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Mandelic Acid Market Share

Report ID: GMI712
Published Date: May 2021
Report Format: PDF

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Mandelic Acid Market Share

Mandelic acid industry is competitive and includes various market players such as

Hanhong Group
Evonik Industries AG
BASF SE
Sigma Aldrich
Alfa Aesar
Clearsynth
Biosynth Carbosynth
Santa Cruz Biotechnology

Companies are engaged in strategic merger and acquisitions to expand distribution network and production capacity.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Mandelic acid market size had surpassed USD 195 million in 2020 and will register a CAGR of 13.5% through 2027 owing to increasing product demand from pharmaceutical industry for drug synthesis.

DL mandelic acid surpassed USD 90 million in 2020 on account of increasing demand as a preservative in cosmetic products owing to its superior antibacterial property.

Pharmaceutical application segment will register a valuation of over USD 255 million by 2027 due to increasing demand for mandelic acid a precursor during drug synthesis process in pharmaceutical industry.

North America will surpass USD 125 million by 2027 from increasing product demand driven by the significant expansion of pharmaceutical industry in the region.