Global salicylic acid market is expected to increase to USD 540.2 billion by 2032

Pune, India, January, 2017 /MRFR Press Release/- Market Research Future has a half-cooked research report on global salicylic acid market which is growing rapidly and expected to continue its growth till 2032.

Market Highlights

The global salicylic acid market is expected to grow by USD 540.2 billion by 2032 growing with the CAGR of 10%. 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 problems 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 is 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.

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 2022 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.

Companies such as are Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals,have implemented acquisition and expansion of business strategies to increase their acrylic market’s presence geographically. Few global players have invested in R&D amenities to discover advanced and innovative folic products with higher efficacy rate and ease of use.

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.

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 2032.

Global Salicylic Acid Market Players:

Major participants of this market are: Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopen Pharmaceutical Co. Ltd., Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd., Loveridge Ltd. and others

Segmentation:

The global salicylic acid market is majorly segmented on the basis of by source and by application. Based on source the market is segmented into artificial/synthetic and natural salicylic acid.  On the basis of application the market is classified health care, food preservatives and cosmetics.

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