Sustainable Cleaning Agents Replace Traditional Mineral Acid-based Cleaners
Household cleaning is one of the major sectors for growth of the glycolic acid market, since cleaning and maintenance is a necessity. Hence, manufacturers are developing new cleaning agents to cater to end user needs in domestic as well as commercial applications such as housekeeping in hotels and maintenance in restaurants. As such, cleaning agent application segment of the glycolic acid market is estimated to reach the production of ~28,500 tons by the end of 2027. Hence, manufacturers in the glycolic acid market are innovating in new cleaning agents. For instance, the U.S. chemicals company, Chemours, is a supplier of sustainable cleaners and detergents.
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Companies are increasing their efficacy in environment-friendly cleaning agents. These advanced cleaners made with biocidal agents and corrosion inhibitors are increasingly replacing mineral acid-based cleaners. Thus, companies are boosting their credibility credentials in the global glycolic acid market landscape by producing biodegradable cleaners that minimize environmental impact. Manufacturers are increasing the availability of improved cleaning agents for agricultural and food processing facilities.
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Innovative Biomaterials Create Growth Opportunities for Manufacturers in Tissue Engineering
Manufacturers in the glycolic acid market are tapping into opportunities in biomaterials for tissue engineering. This phenomena is creating incremental opportunities for manufacturers, since biomaterials are being increasingly used to produce scaffolds in the field of regenerative medicine. Thus, manufacturers are increasing efficacy in scaffold production. This has led to the development of innovative polymers involving polyglycolic acid (PGA) for the development of synthetic polymers. As such, the polyglycolic acid (PGA) manufacturing application segment of the glycolic acid market is projected to reach an output of ~9,800 tons by 2027. Thus, manufacturers are increasing the production of biocompatible PGA copolymer materials to cater to the needs of stakeholders in the regenerative medicine space.
Increased growth opportunities in the healthcare industry, such as rise in demand for suture threads, prostheses, and orthopedic screws are broadening the scope of income sources for manufacturers. Innovative healthcare products using PGA are improving patient quality of life, since PGA and its copolymers are well tolerated by a patient.
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Digital Pollution Triggers Demand for Glycolic Acid-based Skin Care Products
Growing awareness about digital pollution has created a demand for glycolic acid. Blue light emitted from LED screens of smartphones, TV, and laptops is found to penetrate the skin’s dermis, thus leading to complications of oxidative stress and premature ageing among individuals. Hence, manufacturers in the glycolic acid market are increasing awareness and availability of glycolic acid-based skin care products. The skin care sub-segment of the personal care & cosmetics application segment is anticipated to reach an output of ~25,100 tons by 2027. Thus, manufacturers are increasingly focusing on the development of novel skin care products.
Disturbing sleep cycles, hyperpigmentation, and decreased skin elasticity due to prolonged use of smartphones and laptops are some of the key factors that are triggering the demand for effective skin care products.
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