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Global Methyl Salicylate Market Expected to Grow at a Healthy Pace During 2021-2026, Driven by the Wide Application Range of the Product

According to a new report by EMR titled, 'Global Methyl Salicylate Market Report and Forecast 2021-2026', the global market for methyl salicylate is being aided by the growth of the salicylate market, which is projected to grow at a CAGR of 4.8% in the forecast period of 2021-2026.

The market growth of methyl salicylate is dependent on the wide application range of the product, such as flavouring agents in chewing gums and mints, offering fragrance to certain products, acts as an antiseptic material in household products like Listerine, and finds medical applications in the treatment of joint and muscular pain. The market for methyl salicylate is being supported by the high demand from mature regions like North America and Europe. This can be attributed to the huge presence of hair care and skin care industries in these regions as a result of significant demand for the chemical. Emerging regions like the Asia Pacific are expected to exhibit a rapid growth over the forecast period owing to growing skin care, hair care, and pharmaceutical industries in the region.

The market is further aided by the growing awareness associated with the health of hair and skin among consumers and the changing lifestyle of the masses, consequently affecting the demand for personal care products, thereby supporting the demand for methyl salicylate. These products are available on Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, which is dedicated to ease the process of purchasing and delivering fast to the buyers. The company also offers discounts and vouchers, as a result, promoting the sale of personal care products at reasonable prices, further enhancing the growth of the methyl salicylate industry.

Market Analysis by Application and Region:

  • The methyl salicylate industry, on the basis of application, is divided into food and beverage, cosmetics and personal care, and pharmaceuticals, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for methyl salicylate is being driven by the growing demand from the personal care industry.
  • The increasing concern and awareness for hair and skin are further facilitating the market growth.
  • Additionally, the market demand for the product from the pharmaceutical sector is aiding the market growth.
  • The research and development activities going on in the industry is further facilitating the market growth of methyl salicylate.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for methyl salicylate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the applications and major regions of methyl salicylate. 
  • It gives an in-depth look at the regional price trends in the global market for methyl salicylate.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Seqens Group, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Alta Laboratories Ltd., Tokyo Chemical Industry Co., Ltd., and Siddharth Carbochem Products Ltd., among others, are the key players in the global methyl salicylate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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