Salicylic Acid Market Research Report- Forecast to 2030

Salicylic Acid Market Information-By Source artificial/synthetic and natural), By Applications (health care, food preservatives and cosmetics) and By Region - Forecast till 2030

ID: MRFR/CnM/1604-HCR | December 2022 | Region: Global | 132 Pages         

Salicylic Acid Market

Salicylic Acid Market is projected to be worth USD 540 Billion by 2030, registering a CAGR of 10% during the forecast period (2022 - 2030).

Segmentation

By Source artificial/synthetic natural
By Applications health care food preservatives cosmetics

Key Players

  • Alfa Aesar
  • Alta Laboratories
  • JM Loveridge Limited
  • Novocap
  • Siddharth Carbochem Products Ltd.
  • Simco Chemicals
  • Hebei Jingye Group
  • Loveridge Ltd

Drivers

  • Increasing health awareness in developing countries
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Salicylic Acid Market Overview


Salicylic Acid Market is projected to be worth USD 540 Billion by 2030, registering a CAGR of 10% during the forecast period (2022 - 2030). Salicylic is a unique type of monohydroxybenzoic acid. There are several molecular formulas in this aid such as the beta and phenolic. The physical properties of this acid are different from other chemicals. There is no odour or colour in this organic acid. Due to this transparent and odourless nature, the use of this chemical is prevalent in many products.


The use of salicylic acid is high in the pharmaceutical industry. Also, there is a wide range of purposes for this acid in the personal care industry. The factors that positively influence the market are raising demand from the food and beverages market. This acid is helpful to reduce any type of spoilage or fermentation in food items. There are lucrative growth opportunities in this market.


 Asia Pacific is a region that is having the highest adoption of salicylic acid. The growth f the pharmaceutical market is highest in this region. Due to the growing need, the investments in the salicylic acid market are rising. Further, the use of this acid in lotions, creams, oral care product and moisturizers are expanding growth. All these are factors that are having a positive impact on the market value. 




Study Objectives of
Salicylic acid  Market:



  • Studying market overview of salicylic acid

  • Estimating the market size by source and by application

  • To provide insights about market drivers, restrains and opportunities

  • To provide the present market analysis and future outlook of the same with respect to North America, Europe, Asia-Pacific along with other parts of the world.

  • To analyze the present status and future growth of global salicylic acid market based on various factors which includes  supply chain analysis, Porters Five Force analysis etc.

  • To provide strategic profiling of key players in the market and broadly analyzing their core competencies

  • To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments in the global salicylic acid market



Key Players

Key players of the global salicylic acid 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. 

Reasons to buy



  • This report includes an in-depth study about salicylic acid market.

  • It covers market segmentation by source and by application.

  • It helps in identifying region wise major suppliers and understanding the consumption pattern related to salicylic market.

  • The report will provide useful and premium insights that will support detail study about the salicylic acid market and allied companies by providing detail on the fast growing segments and regions.

  • In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness related to various products mentioned in the report.

  • The data used in the report is primarily based on primary interview with major producing companies and industry experts which are supported by authentic industry data from secondary sources.



Recent Development

May 2019 


The Ordinary is a skincare product company that is launching a new face mask. It contains about 2% of salicylic acid which is gaining more popularity among end-users. Other key ingredients along with the acid offer deep skin cleaning for the users. 


January 2020 


Boots is a company that is launching its new type of ingredient in all their skincare products. There are many benefits of this salicylic acid in all their skincare products. Removing excess oil in the skin and it will also make the skin refreshing. Due to these benefits, the supply of the product will increase. 


Intended Audience



  • Salicylic acid manufacturers

  • Traders and distributors of salicylic acid

  • Application industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Geographic Analysis 

The report covers brief analysis of geographical region such as:

North America



  • US

  • Canada



Europe



  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe



APAC



  • China

  • India

  • Japan

  • Rest of Asia-Pacific



RoW



  • South America

  • Middle East

  • Africa



The report about global salicylic acid market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and growth, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 540 Billion
  CAGR   10% (2022–2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Source artificial/synthetic and natural, By Applications and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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
  Key Market Opportunities

  • Health care
  • Food preservatives
  • Cosmetics.
  •   Key Market Drivers

  • Increasing health awareness in developing countries
  • Increased the consumption of food and beverages


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    Frequently Asked Questions (FAQ) :

    Rising health awareness and increasing use in cosmetics, food preservatives, and healthcare industries are boosting market growth.

    Healthcare sector will dominate the salicylic acid market.

    Key competitors in the salicylic acid market include Loveridge Ltd, Shandong Xinhua Longxin Chemical Co. Ltd., Hebei Jingye Group, Zhenjiang Gaopen Pharmaceutical Co. Ltd., Simco Chemicals, Siddharth Carbochem Products Ltd., Novocap, JM Loveridge Limited, Alta Laboratories, and Alfa Aesar.

    Different strategies adopted by industry players to maintain dominance in the salicylic acid market include strategic alliances, collaborations, and product launches.

    It has extensive applications in cosmetics, food preservatives, and health care sectors.