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Mandelic Acid Market Size 2022 Trend and Opportunities, Market Share, Analysis

As per a report by Global Market Insights Inc., the global mandelic acid market size could cross USD 480 million in size through 2027.

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Mandelic Acid Market Size 2022 Trend and Opportunities, Market Share, Analysis

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  1. Mandelic Acid Market Size 2022 Trend and Opportunities, Market Share, Analysis 2027 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Mandelic Acid Market: • As per a report by Global Market Insights Inc., the global mandelic acid market size could cross USD 480 million in size through 2027. • Mandelic acid has witnessed considerable demand over time owing to increasing demand for skin exfoliating products and other personal care items and cosmetics. Improving disposable income along with the need for premium cosmetics and personal care products has driven developments in the cosmetic industry over time. In 2020, the European cosmetics and personal care industry was valued at USD 88.6 billion in terms of retail sales.

  3. Continued... • Mandelic acid is an alpha hydroxy acid (AHA) that improves the physiological effects of cosmetic product. The antibacterial and soluble characteristics of the chemical also supports its use in drugs and personal care products. • The product finds extensive use in preservatives and in pharmaceutical products as an anti-fungal and anti-bacterial agent to preserve the quality of products. Rising cases of chronic diseases and the need to offer targeted treatment have favored expansion in pharmaceuticals sector across the globe. In the year 2019, the total value of pharmaceutical sales in Canada was valued at USD 29.9 billion.

  4. Browse key industry insights spread across 199 pages with 248 market data tables & figures from the report, “Mandelic Acid Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/mandelic-acid-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/712

  5. Continued... • Mandelic acid market application segment includes dye and fine chemical reagent has registered commendable growth over the years due to the rising demand for dye in the burgeoning textile industry along with the use of fine chemical reagents in electronics. • D mandelic acid type has witnessed robust demand due to its use in the production of antibiotics and drugs such as penicillium and ephedrine. D mandelic acid is an integral component that is used as a raw material to pharmaceutical drugs and medicines that supports its use in the wide pharmaceutical sector.

  6. Continued... • High consumer spending in Europe along with growing inclination towards skincare, hygiene, and wellness will drive the regional demand for mandelic acid market. There is a huge demand for different types of haircare products in Europe supported by the presence of many leading market players. • Rising export of cosmetics along with a huge consumer shift towards cosmetic items to improve physical appearance will strengthen the demand for the product. The global mandelic acid market is fragmented with some of the leading players that are investing in R&D to improve the quality of the product and support its wide use. • For instance, in May 2019, Biosynth and Carbosynth announced their merger as an important step to emerge as a leading supplier of fine chemicals across the globe. This deal expanded the production and variety scope of mandelic acid to be used in various applications.

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