Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Thioglycolic Acid and Its Salts Market by Type (High Purity Grade, Low Purity Grade), By Application (Hair Care and Cosmetic Product, Pharmaceuticals, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Thioglycolic Acid and Its Salts Market by Type (High Purity Grade, Low Purity Grade), By Application (Hair Care and Cosmetic Product, Pharmaceuticals, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 269070 4200 Chemical & Material 377 207 Pages 4.7 (34)
                                          

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.


Global Thioglycolic Acid and Its Salts Industry Outlook


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:

  1. Arkema
  2. Bruno Bock
  3. Merck
  4. Sasaki Chemical
  5. Daicel
  6. Ever Flourish Chemical
  7. Swan Chemical
  8. Ruchang Mining
  9. QingDao Lnt
  10. HiMedia Laboratories
  11. Arkema

Global Thioglycolic Acid and Its Salts Market Overview


Highlights of The Thioglycolic Acid and Its Salts Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. High Purity Grade
    2. Low Purity Grade
  1. By Application:

    1. Hair Care and Cosmetic Product
    2. Pharmaceuticals
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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Global Thioglycolic Acid and Its Salts Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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