The Global Hydroxyacetic Acid (Glycolic Acid) Market was valued at USD 142.56 Million in 2024 and is projected to reach USD 218.7 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.34% during the forecast period (2024–2032). This growth is being driven by increasing demand for eco-friendly personal care formulations, biodegradable plastics, and industrial cleaning solutions across key markets.
As industries transition toward greener chemical alternatives, glycolic acid has emerged as a versatile solution with applications spanning cosmetics, pharmaceuticals, and specialty chemicals. In this analysis, we profile the Top 10 Companies in the Hydroxyacetic Acid Industry—global leaders and regional specialists shaping the future of this high-growth market through innovation and sustainable production.
🔟 1. The Chemours Company
Headquarters: Wilmington, Delaware, USA
Key Offering: Glyclean™ High-Purity Glycolic Acid (50%-70%)
Chemours commands approximately 43% global market share through proprietary production technologies and vertical integration. Their glycolic acid solutions meet pharmaceutical-grade purity standards for skincare and industrial applications.
Sustainability Initiatives:
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$150 million invested in cleaner production technologies (2022)
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Partnerships with L’Oréal and P&G for sustainable cosmetics
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60% reduction in process emissions targeted by 2030
Download FREE Sample Report: Global and Regional Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) Industry Status and Prospects Professional Market – View in Detailed Research Report
9️⃣ 2. CABB Group
Headquarters: Munich, Germany
Key Offering: Glypure™ Technical & Cosmetic Grade Solutions
This European leader supplies over 25% of the region’s demand, specializing in formulations for metal cleaning and personal care applications.
Sustainability Initiatives:
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Bio-based production pilot operational since 2021
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Zero liquid discharge manufacturing processes
8️⃣ 3. Water Chemical Co., Ltd.
Headquarters: Jiangsu, China
Key Offering: Cost-Competitive Glycolic Acid for Industrial Use
With 35,000 tons/year capacity, this Chinese manufacturer leads APAC’s textile and metal cleaning sectors through scaled production.
Sustainability Initiatives:
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Advanced wastewater recycling systems
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Developing agricultural formulations for emerging markets
7️⃣ 4. CrossChem Ltd.
Headquarters: Houston, Texas, USA
Key Offering: Specialty Formulations for Oilfield Applications
Focused on North American energy sectors, CrossChem provides glycolic acid solutions for descaling and acidizing operations.
Sustainability Initiatives:
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SAFECHEM® biodegradable product line
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50% reduction in logistics emissions since 2018
Download FREE Sample Report: Global and Regional Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) Industry Status and Prospects Professional Market – View in Detailed Research Report
6️⃣ 5. Danhua Technology
Headquarters: Jiangsu, China
Key Offering: Ultra-High Purity (99.9%) for Electronics
Danhua has pioneered solutions for semiconductor cleaning and PCB manufacturing, meeting stringent purity requirements.
Sustainability Initiatives:
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New 20,000-ton production facility under construction
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Zero VOC emission production technology
5️⃣ 6. Sinopec Yangzi Petrochemical
Headquarters: Nanjing, China
Key Offering: Bulk Industrial-Grade Glycolic Acid
This petrochemical giant produces cost-effective solutions primarily serving China’s textile and institutional cleaning markets.
Sustainability Initiatives:
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Energy-efficient co-processing with refinery operations
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Carbon capture utilization R&D programs
4️⃣ 7. Avid Organics
Headquarters: Gujarat, India
Key Offering: Pharmaceutical-Grade Formulations
India’s leading producer focuses on pharma applications and cosmetic solutions for South Asia’s booming personal care sector.
Sustainability Initiatives:
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Solar-powered production facility
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Water-neutral manufacturing processes
3️⃣ 8. Parchem Fine & Specialty Chemicals
Headquarters: New Rochelle, New York, USA
Key Offering: Custom Glycolic Acid Solutions
This North American specialty chemical provider develops tailored formulations for niche industrial and consumer applications.
Sustainability Initiatives:
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Green chemistry research partnerships
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Sustainable packaging innovations
2️⃣ 9. Shandong Xinhua Pharmaceutical
Headquarters: Zibo, China
Key Offering: Medical-Grade Hydroxyacetic Acid
Specializing in pharmaceutical intermediates, this producer supplies 15% of Asia’s medical-grade glycolic acid requirements.
Sustainability Initiatives:
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GMP-compliant wastewater treatment
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Carbon-neutral roadmap targeting 2028
1️⃣ 10. Saanvi Corp
Headquarters: Mumbai, India
Key Offering: Affordable Solutions for Emerging Markets
This fast-growing manufacturer is expanding capacity to serve price-sensitive markets in Africa and Southeast Asia.
Sustainability Initiatives:
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Community-based production models
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Renewable energy integration programs
Get Full Report Here: Global and Regional Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) Industry Status and Prospects Professional Market – View in Detailed Research Report
🌍 Market Outlook: The Sustainable Chemistry Revolution
The hydroxyacetic acid sector is undergoing fundamental transformation as environmental regulations tighten globally. Glycolic acid’s biodegradability and efficacy position it for strong growth across diverse applications replacing traditional chemicals.
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Cosmetic formulations driving 12% annual premium-grade growth
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Biodegradable plastics expanding at 18% CAGR
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Asia-Pacific to surpass North America by 2027
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Production cost reductions of 15-20% through innovation
Get Full Report Here: Global and Regional Hydroxyacetic Acid (Glycolic Acid) (CAS 79-14-1) Industry Status and Prospects Professional Market – View in Detailed Research Report
The companies profiled represent not just current market leaders, but innovators shaping the future of sustainable chemistry through responsible production and application development.
