The Global Salicylic Acid Market has been projected to grow at the CAGR of 7% market during 2017-2025. In 2016, the market has generated the revenue of $ 476.57 million and is expected to reach up to $ 868.59 million in terms of revenue by 2025.
The market is projected to show significant growth due to increasing use of the salicylic acid in the skincare products for treatment of various skin disorders such as psoriasis, acne, and blemishes. The product is used as an ingredient in preparation of aspirin. Salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations. The increasing use of byproducts of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.
Market Segment Insights
Pharmaceuticals accounted for largest share of global salicylic acid market in 2016. The medicinal properties of salicylic acid such as reducing pain and aches have led to high demand from the pharmaceutical industry. Variety of painkillers and ointment are manufactured from salicylic acid in the market. For instance, salicylic acid is used in production of pharmaceuticals which help in the treatment of psoriasis. Therefore, high demand for salicylic acid is witnessed from the pharmaceutical industry and is expected to increase in the near future. Personal care products accounted for more than 20% share of global salicylic acid market in 2016. Salicylic acid is used in manufacture of several personal care products. Increasing use of beauty products among the population has consequently given rise to demand for personal care products in the market. Therefore, increasing demand for salicylic acid from the personal care products industry is expected to drive growth of global salicylic acid market.
The global salicylic acid market is regionally classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. Europe has the larger share of more than 30% of the global salicylic acid market in 2016. The growing demand for skin care products in the region has led to the growth of personal care products and cosmetic industries in the region. Therefore, high demand for salicylic acid is reported from cosmetic and personal care products in the region. Asia Pacific was the fastest growing market for salicylic acid in 2016 due to the growing pharmaceutical industry in the region. High demand for aspirin has led to booming growth of salicylic acid in the market. Therefore, Asia Pacific is expected to expand market demand and offer high growth opportunities for salicylic acid in the near future. Other regions such as North America, Middle East & Africa and Latin America are also anticipated to fuel demand for salicylic acid due to increasing use of beauty products and demand for processed food in the regions.
Market Competition Assessment:
The major players currently operating in the global salicylic acid market include Alfa Aesar, Alta Laboratories Ltd, Hebei Jingye Group, JM Loveridge Limited., Novacap, Shadong Xinhua Longxin Chemical Co., Ltd., Siddharth Carbochem Products Ltd., Simco Chemical Inc., and Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Global Salicylic Acid Market Portraiture
2.2 Global Salicylic Acid Market, by Application, 2016 ($ Million)
2.3 Global Salicylic Acid Market, by Geography, 2016 (Value %)
Chapter 3 Global Salicylic Acid Market Analysis
3.1 Global Salicylic Acid Market Overview
3.2 Prevalence of Salicylic Acid
3.3 Market Dynamics
3.3.1 Market Drivers
22.214.171.124 Increasing demand from pharmaceuticals industry
126.96.36.199 Risk of side effects caused by over usage of salicylic acid
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Salicylic Acid Market, 2015 (Value %)
Chapter 4 Global Salicylic Acid Market Analysis, by Application, 2015-2025 ($ Million)
4.3 Food & Preservative
4.4 Personal Care Products
4.6 Others (Derivatives, Industrial, etc.)
Chapter 5 Global Salicylic Acid Market, by Geography, 2015-2025 ($ Million)
5.1 North America (U.S. & Canada)
5.2 Europe (U.K., Germany & Rest of Europe)
5.3 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
5.4 Latin America (Mexico, Brazil and Rest of LATAM)
5.5 Middle East and Africa
Chapter 6 Company Profiles
6.1 Alfa Aesar
6.2 Alta Laboratories Ltd
6.3 Hebei Jingye Group
6.4 JM Loveridge Limited.
6.6 Shadong Xinhua Longxin Chemical Co., Ltd.
6.7 Siddharth Carbochem Products Ltd.
6.8 Simco Chemical Inc.
6.9 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.