PUBLISHER: IMARC | PRODUCT CODE: 1347372
PUBLISHER: IMARC | PRODUCT CODE: 1347372
Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
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.
Salicylic acid is an organic white crystalline solid with the chemical formula C7H6O3. It can be derived naturally from plants such as willow tree and salix or can be produced synthetically from sodium phenolate and carbon dioxide. Owing to its fungicidal, anti-inflammatory, keratolytic, comedolytic and anti-microbial properties, salicylic acid finds several applications in the cosmetics, healthcare and pharmaceutical industries. Salicylic acid is also used to manufacture cosmetics as it helps in moisturising and dissolving the substance that causes the skin layers to stick together.
Global Salicylic Acid Market Trends and Drivers:
In the pharmaceutical industry, salicylic acid is extensively used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Growth in the demand for these medicines due to a rise in the number of human infectious diseases has created an attractive market for salicylic acid. Moreover, it is used for manufacturing haircare and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration. Increasing demand for these products owing to consumer's awareness is propelling the market growth worldwide. Additionally, growing consumption of derivatives of salicylic acid, such as chlorine salicylate and methyl salicylate as a liniment for muscle and joint pain, is further expected to boost its demand.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global salicylic acid market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Pharmaceuticals
Personal Care
Food & Preservatives
Others
On the basis of application, pharmaceuticals represent the largest segment.
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Imports and Exports
On assessing the import and export scenario of the market, it is found that India and China are the biggest importer and exporter of salicylic acid, respectively.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Alfa Aesar (Thermo Fisher Scientific), Alta Laboratories Limited, JM Loveridge Limited, Novacap, Inc., Sigma-Aldrich Chemicals Private Limited, Siddharth Carbochem Products Limited, etc.
This report provides a deep insight into the global salicylic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salicylic acid market in any manner.
Key Questions Answered in This Report:
- How has the global salicylic acid market performed so far and how will it perform in the coming years?
- What are the key regions in the global salicylic acid market?
- What has been the impact of COVID-19 on the global salicylic acid market?
- What are the key application segments in the global salicylic acid market?
- What are the various stages in the value chain of the global salicylic acid market?
- What are the key driving factors and challenges in the global salicylic acid market?
- What are the import and export trends of the global salicylic acid market?
- What is the structure of the global salicylic acid market and who are the key players?
- What is the degree of competition in the global salicylic acid market?
- How is salicylic acid manufactured?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Properties
- 4.3 Key Industry Trends
5 Global Salicylic Acid Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Price Analysis
- 5.4.1 Key Price Indicators
- 5.4.2 Price Structure
- 5.4.3 Margin Analysis
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Overview
- 5.9.2 Research and Development
- 5.9.3 Raw Material Procurement
- 5.9.4 Manufacturing
- 5.9.5 Marketing
- 5.9.6 Distribution
- 5.9.7 End-Use
- 5.10 Porters Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
6 Market Breakup by Application
- 6.1 Pharmaceuticals
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Personal Care
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Food & Preservatives
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Region
- 7.1 Europe
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 North America
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Asia Pacific
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Middle East and Africa
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Latin America
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Imports and Exports
- 8.1 Imports by Major Countries
- 8.2 Exports by Major Countries
9 Salicylic Acid Manufacturing Process
- 9.1 Product Overview
- 9.2 Raw Material Requirements
- 9.3 Manufacturing Process
- 9.4 Key Success and Risk Factors
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
- 10.3 Profiles of Key Players
- 10.3.1 Alfa Aesar (Thermo Fisher Scientific)
- 10.3.2 Alta Laboratories Limited
- 10.3.3 JM Loveridge Limited
- 10.3.4 Novacap, Inc.
- 10.3.5 Sigma-Aldrich Chemicals Private Limited
- 10.3.6 Siddharth Carbochem Products Limited
List of Figures
- Figure 1: Global: Salicylic Acid Market: Major Drivers and Challenges
- Figure 2: Global: Salicylic Acid Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Salicylic Acid Market: Breakup by Application (in %), 2022
- Figure 4: Global: Salicylic Acid Market: Breakup by Region (in %), 2022
- Figure 5: Global: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 6: Global: Salicylic Acid Industry: SWOT Analysis
- Figure 7: Global: Salicylic Acid Industry: Value Chain Analysis
- Figure 8: Global: Salicylic Acid Industry: Porter's Five Forces Analysis
- Figure 9: Global: Salicylic Acid (Application in Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Salicylic Acid (Application in Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Salicylic Acid (Application in Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Salicylic Acid (Application in Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Salicylic Acid (Application in Food & Preservatives) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Salicylic Acid (Application in Food & Preservatives) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Salicylic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Salicylic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Europe: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Europe: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Asia Pacific: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Asia Pacific: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Middle East and Africa: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Middle East and Africa: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Latin America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Latin America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Salicylic Acid: Import Breakup by Country (in %), 2021
- Figure 28: Global: Salicylic Acid: Export Breakup by Country (in %), 2021
- Figure 29: Salicylic Acid Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Salicylic Acid: General Properties
- Table 2: Global: Salicylic Acid Market: Key Industry Highlights, 2022 and 2028
- Table 3: Global: Salicylic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Salicylic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Salicylic Acid: Import Data by Country, 2021
- Table 6: Global: Salicylic Acid: Export Data by Country, 2021
- Table 7: Salicylic Acid: Raw Material Requirements
- Table 8: Global: Salicylic Acid Market: Competitive Structure
- Table 9: Global: Salicylic Acid Market: Key Players
