| Study Period | 2019 - 2030 |
| 2024 Market Size | USD 406.9 Million |
| 2025 Market Size | USD 434.6 Million |
| 2030 Forecast | USD 604.4 Million |
| Growth Rate (CAGR) | 6.8% |
| Largest Region | Asia-Pacific |
| Fastest Growing Region | Asia-Pacific |
| Nature of the Market | Fragmented |
| Largest Application Category | Personal Care & Cosmetics |
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The global glycolic acid market estimated size for 2024 is USD 406.9 million, and it will grow at a CAGR of 6.8% during 2024–2030, to reach USD 604.4 million by 2030. The market is driven by the growing usage of glycolic acid as a cleaning disinfectant in the cosmetics, oil & gas, and electronics industries. This is because it offers several benefits as a cleaning agent in household cleaning, institutional cleaning, and industrial cleaning.
Apart from being the prime ingredient in skincare, glycolic acid is also significantly used in industries like dyeing and tanning, oil and gas, and electronics. It has been utilized as concrete removers, boiler cleaners, and dairy farm tank cleaners. This is because of its main characteristics such as small size, strong acidic property, an affinity for chelating calcium, and natural biodegradability.
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