Report ID: UCMIG15E2551
Report ID:
UCMIG15E2551 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Alpha Hydroxy Acid (AHA) Market displayed substantial progress in 2021, surpassing a value of USD 1.2 billion. Projections indicate that the market will maintain a robust growth trajectory, with an anticipated compound annual growth rate (CAGR) exceeding 8.5% from 2022 to 2028. The ascending trend in the utilization of alpha hydroxy acid in hair care products is set to be a pivotal driver for global market expansion during the forecast period. As consumers increasingly seek innovative and effective solutions for hair care, AHAs are poised to play a pivotal role in this sector, thereby contributing significantly to the overall growth of the AHA market in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15E2551