Salicylic Acid Market is expected to grow by USD 530 million by 2022

Market Highlights

The global salicylic acid market is expected to grow by USD 530 million in 2022 growing with the CAGR of 6.8% since 2016 and is expected to continue till 2022. The market is expected to grow significantly over the forecasted period. Salicylic acid is highly utilized in health care industry in order to cure hair problem and various skin problems namely acne, warts, blemishes, hair problems and more. In-addition to this salicylic acid is used in preservatives of food & beverages as sedentary lifestyle are increasing.

Salicylic acid has tremendous uses in cosmetic and medicinal industries, due to properties of salicylic acid it is used in acne cream and anti-dandruff shampoos. Growth of salicylic acid market will be sluggish as the FDA (Food & Drug Administration) has implemented stringent regulations regarding maximum permissible usage of salicylic acid in various products.

Major Key Players

• Alfa Aesar,
• Alta Laboratories,
• JM Loveridge Limited,
• Novocap,
• Siddharth Carbochem Products Ltd.,
• Simco Chemicals,

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Commenting on this report, an analyst from Market Research Future’s (MRFR) team said: “Published on August 2015 states that salicylic acid is extracted either from willow tree or through carbolic oil process. It is mainly used in antiseptic, pain killer and food preservatives. Salicylic acid market is mainly driven due to increasing health awareness and consumers preference towards healthy approach related to healthy skin and healthy hair which has allowed everyone in realizing its oxidation property which helps in curing blemishes, wroth, acne and various other diseases. In-addition, due to changing lifestyle consumers prefer functional food and beverages due to sedentary lifestyle.

The salicylic acid market is segmented on the basis of applications namely health care, food preservatives and cosmetics. Health care had the largest share for salicylic acid in 2013 and is expected dominate the market over the forecasted period. Aspirin is one of the most selling product owing to increasing applications scope of aspirin drugs. Food preservatives is the second largest market for salicylic acid market followed by cosmetics. Usage of salicylic acid in cosmetic has been increasing tremendously as harsh and changing environment is affecting human body which has taken consumers in preferring ways to maintain their skin and hair leading to increase in growth of cosmetic segment in the forecasted period.

Taste the market data and market information presented in more than 50 market data tables and figures spread over 85 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Salicylic Acid Market Research Report –Forecast to 2022”.

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The salicylic acid market is segmented on basis of application namely, health care, food preservatives and cosmetics. The application of salicylic acid in health care is maximum as it cures skin problem like skin and foot (plantar) warts, corns and calluses. The health care segment is maintaining the CAGR of 7.2% since 2015 and is expected to continue till 2022. The market for food preservatives segment will grow at the CAGR of 7.9% over the forecasted period, the market is growing tremendously as consumers prefer functional food as there is rapid increase in sedentary lifestyle in developing and developed countries.

This study was conducted combining primary and secondary information including inputs from key participants of the industry. The report contains detail about the market as well as vendors of the same and vendor landscape in addition to a SWOT analysis of key vendors.

Regional Analysis
North-America region is expected to maintain its dominance in the global salicylic acid market. Emerging markets such as the US and Canada are expected to boost the North-America salicylic acid market. Other emerging markets are Europe and Asia-Pacific countries.

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Reasons to buy
• This report includes an in-depth study about salicylic acid market.
• It covers market segmentation by source and by application.
• It helps in identifying region wise major suppliers and understanding the consumption pattern related to salicylic market.
• The report will provide useful and premium insights that will support detail study about the salicylic acid market and allied companies by providing detail on the fast growing segments and regions.
• In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness related to various products mentioned in the report.
• The data used in the report is primarily based on primary interview with major producing companies and industry experts which are supported by authentic industry data from secondary sources.

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Brief TOC
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
4 Market Landscape
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Salicylic acids Market
5 Industry Overview of Global Salicylic acids Market
Continued……

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