Thioglycolate Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Thioglycolate Market is segmented By Product (Ammonium Thioglycolate, Calcium Thioglycolate, Sodium Thioglycolate, Butyl Thioglycolate, Potassium Thio....
Thioglycolate Market Size
Market Size in USD
CAGR5.3%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 5.3% |
| Market Concentration | High |
| Major Players | Triveni Chemicals, Haihang Industry Co. Ltd., Neostar United Industrial Co. Ltd., Alpha Chemika, American International Chemical Inc. |
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Thioglycolate Market Analysis
The Global Thioglycolate Market is estimated to be valued at USD 119.1 Mn in 2024 and is expected to reach USD 170.5 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The Thioglycolate Market has been witnessing positive trends in the past few years due to growing demand from End-use industries such as cosmetics & personal care, pharmaceuticals among others. Thioglycolate is massively used in hair relaxers and permanent waves which have been gaining popularity. Also, growing applications of thioglycolate as a stabilizer and processing aid in the pharmaceutical industry for manufacturing of tablets and capsules is favoring market growth. Increasing usage of thioglycolate as a developing agent and solvent in the photographic market is another factor contributing to the sales of thioglycolate.