Salicylic Acid Industry is Expected to Reach $ 566.45 Million by 2031 - Thermo Fisher Scientific Inc., Alta Laboratories Ltd., Merck KGaA, Hebei Jingye Group

Global Salicylic Acid Market reached US$ 432.18 million in 2023 and is expected to reach US$ 566.45 million by 2031, growing at a CAGR of 7.6% during the forecast period 2024-2031.

Salicylic acid is a white crystalline organic compound derived from willow trees or synthetically produced. It's a key ingredient in aspirin, widely used for pain relief, particularly as demand grows with rising cases of fever, cough, and cold. Beyond pharmaceuticals, it plays a major role in cosmetics as a powerful exfoliant, helping treat acne and other skin conditions.

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Market Trends:

The rising demand for over-the-counter products is a key driver of the global salicylic acid market, fueled by consumer needs and industry growth. Salicylic acid's fungicidal, anti-inflammatory, and antimicrobial properties make it valuable in cosmetics, healthcare, and pharmaceuticals. Widely used in acne treatments, it also treats conditions like psoriasis and warts, boosting its popularity in dermatology. Increased skin health and grooming awareness has further driven the demand for salicylic acid in products like cleansers, exfoliants, and moisturizers.

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Segment Covered in the Salicylic Acid Market:

By Form: Liquid, Powder, Others.

By Application: Pharmaceuticals, Cosmetics, Food Preservation, Others.

Major Key Players:

• Thermo Fisher Scientific Inc.
• Alta Laboratories Ltd.
• Merck KGaA
• Hebei Jingye Group
• Shandong Longxin Chemical Group Co., Ltd
• Siddharth Carbochem Products Ltd.
• Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
• Seqens International SAS
• Midas Pharma GmbH
• Spectrum Chemical Mfg. Corp.

*Note:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

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