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Thioglycolate Market Size
- Report ID: GMI6492
- Published Date: Aug 2023
- Report Format: PDF
Thioglycolate Market Size
Thioglycolate Market size was valued at around USD 112 million in 2022 and is projected to register a CAGR of 3.2% between 2023 and 2032. Thioglycolates are commonly used in depilatory creams and lotions, providing an effective method for temporary hair removal. In the haircare industry, thioglycolates are used in hair straightening and perming formulations, allowing for the alteration of hair structure.
Thioglycolates serve as reagents in various chemical reactions, including thiolation and thioesterification, contributing to the synthesis of diverse compounds. Thioglycolates are used as thiol derivatives in chemical processes, enabling the modification of molecular structures.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Thioglycolate Market Size in 2022: | USD 112 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.2% |
| 2032 Value Projection: | USD 154.1 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Raw Material, Function, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Chemical regulations and safety standards are stringent in many regions. Ensuring compliance with these regulations and addressing safety concerns related to the handling and usage of thioglycolates can be challenging. The chemical synthesis of thioglycolates can involve the use of reagents and processes that have environmental impacts. Some thioglycolates can be toxic or harmful to health if not handled properly. Thus, the risks associated with thioglycolate may drive down the acceptance rate, further hampering the business growth.
Frequently Asked Questions (FAQ) :
Thioglycolate Market Scope
