Press release
AEA Salicylic Acid Market Trends, Application, Future Growth, Global Industry Demand, Regional Analysis and Industry Forecast, 2021-2030
AEA Salicylic Acid Market
According to the report published by Allied Market Research, the AEA salicyclic acid market was estimated at $274.5 million in 2020 and is expected to hit $553.8 million by 2030, registering a CAGR of 7.3% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Based on region, Europe held the lion's share in 2020, garnering around half of the total market. The market across Latin America, on the other hand, is expected to cite the fastest CAGR of 7.7% by the end of 2030. The other provinces studied in the report include North America and Africa.
The AEA salicyclic acid market is analyzed across application and region. Based on application, the pharmaceutical segment accounted for the major share in 2020, holding more than three-fourths of the total market. The skin care segment, however, would exhibit the fastest CAGR of 8.5% throughout the forecast period.
BY APPLICATION
1. Pharmaceutical
2. Skin care
3. Haircare
4. Food preservative & others
The key market players analyzed in the AEA salicyclic acid market report include Avonchem Limited, Wego Chemical Group, J.M. Loveridge Limited, Reagents, Novacyl, Alfa Aesar, Midas Pharma GmbH, Solvay Merck KGaA. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Browse Full Summary of This Report: https://www.alliedmarketresearch.com/aea-salicylic-acid-market-A15615
Covid-19 Scenario-
1. Closure of saloons and beauty parlors, especially during the initial phase of the pandemic, gave way to rise in online sales of cosmetic products. This, in turn increased the demand for salicyclic acid from the personal care industry, thereby impacting the AEA salicyclic acid market positively.
2. This trend is quite likely to continue post pandemic as well.
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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