Global Thioglycolate Market Size, Trends, By Type (Ammonium Thioglycolate, Calcium Thioglycolate, Sodium Thioglycolate, and Others), By Application (Cosmetics & Hair Care, Pharmaceuticals, Chemical Intermediate, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Thioglycolate Market
The Global Thioglycolate Market was valued at US$ 97.54 Mn in 2022, estimated to reach US$ 140.35 Mn by 2030, with a CAGR of 4.59% from 2023-2030.
Thioglycolate, also known as mercaptoacetate, is a clear, colorless liquid with a pungent odor and is commonly used in the production of cosmetic and personal care products, as well as in the chemical industry. Thioglycolate is widely used in hair removal products as it helps to break down disulfide bonds in hair keratin, making it easier to remove. It is also used in the production of polymers, plastics, and inorganic chemicals. Thioglycolate is highly reactive and can be corrosive, so it is important to handle it with care.
Market Drivers
The global thioglycolate market is primarily driven by the growing demand for thioglycolate in various end-use industries such as cosmetics and personal care, chemical processing, and textiles. Thioglycolate is used as a reducing agent, a stabilizer, and a softening agent in various applications. In the cosmetics and personal care industry, thioglycolate is used in hair removal products, shampoos, and other hair care products. Moreover, the growing demand for textiles and apparel is also driving the demand for thioglycolate as it is used in the textile industry as a reducing agent and a dyeing agent.
Market Restraints
One of the major challenges faced by the global market for thioglycolate is the toxicity and harm to human health if not handled properly. As a result, regulatory bodies have imposed strict regulations on the use and disposal of thioglycolate. These regulations may increase compliance costs and restrict the use of thioglycolate in some applications. Additionally, the availability of alternatives which are more economical and less toxic may also restrain the growth of the thioglycolate market.
Market Segmentation
The scope of the global thioglycolate market covers segmentation based on type, application, and region.
Based on type, the market can be segmented into Ammonium Thioglycolate, Calcium Thioglycolate, Sodium Thioglycolate, and others. On the basis of application, the market can be segmented into cosmetics & hair care, pharmaceuticals, chemical intermediate, and others.
Regional Analysis
The global thioglycolate market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
It is expected that the Asia-Pacific region, particularly China, will witness fast growth in the thioglycolate market. This can be attributed to the increasing demand for personal care and cosmetic products, as well as the growing textile and leather industries in the region. Moreover, the presence of a large number of key players in the region, as well as favorable government policies promoting industrial growth, is expected to further drive the growth of the thioglycolate market in the Asia-Pacific region.
Key Players
American International Chemical Inc, Alpha Chemika, ICC Chemical Corporation, Triveni Chemicals, Advanced Technology & Industrial Co Ltd, CellMark Chemicals, Alfa Aesar, AN Pharma Tech Co Ltd, Neostar United Industrial Co Ltd, Tokyo Chemical Industry Co Ltd, etc.
Market Taxonomy
By Type
• Ammonium Thioglycolate
• Calcium Thioglycolate
• Sodium Thioglycolate
• Others
By Application
• Cosmetics & Hair Care
• Pharmaceuticals
• Chemical Intermediate
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Thioglycolate Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Thioglycolate Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Thioglycolate Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Thioglycolate Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Thioglycolate Market Share Analysis, By Type
5.3 Global Thioglycolate Market Size and Forecast, By Type
5.3.1 Ammonium Thioglycolate
5.3.2 Calcium Thioglycolate
5.3.3 Sodium Thioglycolate
5.3.4 Others
6 Global Thioglycolate Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Thioglycolate Market Share Analysis, By Application
6.3 Global Thioglycolate Market Size and Forecast, By Application
6.3.1 Cosmetics & Hair Care
6.3.2 Pharmaceuticals
6.3.3 Chemical Intermediate
6.3.4 Others
7 Global Thioglycolate Market, By Region
7.1 Global Thioglycolate Market Share Analysis, By Region
7.2 Global Thioglycolate Market Size and Forecast, By Region
7.3 Global Thioglycolate Market Trends and Forecast, By Region
8 North America Thioglycolate Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Thioglycolate Market Share Analysis, By Type
8.3 North America Thioglycolate Market Size and Forecast, By Application
8.4 North America Thioglycolate Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Type
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Type
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Type
8.4.3.2 Market Size and Forecast, By Application
9 Europe Thioglycolate Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Thioglycolate Market Share Analysis, By Type
9.3 Europe Thioglycolate Market Size and Forecast, By Application
9.4 Europe Thioglycolate Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Type
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Type
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Type
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Type
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Type
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Type
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Type
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Thioglycolate Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Thioglycolate Market Share Analysis, By Type
10.3 Asia Pacific Thioglycolate Market Size and Forecast, By Application
10.4 Asia Pacific Thioglycolate Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Type
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Type
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Type
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Type
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Type
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Type
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Type
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Type
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia
10.4.9.1 Market Size and Forecast, By Type
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Thioglycolate Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Thioglycolate Market Share Analysis, By Type
11.3 Latin America Thioglycolate Market Size and Forecast, By Application
11.4 Latin America Thioglycolate Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Type
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Type
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Type
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Type
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Type
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Type
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Type
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Thioglycolate Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Thioglycolate Market Share Analysis, By Type
12.3 Middle East Thioglycolate Market Size and Forecast, By Application
12.4 Middle East Thioglycolate Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Type
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Type
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Type
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Type
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Type
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest of Middle East & Africa
12.4.6.1 Market Size and Forecast, By Type
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 American International Chemical Inc
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Alpha Chemika
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 ICC Chemical Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Triveni Chemicals
14.4.1 Overview
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Advanced Technology & Industrial Co Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 CellMark Chemicals
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Alfa Aesar
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 AN Pharma Tech Co Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Neostar United Industrial Co Ltd
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Tokyo Chemical Industry Co Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
