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At a CAGR of 8.5% between 2023 and 2030, the salicylic acid market is expected to increase from $431.9 million in 2022 to $886.10 million. The chemical formula for salicylic acid is C7H6O3, and it is a beta hydroxy acid that is a lipophilic monohydroxybenzoic acid. In terms of appearance, it is a clear, crystalline organic acid with no discernible odor or color. In the cosmetics and pharmaceuticals industries, salicylic acid plays an important role as an intermediary.
Aspirin's chemical cousin, salicylic acid, is a colorless, crystalline organic acid that has been shown to increase skin hydration and dissolve the material that normally binds skin cells together. In addition, this acid has numerous practical uses, including but not limited to: cosmetics, hair care products, drugs, food preservation, and more.
Market expansion is being driven by factors such as the rising prevalence of cardiovascular disorders and the rising demand for skin and hair care products. The market is expected to expand thanks to a number of factors, including shifting consumer tastes and the rising prevalence of salicylic acid as a preservative in foods including sauces, beers, and others. In addition, variables like raw material shortages and delays are significant market growth influencers for salicylic acid. Aspirin's rising popularity as a stroke and dementia treatment and prevention tool, however, will create new prospects in the salicylic acid industry. However, the market growth rate faces significant challenges from factors such as COVID-19-related supply chain disruptions.
New trends, regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical regions, and so on are all covered in this report on the global salicylic acid market. Contact Data Bridge industry Research to receive an Analyst Brief on the salicylic acid industry; our experts can assist you in making educated business decisions that will lead to increased sales.
The global salicylic acid market is extremely disorganized, with only a few of suppliers and widely varying price points depending on the product's final consumer. Chemical synthesis of phenol is used in industrial production. The growth of the oil and gas industry in the Middle East and the United States should lead to a greater supply of phenol. Demand for phenol is predicted to rise over the next eight years as supply rises in response to rising shale gas and tight oil exploration and production.
However, it has been discovered that salicylic acid, when applied to the skin in excessive doses, can cause severe dryness, blistering, and irritation. Consumers' increasing knowledge of salicylic acid's negative consequences is projected to increase demand for alternatives derived from natural sources such as grape juice, thyme, rosemary, and tea tree oil. As more individuals learn about the benefits of salicylic acid, they shift their attention to the naturally occurring form, which could reduce global demand.
Both geographical and functional specializations exist within the salicylic acid market. The pharmaceutical, skin care, hair care, food preservatives, and other end uses make up the largest segments of the market. The global salicylic acid market is broken down by region, including the Americas, Europe, the Middle East, and Africa. All major regions and nations' salicylic acid market shares are evaluated as well.
Report Coverage
Global Salicylic Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Salicylic Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Salicylic Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Salicylic Acid market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Salicylic Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Salicylic Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zhenjiang Gaopeng Pharmaceutical CO, Ltd, Shandong Longxin Chemical Group Co., Ltd., Siddharth Carbochem Products Ltd, J M Loveridge Ltd, Alta Laboratories Ltd, Alfa Aesar, Salicylates And Chemicals Pvt. Ltd., Merck KGaA, JQC(Huayin) Pharmaceutical Co., Ltd, Seidler Chemical Co, Inc., EMCO Dyestuf, VAIKUNTH CHEMICALS PVT LTD, DK Pharmachem, Bell Chem Corp, Abhishek Chemicals, and Konar Organics Limited among others.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Salicylic Acid market based on the below-mentioned segments:
Global Salicylic Acid market, By Application
Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others
Global Salicylic Acid market, Regional Analysis
Aspirin's chemical cousin, salicylic acid, is a colorless, crystalline organic acid that has been shown to increase skin hydration and dissolve the material that normally binds skin cells together. In addition, this acid has numerous practical uses, including but not limited to: cosmetics, hair care products, drugs, food preservation, and more.
Market expansion is being driven by factors such as the rising prevalence of cardiovascular disorders and the rising demand for skin and hair care products. The market is expected to expand thanks to a number of factors, including shifting consumer tastes and the rising prevalence of salicylic acid as a preservative in foods including sauces, beers, and others. In addition, variables like raw material shortages and delays are significant market growth influencers for salicylic acid. Aspirin's rising popularity as a stroke and dementia treatment and prevention tool, however, will create new prospects in the salicylic acid industry. However, the market growth rate faces significant challenges from factors such as COVID-19-related supply chain disruptions.
New trends, regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical regions, and so on are all covered in this report on the global salicylic acid market. Contact Data Bridge industry Research to receive an Analyst Brief on the salicylic acid industry; our experts can assist you in making educated business decisions that will lead to increased sales.
The global salicylic acid market is extremely disorganized, with only a few of suppliers and widely varying price points depending on the product's final consumer. Chemical synthesis of phenol is used in industrial production. The growth of the oil and gas industry in the Middle East and the United States should lead to a greater supply of phenol. Demand for phenol is predicted to rise over the next eight years as supply rises in response to rising shale gas and tight oil exploration and production.
However, it has been discovered that salicylic acid, when applied to the skin in excessive doses, can cause severe dryness, blistering, and irritation. Consumers' increasing knowledge of salicylic acid's negative consequences is projected to increase demand for alternatives derived from natural sources such as grape juice, thyme, rosemary, and tea tree oil. As more individuals learn about the benefits of salicylic acid, they shift their attention to the naturally occurring form, which could reduce global demand.
Both geographical and functional specializations exist within the salicylic acid market. The pharmaceutical, skin care, hair care, food preservatives, and other end uses make up the largest segments of the market. The global salicylic acid market is broken down by region, including the Americas, Europe, the Middle East, and Africa. All major regions and nations' salicylic acid market shares are evaluated as well.
Report Coverage
Global Salicylic Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Salicylic Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Salicylic Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Salicylic Acid market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Zhenjiang Gaopeng Pharmaceutical CO, Ltd, Shandong Longxin Chemical Group Co., Ltd., Siddharth Carbochem Products Ltd, J M Loveridge Ltd, Alta Laboratories Ltd, Alfa Aesar, Salicylates And Chemicals Pvt. Ltd., Merck KGaA, JQC(Huayin) Pharmaceutical Co., Ltd, Seidler Chemical Co, Inc., EMCO Dyestuf, VAIKUNTH CHEMICALS PVT LTD, DK Pharmachem, Bell Chem Corp, Abhishek Chemicals, and Konar Organics Limited among others. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Salicylic Acid Market from 2021 to 2030.
- Market Forecast for Salicylic Acid Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Salicylic Acid competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Salicylic Acid
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Salicylic Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Salicylic Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zhenjiang Gaopeng Pharmaceutical CO, Ltd, Shandong Longxin Chemical Group Co., Ltd., Siddharth Carbochem Products Ltd, J M Loveridge Ltd, Alta Laboratories Ltd, Alfa Aesar, Salicylates And Chemicals Pvt. Ltd., Merck KGaA, JQC(Huayin) Pharmaceutical Co., Ltd, Seidler Chemical Co, Inc., EMCO Dyestuf, VAIKUNTH CHEMICALS PVT LTD, DK Pharmachem, Bell Chem Corp, Abhishek Chemicals, and Konar Organics Limited among others.
Primary Target Market
- Market Players of Salicylic Acid
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Salicylic Acid market based on the below-mentioned segments:
Global Salicylic Acid market, By Application
Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others
Global Salicylic Acid market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the salicylic acid market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.