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Global Salicylic Acid Market: By End Use: Pharmaceuticals, Personal Care, Food and Preservative, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Value Chain Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Salicylic Acid Market Outlook

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.

 

Global Salicylic Acid Market Report and Forecast 2021-2026

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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.

 

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:

 

Global Salicylic Acid Market by EndUse

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  • Pharmaceuticals
  • Personal Care
  • Food and Preservative
  • Others

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.

 

Global Salicylic Acid Market By Region

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Market Analysis

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.

 

Competitive Landscape

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:

  • Seqens (Novacap)
  • Sigma-Aldrich, Inc 
  • Alta Laboratories Ltd 
  • JM Loveridge Limited 
  • Zhenjiang Gaopeng Pharmaceutical Co., Ltd. 
  • Hebei Jingye Group
  • Siddharth Carbochem Products Ltd 
  • Others

The comprehensive report also gives a SWOT analysis along with an analysis of the Porter’s Five Forces model.

*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.

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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 (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Salicylic Acid Market Breakup by End Use
        6.2.1    Pharmaceuticals
        6.2.2    Personal Care
        6.2.3    Food and Preservative
        6.2.4    Others 
    6.3    Figure: Global Salicylic Acid Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Pharmaceuticals
        6.3.2    Personal Care
        6.3.3    Food and Preservative
        6.3.4    Others 
    6.4    Chart: Global Salicylic Acid Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United States of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    Germany
            6.4.2.2    United Kingdom
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East & Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Salicylic Acid Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    North America
            6.5.1.1    United States of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    Germany
            6.5.2.2    United Kingdom
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East & Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    Regional Salicylic Acid Price Analysis
    7.1    North America Salicylic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.2    Europe Salicylic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.3    Asia Pacific Salicylic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.4    Latin America Salicylic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.5    Middle East & Africa Salicylic Acid Historical Price Trends (2016-2020) & Forecast (2021-2026)
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
    9.1    Phenol
    9.2    Global Phenol Market Analysis
        9.2.1    Figure: Global Phenol Market Historical Market (2016-2020) & Forecast (2021-2026)
        9.2.2    Chart: Global Phenol Market Breakup by Application
            9.2.2.1    Polycarbonate
            9.2.2.2    Phenolic Resin
            9.2.2.3    Epoxy Resin
            9.2.2.4    Nylon
            9.2.2.5    Alkyl Phenol
            9.2.2.6    Others
        9.2.3    Chart: Global Phenol Market Breakup by Regions
            9.2.3.1    North America
            9.2.3.2    Europe
            9.2.3.3    Asia Pacific
            9.2.3.4    Latin America
            9.2.3.5    Middle East & Africa
    9.3    Regional Phenol Price Analysis
        9.3.1    North America Historical Price Trends (2016-2020) & Forecast (2021-2026)
        9.3.2    Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)
        9.3.3    Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)
        9.3.4    Latin AmericaHistorical Price Trends (2016-2020) & Forecast (2021-2026)
        9.3.5    Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)
    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
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses 
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porter’s Five Forces Analysis

    12.1    Overview
    12.2    Buyer’s Power
    12.3    Supplier’s power
    12.4    New Entrants
    12.5    Degree of Rivalry
    12.6    Substitutes
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
    13.6    Others
14    Industry 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
    16.2    Construction
    16.3    Plant Machinery
    16.4    Cost of Raw Material
    16.5    Packaging
    16.6    Transportation
    16.7    Utilities
    16.8    Manpower
    16.9    Other Capital Investment

Analyst Review

The global salicylic acid market attained a value of USD 410 million in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 5.3%. The industry 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. 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:

  • How has the global salicylic acid market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the industry for 2021-2026?
  • What are the major market drivers and constraints?
  • What are the major price and demand indicators of the salicylic acid industry?
  • What are the price trends of salicylic acid in the global industry?
  • What are the key manufacturers of salicylic acid in the global industry?
  • What is the degree of competition in the global market?
  • What are the import and export trends in the global market?
  • Who are the top importers and exporters of salicylic acid in the global industry?
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