Salicylic Acid Market Global Briefing And Future Outlook 2020 To 2027 | Alta Laboratories Ltd., Novacyl, J.M Loveridge Ltd, Alfa Aesar, Hebei Jingye Group, Zhenjiang Gaopeng Pharmaceutical Ltd.

As per the report published by Allied Market Research, the global salicylic acid market was pegged at $287.1 million in 2019, and is projected to reach $490.8 million by 2027, growing at a CAGR of 8.0% from 2020 to 2027.

Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/409

Rise in use of salicylic acid in the preserved food & beverage industry, growing demand for aspirin drug, and surge in scope of application in personal care products have boosted the growth of global salicylic acid market. However, the fact that temporary exposure of salicylic acid may lead to skin irritation, breathing problems, and digestive disorders hampers the market growth. On the contrary, high adoption in medical cosmetics and increasing demand from developing economies such as the Asia-Pacific region are expected to open opportunities for the market players.

Covid-19 scenario: The emergence of Covid-19 has drastically impacted the global salicylic acid industry.
• As per the United Nations Conference on Trade and Development (UNCTAD), the outbreak of Covid-19 has impacted the global FDI by 5–15%. This negative impact on FDI investment and raw materials and lockdown across various countries have hampered the market growth.
• As the manufacturing sector is a major part of a country’s economy, the governments are focused on encouraging the sector. This would help regain the growth rate of salicylic acid market post this pandemic.

Get Detailed COVID-19 Impact Analysis on the Salicylic Acid Market @: https://www.alliedmarketresearch.com/request-for-customization/409?reqfor=covid

The global salicylic acid market is segmented on the basis of chemistry and geography. Based on chemistry, the market is divided into pharmaceutical applications, skincare, haircare, food preservatives & others, and geography. The pharmaceutical application is further divided into wart remover, disinfectant, antifungal, dentifrices, antiseptic, anti-irritant, scale lifter, and ointment. The skin care segment is further categorized into moisturizer, sunscreen, and acne solution. Moreover, the haircare segment is classified into shampoo and conditioner.

The pharmaceuticals segment held the largest share in 2019, accounting for around three-fourths of the market. However, the skin care segment is expected to register the highest CAGR of 10.2% during the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/409

The global salicylic acid market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Europe held the largest share in 2019, accounting for more than one-third of the market. However, the market across the Asia-Pacific region is expected to register the highest CAGR of 7.7% during the forecast period.

The global salicylic acid market report includes an in-depth analysis of the major market players such as Siddharth Carbochem Products Ltd., Alta Laboratories Ltd., Novacyl, J.M Loveridge Ltd, Alfa Aesar, Hebei Jingye Group, Zhenjiang Gaopeng Pharmaceutical Ltd., Zhenjiang Maoyuan Chemical Co. Ltd., Avnochem Limited, and Shandong Xinhua Pharmaceutical Co. Ltd.

Obtain Report Details: https://www.alliedmarketresearch.com/salicylic-acid-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.