Salicylic Acid Market – Global Industry Analysis and Forecast (2022-2029)

Salicylic Acid Market was worth US$ 410.78 Mn. in 2021 and total revenue is expected to grow at a rate of 5.3 % CAGR from 2022 to 2029, reaching almost US$ 620.93 Mn.

Salicylic Acid Market Overview:

The increasing frequency of various skin disorders, hair problems, and several health concerns that come with age might be related to the growth of the salicylic acid market. Salicylic acid is a naturally occurring chemical that is frequently employed in pharmaceutical formulations, cosmetics, and personal care products due to its outstanding antibacterial and anti-inflammatory effects. Acne is one of the most frequent skin problems globally. It affects more than 50 million people in the United States each year, according to the American Academy of Dermatology (AAD). Acne is most commonly associated with puberty and affects teenagers and young adults, although it can also afflict older adults at any age. Salicylic acid is commonly used to treat mild to moderate acne, and in extreme cases, it can also be used in conjunction with other acne therapies. When applied to the skin, it aids in the removal of dead cells, resulting in less swelling and redness, as well as quicker healing. Salicylic acid can help improve skin tone and maintain oil balance in addition to preventing one. Salicylic Acid MarketTo know about the Research Methodology :- Request Free Sample Report

Salicylic Acid Market Dynamics:

Over the forecast period, the rising use of salicylic acid derivatives such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and to relieve pain caused by mouth ulcers is expected to drive market growth. Growing public awareness of the compound's harmful effects have prompted regulatory bodies such as the Food and Drug Administration (FDA) to impose strict regulations on the maximum permissible limit for salicylic acid in various products, effectively limiting the compound's growth over the next eight years. Non-organized manufacturers led the industry's salicylic market. Some firms, such as Novacap, Simco, and Loveridge, have phenol production as a forward integrated part of their operations. Phenol is an important raw ingredient utilized in the creation of the product. Other businesses buy phenol from corporations like Shell and INEOS Phenol.

Salicylic Acid Market Segment Analysis:

Based on Application, the market is sub-segmented into Pharmaceutical, Food & preservatives and Cosmetics. The pharmaceutical industry's constant and expanding demand is propelling the industry forward. Salicylic acid is an antibacterial and anti-inflammatory substance. It can be used as a fungicide as well. As a result, salicylic acid is widely used to treat common skin problems like acne, pimples, and psoriasis. Because it is antimicrobial, it can also be used as an antiseptic and disinfectant. It works as a pain reliever because of its anti-inflammatory effects. Because of the product's diverse pharmacological properties, the salicylic acid market is expected to grow steadily in the future years, owing to the rising prevalence of skin infections and illnesses such as arthritis, spondylitis, and migraine. The product's use in the production of aspirin, one of the world's most popular pharmaceuticals, is also helping the sector. The esterification of salicylic acid and acetic anhydride, with sulphuric acid acting as a catalyst, produces aspirin, which is used to alleviate pain, swelling, fever, and other inflammations.

Salicylic Acid Market Regional Insights:

Some of the most important salicylic acid markets are in North America and Europe. The pharmaceutical industries in both regions are growing, which is helping the industry. The pharmaceutical market in these regions is benefiting from improved consumer awareness of pharmaceuticals and increased consumerization of health as a result of increased data availability. The pharmaceutical sector in these regions, and hence the salicylic market, is also benefiting from the ageing populations in North America and Europe. By 2050, Europe is anticipated to be the world's oldest area, with about 34% of the population aged 60 or older. North America, too, is forecast to have a substantial ageing population, with 28% of the population aged 60 or older by 2050. The salicylic sector in North America and Europe is benefiting from the rising consumer health care market in both regions. Because of their comprehensive healthcare systems and superior access to public and private health insurance, the United States of America and Europe are the major markets for consumer healthcare products. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global Salicylic Acid market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide

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Global Salicylic Acid Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 410.78 Mn.
Forecast Period 2022 to 2029 CAGR: 5.3% Market Size in 2029: US $ 620.93 Mn.
Segments Covered: by Application • Pharmaceutical • Food & preservatives • Cosmetics

Global Salicylic Acid Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Salicylic Acid Market, key player

Alfa Aesar • Alta Laboratories Ltd. • JM Loveridge Limited • Novacap • Sigma Aldrich • Siddharth Carbochem Products Ltd • Zhenjiang Gaopeng Pharmaceutical Ltd. • Hebei Jingye Group • Avnochem Limited • Zhenjiang Maoyuan Chemical Co. Ltd. • Shandong Xinhua Pharmaceutical Co. Ltd. • Simco Chemicals • Thermo Fisher Scientific • Merck & Co Inc • Loveridge Ltd Frequently Asked Questions: What was the market size of Global Salicylic Acid Market markets in 2021? Ans - Global Salicylic Acid Market was worth US$ 410.78 Mn in 2021. 2) What is the market segment of Global Salicylic Acid Market markets? Ans -The market segments are based on Application. 3) What is forecast period consider for Global Salicylic Acid Market? Ans -The forecast period for Global Salicylic Acid Market is 2022 to 2029. 4) Which are the worldwide major key players covered for Global Salicylic Acid Market report? Ans - Alfa Aesar, Alta Laboratories Ltd., JM Loveridge Limited, Novacap, Sigma Aldrich, SiddhartCarbochem Products Ltd, Zhenjiang Gaopeng Pharmaceutical Ltd., Hebei Jingye Group, Avnochem Limited, Zhenjiang Maoyuan Chemical Co. Ltd., Shandong Xinhua Pharmaceutical Co. Ltd., Simco Chemicals, Thermo Fisher Scientific, Merck & Co Inc and Loveridge Ltd 5) Which region is dominated in Global Salicylic Acid Market? Ans - In 2021, North America region dominated the Global Salicylic Acid Market.

Global Salicylic Acid Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 1.4. Key Questions Answered 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary 3.1. Global Salicylic Acid Market Size, by Market Volume (MT) And Market Value (US$ Mn), By Region 4. Market Overview 4.1. Introduction 4.2. Market Dynamics 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side And Demand Side Indicators 6. Global Salicylic Acid Market Analysis and Forecast 6.1. Global Salicylic Acid Market Analysis and Forecast 6.2. Global Salicylic Acid Market Size& Y-o-Y Growth Analysis 6.2.1. North America 6.2.2. Europe 6.2.3. Asia Pacific 6.2.4. Middle East & Africa 6.2.5. South America 7. Global Salicylic Acid Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Salicylic Acid Market Size (US$ Mn) Forecast, by Application 7.4. Global Salicylic Acid Market Value Share Analysis, by Application 7.5. Global Salicylic Acid Market Attractiveness Analysis, by Application 8. Global Salicylic Acid Market Analysis, by Region 8.1. Global Salicylic Acid Market Size (US$ Mn) Forecast, by Region 8.2. Global Salicylic Acid Market Value Share Analysis, by Region 8.3. Global Salicylic Acid Market Attractiveness Analysis, by Region 9. North America Salicylic Acid Market Analysis 9.1. North America Salicylic Acid Market Overview 9.2. North America Salicylic Acid Market Value Share Analysis, by Application 9.3. North America Salicylic Acid Market Forecast, by Application 9.3.1. Pharmaceutical 9.3.2. Food & preservatives 9.3.3. Cosmetics 9.4. North America Salicylic Acid Market Value Share Analysis, by Country 9.5. North America Salicylic Acid Market Forecast, by Country 9.5.1. U.S. 9.5.2. Canada. 9.6. U.S. Salicylic Acid Market Forecast, by Application 9.6.1. Pharmaceutical 9.6.2. Food & preservatives 9.6.3. Cosmetics 9.7. Canada Salicylic Acid Market Forecast, by Application 9.7.1. Pharmaceutical 9.7.2. Food & preservatives 9.7.3. Cosmetics 9.7.4. North America Salicylic Acid Market Attractiveness Analysis, By Application 9.8. PEST Analysis 9.9. Key Trends 9.10. Key Developments 10. Europe Salicylic Acid Market Analysis 10.1. Key Findings 10.2. Europe Salicylic Acid Market Overview 10.3. Europe Salicylic Acid Market Value Share Analysis, by Application 10.4. Europe Salicylic Acid Market Forecast, by Application 10.4.1. Pharmaceutical 10.4.2. Food & preservatives 10.4.3. Cosmetics 10.5. Europe Salicylic Acid Market Forecast, by Country 10.5.1. Germany 10.5.2. U.K. 10.5.3. France 10.5.4. Italy 10.5.5. Spain 10.5.6. Rest of Europe 10.6. Europe Salicylic Acid Market Analysis, by Country/ Sub-region 10.7. Germany Salicylic Acid Market Forecast, by Application 10.7.1. Pharmaceutical 10.7.2. Food & preservatives 10.7.3. Cosmetics 10.8. U.K. Salicylic Acid Market Forecast, by Application 10.8.1. Pharmaceutical 10.8.2. Food & preservatives 10.8.3. Cosmetics 10.9. France Salicylic Acid Market Forecast, by Application 10.9.1. Pharmaceutical 10.9.2. Food & preservatives 10.9.3. Cosmetics 10.10. Italy Salicylic Acid Market Forecast, by Application 10.10.1. Pharmaceutical 10.10.2. Food & preservatives 10.10.3. Cosmetics 10.11. Spain Salicylic Acid Market Forecast, by Application 10.11.1. Pharmaceutical 10.11.2. Food & preservatives 10.11.3. Cosmetics 10.12. Rest of Europe Salicylic Acid Market Forecast, by Application 10.12.1. Pharmaceutical 10.12.2. Food & preservatives 10.12.3. Cosmetics 10.13. Europe Salicylic Acid Market Attractiveness Analysis 10.13.1. By Application 10.14. PEST Analysis 10.15. Key Trends 10.16. Key Developments 11. Asia Pacific Salicylic Acid Market Analysis 11.1. Key Findings 11.2. Asia Pacific Salicylic Acid Market Overview 11.3. Asia Pacific Salicylic Acid Market Value Share Analysis, by Application 11.4. Asia Pacific Salicylic Acid Market Forecast, by Application 11.4.1. Pharmaceutical 11.4.2. Food & preservatives 11.4.3. Cosmetics 11.5. Asia Pacific Salicylic Acid Market Value Share Analysis, by Country 11.6. Asia Pacific Salicylic Acid Market Forecast, by Country 11.6.1. China 11.6.2. India 11.6.3. Japan 11.6.4. ASEAN 11.6.5. Rest of Asia Pacific. 11.7. Asia Pacific Salicylic Acid Market Analysis, by Country/ Sub-region 11.8. China Salicylic Acid Market Forecast, by Application 11.8.1. Pharmaceutical 11.8.2. Food & preservatives 11.8.3. Cosmetics 11.9. India Salicylic Acid Market Forecast, by Application 11.9.1. Pharmaceutical 11.9.2. Food & preservatives 11.9.3. Cosmetics 11.10. Japan Salicylic Acid Market Forecast, by Application 11.10.1. Pharmaceutical 11.10.2. Food & preservatives 11.10.3. Cosmetics 11.11. ASEAN Salicylic Acid Market Forecast, by Application 11.11.1. Pharmaceutical 11.11.2. Food & preservatives 11.11.3. Cosmetics 11.12. Rest of Asia Pacific Salicylic Acid Market Forecast, by Application 11.12.1. Pharmaceutical 11.12.2. Food & preservatives 11.12.3. Cosmetics 11.13. Asia Pacific Salicylic Acid Market Attractiveness Analysis 11.13.1. By Application 11.14. PEST Analysis 11.15. Key Trends 11.16. Key Developments 12. Middle East & Africa Salicylic Acid Market Analysis 12.1. Key Findings 12.2. Middle East & Africa Salicylic Acid Market Overview 12.3. Middle East & Africa Salicylic Acid Market Value Share Analysis, by Application 12.4. Middle East & Africa Salicylic Acid Market Forecast, by Application 12.4.1. Pharmaceutical 12.4.2. Food & preservatives 12.4.3. Cosmetics 12.5. Middle East & Africa Salicylic Acid Market Value Share Analysis, by Country 12.6. Middle East & Africa Salicylic Acid Market forecast, by Country 12.6.1. GCC. 12.6.2. South Africa 12.6.3. Rest of Middle East & Africa 12.7. Middle East & Africa Salicylic Acid Market Analysis, by Country/ Sub-region 12.8. GCC Salicylic Acid Market Forecast, by Application 12.8.1. Pharmaceutical 12.8.2. Food & preservatives 12.8.3. Cosmetics 12.9. South Africa Salicylic Acid Market Forecast, by Application 12.9.1. Pharmaceutical 12.9.2. Food & preservatives 12.9.3. Cosmetics 12.10. Rest of Middle East & Africa Salicylic Acid Market Forecast, by Application 12.10.1. Pharmaceutical 12.10.2. Food & preservatives 12.10.3. Cosmetics 12.11. Middle East & Africa Salicylic Acid Market Attractiveness Analysis 12.11.1. By Application 12.12. PEST Analysis 12.13. Key Trends 12.14. Key Developments 13. South America Salicylic Acid Market Analysis 13.1. Key Findings 13.2. South America Salicylic Acid Market Overview 13.3. South America Salicylic Acid Market Value Share Analysis, by Application 13.4. South America Salicylic Acid Market Forecast, by Application 13.4.1. Pharmaceutical 13.4.2. Food & preservatives 13.4.3. Cosmetics 13.5. South America Salicylic Acid Market Value Share Analysis, by Country 13.6. South America Salicylic Acid Market Forecast, by Country 13.6.1. Brazil 13.6.2. Mexico 13.6.3. Rest of South America 13.7. South America Salicylic Acid Market Analysis, by Country/ Sub-region 13.8. Brazil Salicylic Acid Market Forecast, by Application 13.8.1. Pharmaceutical 13.8.2. Food & preservatives 13.8.3. Cosmetics 13.9. Mexico Salicylic Acid Market Forecast, by Application 13.9.1. Pharmaceutical 13.9.2. Food & preservatives 13.9.3. Cosmetics 13.10. Rest of South America Salicylic Acid Market Forecast, by Application 13.10.1. Pharmaceutical 13.10.2. Food & preservatives 13.10.3. Cosmetics 13.11. South America Salicylic Acid Market Attractiveness Analysis 13.11.1. By Application 13.12. PEST Analysis 13.13. Key Trends 13.14. Key Developments 14. Company Profiles 14.1. Market Share Analysis, by Company 14.2. Competition Matrix 14.3. Company Profiles: Key Player 14.3.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 14.3.2. New Product Launches and Product Enhancements 14.3.3. Market Consolidation 14.3.3.1. M&A by Regions, Investment and Applications 14.3.3.2. M&A Key Players, Forward Integration and Backward Integration 14.3.4. Company Profiles: Key Players 14.3.5. Alfa Aesar 14.3.5.1. Company Overview 14.3.5.2. Financial Overview 14.3.5.3. Product Portfolio 14.3.5.4. Business Strategy 14.3.5.5. Recent Developments 14.3.5.6. Manufacturing Footprint 14.3.6. Alta Laboratories Ltd. 14.3.7. JM Loveridge Limited 14.3.8. Novacap 14.3.9. Sigma Aldrich 14.3.10. Siddharth Carbochem Products Ltd 14.3.11. Zhenjiang Gaopeng Pharmaceutical Ltd. 14.3.12. Hebei Jingye Group 14.3.13. Avnochem Limited 14.3.14. Zhenjiang Maoyuan Chemical Co. Ltd. 14.3.15. Shandong Xinhua Pharmaceutical Co. Ltd. 14.3.16. Simco Chemicals 14.3.17. Thermo Fisher Scientific 14.3.18. Merck & Co Inc 14.3.19. Loveridge Ltd. 15. Primary Key Insights

About This Report

Report ID 24889
Category Material & Chemical
Published Date Jan 2020
Updated Date Sep 2022
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