Press release
Global Salicylic Acid Market is expected to exceed US$ 893.93 Million by 2028
The rising usage of salicylic acid in preservatives in the food industry and the rapid growth of the beauty and personal care industries are driving the sales of salicylic acid. In response to expanding consumer awareness, salicylic acid sales are increasing. The demand for salicylic acid is predicted to increase during the forecast period as a result of its numerous advantages. In addition, there is a rise in the usage of salicylic acid derivatives as ointments, such as chlorine salicylate and methyl salicylate, which is projected to raise the global demand for salicylic acid in the market.According to the Journal of the American Academy of Dermatology, at least some facial acne affects more than 54% of women over the age of 25. The rising prevalence of zits, whiteheads, blackheads, and pustules is expected to increase the demand for cosmetics containing salicylic acid. Salicylic acid is a comedolytic, meaning it stops new whiteheads and blackheads from forming. It is a crucial component in the manufacturing of aspirin, one of the most frequently prescribed pharmaceuticals in the world. However, both the food and beverage business and the cosmetics industry are highly regulated, posing difficulty for the salicylic acid market.
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Read the market research report, " Salicylic acid Market Segmented By Application (Pharmaceutical, Skin Care, Haircare, Food Preservatives, and Other Applications) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
The US salicylic acid market is expected to grow at a CAGR of 5.9% throughout the analysis period, according to Future Market Management Institute (FMI). The sales of Salicylic Acid in the UK are expected to increase by 7% by 2028 and hold a market share of more than 22.8%. According to FMI, China holds more than 45% more value share in the East Asian salicylic acid market and is predicted to dominate the regional market during the analysis period.
Salicylic acid sales in the region are majorly growing due to its application in the pharmaceuticals industry followed by end-use in the skincare industry, skin care industry, and other segments. The increasing use of pharma-grade types in aspirin in the cosmetic industry is the key factor that is responsible for sales of pharma grade Salicylic acid. The powder form is slightly soluble in cold water and more solvable in boiling water, owing to such properties sales of powder form of salicylic acid are growing.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
• Market Estimation for 20+ Countries
• Salicylic acid Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional, and Country specific Salicylic acid Market Trends
• Comprehensive Mapping of Salicylic acid Industry Parameters
• Attractive Investment Proposition in the Global Salicylic acid Industry
• Competitive Strategies Adopted by Salicylic acid Market Key Players
• Drivers, Restraints, Opportunities, Challenges, and the impact on the Salicylic acid Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Salicylic acid market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities, and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Salicylic acid Market Sales
• Parent market analysis
• Product portfolio benchmarking
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SkyQuest has segmented the Global Salicylic acid Market based on Application and Region:
● Global Salicylic acid Market by Application (Revenue, USD Million, 2021 - 2028)
o Pharmaceutical
o Skin Care
o Haircare
o Food Preservatives
o Other Applications
● Global Salicylic acid Market by Region (Revenue, USD Million, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
Key Players in the Global Salicylic acid Market
• Alfa Aesar (US)
• J.M. Loveridge Ltd. (UK)
• Boots UK Ltd. (UK)
• Alta Laboratories Ltd. (India)
• Siddharth Carbochem Products Ltd. (India)
• Zhenjiang Gaopeng Pharmaceutical Co. Ltd (China)
• Novocap SA (Argentina)
• Simco Chemicals (India)
• Neutrogena Corporation (US)
• Clean & Clear (US)
• St. Ives (Switzerland)
• Tyson Foods Inc. (US)
• Heinz (US)
• Mondelez International (US)
• The Ordinary (Canada)
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SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals
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