COVID-19 Impact on Glycylglycine Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the glycylglycine market.
Key Drivers and Restraints of Glycylglycine Market
- Expansion of the chemical industry and focus of key players on R&D are driving the glycylglycine market. Growth of developing economies and increase in investments are also vital factors that are expected to boost the global glycylglycine market during the forecast period.
- Increase in advancement in the cosmetic field has made a positive impact on the glycylglycine market. Besides this, technological advancement and innovations in the pharmaceutical industry such as inventions of new drugs have fuelled the glycylglycine market.
- Rise in demand for glycylglycine in the medical industry for testing procedures is likely to propel the demand for glycylglycine across the globe
- Availability of raw materials is likely to slow down the growth of the market. Besides this, high cost may hamper the market in the near future.
Glycylglycine: Application Segment
- Based on application, the glycylglycine market can be segmented into pharmaceutical, cosmetics, medical test, and bio-chemical research
- Glycylglycine is used in the synthesis of drugs in the pharmaceutical industry. Chemicals used in the cosmetic industry can be made by using glycylglycine.
- It is also used in biochemistry applications for studying and characterizing enzymes. In this case, glycylglycine can be used as an inhibitor. Rise in demand for glycylglycine in the chemical industry is a key factor driving the global glycylglycine market.
Asia Pacific to Dominate Glycylglycine Market
- In terms of region, the glycylglycine market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- The global glycylglycine market has expanded significantly in the past two decades. This trend is estimated to continue during the forecast period. Asia Pacific holds significant share of the global market. Rise in population, growth in the pharmaceutical sector, technological advancements, and changes in lifestyle are projected to boost the market in Asia Pacific during the forecast period. Growth in the chemical industry in China and India is likely to create lucrative opportunities in the glycylglycine market in the region.
- High demand for glycylglycine in the pharmaceutical sector in Europe is driving the market in the region
- The market for glycylglycine in North America is driven by the increase in demand for glycylglycine in cosmetic applications in the region. The glycylglycine market in Latin America and Middle East & Africa is estimated to expand at a significant pace during the forecast period owing to the recent economic growth in these regions. Increase in demand for glycylglycine in the pharmaceutical industry is likely to fuel the demand for glycylglycine in Middle East & Africa.
Key Manufacturers Operating in Glycylglycine Market
The glycylglycine market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the glycylglycine market include:
- HOPAX
- Krackeler Scientific
- Hangzhou Keying Chem Co., Ltd
- Merck KGaA
- Alfa Aesar
Glycylglycine Market: Research Scope
Glycylglycine Market, by Application
- Pharmaceutical
- Organic Synthesis
- Cosmetics
- Medical Test
- Bio-chemical Research
Global Glycylglycine Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Glycylglycine: Introduction
- Glycylglycine is a dipeptide formed from glycine residues. It has a role as a human metabolite. It is derived from glycine. It is a tautomer of a glycylglycine zwitterion. Because of its low toxicity, it is useful as a buffer for biological systems. Glycylglycine is widely used in cosmetic, pharmaceutical, and solubilizing recombinant proteins.
- It is primarily used in the synthesis of more complicated peptides. It is widely used in ion exchange chromatography.
- Glycylglycine possesses unique physiochemical properties, which allow pharmaceutical manufacturers to produce medicines. Glycylglycine can make a strong hydrogen bond. It is also used in cosmetics as a moisturizer and inflammation inhibitor for skin care products.
