Global Mandelic Acid Market size worth above USD 480 million by 2027

According to a new research report by Global Market Insights Inc., the Mandelic Acid Market size is set to surpass USD  480 million by 2027.
 

Mandelic acid is an alpha hydroxy acid is an aromatic compound and an essential ingredient in medicine and cosmetic industry. The product is extracted from bitter almonds and is used as an antimicrobial and intermediate in pharmaceutical. It is a white crystalline solid and offers benefits of skin exfoliation owing to which it finds application in personal care products.

Increasing use of L mandelic acid as drug intermediate should augment market growth

Global mandelic acid market by L Mandelic acid witnessed a consumption of over 1105 tons in 2020, which is anticipated to exhibit over 15% gains by 2027, pertaining to increasing usage of product as preservative in pharmaceutical industry. L mandelic acid has antibacterial property which drives its application in manufacturing of medicines used for treatment of urinary tract infection. Also, it is used in production of oral antibiotics which should boost the mandelic acid market share from pharmaceutical industry.
 

Furthermore, the L mandelic acid is used in preserving hair treatment agents owing to its ability to offer protection against micro-organisms. The product finds extensive usage as precursor to various active pharmaceutical ingredients for manufacturing of medicines. Continuous improvement in drug development and expanding manufacturing facilities represent growth opportunities for the market.
 

Browse key industry insights spread across 190 pages with 200 market data tables and 30  figures & charts from the report, “Global Mandelic Acid Market By Type (DL Mandelic Acid, L Mandelic Acid, D Mandelic Acid), By Application (Pharmaceutical {API Synthesis, Preservatives}, Personal Care & Cosmetics, Others), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mandelic-acid-market
 

Increasing product use in personal care & cosmetics products owing to its ability to improve skin appearance should stimulate the business growth

Personal care and cosmetics applications should exceed USD 185 million up to 2027. The product is widely used in personal care & cosmetics products owing to its ability to exfoliate and rejuvenate skin.  Also, the product is used before cosmetic surgeries to exfoliate the skin and remove the dead cells completely which should boost the mandelic acid market from cosmetic industry.
 

Furthermore, DL product type is used in rejuvenating photoaged skin, suppressing pigmentation and treating inflammatory non-cystic acne. In 2019, the global beauty and personal care market was estimated to be over USD 495 Billion which represents an opportunity for market growth. Increasing consumer adoption for personalized cosmetic and personal care products should trigger the mandelic acid market growth.
 

“As per industry forecasts, personal care & cosmetics applications should register gains over 17.5% by 2027, pertaining to rise in usage of cosmetic products among men”
 

Increasing usage of product for dye and pigment production should drive product demand in Asia Pacific

Asia Pacific should exceed USD 165 million up to 2027 and is projected to achieve substantial growth in the forecasted period. Growing textile industry and abundance availability of natural resources and manpower enables the production of high-quality textiles at low prices. The product is used as dye intermediate in dye and pigment production used in textile industry for fabric dyeing.
 

Expansion of textile sector in the region shows healthy growth opportunities for market growth owing to its use for dye and pigment production which should boost product demand. Changing fashion trends and consumption pattern is driving textile demand for apparel manufacturing and is expected to drive the mandelic acid market demand.
 

“As per market estimates, Asia Pacific should register over 14.5% gains by 2027, pertaining to increasing use of product for dye and pigment production”
 

The global mandelic acid industry share is competitive and comprises various companies such as Hanhong Group, Evonik Industries AG, BASF SE, Sigma Aldrich, Alfa Aesar, Clearsynth, Biosynth Carbosynth, Santa Cruz Biotechnology. Companies are majorly focusing on business strategies such as mergers and acquisitions to expand their geographic distribution network and production capacity.