The glycolic acid market was estimated at USD 359.7 million in 2022 and is likely to grow at a CAGR of 6.84% during 2023-2028 to reach USD 537.28 million in 2028.
Market Drivers:
The growth of the market for glycolic acid is increasing on account of the surge in various applications, such as personal care & dermatology, industrial, and household, majorly in the emerging economies of the Asia-Pacific region.