Alpha Hydroxy Acid Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Alpha hydroxy acid is a carboxylic acid substituted with a hydroxy group on the alpha carbon. It is widely used in skin and hair care products. There are different methods of producing it; of these, the most common commercial method is to synthesize alpha hydroxy acid from alpha hydroxy nitriles as the starting material and using bacteria as the catalyst. These bacteria belong to the genus Bacillus, Pseudomonas, Escherichia, etc. Alpha hydroxy acid is known to reduce skin wrinkling, repair sun damage, increase skin firmness, soften skin, and even the skin tone. Alpha hydroxy acid exfoliates the layers of skin by reducing inter-corneocyte cohesion and interfering with intercellular ionic bonding. However, exfoliation caused by alpha hydroxy acid at higher concentrations adversely impacts the barrier function of the skin. Increase in transepidermal water loss (TEWL) occurs when the skin barrier function is impaired. This deteriorates the texture of the skin.
The global alpha hydroxy acid market can be segmented into type of product, application, and region. In terms of product, the market can be divided into lactic acid, glycolic acid, citric acid, and others. Lactic acid is alpha hydroxy propionic acid, while glycolic acid is alpha hydroxy acetic acid. These are the most commonly used ones in the personal care industry. Lactic acid penetrates the skin during which the dead and dry skin is whisked. This improves the skin tone and texture, making the skin look younger by reducing wrinkles. Glycolic acid is majorly used to reduce acne, brown spots, and hyperpigmentation. It works on the surface and lowers dermal layer, thereby reducing wrinkles at their source and cleaning the acne in the sebaceous follicle. It acts on the acne pustules by uprooting them and starts healing the skin. Citric acid also improves the skin texture. Among the four product types, glycolic acid accounted for major share in 2016. In terms of application, the skin care segment constituted significant share in 2016. The personal care industry is also witnessing higher focus on organic products. This trend is expected to continue during the forecast period.
Regionally, North America dominates the market in terms of demand for alpha hydroxy acid, due to the high focus on skin health and presence of major personal care product manufacturing companies in the region. North America is followed by Europe, Asia Pacific, Middle East & Africa, and Latin America. Research on active ingredients in the skin care industry in Europe is boosting the demand for alpha hydroxyl acid. The market in Asia Pacific is anticipated to expand at a fast-paced CAGR during the forecast period led by the increase in focus on skin care due to pollution, especially after the smog case in China. Furthermore, growth in aging population in Japan is a driving the demand for alpha hydroxyl acid, which helps reduce wrinkles. Global demand drivers include increasing customer spending on beauty and personal care products.
Major companies operating in the global market for alpha hydroxyl acid include Croda International Plc, Corbion, Henan Jindan Lactic Acid Technology Co.,Ltd, Cargill, Incorporated., The Chemours Company, Zhonglan Industry Co.,Ltd., and CrossChem.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects