Glycolic Acid is a colorless, crystalline, and water-soluble powder found especially in unripe grapes and sugar beets, and it is a significant substrate for photorespiration in plants. It is a type of alpha hydroxyl acid. According to BlueQuark Research & Consulting, the global Glycolic Acid market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Glycolic Acid in the personal care industry, supporting collagen production, and protecting the skin against sun damage, are expected to drive the global market. Further, Glycolic Acid is used as the dyeing and tanning agent projected to drive the worldwide market of the textile industry. Furthermore, Glycolic Acid is used as a hard surface cleaner in the household sector which generally results in improved or superior cleaning performance and is expected to drive market growth. However, excess usage of Glycolic Acid may cause eye and skin burns, and it may be harmful and cause digestive and respiratory tract burns if ingested. Sometimes the Acid can irritate darker skin tones and cause post-inflammatory hyperpigmentation or dark spots, which is expected to hinder the global market growth.

Glycolic Acid is a common ingredient in many over-the-counter and professional skincare products, especially anti-aging products. It is used in the textile industry, and it is an active ingredient in household cleaning liquid pine-sol. In food processing, it is used as a flavoring agent and preservative. It is an essential ingredient in medicines for hyperpigmentation and genital warts. It is also utilized in plastics and adhesives. Glycolic Acid is frequently used in ink and paint emulsion polymers, solvents, and additives to enhance flow characteristics and impart gloss.

The Personal Care Industry is the most vital consumer of Glycolic Acid and is projected to drive the Global Market. Glycolic Acid is an excellent exfoliator that leaves the skin looking healthier and more radiant. It penetrates the skin and promotes cell turnover, making the Global Market for Glycolic Acid bound to rise. Amazon's beauty, health, and personal care categories accounted for 32% of all beauty purchases made online in 2020, with USD 23 billion in revenue, up 45 percent from 2019. It is projected to account for 65% of the global health & beauty e-commerce market by 2025, which is projected to rise to 16.9% globally post covid-19 and is expected to increase 23.3% by 2025. Glycolic Acids are natural acids derived from plants, and they are made up of tiny molecules that are very simple to absorb by the skin. This makes them suitable for anti-aging applications such as smoothing fine wrinkles and enhancing skin texture, the demand for the industry shoots, thus driving the Global Glycolic Acid Industry. Therefore the mentioned use of Glycolic Acid in the Personal Care Industry is expected to grow and drive the overall market in the future.

The North American region is expected to be the leader in producing and consuming Glycolic Acid, with most consumption in countries like the US and Canada. Chemours Company is the world's largest producer of Glycolic Acid and the sole domestic producer. With the growing population, the demand for Glycolic Acid in the personal care industry has increased. Glycolic Acid plums the skin and prevents it from getting dry, and it cleans out the pores to prevent blackheads and inflamed breakouts, thus driving the global Glycolic Acid market. Glycolic Acid binds to calcium and iron in the textile industry, preventing scale build-up and fabric rusting, which drives the need for Glycolic Acid in the Global Market. In the household sector, Glycolic Acid is used in surface treatment products that increase the coefficient of friction on tile flooring is expected to drive the demand for Glycolic Acid in the market. In the food industry, Glycolic Acid is an excellent acid cleaner for removing milk stone, casein, and other deposits from dairy processing, driving the global Glycolic Acid market. Glycolic Acid is used in skincare treatments such as chemical peels in the pharmaceutical industry, driving the Glycolic Acid market. The mentioned factors have made the Asia-Pacific an essential region for growth in the Glycolic Acid Market.

Some of the market's key players are The Chemours Company, Parchem Fine & Specialty Chemicals, CABB GmbH, CrossChem Limited, DuPont de Nemours, Inc., among others.

In November 2021, The Chemours Company, a global chemistry company with a leading market position in Titanium technologies and chemical solutions, announced the launch of Glyclean-D, a broad-spectrum disinfectant, and cleanser that has been approved by the US Environmental Protection Agency (EPA) to kill the SARS-CoV-2 virus as well as other viruses and germs. It is formulated using a 70% concentration of glycolic acid.

The Global Glycolic Acid Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Glycolic Acid market by segmenting based on the By Concentration (70% Glycolic Acid, 50% Glycolic Acid, 35% Glycolic Acid, 30% Glycolic Acid, Others), By Application (Personal Care, Textile, Household, Food, Pharmaceutical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.