Salicylic Acid Market is projected to be worth USD 540 Billion by 2030, registering a CAGR of 10% during the forecast period (2023–2030).
Synopsis of Salicylic Acid Market
Salicylic Acid Market Trends more than 35% in 2021, due to rising demand for aspirin and pain killers for various diseases. Salicylic acid is obtained either from natural source i.e., bark of willow tree or artificial source i.e., carbolic acid.
The application of salicylic acid market is vast which includes health care, food preservatives and cosmetics. Drivers of this market are, increasing health awareness in developing countries which is responsible for high demand of skin care products and hair products. In addition to this sedentary lifestyle has increased the consumption of food and beverages where preservatives are added.
Globally, North-America and Europe are leading markets for salicylic acid primarily due to large population in these regions. Asia- Pacific region is expected to grow by the CAGR of XX% in the forecast period. Busy lifestyles and increasing number of diseases are driving this market. U.S. it is expected to reach USD XX million by 2022
Study Objectives of Salicylic acid Market:
Studying market overview of salicylic acid
Estimating the market size by source and by application
To provide insights about market drivers, restrains and opportunities
To provide the present market analysis and future outlook of the same with respect to North America, Europe, Asia-Pacific along with other parts of the world.
To analyze the present status and future growth of global salicylic acid market based on various factors which includes supply chain analysis, Porters Five Force analysis etc.
To provide strategic profiling of key players in the market and broadly analyzing their core competencies
To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments in the global salicylic acid market
Key Players
Key players of the global salicylic acid market are Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopen Pharmaceutical Co. Ltd., Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd., Loveridge Ltd. and others.
Recent Development
January 2022 — The Ordinary’s most popular products range, the Salicylic Acid 2% Solution, named after the most sought-after acne-fighting element, has made a comeback on deciem.com as well as the Ordinary’s stores this month.
The new relaunched products will appeal to the skin-care enthusiasts as the it contains Salicylic Acid 2% Anhydrous Solution along with the Salicylic Acid 2% Masque.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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