Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The global salicylic acid market size reached US$ 420.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 613.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Salicylic acid is an organic white crystalline solid with the chemical formula C7H6O3. It can be derived naturally from plants such as willow tree and salix or can be produced synthetically from sodium phenolate and carbon dioxide. Owing to its fungicidal, anti-inflammatory, keratolytic, comedolytic and anti-microbial properties, salicylic acid finds several applications in the cosmetics, healthcare and pharmaceutical industries. Salicylic acid is also used to manufacture cosmetics as it helps in moisturising and dissolving the substance that causes the skin layers to stick together.
Global Salicylic Acid Market Trends and Drivers:
In the pharmaceutical industry, salicylic acid is extensively used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Growth in the demand for these medicines due to a rise in the number of human infectious diseases has created an attractive market for salicylic acid. Moreover, it is used for manufacturing haircare and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration. Increasing demand for these products owing to consumer’s awareness is propelling the market growth worldwide. Additionally, growing consumption of derivatives of salicylic acid, such as chlorine salicylate and methyl salicylate as a liniment for muscle and joint pain, is further expected to boost its demand.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global salicylic acid market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Pharmaceuticals
Personal Care
Food & Preservatives
Others
On the basis of application, pharmaceuticals represent the largest segment.
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Imports and Exports
On assessing the import and export scenario of the market, it is found that India and China are the biggest importer and exporter of salicylic acid, respectively.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Alfa Aesar (Thermo Fisher Scientific), Alta Laboratories Limited, JM Loveridge Limited, Novacap, Inc., Sigma-Aldrich Chemicals Private Limited, Siddharth Carbochem Products Limited, etc.
This report provides a deep insight into the global salicylic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salicylic acid market in any manner.
Key Questions Answered in This Report:
How has the global salicylic acid market performed so far and how will it perform in the coming years?
What are the key regions in the global salicylic acid market?
What has been the impact of COVID-19 on the global salicylic acid market?
What are the key application segments in the global salicylic acid market?
What are the various stages in the value chain of the global salicylic acid market?
What are the key driving factors and challenges in the global salicylic acid market?
What are the import and export trends of the global salicylic acid market?
What is the structure of the global salicylic acid market and who are the key players?
What is the degree of competition in the global salicylic acid market?
How is salicylic acid manufactured?
The global salicylic acid market size reached US$ 420.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 613.1 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Salicylic acid is an organic white crystalline solid with the chemical formula C7H6O3. It can be derived naturally from plants such as willow tree and salix or can be produced synthetically from sodium phenolate and carbon dioxide. Owing to its fungicidal, anti-inflammatory, keratolytic, comedolytic and anti-microbial properties, salicylic acid finds several applications in the cosmetics, healthcare and pharmaceutical industries. Salicylic acid is also used to manufacture cosmetics as it helps in moisturising and dissolving the substance that causes the skin layers to stick together.
Global Salicylic Acid Market Trends and Drivers:
In the pharmaceutical industry, salicylic acid is extensively used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Growth in the demand for these medicines due to a rise in the number of human infectious diseases has created an attractive market for salicylic acid. Moreover, it is used for manufacturing haircare and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration. Increasing demand for these products owing to consumer’s awareness is propelling the market growth worldwide. Additionally, growing consumption of derivatives of salicylic acid, such as chlorine salicylate and methyl salicylate as a liniment for muscle and joint pain, is further expected to boost its demand.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global salicylic acid market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on application.
Breakup by Application:
Pharmaceuticals
Personal Care
Food & Preservatives
Others
On the basis of application, pharmaceuticals represent the largest segment.
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
Imports and Exports
On assessing the import and export scenario of the market, it is found that India and China are the biggest importer and exporter of salicylic acid, respectively.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Alfa Aesar (Thermo Fisher Scientific), Alta Laboratories Limited, JM Loveridge Limited, Novacap, Inc., Sigma-Aldrich Chemicals Private Limited, Siddharth Carbochem Products Limited, etc.
This report provides a deep insight into the global salicylic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salicylic acid market in any manner.
Key Questions Answered in This Report:
How has the global salicylic acid market performed so far and how will it perform in the coming years?
What are the key regions in the global salicylic acid market?
What has been the impact of COVID-19 on the global salicylic acid market?
What are the key application segments in the global salicylic acid market?
What are the various stages in the value chain of the global salicylic acid market?
What are the key driving factors and challenges in the global salicylic acid market?
What are the import and export trends of the global salicylic acid market?
What is the structure of the global salicylic acid market and who are the key players?
What is the degree of competition in the global salicylic acid market?
How is salicylic acid manufactured?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Properties
4.3Key Industry Trends
5 GLOBAL SALICYLIC ACID MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Margin Analysis
5.5Market Breakup by Application
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 MARKET BREAKUP BY APPLICATION
6.1Pharmaceuticals
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Personal Care
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Food & Preservatives
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 MARKET BREAKUP BY REGION
7.1Europe
7.1.1 Market Trends
7.1.2 Market Forecast
7.2North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Asia Pacific
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 IMPORTS AND EXPORTS
8.1Imports by Major Countries
8.2Exports by Major Countries
9 SALICYLIC ACID MANUFACTURING PROCESS
9.1Product Overview
9.2Raw Material Requirements
9.3Manufacturing Process
9.4Key Success and Risk Factors
10 COMPETITIVE LANDSCAPE
10.1Market Structure
10.2Key Players
10.3Profiles of Key Players
10.3.1 Alfa Aesar (Thermo Fisher Scientific)
10.3.2 Alta Laboratories Limited
10.3.3 JM Loveridge Limited
10.3.4 Novacap, Inc.
10.3.5 Sigma-Aldrich Chemicals Private Limited
10.3.6 Siddharth Carbochem Products Limited
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Properties
4.3Key Industry Trends
5 GLOBAL SALICYLIC ACID MARKET
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Margin Analysis
5.5Market Breakup by Application
5.6Market Breakup by Region
5.7Market Forecast
5.8SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 MARKET BREAKUP BY APPLICATION
6.1Pharmaceuticals
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Personal Care
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Food & Preservatives
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 MARKET BREAKUP BY REGION
7.1Europe
7.1.1 Market Trends
7.1.2 Market Forecast
7.2North America
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Asia Pacific
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Middle East and Africa
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Latin America
7.5.1 Market Trends
7.5.2 Market Forecast
8 IMPORTS AND EXPORTS
8.1Imports by Major Countries
8.2Exports by Major Countries
9 SALICYLIC ACID MANUFACTURING PROCESS
9.1Product Overview
9.2Raw Material Requirements
9.3Manufacturing Process
9.4Key Success and Risk Factors
10 COMPETITIVE LANDSCAPE
10.1Market Structure
10.2Key Players
10.3Profiles of Key Players
10.3.1 Alfa Aesar (Thermo Fisher Scientific)
10.3.2 Alta Laboratories Limited
10.3.3 JM Loveridge Limited
10.3.4 Novacap, Inc.
10.3.5 Sigma-Aldrich Chemicals Private Limited
10.3.6 Siddharth Carbochem Products Limited
LIST OF TABLES
Table 1: Salicylic Acid: General Properties
Table 2: Global: Salicylic Acid Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Salicylic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Salicylic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Salicylic Acid: Import Data by Country, 2021
Table 6: Global: Salicylic Acid: Export Data by Country, 2021
Table 7: Salicylic Acid: Raw Material Requirements
Table 8: Global: Salicylic Acid Market: Competitive Structure
Table 9: Global: Salicylic Acid Market: Key Players
Table 1: Salicylic Acid: General Properties
Table 2: Global: Salicylic Acid Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Salicylic Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Salicylic Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Salicylic Acid: Import Data by Country, 2021
Table 6: Global: Salicylic Acid: Export Data by Country, 2021
Table 7: Salicylic Acid: Raw Material Requirements
Table 8: Global: Salicylic Acid Market: Competitive Structure
Table 9: Global: Salicylic Acid Market: Key Players
LIST OF FIGURES
Figure 1: Global: Salicylic Acid Market: Major Drivers and Challenges
Figure 2: Global: Salicylic Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Salicylic Acid Market: Breakup by Application (in %), 2022
Figure 4: Global: Salicylic Acid Market: Breakup by Region (in %), 2022
Figure 5: Global: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 6: Global: Salicylic Acid Industry: SWOT Analysis
Figure 7: Global: Salicylic Acid Industry: Value Chain Analysis
Figure 8: Global: Salicylic Acid Industry: Porter’s Five Forces Analysis
Figure 9: Global: Salicylic Acid (Application in Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Salicylic Acid (Application in Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Salicylic Acid (Application in Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Salicylic Acid (Application in Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Salicylic Acid (Application in Food & Preservatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Salicylic Acid (Application in Food & Preservatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Salicylic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Salicylic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Europe: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Europe: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Asia Pacific: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Asia Pacific: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Middle East and Africa: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Middle East and Africa: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Latin America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Latin America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Salicylic Acid: Import Breakup by Country (in %), 2021
Figure 28: Global: Salicylic Acid: Export Breakup by Country (in %), 2021
Figure 29: Salicylic Acid Manufacturing: Detailed Process Flow
Figure 1: Global: Salicylic Acid Market: Major Drivers and Challenges
Figure 2: Global: Salicylic Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Salicylic Acid Market: Breakup by Application (in %), 2022
Figure 4: Global: Salicylic Acid Market: Breakup by Region (in %), 2022
Figure 5: Global: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 6: Global: Salicylic Acid Industry: SWOT Analysis
Figure 7: Global: Salicylic Acid Industry: Value Chain Analysis
Figure 8: Global: Salicylic Acid Industry: Porter’s Five Forces Analysis
Figure 9: Global: Salicylic Acid (Application in Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Salicylic Acid (Application in Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Salicylic Acid (Application in Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Salicylic Acid (Application in Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Salicylic Acid (Application in Food & Preservatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Salicylic Acid (Application in Food & Preservatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Salicylic Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Salicylic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Europe: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Europe: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Asia Pacific: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Asia Pacific: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Middle East and Africa: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Middle East and Africa: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Latin America: Salicylic Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Latin America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Salicylic Acid: Import Breakup by Country (in %), 2021
Figure 28: Global: Salicylic Acid: Export Breakup by Country (in %), 2021
Figure 29: Salicylic Acid Manufacturing: Detailed Process Flow
