The Global Salicylic Acid Market size is projected to reach USD 731.4 Million by 2027. The market is driven by the growing trend in food preservation use of salicylic acid, the extensive growth of the cosmetic & personal care industries, and the proliferation of sunscreen & anti-acne products. Huge demand for skincare, hair care products, and a sudden enormous rise in the growth of pharmaceutical products such as disinfectants, wart removal, antiseptic end-use over-the-counter medications, and medicines have significantly propelled the overall growth of the industry and are expected to contribute to the market share mainly in the coming years.
The personal care industry’s increasing popularity consists of hair care and skincare products that help treat dandruff, seborrheic dermatitis, acne repellant, dark spot removal, and others, respectively.
The Asia Pacific region has one of the largest customer bases and holds a major share of the market. During the forecast period, this region is also expected to record the highest growth as an immense increase in demand for personal care & cosmetics products & consumer growth due to an increase in disposable income, especially in countries such as China, India, and Indonesia, among others.
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Due to the high consumer focus on pharmaceutical products and healthy food preservation, especially in the U.S. and Canada, North America is projected to rise at a CAGR of 7.7% over the period 2020 to 2027. In order to increase market penetration, the presence of major players in the region has played a significant role.
Europe is a customer in this market, and by 2027 it is projected to hold a market share of 18.6%. Due to higher penetration of topical medication, countries such as Germany, the United Kingdom, and Spain, among others, are gradually seeing a new market presence year on year.
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
Avnochem Limited.
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
U.A.E.
Rest of MEA
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