Global Salicylic Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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The Salicylic Acid Market report has been segmented as per application and region.
Global Salicylic Acid Market: Overview
“The Salicylic Acid Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Salicylic acid can be derived naturally from plants including Salix and willow trees or it can be produced synthetically from carbon dioxide and sodium phenolate.
Salicylic acid is associated with different properties including anti-inflammatory, fungicidal, anti-microbial, comedolytic, keratolytic, and others.
In addition, salicylic acid is widely used in various applications in the pharmaceutical, food and beverages, and cosmetic industries.
Global Salicylic Acid Market: Dynamics
Increasing demand for salicylic acid in the cosmetic industry for manufacturing of various cosmetics products including skin care, hair care, and others.
Rising adoption of salicylic acid in the pharmaceutical industry for manufacturing a number of medicines including phenyl salicylate, acetylsalicylic acid (aspirin), methyl salicylate, and salicylic acid amine, and others.
These are major factors projected to fuel the growth of the target market over the forecast period.
In addition, expanding the food and beverage industry and increasing the use of salicylic acid and its derivatives widely in a variety of food processing applications among food products manufacturers. These are other factors expected to drive the growth of the global salicylic acid market.
Growing demand for skincare, haircare, and other cosmetic products and increasing human infectious diseases across various countries result in rising demand for salicylic acid across the globe.
These are some other factors expected to propel the growth of the global salicylic acid market during the forecast period. In addition, growing health awareness among individuals, rising consumer spending on healthcare products, and increasing consumption of a variety of food & beverages products including sauces, beer, wine, and others.
These are among other factors projected to propel the growth of the target market.
Moreover, the rising introduction of advanced cosmetics products by major manufacturers and the increasing use of salicylic acid in several food products are some factors projected to fuel the growth of the target market in the next 10 years.
However, factor expected to hamper the growth of the global salicylic acid market includes stringent Food and Drug Administration (FDA) regulations regarding the use of salicylic acid maximum limit in the manufacturing of several products.
Global Salicylic Acid Market: Segment Analysis
Among the application segments, the pharmaceutical segment is expected to dominate in the global salicylic acid market, owing to the high consumption of salicylic acid-based drugs for the treatment of cardiovascular diseases, skin-related disorders, and others.
Global Salicylic Acid Market: Region Analysis
The Europe salicylic acid market accounted for the highest revenue share in the global market followed by the market in North America and is expected to dominate the global market over the forecast period.
High adoption of salicylic acid among food and beverage manufacturers and high consumption of aspirin among geriatric populations to prevent and treat ailments including dementia, strokes, and others.
these are major factors expected to drive the growth of the salicylic acid market in the Europe and North America regions.
Market in the Asia Pacific is expected to register substantial growth in the global market, owing to growing pharmaceutical and food and beverages industries in emerging economies in the region.
The market in Middle East & Africa is projected to register average revenue growth in the global market followed by the market in Latin America.
Global Salicylic Acid Market Segmentation:
Segmentation by Application:
- Food & Preservatives
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bayer AG
- Alfa Aesar GmbH & Co KG
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- M. Loveridge Ltd.
- Semco, Inc.
- Siddharth Carbochem Products Limited
- Ives Laboratories, Inc.
- Tyson Foods, Inc.
- Neutrogena Corporation
- The Kraft Heinz Company
- Mondelez International, Inc.
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