 49 EUROPE GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 50


TABLE 50 EUROPE GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 51


TABLE 51 GERMNAY GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 51


TABLE 52 GERMNAY GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 52


TABLE 53 GERMNAY GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 52


TABLE 54 GERMNAY GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 53


TABLE 55 UK GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 53


TABLE 56 UK GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 54


TABLE 57 UK GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 54


TABLE 58 UK GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 55


TABLE 59 FRANCE GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 55


TABLE 60 FRANCE GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 56


TABLE 61 FRANCE GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 56


TABLE 62 FRANCE GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 57


TABLE 63 SPAIN GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 57


TABLE 64 SPAIN GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 58


TABLE 65 SPAIN GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 58


TABLE 66 SPAIN GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 59


TABLE 67 ITALY GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 59


TABLE 68 ITALY GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 60


TABLE 69 ITALY GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 60


TABLE 70 ITALY GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 61


TABLE 71 ASIA-PACIFIC GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (MILLION) 61


TABLE 72 ASIA-PACIFIC GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (000’MT) 62


TABLE 73 ASIA-PACIFIC GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 62


TABLE 74 ASIA-PACIFIC GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 63


TABLE 75 ASIA-PACIFIC GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 63


TABLE 76 ASIA-PACIFIC GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 64


TABLE 77 CHINA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 64


TABLE 78 CHINA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 65


TABLE 79 CHINA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 65


TABLE 80 CHINA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 66


TABLE 81 JAPAN GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION)\ 66


TABLE 82 JAPAN GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 67


TABLE 83 JAPAN GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 67


TABLE 84 JAPAN GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 68


TABLE 85 INDIA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 68


TABLE 86 INDIA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 69


TABLE 87 INDIA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 69


TABLE 88 INDIA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 70


TABLE 89 AUSTRALIA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 70


TABLE 90 AUSTRALIA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 71


TABLE 91 AUSTRALIA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 71


TABLE 92 AUSTRALIA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 72


TABLE 93 NEWZELAND GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 72


TABLE 94 NEWZELAND GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 73


TABLE 95 NEWZELAND GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 73


TABLE 96 NEWZELAND GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 74


TABLE 97 REST OF ASIA PACIFIC GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 74


TABLE 98 REST OF ASIA PACIFIC GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 75


TABLE 99 REST OF ASIA PACIFIC GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 75


TABLE 100 REST OF ASIA PACIFIC GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 76


TABLE 101 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (MILLION) 77


TABLE 102 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (000’MT) 77


TABLE 103 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 77


TABLE 104 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 78


TABLE 105 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 78


TABLE 106 MIDDLE EAST & AFRICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 79


TABLE 107 LATIN AMERICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (MILLION) 79


TABLE 108 LATIN AMERICA GLYCOLIC ACID MARKET BY COUNTRY (2020-2027) (000’MT) 79


TABLE 109 LATIN AMERICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (MILLION) 80


TABLE 110 LATIN AMERICA GLYCOLIC ACID MARKET, BY SOURCE (2020-2027) (000’MT) 80


TABLE 111 LATIN AMERICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (MILLION) 81


TABLE 112 LATIN AMERICA GLYCOLIC ACID MARKET, BY APPLICATION (2020-2027) (000’MT) 81


TABLE 113 GLOBAL GLYCOLIC ACID MARKET PRICING & FORECAST (USD/THOUSAND TONS) (2020–2027) 83



13 List Of Figures


FIGURE 1 RESRARCH PROCESS OF MRFR 13


FIGURE 2 PRIMARY DATA ANALYSIS APPROACH 14


FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 15


FIGURE 4 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND TRENDS OF GLOBAL GLYCOLIC ACID MARKET 17


FIGURE 5 GLOBAL SALES BY CATEGORY (2020) (USD MILLION) 19


FIGURE 6 SUPPLY CHAIN ANALYSIS 22


FIGURE 7 GLOBAL GLYCOLIC ACID MARKET PRICING & FORECAST (USD/THOUSAND TONS) (2020–2027) 82


FIGURE 8 DUPONT: FINANCIAL UPDATES 93