Chemical peels...won't cause any cancer .
Chemical peels are usually made up of fruit acids like glycolic(sugarcane),citric acid (citrus fruits)..lactic acid..used for facial rejuvination.
Chemical peels are used for different conditions like acne(pimples), black spots(hyperpigmentation),solar melanosis(tanning)..etc
So if its used on right problem,on right spots on right condition with properly trained doctors(Dermatologist).. there is no harm in getting chemical peels done.
Next Steps
Better to get priming of skin before chemical peel. Meet dermatologist and get to know about priming
Health Tips
you can always go for a test patch.