Global Ammonium Thioglycolate Market Outlook
Revenue, 2024
$289M
Forecast, 2034
$466M
CAGR, 2024 - 2034
4.9%
The Ammonium Thioglycolate industry revenue is expected to be around $303.5 million in 2025 and expected to showcase growth with 4.9% CAGR between 2025 and 2034.
The Ammonium Thioglycolate market has experienced growth due to strong market trends and its increasing relevance in various industries. Key drivers of this growth include advancements in technology and growing demand in sectors supported by favorable regulatory conditions that have collectively contributed to a substantial increase, in market reach. Additionally manufacturers are actively engaged in research and development to uncover applications further driving the markets expansion and underscoring the importance of Ammonium Thioglycolate.
Ammonium Thioglycolate is a compound known for its distinct properties and wide applications in various industries like grooming products for hair care and textile processing as well as in photography products due to its effectiveness and cost effectiveness. Recent trends indicate a growing demand for this compound due to advancements, in optimizing its formula and the popularity of personal care items containing it.
Market Key Insights
- The Ammonium Thioglycolate market is projected to grow from $289.3 million in 2024 to $467 million in 2034. This represents a CAGR of 4.9%, reflecting rising demand across Hair Perming, Tanning Agents and Depilatory Creams.
- Daejung Chemicals & Metals Co. Ltd., Acros Organics, City Chemical LLC are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Ammonium Thioglycolate market and are expected to observe the growth CAGR of 3.4% to 4.5% between 2024 and 2030.
- Emerging markets including Brazil, Malaysia and South Africa are expected to observe highest growth with CAGR ranging between 5.4% to 6.9%.
- Transition like Transition to Sustainable Productions is expected to add $23.9 million to the Ammonium Thioglycolate market growth by 2030
- The Ammonium Thioglycolate market is set to add $177 million between 2024 and 2034, with manufacturer targeting Textile Industry & Leather Industry Application projected to gain a larger market share.
- With Increased demand in hair care products, and Advancements in textile industry, Ammonium Thioglycolate market to expand 61% between 2024 and 2034.
Opportunities in the Ammonium Thioglycolate
Ammonium Thioglycolate is effective as an agent for treating different skin issues like rough skin and acne which is great news, for people who are mindful of their health and prefer dermatologist recommended products.
Growth Opportunities in North America and Europe
North America Outlook
North America is known for its usage of Ammonium Thioglycolate due to the thriving Cosmetics and Personal Care industry in the region. The popularity of Ammonium Thioglycolate in North America mainly stems from its use in hair products for perming and relaxing purposes. However the region faces competition from both local and international manufacturers. The increasing focus on chemistry practices that advocate for the use of eco friendly and less harmful chemicals is driving the demand, for Ammonium Thioglycolate in this region.
Europe Outlook
Europe predominantly uses Ammonium Thioglycolate in textile and leather processing due to its significance in the regions high end fashion and leather industry market opportunities shared with strong local and global rivals who compete within the same space as well as the increasing emphasis on sustainable fashion that promotes eco friendly materials and non toxic substances in manufacturing practices driving the demand, for Ammonium Thioglycolate.
Market Dynamics and Supply Chain
01
Driver: Increased Demand in Hair Care Products
Ammonium thioglycolate is also an ingredient widely used in hair care products for procedures like hair waving and straightening treatments as well as relaxing hair treatments too! With the increasing focus on personal grooming and the rising demand for professional hair products these days ammonium thioglycolate is also considered a significant factor driving the market forward by leaps and bounds! As more people across the world are also choosing salon quality treatments to use at home its no surprise that products with ammonium thioglycolate are also expected to see a big boost in sales soon! This shift in consumer preferences is also set to have also an impact on the market for ammonium thioglycolate paving the way, for its growth ahead!.
The textile sector has also experienced a rise in the utilization of ammonium thioglycolate specifically as a reducing agent in the cold pad batch bleaching method. Advancements in textile processing technology and the push for eco practices have also boosted the requirement for this chemical compound. The ongoing progress and creativity, within the textile industry are also expected to propel the market for ammonium forward especially in areas that prioritize high quality and sustainable manufacturing techniques.
The textile sector has also experienced a rise in the utilization of ammonium thioglycolate specifically as a reducing agent in the cold pad batch bleaching method. Advancements in textile processing technology and the push for eco practices have also boosted the requirement for this chemical compound. The ongoing progress and creativity, within the textile industry are also expected to propel the market for ammonium forward especially in areas that prioritize high quality and sustainable manufacturing techniques.
02
Restraint: Regulatory Environment Constraints
Government agencies around the world are closely. Imposing strict regulations on the use of chemicals in everyday products like cosmetics and hair care items which is affecting the market for Ammonium Thioglycolate used in hair treatments like curlers and straighteners. The need to protect consumers from health risks is prompting companies to reformulate their products without this ingredient. This shift is causing a slowdown, in market expansion and altering demand patterns within the industry significantly.
03
Opportunity: Application in Hair Care Products and Untapped Potential in Emerging Markets
The beauty industry is always on the lookout for ingredients to improve hair health and enhance beauty treatments effectively. One popular ingredient that stands out is Ammonium Thioglycolate which plays a role in hair perming and straightening processes. There is still much to explore about its use in this field. It shows promising potential for growth due to the rising demand, for high quality hair care products.
India and Brazil offer potential for the growth of Ammonium Thioglycolate due to the rising disposable income and mounting demand for personal care items in these regions markets. Particularly, in hair care and skincare products.
India and Brazil offer potential for the growth of Ammonium Thioglycolate due to the rising disposable income and mounting demand for personal care items in these regions markets. Particularly, in hair care and skincare products.
04
Challenge: Increased Focus on Natural and Organic Products
In times as consumer preferences evolve towards natural and organic personal care items have changed the landscape for chemical based products like those with Ammonium Thioglycolate leading to a decrease in demand for them. Consumers are now better informed. Tend to carefully examine product ingredients while opting for holistic options free, from harmful chemicals.
Supply Chain Landscape
1
Raw Material Suppliers
BASF
Dow Chemicals
2
Intermediate Product Manufacturers
Arkema Group
Eastman Chemical Company
3
Producers
Sakamoto Yakuhin Kogyo
Bruno Bock
4
End-User Industry
Cosmetics
Leather Tanning
Textile Industry
1
Raw Material Suppliers
BASF
Dow Chemicals
2
Intermediate Product Manufacturers
Arkema Group
Eastman Chemical Company
3
Producers
Sakamoto Yakuhin Kogyo
Bruno Bock
4
End-User Industry
Cosmetics
Leather Tanning
Textile Industry
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Ammonium Thioglycolate in Hair Perming, Tanning Agents & Depilatory Creams
Hair Perming
Ammonium Thioglycolate is commonly used in hair salons for perms as it changes the protein structure of the hair to create a look with curls that last longer and cause less damage compared to other chemicals used for perming hair treatments by top brands like LOreal and Schwarzkopf who opt for an alkaline solution containing this compound to achieve better results, in hair styling.
Depilatory Creams
Ammonium Thioglycolate is important in creams because its acid composition effectively breaks down the protein structure of hair for easy removal when the cream is applied. Ammonium Thioglycolate is gentle on the skin. Is commonly used in top brands, like Nair and Veet known for their effective and skin friendly depilatory products.
Tanning Agents
The leather industry commonly uses Ammonium Thioglycolate as a tanning agent to treat hides before tanning process starts to prevent shrinkage and improve their strength and durability.
Recent Developments
December 2024
LOreal, the known beauty company unveiled a line of hair perm products that heavily utilize Ammonium Thioglycolate for their exceptional results.
October 2024
Sigma Aldrich Corporation introduced a method for producing Ammonium Thioglycolate with a focus on its use, in both agrochemical and pharmaceutical industries.
July 2024
One of the providers of Ammonium Thioglycolate is BASL. They expanded their production facilities to keep up with the increasing demand.
Ammonium Thioglycolate is widely known for its role, as a reducing agent and is commonly used in the hairdressing industry for creating permanent wave solutions that have brought significant innovation to the world of haircare.
Impact of Industry Transitions on the Ammonium Thioglycolate Market
As a core segment of the Specialty Chemicals industry,
the Ammonium Thioglycolate market develops in line with broader industry shifts.
Over recent years, transitions such as Transition to Sustainable Productions and Expanding Market Reach with E-commerce have redefined priorities
across the Specialty Chemicals sector,
influencing how the Ammonium Thioglycolate market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Transition to Sustainable Productions
Ammonium Thioglycolate plays a role in various sectors like cosmetics and textiles as well as the paper industry. Many industries are turning to Ammonium Thioglycolate in their quest for sustainability due, to its yet powerful properties. One notable impact of this compound can be seen in the cosmetics sector where hair care companies are striving to offer more gentle treatments to their clientele. Ammonium Thioglycolate plays a role in perm solutions or hair relaxants by providing a gentler option compared to other chemical treatments available in the market today. The shift towards practices is enabling industries to achieve a balance between operational efficiency and environmental stewardship placing Ammonium Thioglycolate at the forefront of this movement, towards eco friendliness. This industry transition is expected to add $23.9 million in the industry revenue between 2024 and 2030.
02
Expanding Market Reach with E-commerce
Given the increase of internet based shopping and the expanded accessibility of retail platforms businesses, within sectors that utilize Ammonium Thioglycolate are capitalizing on this shift to tap into international markets.