Global Salicylic Acid Market Size, Share, Growth Analysis, By Application(Pharmaceutical, Skin Care)

Description

Global Salicylic Acid Market size was valued at USD 510.8 million in 2021 and is poised to grow from USD 547.8 million in 2022 to USD 886.9 million by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

The global salicylic acid market is experiencing steady growth due to its wide range of applications across various industries. Salicylic acid is a versatile compound used in pharmaceuticals, skincare products, food preservatives, and agriculture. The increasing demand for acne treatment products and the rising awareness of the benefits of salicylic acid in skincare are driving market growth. Additionally, the growing healthcare industry and the adoption of salicylic acid in topical medications are further fueling market expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of Salicylic Acid and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

Salicylic Acid Market is segmented based on application and region. Based on application, the Salicylic Acid Market is segmented into pharmaceuticals, skincare, haircare, food preservatives, and other applications. Based on region, the global Salicylic acid market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The salicylic acid market is primarily driven by the growing demand for packaged food and beverages, leading to its expansion. This is largely due to the increasing use of salicylic acid in the food and beverage industry, where it helps prevent spoilage and fermentation of packaged food products. This trend significantly contributes to the market's growth.

Restrain

However, the market for salicylic acid faces challenges due to strict regulations in the food and beverage as well as the cosmetics industries. Additionally, the availability of substitutes also diminishes the attractiveness of the salicylic acid market.

Trend

Salicylic acid is widely employed for the treatment of various dermatological conditions, and there has been an upsurge in the production of salicylic acid derivatives, such as aspirin, sodium salicylate, and salicylic acid amine, for pharmaceutical use. These two factors serve as the main drivers of the salicylic acid market in this particular region..

Product Code: SQSG15E2032

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Salicylic Acid Market by Application

Market Overview
Pharmaceutical
Skin Care
Haircare
Food Preservatives
Other applications

Global Salicylic Acid Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Alfa Aesar
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alta Laboratories Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Simco Chemicals
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Novacap
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siddharth Carbochem Products Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siddharth Chemicals
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hebei Jingye Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
J.M. Loveridge Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JQC (Huayin) Pharmaceutical Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shandong Xinhua Pharmaceutical Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samrat Remedies Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jeevika Yugchem Private Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siddharth International
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siddharth Chlorochem Pvt. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Alta Laboratories Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siddharth Carbochem Products Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Neelkanth Finechem LLP
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Salicylic Acid Market Size, Share, Growth Analysis, By Application(Pharmaceutical, Skin Care) - Industry Forecast 2023-2030