The global market for glycolic acid is expected to reach USD 277.8 million by 2020, according to a new study by Grand View Research, Inc. Glycolic acid is being increasingly used as an active ingredient in personal care products such as haircare and skincare. The growing consumer awareness regarding the benefits of glycolic acid as an anti oxidizing and exfoliating product is expected to fuel demand over the forecast period. In addition, glycolic acid is used in the manufacturing of polyglycolic acid (PGA), used for the manufacturing of absorbable sutures for healthcare applications. Growing standard of healthcare in emerging economies is expected to result in increased demand for these sutures which in turn would boost the demand for glycolic acid.
http://www.grandviewresearch.com/industry-analysis/glycolic-acid-industry
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