Global Thioglycolic Acid
Market Report
2025
The global Thioglycolic Acid market was valued at USD 103.5 million in 2022 and is projected to reach USD 138.4 million by 2030, registering a CAGR of 3.7 % for the forecast period 2023-2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Thioglycolic Acid market was valued at USD 103.5 million in 2022 and is projected to reach USD 138.4 million by 2030, registering a CAGR of 3.7 % for the forecast period 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Thioglycolic Acid Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 3.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Grade |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Thioglycolic Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
According to the New Jersey Department of Health and Senior Services, Thioglycolic Acid is a liquid which is completely colourless having an unpleasant odour (like rotten eggs). This acid is used in making pharmaceuticals, hair dressing solutions, and chemicals. It is also used in cosmetic formulations which includes depilatories and permanent wave solutions, in pharmaceutical manufacture, and also as a stabilizer for vinyl plastics as well. Several other names for thioglycolic acid include mercaptoacetic acid, thiovanic acid, thioglycollic acid, acetomercaptan, mercaptoacetate, 2-mercaptoacetic acid, and 2-thioglycolic acid. Thioglycolic acid also had its use in photography as a component of photographic fixing solutions.
Rising demand from gas and oil sector for flow stimulator and corrosion inhibitor is fuelling the demand for thioglycolic acid
Corrosion is one of the significant challenges in the oil and gas industry especially in equipment’s and pipelines exposed to harsh environments. Thioglycolic acid consists of a thiol group which have significant properties as a corrosion inhibitor. The thiol compounds are known for their capability to form a protective layer on the metal surfaces, slowing down the speed of corrosive substances, and preventing them from coming into contact with corrosive substances. Thus, thioglycolic acid's application in corrosion inhibition is mitigating or suppressing the corrosion process of metals in several different fields, spanning from industrial sectors to the construction materials. In the gas and oil sector, maintaining an optimal fluid flow is vital for efficient operations. Whereas, flow stimulators also have its use in improving the flow characteristics of crude oil and various other fluids through the pipelines, particularly in cases where the fluid may encounter flow challenges and may have higher viscosity. The abilities of properties of thioglycolic acid such as ability to interact with various molecules might make it useful as flow stimulator.
According to the New Jersey Department of Health and Senior Services, Thioglycolic Acid has several acute and chronic health effects. Exposure to thioglycolic acid can cause acute (short-term) health effects such as its contact can cause severe irritation and burn the eyes and skin with possible eye damage. In addition, breathing thioglycolic acid can irritate throat, lungs, and nose causing wheezing, coughing, and shortness of breath. The long-term effects caused by exposure to thioglycolic acid can occur after some time of exposure. Repeated contact can possibly cause a skin rash. If accidentally, thioglycolic acid gets swallowed, it can produce chemical burns within the gastrointestinal tract and oral cavity. The thioglycolate salts can possibly produce central nervous system depression, convulsions, decreased blood sugar levels, and labored breathing.
The outbreak of Covid-19 has witnessed a significant impact on Thioglycolic Acid market growth. The outbreak of Covid-19 has witnessed a significant impact on Thioglycolic Acid market growth. The global COVID-19 pandemic led to disruptions in the global supply chains due to the nationwide lockdown, restriction son transportation and movement, and shutdown of manufacturing facilities. Moreover, owing to the pandemic there has been also witnessed a shift in consumer behaviour. The thioglycolic acid also witnessed demand due to its antioxidant properties. Overall, the global Thioglycolic Acid market was moderately impacted by the pandemic.
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The major players operating in the market are Arkema, Bruno Bock Chemische Fabrik GmbH & Co. KG, Daicel Corporation, Ever Flourish Chemical, HiMedia Laboratories, Merck Millipore, Qingdao LNT Chemical Co., Ltd., Ruchang Mining, Sasaki Chemical, Swan Chemical, Thermo Fisher Scientific, Inc., and Tokyo Chemical Industry Co., Ltd.
The major players in the global Thioglycolic Acid Market focus on several different strategies such as bringing in new innovations and developments in the products, focuses on entering into mergers and acquisitions, collaborations and partnerships, investing significant amount in research and development activities, and many more.
June 2023
The Chemours Company, a significant chemistry company sold its Glycolic Acid business to PureTech Scientific Inc. With this acquisition, PureTech Scientific positioned itself to become a significant player in organic synthesis of ultra-high purity alpha hydroxy acids for specialty chemical industries and life sciences industry.
Top Companies Market Share in Thioglycolic Acid Industry: (In no particular order of Rank)
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The Thioglycolic Acid industry in the region of Asia Pacific is expected to grow with the fastest CAGR over the projected period, from 2023 to 2030. Asia Pacific is well known for its strong chemical manufacturing industry. Countries such as India, South Korea, China, and Japan are major producers and exporters of several chemicals including thioglycolic acid. These strong manufacturing capabilities allows them to meet both international and domestic demand for thioglycolic acid, contributing to its major revenue share in the global market. Moreover, the economic growth and rapid industrialization in various countries of Asia Pacific have resulted into increased demand for chemicals in various industries. Thus, thioglycolic acid finds its applications in different sectors such as cosmetics, agriculture, chemical synthesis, and many more, all of these have observed growth in the Asia Pacific due to industrial expansion. Therefore, the region of Asia Pacific is expected to dominate the global Thioglycolic Acid market during the forecast period.
The current report Scope analyzes Thioglycolic Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Thioglycolic Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Thioglycolic Acid Industry growth. Thioglycolic Acid market has been segmented with the help of its Grade, Application , and others. Thioglycolic Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The technical grade segment dominated the global Thioglycolic Acid market in 2022. The significant revenue share by the hydrolyzed Thioglycolic Acid segment can be attributed to several factors such as. its large volume applications, versatility, and cost-effectiveness. Technical grade thioglycolic acid is the lower purity form of this compound which is used for technical and industrial applications rather than for cosmetic or pharmaceutical purposes. The technical-grade thioglycolic acid has its applications in several different industries such as oil & gas, chemical manufacturing, and agriculture. Its potential ability to act as a chemical intermediate for synthesis of various mercapto compounds makes it an essential component in many industrial processes. Moreover, as compared to higher-purity grade used in personal care or pharmaceutical products, technical grade TGA is more cost-effective. Whereas, various industrial applications do not need the extreme purity required by the cosmetic or pharmaceutical industries, resulting into technical grade TGA being a preferred choice due to the lower cost.
Therefore, the technical grade segment is expected to continue to dominate the global Thioglycolic Acid market during the forecast period.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Thioglycolic Acid Market.
Some of the key Application of Thioglycolic Acid are:
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Thioglycolic Acid Market is witnessing significant growth in the near future.
In 2023, the Low Purity Grade segment accounted for noticeable share of global Thioglycolic Acid Market and is projected to experience significant growth in the near future.
The Cosmetics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Arkema, Merck and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Grade | Low Purity Grade, High Purity Grade, Technical Grade |
Application | Cosmetics, Oil & Gas, Polymerization, Fine Chemicals, Mining & metal treatment, Leather Processing, Others |
List of Competitors | Arkema, Bruno Bock, Merck, Sasaki Chemical, Daicel, Ever Flourish Chemical, Swan Chemical, Ruchang Mining, QingDao Lnt, HiMedia Laboratories |
This chapter will help you gain GLOBAL Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review Global Thioglycolic Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review North America Thioglycolic Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review Europe Thioglycolic Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review Asia Pacific Thioglycolic Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review South America Thioglycolic Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Thioglycolic Acid. Further deep in this chapter, you will be able to review Middle East and Africa Thioglycolic Acid Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Thioglycolic Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Grade Analysis 2019 -2031, will provide market size split by Grade. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Grade Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Thioglycolic Acid market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Low Purity Grade have a significant impact on Thioglycolic Acid market? |
What are the key factors affecting the Low Purity Grade and High Purity Grade of Thioglycolic Acid Market? |
What is the CAGR/Growth Rate of Cosmetics during the forecast period? |
By type, which segment accounted for largest share of the global Thioglycolic Acid Market? |
Which region is expected to dominate the global Thioglycolic Acid Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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