Salicylic Acid Market Size, Share, Trends, Analysis, Demand and Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global salicylic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the salicylic acid market?
The global salicylic acid market size reached US$ 420.2
Million in 2022. Looking forward, IMARC Group expects the market to reach US$
613.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during
2023-2028.
What is salicylic acid?
Salicylic acid is a well-known organic compound commonly used in skincare
and medical treatments. As a beta hydroxy acid (BHA), it is lipid-soluble,
which enables it to penetrate oily skin and unclog pores, thus making it highly
effective in treating acne and other skin blemishes. In addition to its
cosmetic applications, salicylic acid has medicinal uses, particularly as an
anti-inflammatory agent. It's a key ingredient in aspirin, which helps to
reduce pain and inflammation. Historically, it was derived from willow bark,
and its medicinal properties have been recognized for centuries. Furthermore,
salicylic acid is used as a plant hormone in the agriculture industry to
promote growth and development. Its ability to act as a preservative is also
leveraged in the food industry.
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What are the growth prospects and trends in the salicylic acid industry?
The increasing demand for skin care products that address conditions like
acne, warts, and psoriasis is boosting the utilization of salicylic acid, which
represents one of the key factors driving the growth of the market across the
globe. In line with this, Salicylic acid's anti-inflammatory and pain-relieving
properties make it a key ingredient in medications like aspirin which is boosting
the growth of the market. The growing prevalence of cardiovascular diseases and
the need for pain management solutions are driving demand in this sector. The
growing global awareness of personal care and hygiene, especially among the
younger population, is leading to a rise in products containing salicylic acid.
The development of new formulations and combinations with other active
ingredients is broadening the applications of salicylic acid, which is creating
a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
·
Alfa Aesar (Thermo Fisher Scientific)
·
Alta Laboratories Limited
·
JM Loveridge Limited
·
Novacap, Inc.
·
Sigma-Aldrich Chemicals Private Limited
·
Siddharth Carbochem Products Limited
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Application:
- Pharmaceuticals
- Personal Care
- Food &
Preservatives
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and
Africa
Key Highlights of the Report:
- Market
Performance (2017-2022)
- Market Outlook
(2023-2028)
- Market Trends
- Market Drivers
and Success Factors
- Impact of
COVID-19
- Value Chain
Analysis
- Comprehensive
mapping of the competitive landscape
If you require any specific information that is not covered currently
within the scope of the report, we will provide the same as a part of the
customization.
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at the top of the company’s expertise.
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