Thioglycolic Acid Market, By Grade (High Purity Grade, Low Purity Grade, Technical Grade), By Application (Cosmetics, Oil and Gas, Plastic and Polymer Chemicals, Leather Processing, Cleaning Agents, Others)By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Sep 2023

Code : CMI5116

Pages :110

Formats :

Excel and PDF

Industry : Advanced Materials

Market Challenges And Opportunities

Global Thioglycolic Acid Market - Restraints

Thioglycolic acid can cause severe burns and chemical injuries

Thioglycolic acid can cause severe burns and chemical injuries when it comes into contact with the skin, eye, digestive, or respiratory tracts. It is corrosive and can even induce systemic toxicity. Thioglycolic acid is a contact irritant or corrosive substance for the eyes, skin, and mucous membranes. It is known to cause severe skin burns and eye damage. The European Chemical Agency (ECHA) recommends to labelling it with the H314 risk phrase. The various side effects and health hazards associated with the use of thioglycolic acid are expected to restrain market growth during the forecast period.

Thioglycolic acid is used in the production of various pharmaceuticals: Thioglycolic acid is used in the production of various pharmaceuticals, including antibiotics and anticancer drugs. The growing demand for these products is expected to drive the growth of the thioglycolic acid market.

Rising demand for hair removal products : Thioglycolic acid is a key ingredient in hair removal products such as depilatory creams. The increasing demand for these products is expected to drive the growth of the thioglycolic acid market.