Salicylic Acid Market – Global Industry Analysis and Forecast (2024-2030)

Salicylic Acid Market was worth US$ 455.47 Mn. in 2023 and total revenue is expected to grow at a rate of 5.3 % CAGR from 2024 to 2030, reaching almost US$ 653.82 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.To 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.
Regional Insights:
Some of the most important salicylic acid markets are in North America and Europe. 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:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 455.47 Mn.


Forecast Period 2024 to 2030 CAGR:
5.3%
Market Size in 2030:
US $ 653.82 Mn.


 Segments Covered:
by Form
Liquid
Powder


by Application
Pharmaceutical
Food & preservatives
Cosmetics



Global Salicylic Acid Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
key player
1. Alfa Aesar
2. Alta Laboratories Ltd.
3. JM Loveridge Limited
4. Novacap
5. Sigma Aldrich
6. Siddharth Carbochem Products Ltd
7. Zhenjiang Gaopeng Pharmaceutical Ltd.
8. Hebei Jingye Group
9. Avnochem Limited
10. Zhenjiang Maoyuan Chemical Co. Ltd.
11. Shandong Xinhua Pharmaceutical Co. Ltd.
12. Simco Chemicals
13. Thermo Fisher Scientific
14. Merck & Co Inc
15. Loveridge Ltd

Frequently Asked Questions:

What was the market size of Global Salicylic Acid Market markets in 2023?
Ans - Global Salicylic Acid Market was worth US$ 455.47 Mn in 2023.

2) What is the market segment of Global Salicylic Acid Market markets?
Ans -The market segments are based on Application and Form.

3) What is forecast period consider for Global Salicylic Acid Market?
Ans -The forecast period for Global Salicylic Acid Market is 2024 to 2030.

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 2023, North America region dominated the Global Salicylic Acid Market.