The global Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) market was valued at 142.56 Million USD in 2021 and will grow with a CAGR of 7.34% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Hydroxyacetic acid is the smallest α-hydroxy acid with chemical formula of C2H4O3. It is colorless, odorless, and hygroscopic crystalline solid and is soluble in water, methanol, ethanol, ethyl acetate and other organic solvents, slightly soluble in ether, insoluble in hydrocarbons.USA is the dominate country of hydroxyacetic acid, in 2019, accounting for about 32% of the total amount, followed by Europe. Leading players in hydroxyacetic acid industry are Chemours, CABB, Water Chemical. Chemours is the largest manufacturer, with the production market share of about 46% in 2019. The top three companies occupied about 81% sales share of the market in 2019. Household & Institutional cleaning accounted for the largest market with about 54% share of global market in 2019. With over 29% share in the Hydroxyacetic Acid market for personal care, it was the second largest application market in 2019.

By Market Verdors:

Chemours

CrossChem

CABB

Water Chemical

Danhua Technology

Sinopec Yangzi Petrochemical

By Types:

Hydroxyacetic Acid Solid

Hydroxyacetic Acid Solution(50%-60%)

Hydroxyacetic Acid Solution(61%-70%)

By Applications:

Household & Institutional Cleaning

Personal Care

Biodegradable Plastic

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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