Global Mercaptoacetic Acid Market Growth 2023-2029
Product Code:458507
Published Date: Feb 08,2023
Pages: 100
Region: Global
Category: Chemical & Material
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Mercaptoacetic Acid, also known as thioglycolic acid (TGA) is a clear, combustible liquid which oxidizes in air to form disulfides and an unpleasant odor. Mercaptoacetic acid consists of thiol or mercaptan and carboxylic acid. Mercaptoacetic Acid was first developed in the early 1940s by Dr. Ralph Evans in Hoboken, New Jersey, as an active material for cold wave permanents. Mercaptoacetic acid or thioglycolic acid is primarily used in hair care products for straightening or waving hair and as depilatory (hair removal) chemical. Mercaptoacetic acid is also used as a chemical intermediate for mercaptan chemicals such as ammonium thioglycolate, sodium thioglycolate and calcium thioglycolate. Furthermore, mercaptoacetic acid is used for preparing thioglycolic broth as a media for microbiological cultures. Additionally, with emergence, awareness and popularity of fashion trends people are experimenting and using more hair care products such as hair removal chemicals, hair straightening and hair waving products. Mercaptoacetic acid is widely used for body hair removal by salons, beauty parlors, hospitals (for surgery) and households among others.
LPI (LP Information)' newest research report, the “Mercaptoacetic Acid Industry Forecast” looks at past sales and reviews total world Mercaptoacetic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Mercaptoacetic Acid sales for 2023 through 2029. With Mercaptoacetic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mercaptoacetic Acid industry.
This Insight Report provides a comprehensive analysis of the global Mercaptoacetic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Mercaptoacetic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Mercaptoacetic Acid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mercaptoacetic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mercaptoacetic Acid.
The global Mercaptoacetic Acid market size is projected to grow from US$ 281.7 million in 2022 to US$ 305 million in 2029; it is expected to grow at a CAGR of 305 from 2023 to 2029.
Global Mercaptoacetic Acid key players include Arkema, Bruno Bock, Merck, Sasaki Chemical, Ever Flourish Chemical, etc. Global top five manufacturers hold a share about 80%. Europe is the largest market, with a share about 35%, followed by North America, with a share about 30 percent. In terms of product, High Purity Grade (≥99%) is the largest segment, with a share about 65%. And in terms of application, the largest application is Hair Careand & Cosmetic Product, followed by Chemical Intermediate, Pharmaceuticals, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Mercaptoacetic Acid market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
High Purity Grade ( Above 99%)
Technical Grade ( 80%-99%)
Low Purity Grade ( Below 80%)
Segmentation by application
Hair Careand & Cosmetic Product
Chemical Intermediate
Pharmaceuticals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Arkema
Bruno Bock
Merck
Sasaki Chemical
Daicel
Ever Flourish Chemical
Swan Chemical
Ruchang Mining
QingDao Lnt
HiMedia Laboratories
Key Questions Addressed in this Report
What is the 10-year outlook for the global Mercaptoacetic Acid market?
What factors are driving Mercaptoacetic Acid market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Mercaptoacetic Acid market opportunities vary by end market size?
How does Mercaptoacetic Acid break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?