As per Technavio, the Global Glycolic Acid Market will see an increase of USD 186.6 million between 2023 and 2028, at a CAGR of 8.77%. Glycolic acid, an alpha-hydroxy acid (AHA), is colorless, odorless, and alcohol-soluble. It is synthesized from the oxidation of ethylene glycol by microorganisms. This versatile acid finds use in textile dyeing, food processing, and personal care products. Growing demand from the cosmetics sector, the polyglycolic acid industry, and the oil and refining industries are fueling market growth.

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