North American market for thioglycolates to skyrocket

By Deanna Utroske

- Last updated on GMT

North American market for thioglycolates to skyrocket

Related tags Transparency market research Cosmetics

The ingredient, central to hair removal products and useful in other personal care items, will be increasingly in demand through 2023, according to new data from Transparency Market Research.

North America will see the highest demand for thioglycolates, ahead of the Asia Pacific region and Europe, notes the firm in its online description of the new report: Thioglycolates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.

Formulaic growth 

Thioglycolates, the salts of Thioglycolic Acid are used in formulations that require a hair-softening agent, chiefly hair removal products. Transparency Market Research looks at the cluster of products that will affect market value. “Chemical depilatory is a cosmetic preparation used to remove unwanted hair from the human body. Apart from depilatories, it is also used in shaving creams, hair removing waxes, and facial moisturizers.”

Consumer demand for such products is forecast to increase and along with it, the thioglycolates market: “The growth in demand for these cosmetic products is likely to translate into higher demand for thioglycolates during the forecast period.”

Safety issues

It’s not all good news for companies producing and formulating with thioglycolates. Over exposure to the ingredient has been linked to health issues and regulations may limit how it’s used in the future. “In spite of the favorable outlook for thioglycolates in the global market, the market has to encounter several regulatory challenges in its path to growth,” ​attests Transparency Market Research. 

“Over exposure to ammonium thioglycolate has been reported to have negative repercussions on the human body. Allergy, skin irritation, and respiratory distress are some of the factors that restrain the market. However, the chemical is not found to be carcinogenic in nature,” ​explains the market intelligence company.  

Responsible methods

Ingredient exposure is being taken more seriously as more brands recognize that loyal consumers are in contact with a substantial amount of product over the course of a lifetime. Beyond this, the personal care industry at large contributes to ingredient exposure even when a given end user switches brands and products often.

Researchers recently set out to address this issue by building a database that would serve as a reference to product formulators. They began by creating a database of fragrance ingredients common in personal care. Read more on this project from Cosmetics Design here: New database helps formulators quantify long-term ingredient exposure​.

Who’s who

The chemical companies producing thioglycolates are well established. Transparency Market Research calls attention to some prominent players in its report, namely Alfa Aesar, Bruno Bock chemische Fabrik KG, Neostar United Industrial, CellMark Chemicals, American International Chemical, and ICC Chemical Corporation.

Details

The report takes a global perspective on the market and evaluates several regions: North America, the Asia Pacific, Europe, the Middle East and Africa, and Latin America. 

It also zooms in on trends, drivers, and challenges in the thioglycolates market as well as investigating new relevant technologies and giving a full analysis of the value chain.

Related news

Related products

show more

How Nutricosmetics Can Enhance Skin Beauty

How Nutricosmetics Can Enhance Skin Beauty

Content provided by Activ'Inside | 11-Dec-2023 | White Paper

In the ever-evolving realm of nutricosmetics, where inner wellness meets outer beauty, few natural ingredients have captured the spotlight quite like grapes.

Ultimate Antimicrobial Solution for BPC

Ultimate Antimicrobial Solution for BPC

Content provided by Acme-Hardesty Company | 11-Oct-2023 | White Paper

Sharomix™ EG10, a versatile broad-spectrum antimicrobial liquid blend for preserving personal care products, ensures safety at usage levels ranging from...

Acme-Hardesty Expands Product Line into Canada

Acme-Hardesty Expands Product Line into Canada

Content provided by Acme-Hardesty Company | 07-Jul-2023 | Product Brochure

Acme-Hardesty’s latest expansion into Canada includes Resplanta®, Botaneco®, and BYK from our partners Sharon Personal Care and Eckart Effect Pigments...

Create gentler, eco-friendly personal care

Create gentler, eco-friendly personal care

Content provided by Covation Bio™ PDO | 22-Jun-2023 | White Paper

Zemea® propanediol is a 100% plant-based humectant and solvent that’s easy on skin and the planet. This single, natural ingredient boosts moisturization...

Related suppliers