Press release
Methyl Salicylate Market Revenue Share, Insights & Future Outlook
Methyl Salicylate MarketThe global market for Methyl Salicylate was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Methyl salicylate, also known as wintergreen oil is an organic ester methanol and salicylic acid which is naturally developed by various species of plants, specifically wintergreens. It is used in food & beverage, pharmaceuticals, and liniments among others. It is used in an extensive range of applications such as providing fragrance to certain products, flavoring agents in chewing gums and mints, antiseptic material in household products such as Listerine, and medical applications for treating joint and muscular pain.
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Demand for methyl salicylate was the highest from matured region such as North America and Europe due to the presence of vast hair care and skin care industries in these regions resulting in significant demand for the chemical. Emerging regions such as Asia Pacific is anticipated to witness the fastest growth rate over the forecast period on account of growing hair care, skin care and pharmaceutical industries in the region. Certain factors such as rising awareness regarding healthy hair and skin among consumers as well as changing lifestyles is expected to fuel the demand for personal care products thereby contributing towards the demand for methyl salicylate.
By Type
• Purity: 99%
• Purity: 98%
• Purity: 95%
By Application
• Industrial
• Pharmaceutical
• Cosmetics
Key Companies
Novacyl, Rhodia, Alfa Aesar, Alta Laboratories, Arochem, Zhenjiang Gaopeng Pharmaceutical, Zhenjiang Maoyuan, Jiangsu Puyuan Chemical, Shandong Longxin Chemical, Nanjing Huajian Chemical
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