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Growing demand from cosmetics industry will play a role in its CAGR of almost 8.77% between now and 2028.
The global glycolic acid market size is estimated to grow by $186.6 million from 2024-2028, according to market research firm 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, analysts say....
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