| Product Code: ETC5668577 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium saw continued import shipments of glycolic acid from top exporting countries like India, China, Metropolitan France, USA, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a slight negative compound annual growth rate (CAGR) from 2020-2024, there was a notable growth spike in 2024 with a 23.01% increase from the previous year. This suggests a dynamic market landscape for glycolic acid imports in Belgium, driven by key players in the industry.

Glycolic acid is in demand in Belgium due to its applications in the cosmetics and skincare industry. Its effectiveness as an exfoliant and its role in anti-aging products drive the market. Additionally, the growing trend towards self-care and personalized skincare solutions supports market expansion. However, the market is challenged by regulatory issues surrounding cosmetic ingredients and potential competition from alternative exfoliating agents.
The Belgium glycolic acid market experiences growth due to its widespread use in the cosmetic and personal care industry. The increasing consumer demand for anti-aging and skin rejuvenation products drives the use of glycolic acid in exfoliants and peels. Additionally, the rise in dermatological treatments and aesthetic procedures supports market expansion.
The Belgium glycolic acid market deals with issues related to raw material cost volatility and regulatory compliance. Glycolic acid production relies on specific chemical precursors whose prices can vary. The market is also under pressure to adhere to stringent environmental regulations regarding the production process and waste management. Additionally, competition from other chemical agents and emerging technologies presents ongoing challenges.
The Belgian government regulates the glycolic acid market through strict chemical safety and environmental regulations. Glycolic acid, used in various cosmetic and industrial applications, is subject to safety assessments and compliance with EU chemical regulations. Belgium`s focus on consumer safety and environmental protection influences the market, with regulations ensuring that glycolic acid products are safe for use and produced sustainably.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Glycolic Acid Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Glycolic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Glycolic Acid Market - Industry Life Cycle |
3.4 Belgium Glycolic Acid Market - Porter's Five Forces |
3.5 Belgium Glycolic Acid Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Belgium Glycolic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Glycolic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for skincare and cosmetic products containing glycolic acid |
4.2.2 Growing awareness about the benefits of glycolic acid in treating various skin conditions |
4.2.3 Rise in disposable income leading to higher spending on personal care products |
4.3 Market Restraints |
4.3.1 Stringent regulations related to the use of glycolic acid in cosmetic products |
4.3.2 Potential side effects and skin sensitivities associated with glycolic acid use |
4.3.3 Competition from alternative skincare ingredients impacting market growth |
5 Belgium Glycolic Acid Market Trends |
6 Belgium Glycolic Acid Market Segmentations |
6.1 Belgium Glycolic Acid Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Belgium Glycolic Acid Market Revenues & Volume, By Cosmetic, 2021-2031F |
6.1.3 Belgium Glycolic Acid Market Revenues & Volume, By Technical, 2021-2031F |
6.2 Belgium Glycolic Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Belgium Glycolic Acid Market Revenues & Volume, By Personal Care & Dermatology, 2021-2031F |
6.2.3 Belgium Glycolic Acid Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 Belgium Glycolic Acid Market Revenues & Volume, By Household, 2021-2031F |
7 Belgium Glycolic Acid Market Import-Export Trade Statistics |
7.1 Belgium Glycolic Acid Market Export to Major Countries |
7.2 Belgium Glycolic Acid Market Imports from Major Countries |
8 Belgium Glycolic Acid Market Key Performance Indicators |
8.1 Number of new skincare and cosmetic products launched containing glycolic acid |
8.2 Growth in the number of skincare clinics offering glycolic acid treatments |
8.3 Adoption rate of glycolic acid-based products in the beauty and skincare market |
9 Belgium Glycolic Acid Market - Opportunity Assessment |
9.1 Belgium Glycolic Acid Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Belgium Glycolic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Glycolic Acid Market - Competitive Landscape |
10.1 Belgium Glycolic Acid Market Revenue Share, By Companies, 2024 |
10.2 Belgium Glycolic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |