Salicylic Acid Market Size, Share & Trends Analysis Report By Application (Pharmaceutical, Food & Preservatives, Cosmetics), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2025 - 2030

November 2024 | 75 pages | ID: SCA3053CF44EN
Grand View Research, Inc.

Abstracts

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Salicylic Acid Market Growth & Trends

The global salicylic acid market size is estimated treach USD 880.4 million by 2030, expanding at a CAGR of 8.2% from 2025 t2030, according ta new report by Grand View Research, Inc. The market is expected texhibit significant growth owing tincreasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected tdrive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) tenforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated inttheir operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

Salicylic Acid Market Report Highlights

• The cosmetics segment is expected tgrow at the fastest CAGR over the forecast period from 2024 t2030. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected taugment growth over the forecast period.
• In the food and preservatives sector, salicylic acid can help inhibit bacterial growth, improve shelf stability, and maintain food safety, especially in processed products. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected taugment food preservatives market, which in turn is likely taugment growth over the forecast period.
• Asia Pacific salicylic acid market is expected tregister the fastest CAGR over the forecast period attributed tthe increasing urbanization, rising disposable incomes, and a growing awareness of skincare and beauty in the region. Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected taugment demand over the projected period.
• The North America salicylic acid market accounted for a significant market revenue share in 2024 owing tshelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected taugment the demand over the forecast period.
• Key players in the industry include ThermFisher Scientific Inc., Alta Laboratories, Siddharth Carbochem Products Ltd., Novocap, Siddharth Carbochem Products Ltd., SimcChemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

Contents

CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Insights
2.2. Segmental Outlook
2.3. Competitive Outlook

CHAPTER 3. SALICYLIC ACID MARKET VARIABLES, TRENDS & SCOPE

3.1. Global Salicylic Acid Market Outlook
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.4. Average Price Trend Analysis
3.5. Supply-Demand GAP Analysis, 2024
3.6. Regulatory Framework
  3.6.1. Policies and Incentive Plans
  3.6.2. Standards and Compliances
  3.6.3. Regulatory Impact Analysis
3.7. Market Dynamics
  3.7.1. Market Driver Analysis
  3.7.2. Market Restraint Analysis
  3.7.3. Industry Challenges
3.8. Porter’s Five Forces Analysis
  3.8.1. Supplier Power
  3.8.2. Buyer Power
  3.8.3. Substitution Threat
  3.8.4. Threat from New Entrant
  3.8.5. Competitive Rivalry
3.9. PESTEL Analysis
  3.9.1. Political Landscape
  3.9.2. Economic Landscape
  3.9.3. Social Landscape
  3.9.4. Technological Landscape
  3.9.5. Environmental Landscape
  3.9.6. Legal Landscape

CHAPTER 4. SALICYLIC ACID MARKET: APPLICATION OUTLOOK ESTIMATES & FORECASTS

4.1. Salicylic Acid Market: Application Movement Analysis, 2024 & 2030
  4.1.1. Pharmaceutical
    4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  4.1.2. Food and Preservative
    4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  4.1.3. Cosmetics
    4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  4.1.4. Others
    4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)

CHAPTER 5. SALICYLIC ACID MARKET REGIONAL OUTLOOK ESTIMATES & FORECASTS

5.1. Regional Snapshot
5.2. Salicylic Acid Market: Regional Movement Analysis, 2024 & 2030
5.3. North America
  5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  5.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.3.3. U.S.
    5.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.3.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.3.4. Canada
    5.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.3.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.3.5. Mexico
    5.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.3.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
5.4. Europe
  5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  5.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.4.3. UK
    5.4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.4.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.4.4. Germany
    5.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.4.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.4.5. France
    5.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.4.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
5.5. Asia Pacific
  5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  5.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.5.3. China
    5.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.5.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.5.4. India
    5.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.5.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.5.5. Japan
    5.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.5.5.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.5.6. Australia
    5.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.5.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
5.6. Central & South America
  5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  5.6.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.6.3. Brazil
    5.6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.6.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
5.7. Middle East & Africa
  5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
  5.7.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.7.3. Saudi Arabia
    5.7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.7.3.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
  5.7.4. South Africa
    5.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
    5.7.4.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)

CHAPTER 6. COMPETITIVE LANDSCAPE

6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Vendor Landscape
  6.2.1. Company categorization
  6.2.2. List of Key Distributors and Channel Partners
  6.2.3. List of Potential Customers/End Users
6.3. Competitive Dynamics
  6.3.1. Competitive Benchmarking
  6.3.2. Strategy Mapping
  6.3.3. Heat Map Analysis
6.4. Company Profiles/Listing
  6.4.1. Thermo Fisher Scientific Inc
    6.4.1.1. Participant’s overview
    6.4.1.2. Financial performance
    6.4.1.3. Product benchmarking
    6.4.1.4. Strategic initiatives
  6.4.2. Alta Laboratories Ltd.
    6.4.2.1. Participant’s overview
    6.4.2.2. Financial performance
    6.4.2.3. Product benchmarking
    6.4.2.4. Strategic initiatives
  6.4.3. Siddharth Carbochem Products Ltd.
    6.4.3.1. Participant’s overview
    6.4.3.2. Financial performance
    6.4.3.3. Product benchmarking
    6.4.3.4. Strategic initiatives
  6.4.4. Zhenjiang Gaopeng Pharmaceutical CO,.Ltd.
    6.4.4.1. Participant’s overview
    6.4.4.2. Financial performance
    6.4.4.3. Product benchmarking
    6.4.4.4. Strategic initiatives
  6.4.5. Novocap SA
    6.4.5.1. Participant’s overview
    6.4.5.2. Financial performance
    6.4.5.3. Product benchmarking
    6.4.5.4. Strategic initiatives
  6.4.6. Hebei Jingye Medical Technology Co.
    6.4.6.1. Participant’s overview
    6.4.6.2. Financial performance
    6.4.6.3. Product benchmarking
    6.4.6.4. Strategic initiatives