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Glycolic Acid Market is Expected to Expand at an Impressive Rate by 2027

Glycolic Acid Market is Expected to Expand at an Impressive Rate by 2027

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Glycolic Acid Market is Expected to Expand at an Impressive Rate by 2027

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  1. ©2019 Transparency Market Research, All Rights Reserved Glycolic Acid Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved

  2. ©2019 Transparency Market Research, All Rights Reserved About Us Transparency Market Research (TMR) is a market intelligence company, providing North America business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insightfor thousands of decision-makers. Wehavean experienced team of Analysts, Researchers, and Consultants, who useproprietary data sources and various tools and techniques to gather and analyzeinformation. Our business offerings representthelatest and themostreliableinformationindispensableforbusinessestosustaina competitiveedge. Each TMR Syndicated Research report covers a different sector—such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. Thesereports providein-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reportsstriveto serveclients and satisfytheir overallresearchrequirement.

  3. ©2019 Transparency Market Research, All Rights Reserved Glycolic Acid Market: Key Highlights • The global formaldehyde marketwas valued at ~US$ 8.6 Bn in 2018and is anticipated to expand at a CAGR of ~3% from 2019to 2027. • Use of formaldehyde in the production of resins is growing; these formaldehyde based resins find applications in a wide range of activities. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

  4. ©2019 Transparency Market Research, All Rights Reserved Key Drivers of Glycolic Acid Market • Glycolic acid products are widely used in industrial cleaning applications in water treatment plants, dairies, concrete trucks, and metal cleaning plants. Glycolic acid is an ideal material for industrial cleaning, as it is eco-friendly, biodegradable, readily rinsable,dilutable,andcompatiblewithseveralformulations. • Thus, growth of the global industrial cleaning sector is expected to fuel the demandfor glycolicacid duringthe forecast period. • Polyglycolic acid is used to manufacture drug delivery devices for small-molecule drugs, proteins, commercialandresearch applications. • It is also used in various tissue-engineering applications, as it possesses tunable mechanical properties, biodegradability, and biocompatibility. This factor is expected to drive the demand for polyglycolicacidgloballyin the nearfuture. and macromolecules in

  5. ©2019 Transparency Market Research, All Rights Reserved Increase in Use of Glycolic Acid in Cleaning Agents • In terms of application, cleaning agent was a rapidly expanding segment of the global glycolic acid market in 2018. The segment is expected to maintain its attractiveness during the forecast period, due to wide compatibility of cleaning agents with a range of ingredients such as surfactants, biocidal agents, corrosion inhibitors, fragrances, and dyes. • Glycolic acid has low dissociation constant and molecular weight, which increases its efficiency onhard waterscales andleadsto low corrosionof householdsurfaces • Glycolic acid is increasingly being used in cleaning and washing of various industrial equipment,dueto its solubilityandease of handling. ©2019 Transparency Market Research, All Rights Reserved

  6. ©2019 Transparency Market Research, All Rights Reserved Prominent Companies in Global Market • Shandong Xinhua Pharmaceutical Co. Ltd. • Avid Organics • ZhonglanIndustry Co., Ltd. • Water Chemical Co., Ltd • Hebei ChengxinCo., Ltd. • Hefei TNJ Chemical Industry Co. Ltd • Saanvi Corp. ©2019 Transparency Market Research, All Rights Reserved

  7. ©2019 Transparency Market Research, All Rights Reserved To know more about us, please visit our website: www.transparencymarketresearch.com For sales queries or new topics email us on: sales@transparencymarketresearch.com For other queries contact: Nachiket Ghumare (Senior Business Development Manager) 90 State Street, Albany NY –12207, United States Tel: +1-518-618-1030 Email: nachiket@transparencymarketresearch.com T H A N K Y O U

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