The global salicylic acid market attained a value of USD 410 million in 2019. The market is further expected to grow in the forecast period of 2020-2025, growing at a CAGR of 5.3%. The salicylic acid market is projected to reach USD 559 million by 2025.
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The industry is being driven by the continuous and rising demand from the pharmaceutical sector. Salicylic acid is used as an anti-microbial and anti-inflammatory agent. It also finds uses as a fungicidal. Thus, salicylic acid finds extensive use in the treatment of common skin ailments like acne, blemishes, and psoriasis. Being anti-microbial it also finds applications as an antiseptic and disinfectant. Its anti-inflammatory properties make it an effective pain reliever. With increasing incidences of skin infections and conditions like arthritis, spondylitis, and migraine, the salicylic acid market is expected to witness a healthy growth in the coming years due to the product’s various pharmaceutical properties. The industry is also being aided by the product’s use in the manufacturing of aspirin, one of the most popular drugs in the world. Aspirin, which is used to treat pain, swelling, fever, and other inflammations, is produced by the esterification of salicylic acid and acetic anhydride, with sulphuric acid acting as a catalyst in the process.
North America and Europe are some of the leading salicylic acid markets. The industry in the two regions are being aided by the growth of their pharmaceutical industries. The pharmaceutical market in these regions are being aided by the rising consumer awareness of drugs and increasing consumerization of health due to the increased availability of data. The pharmaceutical industry and, therefore, the salicylic market, in the two regions are also being aided by the growing ageing population in North America and Europe. Europe is expected to be the most aged region globally, with nearly 34% of the population being 60 years or over by 2050. North America, too, is projected to have a large ageing population, with 28% of its population expected to reach 60 years or over by 2050. The growing consumer health care market in North America and Europe is also aiding the salicylic industry in the two regions. The United States of America and Europe are the leading markets for consumer healthcare products due to the two regions’ extensive healthcare apparatus and better access to public and private health insurance.
Properties and Applications
Salicylic acid can be either obtained naturally from sources like wintergreen leaves and white willow or can be artificially synthesized. Its fungicidal, bacteriostatic, and keratolytic properties find wide application in end-use sectors like:
The report also looks into the regional market of the product like North America, the Asia Pacific, the Middle East and Africa, Europe, and Latin America.
The global salicylic acid market is being driven by the growing pharmaceutical industry across the world. The rise in self-medication and the consumption of over the counter drugs is also driving the industry growth. The growing cases of lifestyle diseases associated with joint and muscle pain is also propelling the industry forward. In the coming years, the Asia Pacific market for salicylic acid is expected to witness a healthy growth due to the growth of the pharmaceutical industry in the region. The consumer healthcare sector in the region is projected to grow faster than North America and Europe. India, China, Japan, and South Korea are expected to propel the growth of the pharmaceutical industry in the coming years. The Indian pharmaceutical industry accounts for the third largest volume of drugs, globally, with the industry generating an annual revenue of USD 38 billion. Thus, the growth of the pharmaceutical industry in India is expected to further boost the growth of the salicylic acid, which finds use in various drug, either directly or through its derivative.
The salicylic acid market is also expected to be catalyzed by the growing disposable incomes of consumers along with the rising ageing and middle-class population. The healthy growth of the food and beverage sector globally is further expected to boost the industry growth as the acid finds extensive application as a food preservative. With changing and busier lifestyles, consumers are increasingly seeking out processed foods which require preservatives for their longer shelf life. Thus, increasing consumption of processed foods are also expected to drive the industry growth, globally. The North America food and beverage market is, especially, projected to contribute significantly to the industry growth of the acid with leading food and beverage players being headquartered in the region. The emerging food and beverage markets in the Asia Pacific will also contribute to the growth of the industry in the food preservative segment. The cosmetic industry is also expected to be major end-use sector for the acid in coming years.
The report gives an in-depth analysis of the following key players in the global salicylic acid market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, capacity expansions, and plant turnarounds:
The comprehensive report also gives a SWOT analysis along with an analysis of the Porter’s Five Forces model.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Salicylic Acid Market Analysis
6.1 Figure: Global Salicylic Acid Market Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Salicylic Acid Market Breakup by End Use
6.2.2 Personal Care
6.2.3 Food and Preservative
6.3 Figure: Global Salicylic Acid Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Personal Care
6.3.3 Food and Preservative
6.4 Chart: Global Salicylic Acid Market Breakup by Region
6.4.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.5 Figure: Global Salicylic Acid Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 Regional Salicylic Acid Price Analysis
7.1 North America Salicylic Acid Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.2 Europe Salicylic Acid Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.3 Asia Pacific Salicylic Acid Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.4 Latin America Salicylic Acid Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.5 Middle East & Africa Salicylic Acid Historical Price Trends (2015-2019) & Forecast (2020-2025)
8 Global (HS Code-291821) Trade Analysis
8.1 Major Exporting Countries: by Value & Volume
8.2 Major Importing Countries: by Value & Volume
9 Global Salicylic Acid Feedstock Overview
9.2 Global Phenol Market Analysis
9.2.1 Figure: Global Phenol Market Historical Market (2015-2019) & Forecast (2020-2025)
9.2.2 Chart: Global Phenol Market Breakup by Application
18.104.22.168 Phenolic Resin
22.214.171.124 Epoxy Resin
126.96.36.199 Alkyl Phenol
9.2.3 Chart: Global Phenol Market Breakup by Regions
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East & Africa
9.3 Regional Phenol Price Analysis
9.3.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3.4 Latin AmericaHistorical Price Trends (2015-2019) & Forecast (2020-2025)
9.3.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.4 Global Phenol (HS Code-290711) Trade Analysis
9.4.1 Major Exporting Countries by Value & Volume
9.4.2 Major Importing Countries by Value & Volume
10 SWOT Analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.2 Buyer’s Power
12.3 Supplier’s power
12.4 New Entrants
12.5 Degree of Rivalry
13 Competitive Landscape & Supplier Analysis
13.1 Seqens (Novacap)
13.1.1 Company Overview
13.1.2 Financial Analysis
13.2 JM Loveridge Limited
13.2.1 Company Overview
13.2.2 Financial Analysis
13.3 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
13.3.1 Company Overview
13.3.2 Financial Analysis
13.4 Hebei Jingye Group
13.4.1 Company Overview
13.4.2 Financial Analysis
13.5 Siddharth Carbochem Products Ltd
13.5.1 Company Overview
13.5.2 Financial Analysis
14 Events and Developments
Additional Customisation Available:
15 Manufacturing Process
15.1 Detailed Process Flow
15.2 Operations Involved
15.3 Mass Balance
16 Cost Analysis
16.1 Land, Location and Site Development
16.3 Plant Machinery
16.4 Cost of Raw Material
16.9 Other Capital Investment
The global salicylic acid market attained a value of USD 410 million in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.3%. The industry is projected to reach USD 559 million by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of end-use, the industry can be segmented into pharmaceuticals, personal care, and food and preservative, among others. The major regional salicylic acid markets are North America, the Asia Pacific, the Middle East and Africa, Europe, and Latin America, with North America and Europe accounting for the largest shares of the industry. The key players in the above market include Seqens (Novacap), Sigma-Aldrich, Inc, Alta Laboratories Ltd, JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Hebei Jingye Group, Siddharth Carbochem Products Ltd, and others.
The major drivers of the market such as rising disposable incomes, increasing population, and growing demand from end use sectors like pharmaceutical, food, and personal care industries are expected to aid the market growth. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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