Mandelic Acid Market Analysis

Mandelic Acid Market Analysis

DL mandelic acid surpassed USD 90 million in 2020 and should witness significant gains in the projected period. DL mandelic acid is used in cosmetic products as preservative owing to its antibacterial property which enhances the shelf life of the product. the product is used in personal care products as preservative to prevent it from bacterial damage.

Furthermore, DL product type offers benefits of skin exfoliation which enhances its application in cosmetic industry. The product is used in chemical face peels and stimulates growth of new cells which should boost product demand for cosmetic manufacturing. Increasing consumer inclination towards wellness, hygiene and external beauty is anticipated to boost product demand in turn mandelic acid market growth.
 

Pharmaceutical application should surpass USD 255 million by 2027. The product is used in pharmaceutical industry as precursor during drug synthesis process. The product is also used in synthesis of active pharmaceutical ingredient used to supress cough and used in eye drops for pupil dilate which should boost the mandelic acid market.
 

Also, the product is used in production of urotropine mandelic acid which is used in treatment of urinary tract infection should stimulate product demand from pharmaceutical industry. Increasing drug sales and growing pharmaceutical industry is anticipated to the accelerating the mandelic acid market growth.
 

North America should witness gains over USD 125 million by the end of 2027 owing to the growing pharmaceutical industry in the region. The product is used in synthesis of various active pharmaceutical ingredients including anti-inflammatory and antibacterial drugs. Rising advancements in active pharmaceutical drug manufacturing along with extensive investments in pharmaceutical industry is expected to be strengthening the mandelic acid market growth.