Report overview
Mercaptoacetic Acid, also known as thioglycolic acid (TGA) is a clear, combustible liquid which oxidizes in air to form disulfides and an unpleasant odor. Mercaptoacetic acid consists of thiol or mercaptan and carboxylic acid. Mercaptoacetic Acid was first developed in the early 1940s by Dr. Ralph Evans in Hoboken, New Jersey, as an active material for cold wave permanents. Mercaptoacetic acid or thioglycolic acid is primarily used in hair care products for straightening or waving hair and as depilatory (hair removal) chemical. Mercaptoacetic acid is also used as a chemical intermediate for mercaptan chemicals such as ammonium thioglycolate, sodium thioglycolate and calcium thioglycolate. Furthermore, mercaptoacetic acid is used for preparing thioglycolic broth as a media for microbiological cultures. Additionally, with emergence, awareness and popularity of fashion trends people are experimenting and using more hair care products such as hair removal chemicals, hair straightening and hair waving products. Mercaptoacetic acid is widely used for body hair removal by salons, beauty parlors, hospitals (for surgery) and households among others.
This report aims to provide a comprehensive presentation of the global market for Mercaptoacetic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mercaptoacetic Acid. This report contains market size and forecasts of Mercaptoacetic Acid in global, including the following market information:
Global Mercaptoacetic Acid Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Mercaptoacetic Acid Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Mercaptoacetic Acid companies in 2022 (%)
The global Mercaptoacetic Acid market was valued at US$ 296.3 million in 2022 and is projected to reach US$ 318.9 million by 2029, at a CAGR of 1.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Mercaptoacetic Acid key players include Arkema, Bruno Bock, Merck, Sasaki Chemical, Ever Flourish Chemical, etc. Global top five manufacturers hold a share about 80%. Europe is the largest market, with a share about 35%, followed by North America, with a share about 30 percent. In terms of product, High Purity Grade (?99%) is the largest segment, with a share about 65%. And in terms of application, the largest application is Hair Careand & Cosmetic Product, followed by Chemical Intermediate, Pharmaceuticals, etc.
We surveyed the Mercaptoacetic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Mercaptoacetic Acid Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Mercaptoacetic Acid Market Segment Percentages, by Type, 2022 (%)
High Purity Grade ( Above 99%)
Technical Grade ( 80%-99%)
Low Purity Grade ( Below 80%)
Global Mercaptoacetic Acid Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Mercaptoacetic Acid Market Segment Percentages, by Application, 2022 (%)
Hair Careand & Cosmetic Product
Chemical Intermediate
Pharmaceuticals
Others
Global Mercaptoacetic Acid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Mercaptoacetic Acid Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Mercaptoacetic Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Mercaptoacetic Acid revenues share in global market, 2022 (%)
Key companies Mercaptoacetic Acid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Mercaptoacetic Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Arkema
Bruno Bock
Merck
Sasaki Chemical
Daicel
Ever Flourish Chemical
Swan Chemical
Ruchang Mining
QingDao Lnt
HiMedia Laboratories
Outline of Major Chapters:
Chapter 1: Introduces the definition of Mercaptoacetic Acid, market overview.
Chapter 2: Global Mercaptoacetic Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Mercaptoacetic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Mercaptoacetic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Mercaptoacetic Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
