Salicylic Acid Market Demands with Best Applications: Pharmaceuticals, PC, Wart Remover, Disinfectant, Antifungal, Dentifrices, Antiseptic, Anti-irritant, OTC, Scale Lifter, Ointment, Skin Care, Moisturizer, Sunscreen, Acne Solution, Hair Care, Conditione

The Salicylic Acid market was valued around USD 0.28 Billion in 2014 and is expected to reach roughly USD 0.46 Billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 5.49% during the forecast period due to the growing demand of salicylic acid for production of cosmetic, hair care and skincare products on account of rising awareness among customers regarding benefits of it. Salicylic acid is widely used in the production of aspirin. Growing aspirin tablets consumption owing to better pain relieving together with easy accessibility of the medicines is anticipated to boost its demand. Though, growing concerns about the fallouts of aspirin are projected to hinder the growth of the market. The global salicylic acid market is extremely fragmentized, classified by a few manufacturers with diverse evaluation patterns by the application. Industrially, it is fabricated by chemical fusion of phenol. The growth of the gas & oil industry in the United States and the Middle East is likely to augment the phenol availability as a staple. Additionally, increasing discovery & output of tight oil and shale gas is anticipated to amplify the phenol supply that in turn is projected to boost the demand over the forecast years. Though, contact to the large quantity of salicylic acid has discovered to be injurious to the skin and also it can cause skin irritation, blistering, and severe dryness. Growing awareness among consumer regarding the side effects of salicylic acid is prone to push customers towards organically derived yield including thyme, grape juice, tea tree oil, and rosemary which can be utilized as a substitute of salicylic acid, hence hampering the general growth of the market.

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Salicylic Acid Market -Competitive Outlook and Trend Analysis:

The major market players for the global salicylic acid market are; J.M. Loveridge Ltd., Alfa Aesar, Simco Chemicals, Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Siddharth Carbochem Products Ltd., and Novocap SA. The key product buyers include skincare and haircare manufacturers like St. Ives, Clean & Clear, and Neutrogena, pharma companies like Bayer, and preservatives & food manufacturers like Mondelez, Tyson, and Heinz. The market is classified by acquisitions and mergers as strategies to expand market share. For example, an Argentina-based salicylic acid manufacturer, Novocap SA bought salicylic acid and acetaminophen business of Rhodia Specialty Chemicals to establish a new company named as Novacyl, in a shift to augment its market share existence and market share.

The global salicylic acid market is segmented as follows –

Salicylic Acid Market -By Application: Pharmaceuticals, PC, Wart Remover, Disinfectant, Antifungal, Dentifrices, Antiseptic, Anti-irritant, OTC, Scale Lifter, Ointment, Skin Care, Moisturizer, Sunscreen, Acne Solution, Hair Care, Conditioner, Shampoo, Food Preservatives & Others

Salicylic Acid Market -Application Outlook and Trend Analysis:

The global market is sectioned according to the application as; pharmaceutical, cosmetics, and food & preservatives industry. The global market was influenced by pharmaceutical applications due to rising utilization of salicylic acid based medicines for the management of several skin related diseases and also for cardiovascular illnesses and Hughes disorder. The preservatives and food section is anticipated to demonstrate an elevated growth rate of around 7% during forecast period. Rising applications of salicylic acid, as well as its by-products in the beverage and food industry to avoid fermentation and spoiling, is likely to turn into amplifying market demand. Besides, increasing utilization as preservatives of salicylic acid to extend product’s shelf-life such as wine, beer, and sauces is anticipated to enhance the salicylic acid product demand. The cosmetics industry is expected to experience growing salicylic acid demand owing to the elevated demand for acne reduction preparations and facial creams. Additionally, the global market is projected to observe an escalating demand for conditioners and shampoos that are utilized to handle different hair conditions. Moreover, rising cases of pimples, blackheads, zits, and warts are likely to fuel the growth for products containing salicylic acid during the forecast years.

Salicylic Acid Market -By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Salicylic Acid Market -Regional Outlook and Trend Analysis:

In 2015, Europe region was reported for around 30% market share of due to the increasing haircare and skincare industry actuated by rising awareness regarding hygiene and health in the region. Besides, rising use of aspirin to prevent and treat ailments like dementia and strokes among the geriatric population is projected to boost the growth of the global market during the forecast period. Though, strict regulations enforced by the European Commission concerning the utilization of salicylic acid are predicted to hamper the market growth. The Latin America market is estimated to show large growth of around 8.0% during the forecast period. Rising demand for processed food products has boosted the demand of preservatives, for which the salicylic acid is a key ingredient. Also, escalating demand for medicinal cosmetics joined with increasing use of pharmaceutical products containing salicylic acid owing their outcomes on illnesses like dementia and Hughes syndrome is anticipated to fuel the growth of the global market during the forecast period.

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Salicylic Acid Market -List of Tables:

Table 1.Salicylic Acid Market, By Application ($Million), 2014-2022
Table 2.Pharmaceuticals Market, By Region ($Million), 2014-2022
Table 3.Wart Remover Market, By Region ($Million), 2014-2022
Table 4.Disinfectant Market, By Region ($Million), 2014-2022
Table 5.Antifungal Market, By Region ($Million), 2014-2022
Table 6.Dentifrices Market, By Region ($Million), 2014-2022
Table 7.Antiseptic Market, By Region ($Million), 2014-2022
Table 8.Anti-irritant Market, By Region ($Million), 2014-2022
Table 9.OTC s Market, By Region ($Million), 2014-2022
Table 10.Scale Lifter Market, By Region ($Million), 2014-2022
...

Salicylic Acid Market -List of Figures:

Figure 1.Salicylic Acid Market Share, By Application, 2014 & 2022 ($Million)
Figure 2.Salicylic Acid Market, By Region, 2016, ($Million)
Figure 3.Thermo Fisher Scientific Inc.: Net Revenues, 2014-2016 ($Million)
Figure 4.Thermo Fisher Scientific Inc.: Net Revenue Share, By Segment, 2016
Figure 5.Thermo Fisher Scientific Inc.: Net Revenue Share, By Geography, 2016
...

Key findings of the Salicylic Acid Market Report -

• The global salicylic acid market was valued at USD 0.28 billion in 2014 and is anticipated to reach approximately USD 0.46 billion by 2022 while registering a compound annual growth rate (CAGR) of 5.49% over the forecast period.

• During the forecast period, the cosmetics application sector of salicylic acid is likely to develop at a compound annual growth rate of 7.0%. Rising demand for cosmetics all over Asia Pacific, North America, and Europe together with growing self-recommendation of these goods for the management of mild skin diseases is likely to boost growth during the forecast period.

• In 2015, the demand for salicylic acid in preservative & food application was worth over USD 90.0 million. The product is widely used in the production of other salicylates such as ethyl and methyl salicylates. Increasing food preservatives demand owing to rising demand for processed foods in developing markets of India and China is anticipated to expand food preservatives industry, which consecutively augments the growth during the forecast period.

• Asia Pacific region is predicted to experience the maximum growth than other regions, rising at around 9.0% during forecast period. The pharmaceutical industry and positive food outlook in China, India, South Korea and Japan is likely to boost demand during the projected period.

• In North America region, the United States reported for the utilization of around 16,000 tons of salicylic acid during 2015 due to rising solutions regarding shelf-life extension in beverages and food applications. Moreover, escalating utilization of preservatives by key manufacturers of beverage and food involving Heinz, Cargill Foods, and Tyson is anticipated to enhance the market growth.

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