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Global Methyl Salicylate Market: By Application: Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments
Global Methyl Salicylate Market Outlook
The global methyl salicylate market is being aided by the salicylate market. The global salicylate market is expected to grow at a CAGR of 4.8% in the forecast period of 2023-2028.
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Growing Demand from the Pharmaceutical Industry to Aid the Market Growth of Methyl Salicylate
The market growth of methyl salicylate is on the rise due to the growing demand from its application industries like pharmaceuticals. The product is employed in a variety of applications like pharmaceutical, industrial, and cosmetics. Moreover, the product is classified as a topical analgesic, due to which it is extensively employed in essential oil formulations and pain-relieving rubs to provide relief from arthritis and other aches. Methyl salicylate has several properties like being a superior intermediate for the synthesis of certain industrial, pharmaceutical, and agrochemical molecules, which has also encouraged the growth of methyl salicylate. In addition, methyl salicylate is also used for medical applications like curing certain skin ailments, like psoriasis, acne, dandruff, and blemishes. Methyl salicylate is used as a preservative in food, and as an intermediate for the production of fragrances and chemicals. The rising demand for these products is aiding the market growth of methyl salicylate.
Methyl Salicylate: Market Segmentation
Methyl salicylate is an organic ester methanol and salicylic acid that is naturally developed by several species of plants, specifically wintergreens. It is also an active ingredient in the wintergreen oil. Methyl salicylate is used in various sectors like pharmaceuticals, food and beverage, and liniments, among others.
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On the basis of application, the market is divided into:
- Food and Beverages
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Awareness for Personal Care to Aid the Market Growth of Methyl salicylate
The market growth of methyl salicylate is being driven by the rising demand for personal care products like skin care and hair care. This can be attributed to the rising awareness for hair and skin, which is expected to facilitate the market growth over the forecast period as well. In addition, the rising demand for pharmaceuticals is also predicted to enhance the market growth of methyl salicylate. Further, the increasing demand for methyl salicylate in the pharmaceutical sector for the production of various drugs and ointments is also estimated to invigorate the market growth over the forecast period. The growth of the pharmaceutical industry on account of various initiatives undertaken by certain governmental bodies, along with the rising awareness about the well-being among consumers, is predicted to boost the demand for methyl salicylate in the coming years.
Key Industry Players in the Global Methyl Salicylate Market
The report gives a detailed analysis of the following key players in the global methyl salicylate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Seqens Group
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- Alta Laboratories Ltd.
- Tokyo Chemical Industry Co., Ltd.
- Siddharth Carbochem Products Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Seqens Group, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Alta Laboratories Ltd., Tokyo Chemical Industry Co., Ltd., Siddharth Carbochem Products Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Methyl Salicylate Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Salicylate Historical Market (2018-2022)
8.3 Global Methyl Salicylate Market Forecast (2023-2028)
8.4 Global Methyl Salicylate Market by Application
8.4.1 Food and Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cosmetics and Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3.1 Market Share
8.4.3 Pharmaceuticals
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Methyl Salicylate Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Seqens Group
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Alta Laboratories Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Tokyo Chemical Industry Co., Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Siddharth Carbochem Products Ltd.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Methyl Salicylate Market: Key Industry Highlights, 2016 and 2026
2. Global Methyl Salicylate Historical Market: Breakup by Application (USD Billion), 2018-2022
3. Global Methyl Salicylate Market Forecast: Breakup by Application (USD Billion), 2023-2028
4. Global Methyl Salicylate Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Methyl Salicylate Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Methyl Salicylate Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Methyl Salicylate Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. North America Historical Price Trends and Forecast 2018-2028
17. Europe Historical Price Trends and Forecast 2018-2028
18. Asia Pacific Historical Price Trends and Forecast 2018-2028
19. Latin America Historical Price Trends and Forecast 2018-2028
20. Middle East and Africa Historical Price Trends and Forecast 2018-2028
21. Global Methyl Salicylate Market Structure
Key Questions Answered in the Report
The global methyl salicylate market is being aided by the rising salicylate market, which is projected to grow at a CAGR of 4.8% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, and extensive applications from end use sectors, are expected to aid the market growth.
The key trend guiding the growth of the market includes the emphasis on research and development activities for decreasing the risks of Hughes syndrome, strokes, and dementia, among patients.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the market are food and beverages, cosmetics and personal care, and pharmaceuticals, among others.
The major players in the industry are Seqens Group, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Alta Laboratories Ltd., Tokyo Chemical Industry Co., Ltd., and Siddharth Carbochem Products Ltd., among others.
Analyst Review
The global methyl salicylate market is being driven by the rising salicylate market. Aided by the growing research and development activities, the salicylate market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 4.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into food and beverages, cosmetics and personal care, and pharmaceuticals, among others. The major regional markets for methyl salicylate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Seqens Group, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Alta Laboratories Ltd., Tokyo Chemical Industry Co., Ltd., and Siddharth Carbochem Products Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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