The global market size for salicylic acid is expected to hit USD 731.4 million by 2027. The market is driven by the increasing trend in the use of salicylic acid in food preservation, the extensive growth of the industries of cosmetic personal care, and the proliferation of sunscreen anti-acne products. Huge demand for skincare products, hair care products, and a sudden enormous increase in the growth of pharmaceutical products such as disinfectants, wart removal, over-the-counter antiseptic end-use drugs, and medicines have significantly propelled the industry's overall growth and are expected to contribute to market share in the coming years.
The growing popularity of the personal care industry consists of hair care and skincare products that help cure, respectively, dandruff, seborrheic dermatitis, acne repellant, dark spot removal, and others.
The region of Asia Pacific has one of the largest customer bases and holds a significant market share. This area is also expected to record the highest growth during the forecast period as a huge increase in demand for personal care cosmetics products consumer growth due to an increase in disposable income, especially in countries such as, among others, China, India, and Indonesia.
North America is projected to grow at a CAGR of 7.7% over the period 2020 to 2027 due to the high consumer interest in pharmaceutical products and healthy food preservation, especially in the U.S. and Canada. The involvement of major players in the area has played a significant role in rising market penetration.
In this sector, Europe is a client, and a market share of 18.6% is predicted to be kept by 2027. Countries such as Germany, the United Kingdom and Spain, among others, are increasingly seeing a new market presence year on year due to the higher penetration of topical drugs.
Key participants include
Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Siddharth Carbochem Products Ltd., Novocap, Simco Chemicals, J.M. Loveridge Ltd., Alfa Aesar GmbH Co KG., Shandong Xinhua Pharmaceutical Co. Ltd., Hebei Jingye Group, and Avnochem Limited, among others.
Here, you can avail sample PDF pages and 30 mins free consultation: https://www.reportsanddata.com/sample-enquiry-form/3434
For the purpose of this report, Reports and Data has segmented the global salicylic market on the basis of application, grade, sales channel, end-use vertical, and region:
Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Preservation
- Anti-Inflammation
- Antifungal
- Moisturizing
- Acne Solution Sun-screening
- Dentifrices
- Antiseptic
- Others
Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Pharmaceutical
- Industrial
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Online Retails
- Offline Retails
End-Use Vertical Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Pharmaceuticals
- Food Beverage
- Personal Care
- Chemicals
- Others
Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- North America
- U.S
- Canada
- Europe
- Germany
- U.K
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- Rest of MEA
Reasons to buy this market intelligence report:
- Detailed market evaluation both at regional and global levels.
- Significant changes in market scenario, along with an extensive competitive analysis.
- Classification of the industry based on product type, application, and region.
- Market segments segregated on the basis of type, application, and geography.
- Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales.
- Investigation of significant developments in the market dynamics.
- Niche market segments and regions.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/salicylic-acid-market
We are grateful to you for reading our report. If you wish to find more details of the report or want a customization, contact us. You can get a detailed information of the entire research here. If you have any special requirements, please let us know and we will offer you the report as you want.
