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.

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.