Mandelic acid is an aromatic alpha hydroxy acid (AHA) with the molecular formula C6H5CHCO2H. It is a beneficial precursor to several drugs. Mandelic acid is also utilized to exfoliate the skin. It's utilized to cure acne, hyperpigmentation, and aging skin.
According to the report analysis, ‘Global Mandelic Acid Market, 2021-2027’ states that BASF SE, Evonik Industries AG, Jiangxi Keyuan Biological Co., Ltd., Nanchang Xinggan Sci-tech Industrial Co., Ltd., Shijiazhuang Hanhong Chemical Co., Ltd., among others are the foremost entities which presently operating in the global mandelic acid market more actively for ruling around the globe, obtaining the competitive edge, registering the highest value of market share, keep maintaining the governing position, generating the highest percentage of revenue, and leading the highest market growth by spreading the awareness connected to the applications and advantages of mandelic acid, implementing the policies and strategies of expansion, increasing the features and benefits of mandelic acid, improving the qualitative and quantitative measures of such, analysing the strategies and policies of government as well as contenders, establishing the several research and development programs and delivering the better customer satisfaction.
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Mandelic acid advances the appearance of skin, as it possesses antibacterial and antimicrobial properties. It encounters consumer requirement for personal care products, as it supports in the removal of dead skin, repairing of damaged skin, treating freckles, and improving an anti-aging approach. Thus, growth in consumer requirement for personal care products is boosting the need for mandelic acid.
Mandelic acid is utilized as one of the foremost raw materials in dye and pigment manufacturing in the textile industry. Growth in production and distribution of textiles is boosting the requirement for mandelic acid. Mandelic acid is utilized in the production of fine chemical reagents, which are utilized in several industries comprising electronics throughout the manufacturing procedure. The effective augment in advancement of electronic products is propelling the ‘Global Mandelic Acid Market’.
Increasing consumer concern in personal care is growing the requirement for mandelic acid. This is one of the aspects that propel the requirement for mandelic acid during the review period.
Region wise, the requirement for the North America mandelic acid market is projected to develop due to an augment in the aging tendency of human and associated EPA's approval to utilize it as a drug and cream ingredient. The growth in drug shedding and the popularity of pharmaceutical products are predicted to favor the Europe mandelic acid market.
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Not only has this, requirement for mandelic acid is projected to rise in North America owing to augment in advancements in the pharmaceuticals & drug manufacturing industry. Implementation of personal care products due to growing consumer concern about hygiene, skincare, and hair care is estimated to boost the mandelic acid market in Europe. Dye intermediates utilized in the textile industry entails mandelic acid. Hence, enlargement of the textile industry in Asia Pacific is projected to propel the market in the region. Therefore, it is predicted that during the near future the market of mandelic acid will increase around the globe more efficiently over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications