Market Overview:
The global thioglycolic acid and its salts market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The high purity grade segment is projected to account for a larger share of the market, in terms of value, during the forecast period. The hair care and cosmetic product application segment is estimated to be the fastest-growing application segment in terms of value, during the forecast period. North America accounted for a major share of the global thioglycolic acid and its salts market in 2017.
Product Definition:
Thioglycolic acid is an organic compound with the formula HO-CH2-COOH. It is a colorless liquid that is miscible with water and most organic solvents. The salts of thioglycolic acid, such as calcium thioglycolate, are used in hair relaxers.
High Purity Grade:
High purity grade is the most expensive form of thioglycolic acid. It has 99.8% of purest form which can be used in medical and cosmetic industry for producing skin-friendly products such as lotions, creams, gels and others.
Low Purity Grade:
The low purity grade of thioglycolic acid is used in the manufacturing of salicylic acid and its salts. Salicylic acid, also known as white vinegar, is a primary ingredient in wood preservatives. It has antiseptic properties and helps prevent fungal growth. The demand for salicylic acid is expected to grow on account of its increasing application scope as an acne treatment agent in pharmaceuticals & cosmetics industries worldwide.
Application Insights:
The market is segmented by application into hair care and cosmetic product, pharmaceuticals, and others. The hair care and cosmetic products segment dominated the global market in 2017 owing to increasing demand for shampoos that cleanse the scalp of dandruff along with improving hair growth. In addition, superior performance of thioglycolic acid salts compared to other similar products has led to increased penetration in this application segment.
The growing popularity of organic personal care products is expected to boost the demand for GAA over the forecast period as it helps enhance skin texture while reducing inflammation caused due largely on its anti-microbial property which aids in treating acne vulgaris.
Regional Analysis:
North America was the second-largest regional market for the product in 2017. The region is expected to witness moderate growth over the forecast period owing to increasing demand from end-use industries such as pharmaceutical, cosmetics and others. The U.S., which is one of the major consumers of thioglycolic acid in North America, has strict regulations regarding its usage coupled with high manufacturing costs associated with it.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, personal care products, and pharmaceuticals
- Rising awareness about the benefits of thioglycolic acid and its salts among consumers
- Growing research and development activities for new applications of thioglycolic acid and its salts
- Expansion of manufacturing capacities by key players in the market
- Rising popularity of thioglycolic acid and its salts as a green alternative to conventional chemical solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Thioglycolic Acid and Its Salts Market Research Report
By Type
High Purity Grade, Low Purity Grade
By Application
Hair Care and Cosmetic Product, Pharmaceuticals, Others
By Companies
Arkema, Bruno Bock, Merck, Sasaki Chemical, Daicel, Ever Flourish Chemical, Swan Chemical, Ruchang Mining, QingDao Lnt, HiMedia Laboratories, Arkema
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Thioglycolic Acid and Its Salts Market Report Segments:
The global Thioglycolic Acid and Its Salts market is segmented on the basis of:
Types
High Purity Grade, Low Purity Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hair Care and Cosmetic Product, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arkema
- Bruno Bock
- Merck
- Sasaki Chemical
- Daicel
- Ever Flourish Chemical
- Swan Chemical
- Ruchang Mining
- QingDao Lnt
- HiMedia Laboratories
- Arkema
Highlights of The Thioglycolic Acid and Its Salts Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Purity Grade
- Low Purity Grade
- By Application:
- Hair Care and Cosmetic Product
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thioglycolic Acid and Its Salts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thioglycolic acid and its salts are a type of chemical compound. They are used in the production of other chemicals.
Some of the key players operating in the thioglycolic acid and its salts market are Arkema, Bruno Bock, Merck, Sasaki Chemical, Daicel, Ever Flourish Chemical, Swan Chemical, Ruchang Mining, QingDao Lnt, HiMedia Laboratories, Arkema.
The thioglycolic acid and its salts market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thioglycolic Acid and Its Salts Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Thioglycolic Acid and Its Salts Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Thioglycolic Acid and Its Salts Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Thioglycolic Acid and Its Salts Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Thioglycolic Acid and Its Salts Market Size & Forecast, 2018-2028 4.5.1 Thioglycolic Acid and Its Salts Market Size and Y-o-Y Growth 4.5.2 Thioglycolic Acid and Its Salts Market Absolute $ Opportunity
Chapter 5 Global Thioglycolic Acid and Its Salts Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thioglycolic Acid and Its Salts Market Size Forecast by Type
5.2.1 High Purity Grade
5.2.2 Low Purity Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thioglycolic Acid and Its Salts Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thioglycolic Acid and Its Salts Market Size Forecast by Applications
6.2.1 Hair Care and Cosmetic Product
6.2.2 Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thioglycolic Acid and Its Salts Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thioglycolic Acid and Its Salts Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thioglycolic Acid and Its Salts Analysis and Forecast
9.1 Introduction
9.2 North America Thioglycolic Acid and Its Salts Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thioglycolic Acid and Its Salts Market Size Forecast by Type
9.6.1 High Purity Grade
9.6.2 Low Purity Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thioglycolic Acid and Its Salts Market Size Forecast by Applications
9.10.1 Hair Care and Cosmetic Product
9.10.2 Pharmaceuticals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thioglycolic Acid and Its Salts Analysis and Forecast
10.1 Introduction
10.2 Europe Thioglycolic Acid and Its Salts Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thioglycolic Acid and Its Salts Market Size Forecast by Type
10.6.1 High Purity Grade
10.6.2 Low Purity Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thioglycolic Acid and Its Salts Market Size Forecast by Applications
10.10.1 Hair Care and Cosmetic Product
10.10.2 Pharmaceuticals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thioglycolic Acid and Its Salts Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thioglycolic Acid and Its Salts Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thioglycolic Acid and Its Salts Market Size Forecast by Type
11.6.1 High Purity Grade
11.6.2 Low Purity Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thioglycolic Acid and Its Salts Market Size Forecast by Applications
11.10.1 Hair Care and Cosmetic Product
11.10.2 Pharmaceuticals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thioglycolic Acid and Its Salts Analysis and Forecast
12.1 Introduction
12.2 Latin America Thioglycolic Acid and Its Salts Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thioglycolic Acid and Its Salts Market Size Forecast by Type
12.6.1 High Purity Grade
12.6.2 Low Purity Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thioglycolic Acid and Its Salts Market Size Forecast by Applications
12.10.1 Hair Care and Cosmetic Product
12.10.2 Pharmaceuticals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thioglycolic Acid and Its Salts Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thioglycolic Acid and Its Salts Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thioglycolic Acid and Its Salts Market Size Forecast by Type
13.6.1 High Purity Grade
13.6.2 Low Purity Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thioglycolic Acid and Its Salts Market Size Forecast by Applications
13.10.1 Hair Care and Cosmetic Product
13.10.2 Pharmaceuticals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thioglycolic Acid and Its Salts Market: Competitive Dashboard
14.2 Global Thioglycolic Acid and Its Salts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arkema
14.3.2 Bruno Bock
14.3.3 Merck
14.3.4 Sasaki Chemical
14.3.5 Daicel
14.3.6 Ever Flourish Chemical
14.3.7 Swan Chemical
14.3.8 Ruchang Mining
14.3.9 QingDao Lnt
14.3.10 HiMedia Laboratories
14.3.11 Arkema