By grade, the market is segmented into industrial grade, cosmetic grade, technical grade, and medical. Of these, the cosmetic grade is considered to surpass a valuation of USD 205,202.7 thousand by the end of 2023.

Competitive Dynamics The notable players of the market are China Petrochemical Corporation (Sinopec Corp) (China), The Chemours (U.S.), CABB Group (Germany), Saanvi Corp (India), Water Chemical Co. Ltd. (China), Shandong Xinhua Pharmaceutical Co.Ltd

The global glycolic acid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.

The global glycolic acid market was valued at ~US$ 285 Mn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast period