Glycolic Acid Price Trend and Forecast
Get comprehensive insights into the Glycolic Acid market, with a focused analysis of the Glycolic Acid price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.
Glycolic Acid Price Trend for Q1 of 2025
Asia
During the first quarter of 2025, prices of glycolic acid in Asia trended between stable to lower ranges, in line with the fluctuations in prices of its main feedstock, monochloroacetic acid. Upstream dynamics were largely stable with feedstock availability and production outputs. The absence of significant production disruptions helped keep prices steady. Export flows to regional customers, particularly in Southeast Asia, continued without major hindrance.
Glycolic Acid Price Chart
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However, market sentiment remained cautious due to weak offtake in key industrial segments. The cost relief from upstream feedstocks, combined with subdued demand across several downstream markets, exerted downward pressure on prices during the quarter. Although seasonal factors provided limited short-term support, the broader market trend remained soft, with any gains constrained by surplus supply and modest consumer interest across the region.
Europe
Glycolic acid prices in Europe followed a sustained weakening trend through the first quarter, mainly influenced by declines in upstream market prices. Production operations in the region remained stable, with no major supply-side disruptions. Price movements were restrained due to soft demand from various processing industries. Market participants adopted a cautious approach to inventory management, and downstream activity did not offer much support. Feedstock prices stayed low, and while there was brief optimism for a post-winter rebound, glycolic acid valuations remained subdued. The quarter ended with a supply-heavy environment, limited transaction volumes, and low trade confidence.
North America
In Q1 2025, glycolic acid prices in North America declined in line with trends in Asia and Europe, reflecting a general drop in upstream monochloroacetic acid prices. Local producers maintained steady production volumes, adjusting output in response to sluggish market activity. Feedstock prices, particularly for acetic acid derivatives, softened during the quarter, allowing for more competitive pricing. Despite this, downstream demand remained lackluster. Business sentiment in cosmetics and related industrial sectors stayed cautious. As a result, glycolic acid prices declined steadily through the quarter, driven by weak market fundamentals and reduced upstream support.
Analyst Insight
According to Procurement Resource, the glycolic acid price curve is expected to display similar movements in the near future primarily influenced by the stable demand from cosmetics and specialty chemicals.
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Glycolic acid is a key industrial chemical widely used in cosmetics, textiles, and biodegradable polymers. Produced primarily from chemical feedstocks like chloroacetic acid or formaldehyde, it also has emerging bio-based routes using sugars or glycerol. Its small molecular size and high solubility make it effective in formulations for cleaning agents, leather processing, and chemical peels. Industrial interest is growing due to its biodegradability and performance, driving research into greener, cost-effective production methods for sustainable manufacturing.
Report Features | Details |
Product Name | Glycolic Acid |
Chemical Formula | C2H4O3 |
Molecular Weight | 76.05 g/mol |
Synonyms | 2-Hydroxyacetic acid, hydroxyacetic acid, Hydroxyethanoic acid |
CAS number | 79-14-1 |
HS Code | 29181990 |
Supplier Database | China Petrochemical Corporation (Sinopec Corp.), (China), The Chemours Company (U.S.), CABB Group (Germany), Saanvi Corp (India), Parchem Fine & Specialty Chemicals (U.S.), Water Chemical Co., Ltd (China) |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Glycolic acid has diverse industrial applications across multiple sectors. In textiles, it improves dyeing and finishing processes. In metal treatment, it acts as a descaler and rust remover. The oil and gas industry uses it in well stimulation fluids. In leather processing, it aids in tanning and dye penetration. In skincare and cosmetics, it is valued for exfoliation and anti-aging effects. In the pharmaceutical industry, glycolic acid is used in drug formulations and as a monomer in bioresorbable polymers.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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