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Global Salicylic Acid Market is Expected to Grow at a CAGR of 5.3% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Salicylic Acid Market Report and Forecast 2022-2027’, the global salicylic acid market attained a value of about USD 410 million in 2020. The industry is further expected to grow at a CAGR of 5.3% in the forecast period of 2022-2027 to reach a value of USD 559 million by 2027.

The global salicylic acid market is being driven by its extensive demand from its end-use sectors. Salicylic acid is a lipophilic monohydroxybenzoic acid, which is odourless and colourless. It is widely used in the pharmaceutical as well as in the cosmetic industry. It has antioxidant properties, which make it a popular chemical in the personal care and cosmetics industry. Thus, pharmaceutical and personal care are some of the significant end-use sectors of the product, which are driving the growth of the global salicylic acid market. Salicylic acid has been adopted as a significant ingredient in personal care products by major players such as Procter & Gamble (NYSE: PG) and Unilever (NYSE: UL). There has also been an increase in the demand for the use of salicylic acid as preservatives to extend the shelf-life of products such as sauces, beer, and wine.

As salicylic acid is used extensively in cosmetics, the consumers are increasingly looking for natural and organic products to ensure that they are not being exposed to harmful chemicals. In 2016, Alban Muller, specialising in the creation and production of natural products catering to beauty and health industries, launched the first 100 % natural salicylic acid. Amiperfect ER, the new ingredient, is a plant extract and, thus, far preferable than its other variants. This version will tap into the growing consumer demands for natural products. It is supposed to have multiple skin and hair benefits like wrinkle smoothening and tackling oily and dandruff prone hair. This new formula is supposed to follow two major trends – anti-ageing and naturals. The launch of such products by the industry players is expected to propel the growth of the market in the coming years as well.

Market Analysis by End Use and Region:

  • Salicylic Acid MarketThe market, based on the end-use segments, can be divided into pharmaceuticals, personal care, food and preservative, and other segments.
  • Salicylic Acid MarketThe regional markets for salicylic acid include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Salicylic Acid MarketThe rising demand for processed food, which requires increased shelf life, is driving the growth of the salicylic acid market.
  • Salicylic Acid MarketThe growing awareness of the benefits of salicylic acid on health and hair are fuelling the market of salicylic acid.
  • Salicylic Acid MarketThe market is estimated to grow due to the growing demand for acne reduction products and facial creams.
  • Salicylic Acid MarketAspirin (acetylsalicylic acid) is a crucial drug manufactured using salicylic acid, and due to its fast relief properties and extensive demand, it is expected to help the salicylic acid market grow in the coming years.

Key Offerings of the Report:

  • Salicylic Acid MarketThe EMR report gives an overview of the global salicylic acid market for the periods (2017-2021) and (2022-2027).
  • Salicylic Acid MarketThe report also offers the historical (2017-2021) and forecast (2022-2027) markets for the feedstock, end-uses, and major regions of salicylic acid.
  • Salicylic Acid MarketIt assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • Salicylic Acid MarketThe market report also analyses the trade data by covering the major importing and exporting countries.

The major players in the global salicylic acid market are Seqens International, JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co., Ltd, Hebei Jingye Group, and Siddharth Carbochem Products Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

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.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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