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The global salicylic acid market attained a value of USD 410 million in 2020. The market is further expected to grow in the forecast period of 2021-2026, growing at a CAGR of 5.3%. The salicylic acid market is projected to reach USD 559 million by 2026.
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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.
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:
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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.
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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.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region|
|Breakup by End Use||Pharmaceuticals, Personal Care, Food and Preservative, Others|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|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 International, JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Hebei Jingye Group 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.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Salicylic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Salicylic Acid Historical Market (2016-2020)
8.3 Global Salicylic Acid Market Forecast (2021-2026)
8.4 Global Salicylic Acid Market by End Use
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.4.2 Personal Care
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2016-2020)
188.8.131.52 Forecast Trend (2021-2026)
8.4.3 Food and Preservative
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2016-2020)
18.104.22.168 Forecast Trend (2021-2026)
8.5 Global Salicylic Acid Market by Region
8.5.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Global Trade Analysis (HS Code-291821)
13.1 Major Exporting Countries: by Value & Volume
13.2 Major Importing Countries: by Value & Volume
14 Global Salicylic Acid Feedstock Overview
14.2 Global Phenol Market Analysis
14.2.1 Global Phenol Market Historical Market (2016-2020)
14.2.2 Global Phenol Forecast Market (2021-2026)
14.2.3 Global Phenol Market Breakup by Application
184.108.40.206 Phenolic Resin
220.127.116.11 Epoxy Resin
18.104.22.168 Alkyl Phenol
14.3 Global Phenol Market by Region
14.3.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
14.4 Phenol Price Analysis
14.5 Global Phenol (HS Code-290711) Trade Analysis
14.5.1 Major Exporting Countries by Value & Volume
14.5.2 Major Importing Countries by Value & Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Seqens International
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.2 JM Loveridge Limited
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.3 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15.2.4 Hebei Jingye Group Co., Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15.2.5 Siddharth Carbochem Products Ltd
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
16 Industry Events and Developments
List of Figures and Tables
1. Global Salicylic Acid Market: Key Industry Highlights, 2016 and 2026
2. Global Salicylic Acid Historical Market: Breakup by End Use (USD Million), 2016-2020
3. Global Salicylic Acid Market Forecast: Breakup by End Use (USD Million), 2021-2026
4. Global Salicylic Acid Historical Market: Breakup by Region (USD Million), 2016-2020
5. Global Salicylic Acid Market Forecast: Breakup by Region (USD Million), 2021-2026
6. North America Salicylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
7. North America Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
8. Europe Salicylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
9. Europe Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Asia Pacific Salicylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
11. Asia Pacific Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Latin America Salicylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
13. Latin America Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Middle East and Africa Salicylic Acid Historical Market: Breakup by Country (USD Million), 2016-2020
15. Middle East and Africa Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Major Exporting Countries by Value
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value
19. Major Importing Countries by Volume
20. Global Salicylic Acid Market Structure
In 2020, the global salicylic acid market attained a value of nearly USD 410 million.
The market is projected to grow at a CAGR of 5.3% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 559 million by 2026.
The major drivers of the market include the rising demand from the pharmaceutical sector, increasing consumer awareness of drugs, rising consumerisation of health, growing disposable incomes, and rising demand for processed foods.
The increasing demand from the food and beverage and cosmetics industries is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading end use sectors of salicylic acid in the industry are pharmaceuticals, personal care, and food and preservative, among others.
The major players in the industry are Seqens (Novacap), Sigma-Aldrich Inc., JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Hebei Jingye Group, and Siddharth Carbochem Products Ltd., among others.
The global salicylic acid market attained a value of USD 410 million in 2020, driven by the rising demand from the pharmaceutical sector. Aided by the increasing prevalence of skin conditions, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.3%. The market is projected to reach USD 559 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end use, the salicylic acid industry can be segmented into pharmaceuticals, personal care, food and preservative, and others. The major regional markets for salicylic acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Seqens (Novacap), Sigma-Aldrich Inc., JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Hebei Jingye Group, Siddharth Carbochem Products Ltd., and 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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