, /PRNewswire/ -- The global glycolic acid market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.77% during the forecast period.
Growing demand from cosmetics industry is driving market growth, with a trend towards development of new applications to manufacture shampoo for companion animals using glycolic acid. However, availability of inexpensive alternative products poses a challenge. Key market players include Acuro Organics Ltd.
, Avid Organics, CABB Group GmbH, China Petrochemical Corp., CrossChem Ltd., DuPont de Nemours Inc.
, Glentham Life Sciences Ltd., Hefei TNJ Chemical Industry Co. Ltd.
, Jiaxing Jlight Chemicals Co. Ltd., Kumar Industries, Kureha Corp.
, Mehul Dye Chem Industries, Merck KGaA, Phibro Animal Health Corp., RXChemicals, Saanvi Corp., Shandong Xinhua Pharmaceutical I and E Co.
Ltd., The Chemours Co., Water Chemical Co.
Ltd., and Zhonglan Industry Co. Ltd.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- The global pet grooming market is experiencing notable growth, projected to expand at a CAGR of over 4%. Factors fueling this trend include an expanding animal population, increased pet adoption, rising pet health expenditures, and a preference for premium pet products.
One emerging application in this sector is the use of glycolic acid in companion animal shampoos. This ingredient benefits dry and damaged skin, restores skin barriers, reduces.