Press release
Salicylic Acid Market to Record Sturdy Growth by 2024 - 2031 | Alfa Aesar (U.K.), Alta Laboratories Ltd. (India)
Salicylic Acid Market
Salicylic acid is a beta hydroxy acid that is used extensively in skin care products for its exfoliating and anti-acne properties. It helps unclog pores and aids the shedding of dead skin cells.
Market Dynamics:
The salicylic acid market is projected to witness significant growth owing to increasing demand from skin care industry globally. Salicylic acid helps improve skin texture by removing dead skin cells from the outermost layer of epidermis. Moreover, it has keratolytic and comedolytic properties which allow it to penetrate deep into pores and helps reduce blackheads, whiteheads and other blemishes. The increasing demand for acne-treatment products among millennials and Gen Z is fueling the market growth. Furthermore, growing awareness about benefits of salicylic acid in skin care products is augmenting the market expansion over the forecast period.
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Increasing Demand from Skin Care Products Propelling the Growth of Salicylic Acid Market
The global skin care market has been witnessing significant growth over the past few years. According to recent reports, the worldwide skin care market was valued at over USD 130 billion in 2019 and is projected to grow at a CAGR of around 4.5% during the forecast period. Salicylic acid is widely used in several skin care products ranging from facial cleansers, toners, peels, to acne treatment gels and creams, owing to its anti-bacterial and keratolytic properties. It is very effective in treating acne, reducing oiliness, removing dead skin cells, and unclogging pores. Increasing consumer awareness regarding skin health and rising preference for natural and organic skin care products are contributing to the rising demand for salicylic acid in this industry. Moreover, growing interest in personal grooming among men is further fueling the demand. Industry players are introducing new formulations and innovative product ranges containing salicylic acid to capitalize on the market opportunities.
Expanding Usage in Hair Careindustry Augmenting Market Growth
Apart from skin care, salicylic acid also finds numerous applications in the hair care industry. It acts as a natural preservative and helps in restoring the pH balance of scalp and hair. Salicylic acid-based products are effective in treating Dandruff, seborrheic dermatitis, and sebum control. The active ingredient gently exfoliates the scalp, removes flakes, and soothes itching and irritation. It is commonly used in anti-dandruff shampoos and hair loss prevention treatments. The global hair care market value was estimated at over USD 80 billion in 2019 and is projected to exhibit steady growth in the coming years. Focus on research and development of new formulations by hair care product manufacturers is creating high demand for salicylic acid. Rising hair problems due to changing lifestyles and environmental factors are positively impacting the market.
Increasing Popularity of Naturally-Derived Cosmetic Products to Shape Future Demand
The global natural cosmetic products market has witnessed rising popularity over chemical-based cosmetics in the recent past owing to growing health concerns. Consumers today pay more attention to ingredient lists and prefer products containing natural and plant-derived ingredients which are safer, less toxic, and more sustainable. As a beta-hydroxy acid derived from willow bark, salicylic acid is naturally obtained and regarded as a 'super skin hero' ingredient. This positions it well to tap into opportunities arising from the natural cosmetics trend. Moreover, continuous efforts towards new innovative delivery systems prolonging stability and enhancing effectiveness of salicylic acid in natural personal care formulations will be crucial.
Top Companies Featured in This Report:
★ Alfa Aesar (U.K.)
★ Alta Laboratories Ltd. (India)
★ Hebei Jingye Group (China)
★ JM Loveridge Limited (U.K.)
★ Novacap (France)
★ Shadong Xinhua Longxin Chemical Co., Ltd., (China)
★ Siddharth Carbochem Products Ltd. (India)
★ Simco Chemical Inc. (Canada)
★ Zhenjiang Gaopeng Pharmaceutical Co., Ltd., (China).
Market Segmentation:
By Applications:
★ Pharmaceuticals
★ Wart remover
★ Disinfectant
★ Antifungal
★ Dentifrices
★ Antiseptic
★ Anti-irritant
★ Scale lifter
★ Ointment
★ Skincare
★ Moisturizer
★ Sunscreen
★ Acne solution
★ Hair care
★ Conditioner
★ Shampoo
★ Food preservatives
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Salicylic Acid Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Salicylic Acid Market.
• Explore the Salicylic Acid Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Salicylic Acid Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Salicylic Acid Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Salicylic Acid Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
Key Questions Answered:
• What was the size of the Salicylic Acid Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Salicylic Acid Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Salicylic Acid Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Salicylic Acid Market?
• Which segments of the Salicylic Acid Market are in high demand?
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