Salicylic Acid Market Synopsis:
Salicylic Acid Market Size Was Valued at USD 545.4 Million in 2023, and is Projected to Reach USD 1,117.82 Million by 2032, Growing at a CAGR of 8.3 % From 2024-2032.
Salicylic acid concerns the international commerce involving the manufacture, use, and demand for salicylic acid which is a colorless, crystalline organic compound obtained from several plants and sold commercially. The efficient, non-stained, non-toxic compound is used virtually in many drugs, cosmetics for skin and hair, and in foods due to its bacteriocidal, anti-neuralgic, and softening properties. It is used in manufacture of drugs such as aspirin, solutions for acne treatment, dandruff shampoos and in preservation of food as will be seen from the broad application in various industries.
This has led to a continued growth within the market through affirmations of reported requirements for salicylic acid not only from the medicinal industry but also from the cosmetic manufactures. It remains a mover because salicylic acid is used in other products such as non-steroidal anti-inflammatory drugs or NSAIDs comprising aspirin used in the treatment of ailments like pain, inflammation and cardiovascular disorders. To the like effect, by virtue of its anti-inflamatory and skin softening properties, it is a popular ingredient in preparations for dermatological use and cosmetics, particularly in products used in the management of acne and in shampoos for eradication of dandruff. Mounting prevalence of lifestyle diseases such as cardio-vascular diseases and skin diseases also call for increased usage of salicylic acid globally.
Another vital consideration in the market’s development is the personal care segment due to raising awareness regarding personal care products such as skincare and hair care products. Salicylic acid has also found a lot of demand in the preparations meant for the cure of acne, psoriasis and other skin disorders because of its abilities both to eliminate the dead layers of the skin and combat the bacterial presence. New social media, new trends in beauty, and changes in the consumers total active time, and an increase in the average disposable income per head are some of the boosting factors for those products especially in the developing countries. Besides, the food and beverage industries employ the use of salicylic acid in the preservation of their foods, such a move ensures that the industries are market relevant for a very long time.
Salicylic Acid Market Trend Analysis:
Rising Adoption of Salicylic Acid in Skincare Products
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There is taking of the products with salicylic acid because customers are becoming more conscious of their skin. This wonderful therapeutic agent for acne and blemishes has not taken long to find its place in face washes creams, serums and even exfoliating agents. The existence of e-commerce expanded the access of the premium and OTC skincare merchandise among the Millennial and Gen Z target clientele. Next, there is also new interesting concept in derma- formulations, which was applied to build new generations of salicylic acid with new tendency
Expanding Opportunities in Emerging Markets
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These new markets are deemed to provide better prospect for the growth of the salicylic acid industry in Asia-Pacific and Latin American area. By now, there is increased awareness of health and hygiene in urban area due to the increased and disposable income combined with high demand for quality products hence making the present time as the best for the launch of salicylic acid-based products. Pharmaceutical and personal care sectors in these areas are exploring vigorously because many health care facilities are improved, and availability of drugs and beauty products is easier. Additionally, developing countries’ consumers’ demand for processed and packaged foods will enhance the application of salicylic acid as food preservative, driving new development for the market.
Salicylic Acid Market Segment Analysis:
Salicylic Acid Market is Segmented on the basis of Application, Sales Channel, End User, and Region.
By Application, Pharmaceutical segment is expected to dominate the market during the forecast period
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Organised entities prefer using salicylic acid since it is a core input in the synthesis of acetyl salicyclic acid that is instrumental in, improving the treatment of pain, inflammation and cardiovascular illnesses worldwide. The incidence of rheumatic diseases such as arthritis, and cardiovascular diseases has risen greatly and this has also increased demand for NS AID more and this has highly favoured the pharmaceutical segment. Furthermore, increasing government concern to provide a better health care infrastructure and higher adoption for better drug and therapeutic products in the emerging markets will further continue to remains advantageous to the segment.
By Sales Channel, Offline retail segment expected to held the largest share
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It is with pleasure that the authors noted that the offline retail segment is expected to dominate the market share for salicylic acid for the forecast period. Chemist shops, supermarkets and specialty shops remain the major outlets through which pharmaceutical and personal care products with salicylic acid are sold. Offline media enable a consumer to buy an advertised commodity immediately and communicate with store officials where both online and offline options can be used especially in the sale of drugs. Pharmacacies deal in OTC and prescribed medication that incorporates salicylic acid, the common relief aids such aspirin and skincare products.
Salicylic Acid Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- The market for Salicylic Acid is predicted to experience high growth in North America over the mentioned timeframe because of its application in pharma, beauty, and the food industry. The late has a developed pharmaceutical industry and one of the largest consumers of pain relief and anti-inflammatory products for example aspirin. Increased incidence of lifestyle diseases such as cardiovascular diseases arthritis, chronic pain in the ageing population also helps fuel salicylic acid base drug demand.
- In addition to the medical use, there is a great demand for the development of personal care markets in North America in which skin care and hair care products containing salicylic acid are needed. Price plays a very sensitive aspect for the consumers in the region with regard to costly skin care products, while the top necessary products include acne products, face wash and anti-dandruff. The dreams of clean beauty and new upward trend of consumer shift towards natural and effective products has brought salicylic acid out as a perfect solution for cosmetic goods.
Active Key Players in the Salicylic Acid Market
- Alfa Aesar (U.S.)
- Alta Laboratories Ltd. (India)
- Hebei Jingye Group (China)
- JM Loveridge Ltd. (U.K.)
- Merck KGaA (Germany)
- Novacap Group (France)
- Shandong Xinhua Pharmaceutical Co. Ltd. (China)
- Siddharth Carbochem Products Ltd. (India)
- Simco Chemical Inc. (Canada)
- Thermo Fisher Scientific Inc. (U.S.)
- Tokyo Chemical Industry Co., Ltd. (Japan)
- Wego Chemical Group (U.S.)
- Zhengzhou Huaqiang Chemical Co. Ltd. (China)
- Zhenjiang Gaopeng Pharmaceutical Co. Ltd. (China)
- Zuchem Inc. (U.S.)
- Other Active Players.
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Global Salicylic Acid Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 545.4 Million |
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Forecast Period 2024-32 CAGR: |
8.3 % |
Market Size in 2032: |
USD 1,117.82 Million |
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Segments Covered: |
By Application |
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By Sales Channel |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Salicylic Acid Market by Product Type
4.1 Salicylic Acid Market Snapshot and Growth Engine
4.2 Salicylic Acid Market Overview
4.3 Front Loaders
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Front Loaders: Geographic Segmentation Analysis
4.4 Rear Loaders
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Rear Loaders: Geographic Segmentation Analysis
4.5 and Side Loaders
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 and Side Loaders: Geographic Segmentation Analysis
Chapter 5: Salicylic Acid Market by Application
5.1 Salicylic Acid Market Snapshot and Growth Engine
5.2 Salicylic Acid Market Overview
5.3 Urban Garbage Treatment
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Urban Garbage Treatment: Geographic Segmentation Analysis
5.4 Building & Mining Industry
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Building & Mining Industry: Geographic Segmentation Analysis
5.5 and Others
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 and Others: Geographic Segmentation Analysis
Chapter 6: Salicylic Acid Market by Technology
6.1 Salicylic Acid Market Snapshot and Growth Engine
6.2 Salicylic Acid Market Overview
6.3 Manual and Semi-/Fully Automatic
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Manual and Semi-/Fully Automatic: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Salicylic Acid Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ALFA AESAR (U.S.)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 ALTA LABORATORIES LTD. (INDIA)
7.4 HEBEI JINGYE GROUP (CHINA)
7.5 JM LOVERIDGE LTD. (U.K.)
7.6 MERCK KGAA (GERMANY)
7.7 NOVACAP GROUP (FRANCE)
7.8 SHANDONG XINHUA PHARMACEUTICAL CO. LTD. (CHINA)
7.9 SIDDHARTH CARBOCHEM PRODUCTS LTD. (INDIA)
7.10 SIMCO CHEMICAL INC. (CANADA)
7.11 THERMO FISHER SCIENTIFIC INC. (U.S.)
7.12 TOKYO CHEMICAL INDUSTRY CO. LTD. (JAPAN)
7.13 ZHENJIANG GAOPENG PHARMACEUTICAL CO. LTD. (CHINA)
7.14 ZHENGZHOU HUAQIANG CHEMICAL CO. LTD. (CHINA)
7.15 ZUCHEM INC. (U.S.)
7.16 WEGO CHEMICAL GROUP (U.S.)
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Salicylic Acid Market By Region
8.1 Overview
8.2. North America Salicylic Acid Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Product Type
8.2.4.1 Front Loaders
8.2.4.2 Rear Loaders
8.2.4.3 and Side Loaders
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Urban Garbage Treatment
8.2.5.2 Building & Mining Industry
8.2.5.3 and Others
8.2.6 Historic and Forecasted Market Size By Technology
8.2.6.1 Manual and Semi-/Fully Automatic
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Salicylic Acid Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Product Type
8.3.4.1 Front Loaders
8.3.4.2 Rear Loaders
8.3.4.3 and Side Loaders
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Urban Garbage Treatment
8.3.5.2 Building & Mining Industry
8.3.5.3 and Others
8.3.6 Historic and Forecasted Market Size By Technology
8.3.6.1 Manual and Semi-/Fully Automatic
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Salicylic Acid Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Product Type
8.4.4.1 Front Loaders
8.4.4.2 Rear Loaders
8.4.4.3 and Side Loaders
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Urban Garbage Treatment
8.4.5.2 Building & Mining Industry
8.4.5.3 and Others
8.4.6 Historic and Forecasted Market Size By Technology
8.4.6.1 Manual and Semi-/Fully Automatic
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Salicylic Acid Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Product Type
8.5.4.1 Front Loaders
8.5.4.2 Rear Loaders
8.5.4.3 and Side Loaders
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Urban Garbage Treatment
8.5.5.2 Building & Mining Industry
8.5.5.3 and Others
8.5.6 Historic and Forecasted Market Size By Technology
8.5.6.1 Manual and Semi-/Fully Automatic
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Salicylic Acid Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Product Type
8.6.4.1 Front Loaders
8.6.4.2 Rear Loaders
8.6.4.3 and Side Loaders
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Urban Garbage Treatment
8.6.5.2 Building & Mining Industry
8.6.5.3 and Others
8.6.6 Historic and Forecasted Market Size By Technology
8.6.6.1 Manual and Semi-/Fully Automatic
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Salicylic Acid Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Product Type
8.7.4.1 Front Loaders
8.7.4.2 Rear Loaders
8.7.4.3 and Side Loaders
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Urban Garbage Treatment
8.7.5.2 Building & Mining Industry
8.7.5.3 and Others
8.7.6 Historic and Forecasted Market Size By Technology
8.7.6.1 Manual and Semi-/Fully Automatic
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Global Salicylic Acid Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 545.4 Million |
|
Forecast Period 2024-32 CAGR: |
8.3 % |
Market Size in 2032: |
USD 1,117.82 Million |
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Segments Covered: |
By Application |
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By Sales Channel |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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