The global market for thiogylcolates is predicted to witness rapid growth over the next five years, according to a new report.
US market research firm Grand View Research predicts that demand will be driven by companies operating in the cosmetics and frozen foods markets.
Thioglycolates are often used in personal care products such as hair removal creams and heat protection sprays. Thioglycolate acid and its salts and esters modify hair fibers to facilitate changes to the structure of the fibers, such as with permanent waves or with hair straightening. They are also used to chemically break down hair fibers so that unwanted hair can be removed by simply wiping it from the skin.
Developing markets such as China, India, Brazil, Malaysia and Russia are projected to drive demand for thioglycolates such as ammonium thioglycolate, calcium thioglycolate, butyl thioglycolate, glyceryl thioglycolate, methyl thioglycolate, sodium thioglycolate, isopropyl thioglycolate and isooctyl thioglycolate.
Increasing cosmetics and frozen food manufacturers is also expected to positively influence the global thioglycolates market over the forecast period. Chocolate ingredients, cosmetics, frozen food additives and sodium reducing agents are a few notable thioglycolates applications.
Prominent companies in the global thioglycolates market include Triveni Chemicals, Haihang Industry Co. Ltd., Alpha Chemika, Neostar United Industrial Co. Ltd., American International Chemical Inc., CellMark Chemicals, ICC Chemical Corporation, AN Pharma Tech Co. Ltd, Advanced Technology & Industrial Co. Ltd. and Alfa Aesar.