About Mandelic Acid
Mandelic acid is basically a AHAs or alpha hydroxy acids. It is a compound of polar organic solvents, crystalline solids, and water. Because of its excellent AHAs nature it has vast medical and industrial applications. It is also characterised by its high molecular weight compared to glycolic and lactic acid. There are majorly 3 types of Mandelic acid which are DL type, D type, L type and others. Mandelic Acid is said to have excellent effect on skin repair, thus it is extensively used as peeler as well as main ingredient in other cosmetic products. Although, certain side effects associated with medical application of mandelic acid may act as holding or limiting factor for the growth of the mandelic acid market. Geographically, Asia Pacific is expected to emerge as major market over the coming decade.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 13.4% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Mandelic Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Dow Chemical Company (United States), Evonik Industries AG (Germany), Wuhan Runder Pharmda Technology Co., Ltd. (China), Shenzhen Xinhetai Science & Technology Co., Ltd. (China), Lupin Ltd. (India), RL Chemical Industries Pvt. Ltd. (India), Precious Electro Chemindus Pvt. Ltd. (India), Chembiotek Research International Pvt. Ltd. (India) and Jiangxi Keyuan Biopharm Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hebei Smart Chemicals Co., Ltd. (China), TNJ Chemical Industry Co.,Ltd. (China) and Alkali Metals Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Mandelic Acid market by Type (DL Type, L Type, D Type and Others), Application (API Synthesis, Dye Intermediate and Others) and Region.
On the basis of geography, the market of Mandelic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Mandelic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Cosmetics will boost the Mandelic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cosmetics and Pharmaceuticals are one of the Fastest Growing Segment
Market Growth Drivers:
Growth in End User Industries and Increase in Disposable Income
Challenges:
Competition among Local and Global Players
Restraints:
Side Effects Associated with Medical Application of Mandelic Acid
Opportunities:
Increasing Market of Personal Care Products in Developing Countries
Market Leaders and their expansionary development strategies
In 2020, Kosas, an American Skin Care Company has announced launch of its new product AHA Deodorant Serum which is designed differently from traiditonal deodrants, which not only stops bad smell but also improves any bumbps. The product is said to be developed with help of mandelic acid, lactic acid and shikimic acid.
Key Target Audience
Mandelic acid Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.