About Salicylic Acid
Salicylic Acid is a beta hydroxy acid that ensues as a natural compound in plants. It is the direct activity as an anti-inflammatory agent and performs as a topical antibacterial agent because of its ability to promote exfoliation. Salicylic acid is a monohydroxy benzoic acid which is benzoic acid with a hydroxy group at the ortho position. With the advancement in the pharmaceutical industry in emerging economies, this market is seeing strong growth potential in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.9% |
The global salicylic acid market is strongly competitive and consists of some major players across the industry. In terms of vendors share, some of the market players are highly dominating the global market. These major players are highly focusing on strategic integrated initiatives to enhance their market share and improve their profitability. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Salicylic Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alfa Aesar (United States), Alta Laboratories (India), JM Loveridge (England), Novocap (Argentina), Siddharth Carbochem Products (India), Simco Chemicals (India), Zhenjiang Gaopeng Pharmaceutical (China), Hebei Jingye (China), Shandong Xinhua Longxin (China) and Huayin Jinqiancheng (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Salicylic Acid market by Type (Industrial Grade and Pharmaceutical Grade), Application (Food & Preservatives, Pharmaceutical, Cosmetics and Others) and Region.
On the basis of geography, the market of Salicylic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Pharmacies will boost the Salicylic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Adoption for the Cosmetics Application Segment
Market Growth Drivers:
Rising Utilization of By-Products of Salicylic Acid Including Methyl Salicylate and Chlorine Salicylate for the Joint and Muscle Pain
Challenges:
Rising Awareness Regarding its Harmful Effects
Restraints:
Stringent Regulations Regarding the Permit Limitation for Salicylic Acid in Various Products
Opportunities:
Growing Demand of Salicylic Acid in Food & Preservative Industry and Rising Demand Across Asia Pacific Region Majorly in China, And India, Because of Development of the Pharmaceutical Industry
On 7th December 2021, The Ordinary is the most popular skincare brand, it announced the launch of the new skincare staple- salicylic acid 2% anhydrous solution. The latest addition to affordable lines range of acne-fighting products banishes unwanted junk from the skin while providing a light exfoliating and cleansing effect.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Salicylic Acid Manufacturers, Suppliers, and Distributors, Raw Material Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.