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Mandelic Acid Market Size
- Report ID: GMI712
- Published Date: May 2021
- Report Format: PDF
Mandelic Acid Market Size
Global Mandelic Acid Market size exceeded USD 195 million in 2020 and is estimated to grow at a CAGR of 13.5% between 2021 and 2027. Rising product demand from pharmaceutical industry for drug synthesis and increasing product application in various industries to drive the industry growth during the forecast period.
The product is an alpha hydroxyl acid which is derived from bitter almonds and is widely used as precursor to various pharmaceutical drugs. The compound is water soluble and has larger molecular weight that sits on the skin surface and enhances its application as skin exfoliator without skin irritation. The product includes ingredients that solve specific skin issues thereby improving overall skin texture and appearance.
The product has wide demand from cosmetic industry owing to its ability to treat skin problems such as acne and hyperpigmentation which should drive the mandelic acid market share. Moreover, the product is used as essential raw material in dye and pigment manufacturing which drives its application in textile industry. Furthermore, it is used in production of fine chemicals which has application in various industries including electronic industry during manufacturing process.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Mandelic Acid Market Size in 2020: | 197.03 (USD) Million |
| Forecast Period: | 2021 to 2027 |
| Historical Data for: | 2016 to 2027 |
| No. of Pages: | 199 |
| Tables, Charts & Figures: | 248 |
| Segments covered: | Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Mandelic Acid Market Scope
