Global Salicylic Acid Market is segmented by Application (Pharmaceutical, Food & preservatives, and Cosmetics), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and South America). Global Salicylic Acid Market was valued at US$ XX Mn in 2019, and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during forecast period.
Pharmaceutical segment is expected to be the largest segment of the Salicylic Acid market during the forecast period.
In the pharmaceutical industry, salicylic acid is widely used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Increasing demand for medicated cosmetics coupled with growing use of salicylic acid based pharmaceutical products owing their effect on ailments such as Hughes syndrome and dementia is expected to drive the market growth over the forecast period.
Asia Pacific Boosting the Demand for Salicylic Acid.
Increasing demand for hair care and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration owing to consumer’s awareness is propelling the market growth in this region. In addition, rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to increase growth over the forecast period.
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are Alfa Aesar, Alta Laboratories Ltd., JM Loveridge Limited, Novacap, Sigma Aldrich, Siddharth Carbochem Products Ltd, etc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global Salicylic Acid market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Salicylic Acid market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Salicylic Acid market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Salicylic Acid Market.”
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