Los Angeles, CA -- (SBWire) -- 04/24/2019 --Hydroxyacetic acid is the smallest ?-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 producer of Hydroxyacetic Acid, the production was 34056 MT in 2016, accounting for about 60.42% of the total amount, followed by Europe, with the production market share of 19.74%.
China has the highest production growth rate of 8.39% from 2012 to 2016. And USA is expected to remain the leading position in the forecast period. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved. Leading players in Hydroxyacetic Acid industry are Chemours, CABB, Water Chemical. Chemours is the largest manufacturer, with the production market share of 48.64% in 2016. The top three companies occupied about 79.21% production share of the market in 2016.
Personal care accounted for the largest market with about 60.12% share of global Hydroxyacetic Acid market in 2016. With over 29.62% share in the Hydroxyacetic Acid market, household & institutional cleaning was the second largest application market in 2016. The global Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) market was 210 million US$ in 2018 and is expected to 230 million US$ by the end of 2025, growing at a CAGR of 1.2% between 2019 and 2025.
This report studies the Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Chemours
CrossChem
Phibro
CABB
Water Chemical
Danhua Technology
Sinopec Yangzi Petrochemical
By the product type, the market is primarily split into
Glycolic Acid Solution
Glycolic Acid Solid
By the end users/application, this report covers the following segments
Household & Institutional Cleaning
Personal Care
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Hydroxyacetic Acid (Glycolic Acid) (Cas 79-14-1) Market Is Presumed to Grow at a Cagr of 1.2% Between 2019 and 2025
Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.