The global mandelic acid market is anticipated to grow at a CAGR of around 13.7% during the forecast period 2021 to 2028 and to reach around US$ 543.0 Mn by 2028.
Report coverage
| Market |
Mandelic Acid Market |
| Analysis Period |
2017 - 2028 |
| Base Year |
2020 |
| Forecast Data |
2021 - 2028 |
| Segments Covered |
By Type, By Application, By Industry Vertical, and By Region |
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Runder Pharmda, BIOTEC, Xingtai Science and Technology, Smart Chemicals, BASF, R.L. Chemicals, TNJ, Keyuan Biopharma, Shengyu Chemical, Hanhong Chemicals, BIOTEC, and Xinhetai Science and Technology |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Market Dynamics
Rising awareness among consumer related to skin treatment, increasing consumer spending on beauty products and increasing demand from pharmaceutical sector in products as antimicrobial are major factors expected to drive the growth of global mandelic acid market. Consumer spending on beauty products is increasing with the changing year. Their approach towards soft facial skin is attracting cosmetic manufacturers in the region. People are exploring new limits to achieve the looks they desire and taking action to improve their appearance with procedures such as plastic surgery and fillers. According to U.S. Census and Simmons National Consumer Survey average American spends $322.88 on skincare per year. The projected lifetime spending of US$15,000 breaks down to nearly 46.5 years of dedicated skincare shopping.
Flourishing pharmaceutical sector in developed and developing countries, increasing investment by major players for development of new drugs and introduction of new products are factors expected to augment the target market growth.
In 2018, The Ordinary, a global skin care product provider launched a new product with mandelic acid. The product is expected to help skin by accelerating cell turnover, which in turn improves the overall texture and tone of skin. The product launch helped the company to enhance the business and increase the revenue share.
In 2016, For Beloved One, a skin care product company launched new product “One Mandelic Acid Renewal Toner”. The product helped consumers deep cleanse the skin, reduce pore size and eliminate acne scars, resulting in a smooth and even finish. The product launch helped the company in enhancing the product portfolio and increases the customer base.
In 2019, Neutrogena, a global skin care product manufacturer launched “Bright Boost Collection”. The new product features other efficacious ingredients such as Mandelic Acid and Glycolic Acid that aid to brighten the skin. The product launch is expected to enhance the business and increase revenue.
Rising demand for mandelic acid from chemical and textile industry is expected to support the growth of target market. Factors such as stringent government regulations and high cost associated to R&D activities are expected to hamper the growth of global mandelic acid market. In addition, fluctuating raw material prices is expected to challenge the growth of target market. However, increasing investment by major players for R&D activities, rising drug demand and new product launches are factors expected to create new opportunities for players operating in the mandelic acid market over the forecast period. In addition, increasing partnership and agreements between public & private players for R&D is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in Asia Pacific is expected to witness faster growth in the target market due to chancing government regulations. With the high spending capacity among consumers and rising awareness related to skin care is expected to increase demand for facial skin care products. Government of developing countries is focused on strengthening the regional manufacturing capabilities.
Their approach towards providing encouraging business policies and favorable regulations is gaining traction. These efforts are resulting in emergence of mid-size enterprises with innovative solutions. These factors are expected to impact the growth of regional market. Major player’s inclination towards developing countries due to easy availability of raw material and low cost labor. In addition, focus towards strategic partnerships in order to track the untapped market is expected to augment the regional market growth.
Competitive Landscape
The global mandelic acid market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Mandelic Acid Market Segment Analysis, 2020
The global mandelic acid market is segmented into type, application, and end use. The type segment is divided into DL Type, L Type, D Type, and others.
Among type the DL Type segment is expected to account for noticeable revenue share in the global mandelic acid market. The end use segment is bifurcated into chemical & petrochemical, cosmetics, food & beverages, healthcare, and others. Among end use the cosmetics segment is expected to account for significant revenue share in target segment. Players operating in the global mandelic acid market are Runder Pharmda, BIOTEC, Xingtai Science and Technology, Smart Chemicals, BASF, R.L. Chemicals, TNJ, Keyuan Biopharma, Shengyu Chemical, Hanhong Chemicals, BIOTEC, and Xinhetai Science and Technology.
Market Segmentation
Market By Type
DL Type
L Type
D Type
Others
Market By Application
API Synthesis
Dye Intermediate
Others
Market By Industry Vertical
Chemical & Petrochemical
Cosmetics
Food & Beverages
Healthcare
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Mandelic Acid
1.1. Definition and Scope
1.1.1. Definition of Mandelic Acid
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Mandelic Acid Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Mandelic Acid Market By Type
1.2.3. Mandelic Acid Market By Application
1.2.4. Mandelic Acid Market By End Use
1.2.5. Mandelic Acid Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Mandelic Acid Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Mandelic Acid Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2020
4.2. R&D Status and Application Source of Mandelic Acid Major Manufacturers in 2020
CHAPTER 5. Mandelic Acid Market By Type
5.1. Introduction
5.2. Mandelic Acid Revenue By Type
5.2.1. Mandelic Acid Revenue (US$ Mn) and Forecast, By Type, 2017-2028
5.2.2. DL Type
5.2.2.1. DL Type Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3. L Type
5.2.3.1. L Type Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.4. D Type
5.2.4.1. D Type Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6. Mandelic Acid Market Revenue By Application
6.1. Introduction
6.2. Mandelic Acid Revenue (US$ Mn) By Application
6.2.1. Mandelic Acid Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
6.2.2. API Synthesis
6.2.2.1. API Synthesis Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3. Dye Intermediate
6.2.3.1. Dye Intermediate Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.4. Others
6.2.4.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7. Mandelic Acid Market By End Use
7.1. Introduction
7.2. Mandelic Acid Revenue (US$ Mn) By End Use
7.2.1. Mandelic Acid Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
7.2.2. Chemical & Petrochemical
7.2.2.1. Chemical & Petrochemical Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.3. Cosmetics
7.2.3.1. Cosmetics Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.4. Food & Beverages
7.2.4.1. Food & Beverages Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.5. Healthcare
7.2.5.1. Healthcare Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.2.6. Others
7.2.6.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 8. North America Mandelic Acid Market By Country
8.1. North America Mandelic Acid Overview
8.2. U.S.
8.2.1. U.S. Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.2.2. U.S. Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.2.3. U.S. Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.3. Canada
8.3.1. Canada Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
8.3.2. Canada Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
8.3.3. Canada Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
8.4. North America PEST Analysis
CHAPTER 9. Europe Mandelic Acid Market By Country
9.1. Europe Mandelic Acid Market Overview
9.2. U.K.
9.2.1. U.K. Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
9.2.2. U.K. Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.2.3. U.K. Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
9.3. Germany
9.3.1. Germany Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
9.3.2. Germany Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.3.3. Germany Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
9.4. France
9.4.1. France Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
9.4.2. France Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.4.3. France Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
9.5. Spain
9.5.1. Spain Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
9.5.2. Spain Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.5.3. Spain Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
9.6. Rest of Europe
9.6.1. Rest of Europe Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017-2028
9.6.2. Rest of Europe Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.6.3. Rest of Europe Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017-2028
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Mandelic Acid Market By Country
10.1. Asia Pacific Mandelic Acid Market Overview
10.2. China
10.2.1. China Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.2.2. China Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.2.3. China Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.3. Japan
10.3.1. Japan Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.3.2. Japan Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.3.3. Japan Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.4. India
10.4.1. India Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.4.2. India Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.4.3. India Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.5. Australia
10.5.1. Australia Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.5.2. Australia Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.5.3. Australia Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.6. South Korea
10.6.1. South Korea Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.6.2. South Korea Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.6.3. South Korea Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
10.7.2. Rest of Asia-Pacific Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
10.7.3. Rest of Asia-Pacific Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Mandelic Acid Market By Country
11.1. Latin America Mandelic Acid Market Overview
11.2. Brazil
11.2.1. Brazil Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.2.2. Brazil Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.2.3. Brazil Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
11.3. Mexico
11.3.1. Mexico Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.3.2. Mexico Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.3.3. Mexico Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
11.4. Rest of Latin America
11.4.1. Rest of Latin America Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
11.4.2. Rest of Latin America Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
CHAPTER 12. Middle East & Africa Mandelic Acid Market By Country
12.1. Middle East & Africa Mandelic Acid Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
12.2.2. Saudi Arabia Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.2.3. Saudi Arabia Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
12.3. UAE
12.3.1. UAE Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
12.3.2. UAE Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.3.3. UAE Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Mandelic Acid Market Revenue (US$ Mn) and Forecast By Type, 2017 - 2028
12.4.2. Rest of Middle East & Africa Mandelic Acid Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.4.3. Rest of Middle East & Africa Mandelic Acid Market Revenue (US$ Mn) and Forecast By End Use, 2017 - 2028
CHAPTER 13. PLAYER ANALYSIS OF MANDELIC ACID
13.1. Mandelic Acid Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Mandelic Acid Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Runder Pharmda
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Runder Pharmda h 2019 Mandelic Acid Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. BIOTEC
14.3. Xingtai Science and Technology
14.4. Smart Chemicals
14.5. BASF
14.6. R.L. Chemicals
14.7. TNJ
14.8. Keyuan Biopharma
14.9. Shengyu Chemical
14.10. Hanhong Chemicals
14.11. BIOTEC
14.12. Xinhetai Science and Technology
14.13. Others
