Global Salicylic Acid Market: Ken ResearchSalicylic acid is a lipophilic monohydroxybenzoic acid and a beta hydroxy acid with the formula C7H6O3. Salicylic acid is utilized primarily as an intermediate in the introduction of agrochemical products, dyes, and colorants, as well as in the rubber industry and in the production of phenolic resins. Salicylic acid is also a momentous compound in industrial sectors involving pharmaceuticals, personal care and cosmetics.
According to the report analysis, 'Global Salicylic Acid (CAS 69-72-7) Market, 2021-2027' states that Alta Laboratories Ltd., Hebei Jingye Group Co., Ltd., J.M. Loveridge (UK), Jiangsu Puyuan Chemical Industry Co., Ltd., JQC (Huayin) Pharmaceutical Co., Ltd., LCP Leuna Carboxylation Plant GmbH, Nanjing Huajian Chemical (China), Rishabh Metals and Chemicals Pvt. Ltd., SEQENS SAS (Novacap, Inc.), Shandong Jiahong Chemical (China), Shandong Longxin Chemical Group Co., Ltd., Shandong Xinhua Pharmaceutical Co., Ltd., Shanghai Yanan Pharma (China), Siddharth Carbochem Products Limited (SCPL), Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Zhenjiang Maoyuan Chemical Co., Ltd. and many more are the key companies which presently working in the global salicylic acid (CAS 69-72-7) market more proficiently for ruling around the globe, leading the highest market growth, obtaining the competitive edge, registering the great value of market share and generating the highest percentage of revenue by establishing the several research and development programs, decreasing the associated prices of such, analysing the strategies and policies of government as well as contenders, delivering the better customer satisfaction, spreading the awareness connected to the applications and advantages of salicylic acid, increasing the features and benefits of salicylic acid, implementing the policies of profit making and strategies of expansions and improving the qualitative and quantitative measures of such.
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On the basis of product, the Global Salicylic Acid Market is classified into Technical Grade Salicylic Acid, Pharmaceutical Grade Salicylic Acid and Sublimed Salicylic Acid. On the basis of applications, the global salicylic acid market is categorized into Pharmaceuticals, Personal Care & Cosmetics, Agrochemicals, Dyes, and Rubber Chemicals.
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The aspect underwriting toward the salicylic acid market growth is augmented demand for packaged food& beverages propels the market for salicylic acid. This is majorly accredited to the fact that the usage of salicylic acid in the food & beverage industry is increasing, as its assistances to safeguard the spoilage and fermentation of packaged food products. However, the food & beverage sector and cosmetics industry are extremely regulated which is a challenging aspect for the salicylic acid market. In addition, the market is also limited by existence of alternatives. On the contrary, the augmenting the pharmaceutical industry in Asia-Pacific and Africa is projected to propose the lucrative salicylic acid market opportunities for the industrial participants. Asia-Pacific is the fastest increasing across the globe, due to surge in requirement for salicylic acid from the pharmaceutical & cosmetics industries, for shampoos, lotions, creams, moisturizers, and oral care lotions. China, Japan, and India are the foremost contributors to the growth of this region. Therefore, it is predicted that during the near period the market of salicylic acid will augment more progressively over the assessed period.
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Ankur Gupta, Head Marketing & Communications
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