Glycolic Acid Market Size

Glycolic Acid Market size was over USD 1.21 billion in 2024 and is projected to cross USD 3.95 billion by the end of 2037, growing at more than 9.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of glycolic acid is estimated at USD 1.3 billion.

The growth of the market can be attributed to the increasing demand for glycolic acid from various end-use industries. Further, the growing use and demand for emulsion polymers are also expected to contribute to the growth of the market in the forecast period. For instance, worldwide emulsion polymer consumption is 410 thousand metric tonnes. The increased demand from the cosmetic industry is another factor that is predicted to keep growing in the coming years.

In addition to these, factors that are believed to fuel the market growth of glycolic acid include the rise in skincare products. In 2021, approximately 40 % of the world glycolic acid market will be made up of products for skin care. The main drivers for the entire growth of the cosmetics industry have been emerging as internet businesses, social networking activities, a higher per capita disposable income, and consumers' interest in new, more premium, or differentiated products. Additionally, the growing production of chemicals with glycolic acid as an intermediate is predicted to present the potential for market expansion over the projected period.