Market Size of Salicylic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.80 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Salicylic Acid Market Analysis
The global salicylic acid market is projected to register a CAGR of 4.8% during the period, 2022-2027.
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.
However, with the impact of COVID-19 the market has affected the demand due to closure at retail end and with the restricted working timing and transportation restrictions, raw material procurement has become another challenge impacting the manufacturing capacities of salycilic acid in the market. The lockdown measures led to the closure of manufacturing facilities and led to the disruptions in the supply chain impacting the supply and disribution of application sindustries.
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.
