Salicylic Acid Market Worth to Outgrow by USD 722.60 MN By 2027
Posted On May 13, 2021
According to the research report by Value Market Research, the Global Salicylic Acid Market is likely to grow to USD 722.60 MN by 2027 with a CAGR of 7% during the year 2021-2027. The increased prevalence of chronic acne vulgaris among the global population due to sedentary lifestyles and fast-food consumption are few factors acting as stimulants for the salicylic acid market. High disposable income and growing awareness about personal skincare products will benefit market growth. The anti-inflammatory, antimicrobial properties of the acid and its extensive use in the pharmaceutical industry to manufacture various drugs will further propel market growth. The other benefits of this acid in the manufacture of food preservatives and insecticides will enhance the market growth. Salicylic acid, recently being approved by the FDA for treating psoriasis, will be a market booster. The main factor hampering the development of this market is the adverse side effects associated with this acid.
Salicylic acid is a carbon-based organic compound known for its exfoliating and bacteria-fighting powers.This fat-soluble acid penetrates follicles in the skin to break down oil build-up, prevent pore blockages and reduce inflammation. Salicylic acid treats several conditions like warts, psoriasis, acne vulgaris, ringworm, dandruff, and ichthyosis. This acid is considered a great skincare ingredient for people with oily and acne-prone skin. Certain derivatives of salicylic acid are used as a liniment to soothe pain in the joints, muscles and topically to relieve the pain of mouth ulcers. Few other uses of this acid include a food preservative, a bactericide, and an antiseptic.
"Global Salicylic Acid Market Report By Applications (Pharmaceutical, Food & Preservatives, Cosmetics, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of applications the market is segmented into Pharmaceutical, Food & Preservatives, Cosmetics, Others. By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Salicylic Acid is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Salicylic Acid Market -
- Food & Preservatives
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Alta Laboratories, Alfa Aesar, J.M., Siddharth Carbochem Products Ltd, Novocap, Zhenjiang Gaopeng Pharmaceutical Co. Ltd, and Simco Chemicals.
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