Thioglycolate Market Size
Market Size in USD Mn
CAGR5.5%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 5.5% |
| Market Concentration | High |
| Major Players | Triveni Chemicals, Haihang Industry Co. Ltd., Neostar United Industrial Co. Ltd., Alpha Chemika, American International Chemical Inc. and Among Others |
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Thioglycolate Market Analysis
The Global Thioglycolate Market is estimated to be valued at USD 125.7 Mn in 2025 and is expected to reach USD 182.9 Mn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.
The Thioglycolate Market has been witnessing positive trends in the past few years due to growing demand from End-use industries such as cosmetics & personal care, pharmaceuticals among others. Thioglycolate is massively used in hair relaxers and permanent waves which have been gaining popularity. Also, growing applications of thioglycolate as a stabilizer and processing aid in the pharmaceutical industry for manufacturing of tablets and capsules is favoring market growth. Increasing usage of thioglycolate as a developing agent and solvent in the photographic market is another factor contributing to the sales of thioglycolate.