Press release
Salicylic Acid Market to Develop New Growth Story 2024 - 2031 | Alfa Aesar (U.K.), Alta Laboratories Ltd. (India)
Salicylic Acid Market
Salicylic acid is a beta hydroxy acid that is used as an exfoliant in skincare products. It works to slough off dead skin cells and unclog pores. Salicylic acid is commonly found in acne treatments, moisturizers, cleansers and peels.
Market Dynamics:
The salicylic acid market is expected to witness significant growth over the forecast period owing to rising demand from skincare products and increasing cases of acne and psoriasis. Salicylic acid is an important ingredient in acne treatment products due to its keratolytic and comedolytic properties. It helps to unclog pores and remove dead skin cells and sebum from the skin's surface, thereby preventing pores from blocking and reducing pimple formation. Moreover, salicylic acid helps to treat psoriasis and other skin conditions by removing scales and relieving itching and inflammation. Increasing sales of anti-aging and anti-acne skincare products will continue boosting market growth during the forecast period.
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Increased Demand for Skin and Hair Care Products is Driving the Salicylic Acid Market Growth
The global salicylic acid market is witnessing strong growth due to the rising demand for skincare and hair care products. Salicylic acid is commonly used to treat acne, psoriasis, warts, calluses and other skin conditions. Its ability to help with peeling and exfoliation has made it a popular active ingredient in facial cleansers and creams. The widespread popularity of Korean beauty products has further boosted the use of salicylic acid. Additionally, a large number of anti-aging creams and serums contain salicylic acid due to its properties that help reduce wrinkles, dark spots and age spots. Salicylic acid is also present in many dandruff and hair loss shampoos and products. With consumers paying more attention to personal care and grooming, the demand for these products containing salicylic acid is increasing significantly. This growing focus on skincare and hair care regimes from an increasing health-conscious population around the world is acting as a major driver for the salicylic acid market.
Rising Demand from Pharmaceutical Industry is fueling Growth in the Salicylic Acid Market
In addition to personal care applications, salicylic acid also finds wide usage in the pharmaceutical industry. It is commonly used as an excipient and active pharmaceutical ingredient in many oral dosage forms like tablets, capsules and lozenges. Salicylic acid shows antibacterial and anti-inflammatory properties that helps in treating conditions like acne, dandruff, warts and calluses. It helps remove the outer layer of the skin, removes dead skin cells and allows new skin cells to surface. This helps in treating various skin problems. Moreover, salicylic acid is widely employed as an active ingredient in topical pain relief creams and ointments. The global pharmaceutical market has shown strong growth over the past few years. The increasing demand for drugs along with rising healthcare budgets and expenditure is leading pharmaceutical companies to further invest in R&D and product development. This is augmenting the usage of salicylic acid in the pharmaceutical production process as well as formulations. Hence, growth in the pharmaceutical industry acts as a key driver for the rising demand of salicylic acid.
Availability of Renewable Feedstock Presents an Opportunity for "Green" Salicylic Acid Production
Environmental and sustainability concerns have led manufacturers to explore alternate, renewable resources for producing salicylic acid. Significant research is being conducted on using bio-based feedstocks instead of petrochemicals to develop "green" chemical processes. Lignin, a major bio-waste from the pulp and paper industry, shows potential as a feedstock. Promising research has demonstrated that lignin can be converted to vanillin through depolymerization. Vanillin is a platform chemical that can then be utilized to synthesize salicylic acid and other related derivatives in an environment-friendly manner. Additionally, waste plant biomass from agriculture is also gaining attention. If sustainable and economical production routes are developed and commercialized using renewable sources like lignin and biomass waste, it can present
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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:
★ Application
★ Pharmaceuticals
★ Wart remover
★ Disinfectant
★ Antifungal
★ Dentifrices
★ Antiseptic
★ Anti-irritant
★ Scale lifter
★ Ointment
Key Regions/Countries 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)
Key Insights from the Global Salicylic Acid Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Salicylic Acid market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Salicylic Acid market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Salicylic Acid market.
Segment Analysis: Examining the market value and sales volume of Salicylic Acid by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Salicylic Acid market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Salicylic Acid sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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