Top 5 Vendors in the Glycolic Acid Market From 2017 to 2021 | Technavio

LONDON–(BUSINESS WIRE)–#ResearchTechnavio
has announced the top five leading vendors in their recent global
glycolic acid market
report. This research report also lists
nine other prominent vendors that are expected to impact the market
during the forecast period.


Glycolic
acid
is used in various industries, such as personal care and
cosmetics; household applications; such as hard surface cleaners,
laundry sours; industrial uses such as concrete removal, oil and petrol
refining, dairy and food equipment cleaner, industrial chemical
manufacturing, and metal cleaning and finishing; and others such as
emulsion polymers, polyglycolic acid, and additives for inks and paints.
The demand from various applications has led to a significant growth of
the glycolic acid market globally.

Competitive vendor landscape

Major growth is from North America, followed by Europe and APAC. The
developing economies like China and India are the potential markets.
Developing economies will be experiencing significant growth in the
cosmetics and household cleaners market. Large investments are pouring
in to increase production capacities and set up manufacturing units,
which are estimated to cater to the growing demand in developing
economies during the forecast period.

“Major vendors have extended their reach in many regions to increase
their market shares. Domestic vendors are providing strong competition
to the international vendors with minimal product differentiation for a
share in the glycolic acid market. Meanwhile, international vendors
differentiate their products in terms of features, price, service, and
performance to gain a competitive edge over other vendors. Vendors are
focused on many end-users rather on applications,” says Mohd Shakeel
Iqbal, a lead specialty
chemicals
research analyst from Technavio.

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Top five glycolic acid market vendors

CrossChem LP

CrossChem LP is engaged in manufacturing products in versatile high
purity chemicals. Its wide range of products serves major industries,
such as personal care, aerospace, pharmaceutical, medical products,
electronic materials, oilfield chemical, and other purity sensitive. Its
major products include ethylene cyanohydrin, glycolic acid, sodium
glycolate, monosodium cyanurate and phenyl acetate.

Phibro Animal Health Corporation

Phibro Animal Health Corporation is engaged in manufacturing products
for food animals, including poultry, swine, beef and dairy cattle, and
aquaculture. The business is segmented into animal health, mineral
nutrition, and performance products. The wide range of products serves
diversified industries, such as animal husbandry, mineral nutrition,
paint, coating, metal finishing, personal care, industrial chemical, and
catalyst, and has customers in 60 countries.

SimcoQC

SimcoQC is engaged in manufacturing products in chemicals. Its wide
range of products serves major industries such as food, solvents,
chemicals, cleaning, soaps, automotive, print, paint, and water
treatment.

The Chemours Company

The Chemours Company is engaged in manufacturing products in performance
chemicals. The business is segmented into titanium technologies, fluoro
products, and chemical solutions. The company serves diversified
industries such as refrigeration, air conditioning, gold production, and
diversified industrial applications.

Zhonglan Industry Co

Zhonglan Industry is engaged in manufacturing chemicals products. It is
known for its purchase control system. A wide range of products serve
major industries, such as food and beverages, chemicals, cosmetics,
personal care, water treatment, household applications, metal cleaning
and finishing, laundry, industrial water and boiler system cleaners, and
pharmaceutical.

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