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Global Salicylic Acid Market Valued at USD 455.47 Million in 2023, Projected to Reach USD 653.82 Million by 2030, Growing at a CAGR of 5.3%

Salicylic Acid Market

Salicylic Acid Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐“๐ซ๐ž๐ง๐๐ฌ, ๐†๐ซ๐จ๐ฐ๐ญ๐ก, ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐š๐ง๐ ๐๐ž๐ฒ๐จ๐ง๐

The global salicylic acid market, valued at USD 525.1 million in 2023, is projected to experience significant growth, reaching an estimated USD 872.7 million by 2030, growing at a CAGR of 7.4% over the forecast period. This growth is driven by the increasing demand for salicylic acid in skincare and pharmaceutical products, as well as its expanding use in agriculture and food preservation.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

๐’๐ค๐ข๐ง๐œ๐š๐ซ๐ž ๐š๐ง๐ ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐ƒ๐ž๐ฆ๐š๐ง๐ : Salicylic acid is widely used in the cosmetic industry for acne treatment and skincare products, which continues to drive market growth.

๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ ๐”๐ฌ๐ž๐ฌ : The growing awareness and use of salicylic acid in pain-relieving medications, anti-inflammatory treatments, and wound care products are contributing to its demand.

๐€๐ ๐ซ๐ข๐œ๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐š๐ฅ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ : Its use as a plant growth regulator and in pesticide formulations is increasing, fueling market expansion.

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

Vietnam's growing cosmetics and skincare industry is one of the major drivers for the increasing demand for salicylic acid in the country. With a strong consumer focus on skincare, especially among the younger demographic, Vietnam presents significant opportunities for salicylic acid suppliers.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ : Vietnamese consumers are becoming more health-conscious, pushing the demand for skincare products containing salicylic acid. Companies like ๐‡๐š๐ง๐จ๐ข ๐๐ก๐š๐ซ๐ฆ๐š ๐š๐ง๐ ๐๐จ๐œ๐š๐ซ๐ข ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ are key players in expanding the availability of pharmaceutical products that include salicylic acid.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ : Major cosmetic brands in Vietnam are incorporating salicylic acid into their acne treatment lines, creating an uptick in market demand.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ : https://www.maximizemarketresearch.com/request-sample/24889/

๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

Thailand's cosmetics and personal care market is rapidly expanding, which is driving the demand for salicylic acid-based products. The growing trend of self-care and organic products is further propelling the market.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐†๐ซ๐จ๐ฐ๐ญ๐ก : As the demand for natural and effective acne treatments increases, the salicylic acid market in Thailand is expected to grow substantially. Companies like ๐“๐ก๐š๐ข ๐Ž๐ญ๐ฌ๐ฎ๐ค๐š ๐๐ก๐š๐ซ๐ฆ๐š๐œ๐ž๐ฎ๐ญ๐ข๐œ๐š๐ฅ ๐‚๐จ a leader in the country's pharmaceutical industry, are incorporating salicylic acid into their offerings.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ : Thai cosmetic brands like ๐’๐œ๐ž๐ง๐ญ๐ข๐จ ๐š๐ง๐ ๐๐š๐ฆ๐ฎ ๐‹๐ข๐Ÿ๐ž are expanding their skincare lines to include salicylic acid, meeting the demand for acne and blemish solutions.

๐‰๐š๐ฉ๐š๐ง ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ

Japan, a leader in skincare innovation and cosmetic technology, is witnessing strong demand for salicylic acid, particularly in the treatment of acne and psoriasis. The country's advanced pharmaceutical and skincare industries are fueling market growth.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง : With high awareness of skincare among consumers, Japan's demand for salicylic acid-based products remains robust. ๐’๐ก๐ข๐ฌ๐ž๐ข๐๐จ ๐š๐ง๐ ๐Š๐š๐ง๐ž๐›๐จ ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ
are some of the leading companies in Japan that use salicylic acid for their acne treatment products.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ : Japan's cosmetic giants are increasingly focusing on organic ingredients, and salicylic acid is gaining popularity as a natural solution for acne treatment.

๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง

South Korea's booming beauty and skincare industry, coupled with a high demand for functional ingredients, has led to an increased use of salicylic acid in local products. The market is witnessing continued growth due to the popularity of K-beauty products.

๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š : The demand for anti-aging and acne treatment products is expected to drive salicylic acid consumption. ๐€๐ฆ๐จ๐ซ๐ž๐ฉ๐š๐œ๐ข๐Ÿ๐ข๐œ ๐š๐ง๐ ๐‹๐† ๐‡๐จ๐ฎ๐ฌ๐ž๐ก๐จ๐ฅ๐ & ๐‡๐ž๐š๐ฅ๐ญ๐ก ๐‚๐š๐ซ๐ž
are increasingly formulating salicylic acid into their product lines, boosting the market.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ : South Korea's focus on innovative and high-quality skincare products, combined with the popularity of K-beauty internationally, is expected to lead to continued expansion in the salicylic acid market.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง

Singapore's strong pharmaceutical and cosmetics sectors are fueling the demand for salicylic acid, particularly in the skincare segment. As a hub for regional manufacturing, Singapore plays an important role in the salicylic acid supply chain.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž : Singapore is witnessing mergers and acquisitions as larger multinational companies acquire local firms specializing in active ingredients like salicylic acid for skincare products. This consolidation strengthens the market and supports product development.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ: ๐๐€๐’๐… ๐š๐ง๐ ๐ƒ๐จ๐ฐ ๐‚๐ก๐ž๐ฆ๐ข๐œ๐š๐ฅ Are expanding their operations in Singapore, focusing on the production of pharmaceutical-grade salicylic acid for use in both skincare and healthcare products.

๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The United States continues to dominate the global salicylic acid market, driven by the growing skincare industry, particularly the popularity of acne treatments. The increasing number of skincare brands utilizing salicylic acid is driving the market.

Growth in the U.S.: The U.S. remains the largest consumer of salicylic acid-based products, with brands like Neutrogena, Proactiv, and Aveeno leading the charge. The increasing number of acne-related skincare products incorporating salicylic acid is further propelling the market.
M&A Activity: Major mergers and acquisitions, such as Johnson & Johnson's acquisition of small skincare firms specializing in acne treatments, are expected to drive further growth in the salicylic acid market in the U.S.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ

Europe's increasing demand for natural and organic skincare products is driving the salicylic acid market. With a growing focus on acne treatment and skin exfoliation, European countries are seeing rising demand for salicylic acid-based formulations.

Opportunities in Europe: Companies in Germany, France, and the UK are focusing on sustainable and dermatologically-tested formulations, using salicylic acid in a variety of skincare products. BASF and Solvay are major suppliers of salicylic acid in the region.
Key Developments: Europe's regulatory frameworks and certifications for organic ingredients are making it easier for salicylic acid suppliers to enter the market, particularly in the growing demand for natural skincare solutions.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

๐๐€๐’๐… has recently acquired ๐‚๐จ๐ ๐ง๐ข๐ฌ,a leading supplier of active ingredients for the skincare industry, to strengthen its position in the salicylic acid market.
๐’๐จ๐ฅ๐ฏ๐š๐ฒ has entered into a partnership with regional players to expand its production of salicylic acid in Southeast Asia, particularly focusing on the rapidly growing markets of Thailand and Vietnam.

๐…๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ญ๐จ๐๐š๐ฒ :https://www.maximizemarketresearch.com/request-sample/24889/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐…๐จ๐ซ๐ฆ

Liquid
Powder

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Pharmaceutical

Based on Application, the market is sub-segmented into Pharmaceutical, Food & preservatives and Cosmetics. The pharmaceutical industry's constant and expanding demand is propelling the industry forward. Salicylic acid is an antibacterial and anti-inflammatory substance. It can be used as a fungicide as well. As a result, salicylic acid is widely used to treat common skin problems like acne, pimples, and psoriasis. Because it is antimicrobial, it can also be used as an antiseptic and disinfectant. It works as a pain reliever because of its anti-inflammatory effects. Because of the product's diverse pharmacological properties, the salicylic acid market is expected to grow steadily in the future years, owing to the rising prevalence of skin infections and illnesses such as arthritis, spondylitis, and migraine. The product's use in the production of aspirin, one of the world's most popular pharmaceuticals, is also helping the sector. The esterification of salicylic acid and acetic anhydride, with sulphuric acid acting as a catalyst, produces aspirin, which is used to alleviate pain, swelling, fever, and other inflammations.

Food & preservatives
Cosmetics

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/request-sample/24889/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Alfa Aesar
2. Alta Laboratories Ltd.
3. JM Loveridge Limited
4. Novacap
5. Sigma Aldrich
6. Siddharth Carbochem Products Ltd
7. Zhenjiang Gaopeng Pharmaceutical Ltd.
8. Hebei Jingye Group
9. Avnochem Limited
10. Zhenjiang Maoyuan Chemical Co. Ltd.
11. Shandong Xinhua Pharmaceutical Co. Ltd.
12. Simco Chemicals
13. Thermo Fisher Scientific
14. Merck & Co Inc
15. Loveridge Ltd

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐’๐š๐ฅ๐ข๐œ๐ฒ๐ฅ๐ข๐œ ๐€๐œ๐ข๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Salicylic Acid ?
What is the growth rate of the Salicylic Acid Market?
Which are the factors expected to drive the Salicylic Acid market growth?
What is the CAGR at which the Salicylic Acid market will grow during the forecast period?
What are the different segments of the Salicylic Acid Market?
Which is the fastest growing region in the Salicylic Acid market?
What growth strategies are the players considering to increase their presence in Salicylic Acid ?
What are the upcoming opportunities and trends for the Salicylic Acid Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Salicylic Acid Market?
Who are the leading companies and what are their portfolios in Salicylic Acid Market?
What segments are covered in the Salicylic Acid Market?
Who are the key players in the Salicylic Acid market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/contact-us/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

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๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

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