The Latin America, Middle East and Africa Glycolic Acid Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 9,262.8 tonnes, showcasing a growth of 8.6% (2023-2030).
Innovations in skincare formulations include advanced delivery systems for glycolic acid. Nanotechnology and encapsulation techniques enhance glycolic acid’s stability and penetration into the skin. This allows for controlled release, improved efficacy, and reduced potential for skin irritation. Advanced delivery systems contribute to the development of user-friendly and efficient skincare products. Innovations in skincare formulations include advanced delivery systems for glycolic acid. Nanotechnology and encapsulation techniques enhance glycolic acid’s stability and penetration into the skin. This allows for controlled release, improved efficacy, and reduced potential for skin irritation. Advanced delivery systems contribute to the development of user-friendly and efficient skincare products.
Researchers are exploring innovative biomedical applications of glycolic acid. This consists of its integration into biocompatible materials for drug delivery systems and tissue engineering. The unique properties of glycolic acid make it a promising candidate for improving the performance, biodegradability, and compatibility of implants and drug carriers in the biomedical field. The adoption of green chemistry principles in the production of glycolic acid represents an innovative approach. Sustainable and environmentally friendly manufacturing processes are being explored to minimize the ecological impact of glycolic acid production. This includes reducing waste, energy consumption, and hazardous chemicals.
It is well-known for its exfoliating and skin-renewing properties in South Africa. Its incorporation into skincare products, such as cleansers, toners, serums, and peels, can contribute to the growth of the skincare and cosmetics industry in South Africa. It is commonly used in professional dermatological treatments, such as chemical peels in South Africa. The availability of dermatological procedures involving glycolic acid may contribute to the growth of the professional skincare services sector in South Africa. Its versatility extends to industrial applications, including metal cleaning, water treatment, and corrosion inhibition in South Africa. Adopting glycolic acid in industrial processes can enhance efficiency and sustainability, contributing to industrial growth in South Africa. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Glycolic Acid Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,695.9 Thousands by 2030. The Argentina market is showcasing a CAGR of 9.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.4% during (2023 - 2030).
Free Valuable Insights: The Worldwide Glycolic Acid Market is Projected to reach USD 531 Million by 2030, at a CAGR of 6.8%
Based on Grade, the market is segmented into Technical Grade and Cosmetic Grade. Based on Application, the market is segmented into Personal Care & Dermatology, Industrial, Household and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Grade (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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