Value Market Research's report on the global Salicylic Acid market anticipates the market growth to reach a CAGR of 7% during 2022-2028 and is expected to reach USD 773.18 by 2028.Salicylic acid is a lipophilic monohydroxy benzoic acid that is also a phenolic acid and a beta-hydroxy acid (BHA). It is widely used as an antiseptic, disinfectant, pain reliever, wart removal, and food preservative due to its keratolytic, anti-inflammatory, fungicidal, comedolytic, and antibacterial properties for its extensive use in the treatment of disorders such as dandruff, acne, and psoriasis; Salicylic acid is also utilized for the production of cosmetics because it aids in the moisturization and dissolution of the component that causes the skin layers to cling together plus it is also employed in chemical synthesis and performs as a plant hormone.
The Salicylic acid market is mainly significant in pharmaceuticals, foods and preservatives, and cosmetics fields. The cosmetic industry accounts for the largest market share in the worldwide industry and is predicted to expand exponentially from 2020 to 2025. Consumer demand and swift innovation fuelled the global cosmetics market's stable growth. Due to high demand surges from developed nations such as China and Japan, Asia-Pacific remains the fastest-growing salicylic acid market. Manufacturers are targeting this promising sector and spending substantially to bring the finest technologies to enhance production capacity to meet the region's growing market. Due to the obvious country's extensive production and largest export of salicylic acid, China wields noteworthy influence over global ingredient pricing. The global increase in demand for skin and hair care products has benefited the salicylic acid industry; however, growing awareness of the harmful effects of improper use of the compound has led regulatory authorities such as the Food and Drug Administration to impose strict regulatory guidelines on the overall allowable limit for salicylic acid in various products, limiting their development over the next few years.
The report titled " Global Salicylic Acid Market Report By Applications (Pharmaceutical, Food & Preservatives, Cosmetics, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028" starts with the market introduction, key market statistics, and ends with regional revenue/or volume analysis and competitor analysis. The report analyses the past years' trends and deeply studies the geopolitical trends, thus authenticating the research findings and making them more reliable.
Market segmentation is based on:
Applications, the market is split into Pharmaceutical, Food & Preservatives, Cosmetics, Others.
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
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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