The glycolic acid market is gaining traction and is expected to grow at a 7% CAGR between 2022 and 2032. The glycolic acid market is expected to grow at a 7% CAGR through 2032. The market is expected to be worth US$ 1,130.60 million by 2032, up from its current value of US$ 574.74 million in 2022.
The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Glycolic Acid market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.
In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.
With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Glycolic Acid market is expected to witness in the upcoming decade.
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Impact of COVID-19 on Glycolic Acid Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Glycolic Acid market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Glycolic Acid Market Report
- How will the Glycolic Acid market expand through 2032?
- Which region is the most lucrative in the Glycolic Acid market?
- What are the recent technological developments in the Glycolic Acid market?
- What are key challenges and competition threats faced by Glycolic Acid market players?
- Who are prominent players leading the Glycolic Acid market?
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Glycolic Acid Market: Competitive Evaluation
The FMI’s Glycolic Acid market report provides a comprehensive analysis on key players operating in the Glycolic Acid market. Some of the key players are:
- Parchem
- Phibro Animal Health Corporation
- Griffin International
- The Chemours Company
- Kureha Corporation
- Vornia Biomaterials
- SimcoQC
- CrossChem LP
- Dupont
- Zhonglan Industry Co.
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Glycolic Acid market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Glycolic Acid market
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