Global Mandelic Acid Market

Mandelic Acid Market Size, Share, Growth Analysis, By Type(DL mandelic Acid, L Mandelic Acid, D Mandelic Acid), By Application(Pharmaceutical (API Synthesis, Preservative), Personal Care & Cosmetics, Others (Textile & Dye Intermediate), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2427 | Region: Global | Published Date: June, 2024
Pages: 184 | Tables: 65 | Figures: 75

Mandelic Acid Market Insights

Global Mandelic Acid Market size was valued at USD 218.7 million in 2022 and is poised to grow from USD 251.06 million in 2023 to USD 757.4 million by 2031, growing at a CAGR of 14.8% during the forecast period (2024-2031). 

Mandelic acid, obviously taking the place of alpha hydroxy acid (AHA), has observed a huge range of programs across numerous industries, contributing to its developing marketplace. In the cosmetic and skin care industry, it's miles prized for its mild exfoliating houses, making it an excellent element in products like chemical peels, serums, and anti-growing old formulations. Its capability to promote pores and skin renewal and enhance texture without inflicting excessive inflammation has made it popular among clients searching for powerful yet moderate skincare solutions.

Furthermore, mandelic acid's antimicrobial residences have brought about its use in prescription drugs and scientific packages. It is found within the remedy of diverse pores and skin conditions, which include zits, due to its antibacterial and anti-inflammatory outcomes. In addition, it has potential packages inside the remedy of urinary tract infections.

The marketplace for mandelic acid is also pushed by the developing demand for environmentally pleasant and sustainable merchandise. Mandelic acid is biodegradable, and its manufacturing typically includes inexperienced and sustainable tactics, aligning with the growing consumer choice for eco-aware merchandise.

However, it's important to observe that the mandelic acid market is exceedingly niche as compared to other AHAs like glycolic acid and lactic acid. Nevertheless, its precise homes and increasing programs in skincare, pharmaceuticals, and past maintain to gasoline its marketplace growth.

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Global Mandelic Acid Market size was valued at USD 218.7 million in 2022 and is poised to grow from USD 251.06 million in 2023 to USD 757.4 million by 2031, growing at a CAGR of 14.8% during the forecast period (2024-2031). 

The competitive landscape of the Mandelic acid marketplace changed into characterized by means of the presence of several key players vying for marketplace percentage. These companies have been primarily engaged in the production and distribution of Mandelic acid for various packages, consisting of skin care, cosmetics, pharmaceuticals, and chemical synthesis. Some of the distinguished gamers in this marketplace protected properly-installed chemical producers and suppliers like Clariant, Sigma-Aldrich (now part of MilliporeSigma, a department of Merck), Spectrum Chemicals, and others. These businesses compete based on elements which include product excellence, pricing, technological advancements, and worldwide distribution networks. Additionally, the marketplace also noticed the emergence of smaller, specialized manufacturers catering to niche segments of the Mandelic acid market, contributing to opposition and innovation within the enterprise. 'Clariant', 'Sigma-Aldrich (now part of MilliporeSigma, a division of Merck)', 'Spectrum Chemicals', 'Alfa Aesar (now part of Thermo Fisher Scientific)', 'Avantor', 'Synerzine', 'Guangzhou Tinci Materials Technology Co., Ltd.', 'Anhui Sunsing Chemicals Co., Ltd.', 'MP Biomedicals', 'Neostar United Industrial Co., Ltd.', 'Hangzhou DayangChem Co. Ltd.', 'Wuhan Waking Lion Chemicals Co., Ltd.', 'Haihang Industry Co., Ltd.', 'Shanghai Ruizheng Chemical Technology Co., Ltd.', 'Haihang Industry Co., Ltd.', 'Parchem Fine & Specialty Chemicals', 'Finetech Industry Limited', 'Toronto Research Chemicals', 'Pure Chemistry Scientific', 'Jiangsu Jurong Chemical Process Co., Ltd.'

Increasing Demand for Cosmetic and Skincare Products: Mandelic acid is utilized in skin care merchandise for its exfoliating and anti-growing older properties. The developing patron hobby in skin care and cosmetics, particularly in rising markets, was riding the demand for Mandelic acid.

Rising Demand in Skincare Products: One of the huge trends was the increasing use of Mandelic acid in skin care merchandise. Consumers had been turning into greater awareness in their pores and skin fitness, mainly to a developing call for products with exfoliating and anti-growing old homes. Mandelic acid, regarded for its gentle exfoliating characteristics, is being incorporated into diverse cleansers, serums, and lotions.

The biggest local market for the worldwide mandelic acid becomes North America, with the United States because the dominant United States of America in this vicinity. The United States had a sturdy call for Mandelic acid, more often than not pushed by using its significant pharmaceutical and beauty industries. Mandelic acid is regularly used in skincare products and chemical peels, making it an essential ingredient for those sectors.

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Global Mandelic Acid Market

Report ID: SQMIG15E2427

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