Mercaptoacetic Acid, also known as thioglycolic acid (TGA) is a clear, combustible liquid which oxidizes in air to form disulfides and an unpleasant odor. Mercaptoacetic acid consists of thiol or mercaptan and carboxylic acid. Mercaptoacetic Acid was first developed in the early 1940s by Dr. Ralph Evans in Hoboken, New Jersey, as an active material for cold wave permanents. Mercaptoacetic acid or thioglycolic acid is primarily used in hair care products for straightening or waving hair and as depilatory (hair removal) chemical. Mercaptoacetic acid is also used as a chemical intermediate for mercaptan chemicals such as ammonium thioglycolate, sodium thioglycolate and calcium thioglycolate. Furthermore, mercaptoacetic acid is used for preparing thioglycolic broth as a media for microbiological cultures. Additionally, with emergence, awareness and popularity of fashion trends people are experimenting and using more hair care products such as hair removal chemicals, hair straightening and hair waving products. Mercaptoacetic acid is widely used for body hair removal by salons, beauty parlors, hospitals (for surgery) and households among others.
This report contains market size and forecasts of Mercaptoacetic Acid in global, including the following market information:
Global Mercaptoacetic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Mercaptoacetic Acid Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Mercaptoacetic Acid companies in 2021 (%)
The global Mercaptoacetic Acid market was valued at 296.3 million in 2021 and is projected to reach US$ 318.9 million by 2028, at a CAGR of 1.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Purity Grade ( Above 99%) Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Mercaptoacetic Acid include Arkema, Bruno Bock, Merck, Sasaki Chemical, Daicel, Ever Flourish Chemical, Swan Chemical, Ruchang Mining and QingDao Lnt and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Mercaptoacetic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Mercaptoacetic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Mercaptoacetic Acid Market Segment Percentages, by Type, 2021 (%)
High Purity Grade ( Above 99%)
Technical Grade ( 80%-99%)
Low Purity Grade ( Below 80%)
Global Mercaptoacetic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Mercaptoacetic Acid Market Segment Percentages, by Application, 2021 (%)
Hair Careand & Cosmetic Product
Chemical Intermediate
Pharmaceuticals
Others
Global Mercaptoacetic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Mercaptoacetic Acid Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Mercaptoacetic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Mercaptoacetic Acid revenues share in global market, 2021 (%)
Key companies Mercaptoacetic Acid sales in global market, 2017-2022 (Estimated), (MT)
Key companies Mercaptoacetic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Arkema
Bruno Bock
Merck
Sasaki Chemical
Daicel
Ever Flourish Chemical
Swan Chemical
Ruchang Mining
QingDao Lnt
HiMedia Laboratories