Salicylic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Salicylic Acid Market is Segmented by Application (Food and Beverage, Cosmetics and Personal Care, and Pharmaceuticals) and Geography.

Market Snapshot

Salicylic Acid Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: South America
Largest Market: North America
CAGR: 4.8 %
Salicylic Acid Market Key Players

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Market Overview

The salicylic acid market is projected to register a CAGR of 4.8% during the forecast period 2020-2025.

  • An increase in the prevalence of chronic acne vulgaris in adults and teenagers, owing to sedentary lifestyles and increased consumption of fast food items, may accelerate the salicylic acid demand.
  • Salicylic acid has also been shown to have anti-inflammatory and antimicrobial properties. When used in combination with benzoic acid in the ointment, it has fungicidal properties.
  • Furthermore, salicylic acid’s extensive application in the pharmaceutical industry to manufacture various medicines, such as acetylsalicylic acid, phenyl salicylate, sodium salicylate, methyl salicylate, and methyl salicylate may foster market growth.

Scope of the Report

The salicylic acid market is segmented by application and geography. On the basis of application, the market is segmented into food and beverage and cosmetics and personal care, pharmaceuticals. On the basis of geography, the study provides an analysis of the salicylic acid market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Application
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Salicylic Acid in the Skincare Industry

The cosmetic industry holds a major share in the salicylic acid market. Salicylic acid is widely used in the treatment of many common dermatological conditions due to its keratoplastic properties. Moreover, the growing demand for dermatological treatment products such as acne solutions across the globe drives the market for premium salicylic acid. Premium salicylic acid is increasingly used in dermatological applications to treat hyperkeratotic skin disorders attributing to the superior anti-inflammatory, antimicrobial, and keratolytic properties. Salicylic acid effectively treats chronic plaque psoriasis, especially when it is being used as an adjunctive therapy. It is also used for the treatment of diseases, like ichthyoses, verruca, and keratoderma, as it possesses the ability to soften the wound and exfoliate the stratum corneum. The growing acceptance of salicylic acid in the skincare industry is boosting the market growth during the forecast period.

Salicylic Acid Market Key Trends

Asia-Pacific Holds the Significant Market Share

The salicylic acid market is largely dominated by countries, like the United States, Canada, Japan, China, and the United Kingdom. Asia-Pacific remains the fastest-growing market for salicylic acid in 2018, owing to strong demand surge from developed countries, such as China and Japan. The manufacturers are eyeing on this potential region and investing heavily to bring the latest innovations and increase production capacity to cater to the increasing demand in the region. Owing to the robust production and largest export of salicylic acid in the country, China poses high power in regulating the global ingredient price.

Salicylic Acid Market Growth by Region

Competitive Landscape

The salicylic acid market is highly fragmented with various regional players, such as Zhenjiang Gaopeng Pharmaceutical Co. Ltd, Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd, Thermo Fisher Scientific, and Merck & Co Inc. The presence of domestic players is huge, where most of the players are operating their businesses in smaller scales.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Food and Beverage

      2. 5.1.2 Cosmetics and Personal Care

      3. 5.1.3 Pharmaceuticals

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 Germany

        3. 5.2.2.3 France

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Zhenjiang Gaopeng Pharmaceutical Co. Ltd

      2. 6.4.2 Hebei Jingye Group

      3. 6.4.3 Shandong Xinhua Longxin Chemical Co. Ltd

      4. 6.4.4 Siddharth Carbochem Products Ltd

      5. 6.4.5 Thermo Fisher Scientific

      6. 6.4.6 Alta Laboratories Ltd

      7. 6.4.7 Merck & Co. Inc.

      8. 6.4.8 J.M. Loveridge Ltd

      9. 6.4.9 Spectrum Chemical Manufacturing Corp

      10. 6.4.10 Seqens SAS

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Salicylic Acid Market market is studied from 2016 - 2026.

The Salicylic Acid Market is growing at a CAGR of 4.8% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Zhenjiang Gaopeng Pharmaceutical CO,.Ltd, Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd, Merck KGaA, Thermo Fisher Scientific are the major companies operating in Salicylic Acid Market.

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