PRESS RELEASE
Published April 17, 2023
What are the latest statistics on the “Global Salicylic Acid Market”?
Businesses can access valuable insights on the market dynamics, trends, opportunities, and challenges of “Salicylic Acid Market“, as well as its competitive landscape, from Skyquest Technology’s comprehensive report.
The salicylic acid market refers to the global market for salicylic acid, which is a colorless crystalline organic acid that is derived from salicin, a natural compound found in the bark of willow trees and other plants. Salicylic acid is widely used in various industries, including pharmaceuticals, cosmetics, agriculture, and food preservation, due to its anti-inflammatory, antimicrobial, and exfoliating properties.
The global salicylic acid market was valued at USD 451.51 Million in 2021, and it is expected to reach a value of USD 893.93 Million by 2028, at a CAGR of 7.7% over the forecast period (2022–2028).
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- Pharmaceutical Industry Dominance: The pharmaceutical industry is the largest consumer of salicylic acid, accounting for a significant share of the market. Salicylic acid is used in various pharmaceutical applications, including as an active ingredient in acne medications, wart removers, dandruff shampoos, and pain relief creams. The increasing prevalence of skin conditions such as acne and psoriasis, along with the growing awareness about personal health and hygiene, is driving the demand for salicylic acid in the pharmaceutical industry.
- Cosmetic Industry Demand: The cosmetic industry is another major end-user of salicylic acid. Salicylic acid is used in cosmetics and personal care products for its exfoliating properties, which help in removing dead skin cells and unclogging pores, making it an effective ingredient in skincare and hair care products. The growing demand for skincare and hair care products, along with the increasing focus on natural and organic ingredients, is boosting the demand for salicylic acid in the cosmetic industry.
- Agriculture Applications: Salicylic acid is used in agriculture as a plant growth regulator and as a component in plant protection products. It helps in stimulating plant growth, improving crop yield, and enhancing the plant’s resistance to diseases and pests. The increasing demand for high-quality agricultural produce and the need for sustainable agriculture practices are driving the demand for salicylic acid in the agriculture sector
- Food Preservation:
- Technological Advancements:
- Regulatory Landscape:
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Examining KW Outlook: Historical Statistics and Critical Determining Factors
- Global Salicylic Acid Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
- Key Data (Revenue): Global Salicylic Acid Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Global Salicylic Acid Market Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
- Competitive Landscape: By Manufacturers, Development Trends.
- Industry Trends: Global Revenue, Status, and Outlook.
- Market Segment: By Types, By Applications, By Regions/ Geography.
Key players Covered are:
Alfa Aesar (US), J.M. Loveridge Ltd. (UK), Boots UK Ltd. (UK), Alta Laboratories Ltd. (India), Siddharth Carbochem Products Ltd. (India), Zhenjiang Gaopeng Pharmaceutical Co. Ltd (China), Novocap SA (Argentina), Simco Chemicals (India), Neutrogena Corporation (US), Clean & Clear (US), St. Ives (Switzerland), Tyson Foods Inc. (US), Heinz (US), Mondelez International (US), The Ordinary (Canada)
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Geographic Segment Analysed in the Report:
The Global Salicylic Acid Market report is organized into the following regions and countries.
- North America (USA and Canada)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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