Impact of Covid-19 on Mandelic Acid Market

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Impact of Covid-19 on Mandelic Acid Market

Mandelic acid is used in the production of fine chemical reagents, which are used in various industries including electronics during the manufacturing process. Rise in advancement of electronic products is driving the mandelic acid market.

MandelicAcid: Introduction

· Mandelic acid is an alpha hydroxy acid. It is a whitecrystalline solid that is soluble in water and organic solvents. Mandelic acidis an aromatic compound. It is a key ingredient in medicine and cosmeticindustries. It is extracted from bitter almonds and is used as a drug andantimicrobial in personal care and pharmaceutical products.

· Mandelic acid is one of the beneficial ingredients that isgentle on the skin and includes ingredients that help resolve specific skin issuessuch as hyperpigmentation, acne, skin texture, and effects of aging, therebyimproving the overall skin texture and appearance

· It is used in production of chemicals, which are employed invarious industries including electronics during the manufacturing process

Key Drivers and Restraints of Mandelic Acid Market

· Mandelic acid improves the appearance of skin, as it possessesantibacterial and antimicrobial properties. It meets consumer need for personalcare products, as it helps in the removal of dead skin, repairing of damagedskin, treating freckles, and developing an anti-aging method. Thus, increase inconsumer demand for personal care products is boosting the demand for mandelicacid.

· Mandelic acid is used as one of the key raw materials in dye andpigment manufacturing in the textile industry. Rise in production anddistribution of textiles is boosting the demand for mandelic acid.

· Mandelic acid is used in the production of fine chemicalreagents, which are used in various industries including electronics during themanufacturing process. Rise in advancement of electronic products is drivingthe mandelicacid market.

· Mandelic acid can be used with methenamine to producemandelamine, which is often used to treat urinary tract infections (UTI). Itused as an essential ingredient for the manufacture of various medicines.

· A few individuals can experience side effects of mandelic acid.It might not suit every individual’s skin. This is likely to hamper themandelic acid market.

COVID-19 Impact on Mandelic Acid Market

· On January 30, 2020, the International Health RegulationsEmergency Committee of the World Health Organization (WHO) declared theCoronavirus disease (COVID-19) outbreak a public health emergency ofinternational concern. Originating in China, the virus has spread to at least214 countries and territories around the world.

· Several governments and private sector businesses are operatingat a limited capacity or have ceased operations completely due to recent eventssurrounding the COVID-19 pandemic

· Manufacture of mandelic acid came to rest as several governmentsand private sector businesses ceased operations due to the recent eventssurrounding the COVID-19 pandemic

· Manufacture of mandelic acid came to a halt across the globe dueto the unavailability of raw materials, shortage of labor, etc., thus resultingin contraction of the mandelic acid market

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Mandelic Acid Market Segmentation, by Type

· Based on type, the mandelic acid market can be categorized intoDL mandelic acid, L mandelic acid, and D mandelic acid

· The DL mandelic acid segment holds major share of the globalmandelic acid market. DL mandelic acid is extensively used in cosmetic and personalcare products due to its antibacterial property that rejuvenates damaged andaged skin.

· L mandelic acid is used extensively in the pharmaceuticalindustry for the manufacture of various medicines

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Mandelic Acid Market Segmentation, by Application

· Based on application, the mandelic acid market can be segregatedinto pharmaceuticals, cosmetics & personal care, API synthesis, textiles& dye intermediates, and others

· Cosmetics & personal care is the largest growing segment, asmandelic acid is widely used in personal care & cosmetics products owing toits ability to exfoliate and rejuvenate skin. Furthermore, it is used asan exfoliating agent before cosmetic surgeries.

North America Holds Major Share of Mandelic Acid Market

Based onregion, the market can be split into North America, Europe, Asia Pacific, LatinAmerica, and Middle East & Africa

· Demand for mandelic acid is expected to rise in North Americadue to increase in advancements in the pharmaceuticals & drug manufacturingindustry

· Adoption of personal care products due to rising consumerconcern about hygiene, skincare, and hair care is expected to boost themandelic acid market in Europe

· Dye intermediates used in the textile industry comprisesmandelic acid. Hence, expansion of the textile industry in Asia Pacific isestimated to propel the market in the region.

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Key Manufacturers Operating in Mandelic Acid Market

Themandelic acid market was consolidated in 2020. Major players have prominentpresence in developed and developing countries. Key manufacturers operating inglobal mandelic acid market include:

· Hanhong Group

· Evonik Industries AG

· BASF SE

· Sigma Aldrich

· Alfa Aesar

· Clearsynth

· Biosynth Carbosynth

· Runder Pharmda

· BIOTEC

· Xinhetai Science and Technology

· Smart Chemicals

· R.L. Chemicals