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Global Salicylic Acid Market Size, Share, Growth, Trends: By End Use: Pharmaceuticals, Personal Care, Food and Preservative, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis, Price Analysis; Competitive Landscape; 2024-2032
Global Salicylic Acid Market Outlook
The global salicylic acid market attained a value of USD 478.70 million in 2023. The market is further expected to grow in the forecast period of 2024-2032, growing at a CAGR of 5.30%. The salicylic acid market is projected to reach USD 762.04 million by 2032.
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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 trends 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.
Global Salicylic Acid Market Segmentation
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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- 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 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 industry, which finds use in various drug, either directly or through its derivative.
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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 International
- 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 Salicylic Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Salicylic Acid Historical Market (2018-2023)
8.3 Global Salicylic Acid Market Forecast (2024-2032)
8.4 Global Salicylic Acid Market by End Use
8.4.1 Pharmaceuticals
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Food and Preservative
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Salicylic Acid 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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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
13 Trade Analysis (HS Code-291821)
13.1 Major Exporting Countries: by Value & Volume
13.2 Major Importing Countries: by Value & Volume
14 Feedstock Analysis
14.1 Global Phenol Market Analysis
14.1.1 Global Phenol Historical Market (2018-2023)
14.1.2 Global Phenol Forecast Market (2024-2032)
14.1.3 Global Phenol Market Breakup by Application
14.1.3.1 Polycarbonate
14.1.3.2 Phenolic Resin
14.1.3.3 Epoxy Resin
14.1.3.4 Nylon
14.1.3.5 Alkyl Phenol
14.1.3.6 Others
14.2 Global Phenol Market by Region
14.2.1 Market Share
14.2.1.1 North America
14.2.1.2 Europe
14.2.1.3 Asia Pacific
14.2.1.4 Latin America
14.2.1.5 Middle East and Africa
14.3 Phenol Price Analysis
14.4 Phenol (HS Code-290711) Trade Analysis
14.4.1 Major Exporting Countries by Value & Volume
14.4.2 Major Importing Countries by Value & Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Seqens International
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 JM Loveridge Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hebei Jingye Group Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Siddharth Carbochem Products Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Industry Events and Developments
List of Key Figures and Tables
1. Global Salicylic Acid Market: Key Industry Highlights, 2017 and 2027
2. Global Salicylic Acid Historical Market: Breakup by End Use (USD Million), 2018-2023
3. Global Salicylic Acid Market Forecast: Breakup by End Use (USD Million), 2024-2032
4. Global Salicylic Acid Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Salicylic Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Salicylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Salicylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Salicylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Salicylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Salicylic Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Salicylic Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
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 Phenol Market: Key Industry Highlights, 2017 and 2027
21. Global Phenol Historical Market: Breakup by Region (USD Million), 2018-2023
22. Global Phenol Market Forecast: Breakup by Region (USD Million), 2024-2032
23. Phenol Major Exporting Countries by Value
24. Phenol Major Exporting Countries by Volume
25. Phenol Major Importing Countries by Value
26. Phenol Major Importing Countries by Volume
27. Global Phenol Market Structure
Key Questions Answered in the Report
In 2023, the global salicylic acid market attained a value of nearly USD 478.70 million.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 762.04 million by 2032.
The major market drivers include the rising demand for salicylic acid in the pharmaceutical sector, increasing health consciousness, growing disposable incomes, and rising demand for processed foods.
The key trends guiding the market include the increasing demand for salicylic acid in the food and beverage sector, the growing cosmetics sector, and the surging incidences of skin infections.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major end uses of salicylic acid in the market are pharmaceuticals, personal care, and food and preservatives, among others.
The key market players include Seqens International, JM Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Hebei Jingye Group Co., Ltd., and Siddharth Carbochem Products Ltd, among others.
Analyst Review
The global salicylic acid market attained a value of USD 478.70 million in 2023, 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 2024-2032, growing at a CAGR of 5.30%. The market is projected to reach USD 762.04 million by 2032.
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 International, 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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