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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
ID:VMR11214218
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Salicylic Acid Market Overview
The key driver impacting the salicylic acid market is the growing demand for cosmetic and hair care products across the globe. The increasing demand for skin care products is anticipated to boost salicylic acid demand as it is used in the manufacturing of skin care products such as acne creams, anti-aging creams, and preparing shampoo, hair conditioner products. for instance, as per the Cosmetic Executive Women, the global cosmetics market in 2019 was $532 billion. The sales of skincare jumped to $1.4 billion, with continued growth expected for 2020. Online sales of cosmetics grew by 30.5% in 2019. as per the Med Alert Help, the average woman spends more than $3,000 per year on personal appearance. the anti-aging segment is estimated to grow at a rate of 3.8% from 2020 to 2027. Moreover, the high adoption of salicylic acid in the pharmaceutical sector as it is utilized to make drugs to treat various skin-related disorders, cardiovascular diseases, and hughes syndrome is also a significant determinant that adds growth to the market. Whereas with regards to volume,the market was calculated XX Metric Tons in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
The growing food and beverage sector globally is estimated to augment market demand in the forecast period as salicylic acid and its derivatives are majorly used to prevent spoilage and fermentation. for instance, as per the Institute of Food Technologists, global packaged foods and drinks sales reached $2.1 trillion in 2017 and are predicted to increase at a compound annual growth rate (CAGR) of 2.2% through 2022. the Asia Pacific and the Middle East/Africa food sectors are likely to grow rapidly in the coming years. however, the rising concerns regarding aspirin's side effects may hamper the global salicylic acid market in the long run. also, rising consumer awareness regarding the ill-effects of salicylic acid is negatively impacting the market growth. the current industry trends, such as the growing prevalence of chronic acne vulgaris in adults & teenagers coupled with wide application use in industries such as pharmaceuticals, food and beverage, healthcare, and cosmetics, are expected to provide profitable market opportunities for the market players.
The salicylic acid market is vast, with many local and global players. The key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. The major players included in the report are Alta Laboratories, Alfa Aesar, J.M., Siddharth Carbochem Products Ltd, Novocap, Zhenjiang Gaopeng Pharmaceutical Co. Ltd, and Simco Chemicals.
In this research report, the salicylic acid market is segmented by application and region.
Analysis by Application:
By application, the report is categorized into pharmaceutical, food & preservatives, cosmetics. The pharmaceutical sector dominates the application segment with over 45% share in 2020. It is due to the growing use of salicylic acid-based drugs for the treatment of various skin related disorders and cardiovascular diseases, and Hughes syndrome. Moreover, advancement in the medical industry in terms of rising research activities led to new innovations together with technological advancement contributes to the vast market demand from the pharmaceutical application sector in the forecast period.
Analysis by Region:
In the regional outlook of the global salicylic acid market, the Europe region dominates with a 30% market share during the forecast period. It is due to the growing skincare and hair care industry which is mainly driven by increasing awareness about health and hygiene in the region. Moreover, the increasing adoption of aspirin to treat and prevent ailments such as strokes and dementia among the aging population contributes to the development of the salicylic acid market across Europe.
Market Segmentation covered in the Report:
By Applications
The key driver impacting the salicylic acid market is the growing demand for cosmetic and hair care products across the globe. The increasing demand for skin care products is anticipated to boost salicylic acid demand as it is used in the manufacturing of skin care products such as acne creams, anti-aging creams, and preparing shampoo, hair conditioner products. for instance, as per the Cosmetic Executive Women, the global cosmetics market in 2019 was $532 billion. The sales of skincare jumped to $1.4 billion, with continued growth expected for 2020. Online sales of cosmetics grew by 30.5% in 2019. as per the Med Alert Help, the average woman spends more than $3,000 per year on personal appearance. the anti-aging segment is estimated to grow at a rate of 3.8% from 2020 to 2027. Moreover, the high adoption of salicylic acid in the pharmaceutical sector as it is utilized to make drugs to treat various skin-related disorders, cardiovascular diseases, and hughes syndrome is also a significant determinant that adds growth to the market. Whereas with regards to volume,the market was calculated XX Metric Tons in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global salicylic acid market size was valued at around USD 450 million in 2020 and is estimated to grow at a CAGR of about 7% during the forecast period of 2021 to 2027.
The growing food and beverage sector globally is estimated to augment market demand in the forecast period as salicylic acid and its derivatives are majorly used to prevent spoilage and fermentation. for instance, as per the Institute of Food Technologists, global packaged foods and drinks sales reached $2.1 trillion in 2017 and are predicted to increase at a compound annual growth rate (CAGR) of 2.2% through 2022. the Asia Pacific and the Middle East/Africa food sectors are likely to grow rapidly in the coming years. however, the rising concerns regarding aspirin's side effects may hamper the global salicylic acid market in the long run. also, rising consumer awareness regarding the ill-effects of salicylic acid is negatively impacting the market growth. the current industry trends, such as the growing prevalence of chronic acne vulgaris in adults & teenagers coupled with wide application use in industries such as pharmaceuticals, food and beverage, healthcare, and cosmetics, are expected to provide profitable market opportunities for the market players.
The salicylic acid market is vast, with many local and global players. The key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to improve their market share globally. The major players included in the report are Alta Laboratories, Alfa Aesar, J.M., Siddharth Carbochem Products Ltd, Novocap, Zhenjiang Gaopeng Pharmaceutical Co. Ltd, and Simco Chemicals.
In this research report, the salicylic acid market is segmented by application and region.
Analysis by Application:
By application, the report is categorized into pharmaceutical, food & preservatives, cosmetics. The pharmaceutical sector dominates the application segment with over 45% share in 2020. It is due to the growing use of salicylic acid-based drugs for the treatment of various skin related disorders and cardiovascular diseases, and Hughes syndrome. Moreover, advancement in the medical industry in terms of rising research activities led to new innovations together with technological advancement contributes to the vast market demand from the pharmaceutical application sector in the forecast period.
Analysis by Region:
In the regional outlook of the global salicylic acid market, the Europe region dominates with a 30% market share during the forecast period. It is due to the growing skincare and hair care industry which is mainly driven by increasing awareness about health and hygiene in the region. Moreover, the increasing adoption of aspirin to treat and prevent ailments such as strokes and dementia among the aging population contributes to the development of the salicylic acid market across Europe.
Market Segmentation covered in the Report:
By Applications
- Pharmaceutical
- Food & Preservatives
- Cosmetics
- Others
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . SALICYLIC ACID – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Applications
3.7.2 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL SALICYLIC ACID MARKET ANALYSIS BY APPLICATIONS
6.1 Overview by Applications
6.2 Historical and Forecast Data
6.3 Analysis by Applications
6.4 Pharmaceutical Market by Regions
6.5 Food & Preservatives Market by Regions
6.6 Cosmetics Market by Regions
6.7 Others Market by Regions
7 . GLOBAL SALICYLIC ACID MARKET ANALYSIS BY GEOGRAPHY
7.1. Regional Outlook
7.2. Introduction
7.3. North America
7.3.1. Overview, Historic and Forecast Data
7.3.2. North America By Segment
7.3.3. North America By Country
7.3.4. United State
7.3.5. Canada
7.3.6. Mexico
7.4. Europe
7.4.1. Overview, Historic and Forecast Data
7.4.2. Europe by Segment
7.4.3. Europe by Country
7.4.4. United Kingdom
7.4.5. France
7.4.6. Germany
7.4.7. Italy
7.4.8. Russia
7.4.9. Rest Of Europe
7.5. Asia Pacific
7.5.1. Overview, Historic and Forecast Data
7.5.2. Asia Pacific by Segment
7.5.3. Asia Pacific by Country
7.5.4. China
7.5.5. India
7.5.6. Japan
7.5.7. South Korea
7.5.8. Australia
7.5.9. Rest Of Asia Pacific
7.6. Latin America
7.6.1. Overview, Historic and Forecast Data
7.6.2. Latin America by Segment
7.6.3. Latin America by Country
7.6.4. Brazil
7.6.5. Argentina
7.6.6. Peru
7.6.7. Chile
7.6.8. Rest of Latin America
7.7. Middle East & Africa
7.7.1. Overview, Historic and Forecast Data
7.7.2. Middle East & Africa by Segment
7.7.3. Middle East & Africa by Country
7.7.4. Saudi Arabia
7.7.5. UAE
7.7.6. Israel
7.7.7. South Africa
7.7.8. Rest Of Middle East And Africa
8 . COMPETITIVE LANDSCAPE OF THE SALICYLIC ACID COMPANIES
8.1. Salicylic Acid Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments
9 . COMPANY PROFILES OF SALICYLIC ACID INDUSTRY
9.1. Company Share Analysis
9.2. Market Concentration Rate
9.3. Alta Laboratories
9.3.1. Company Overview
9.3.2. Financials
9.3.3. Products
9.3.4. Recent Developments
9.4. Alfa Aesar
9.4.1. Company Overview
9.4.2. Financials
9.4.3. Products
9.4.4. Recent Developments
9.5. J.M.
9.5.1. Company Overview
9.5.2. Financials
9.5.3. Products
9.5.4. Recent Developments
9.6. Siddharth Carbochem Products Ltd
9.6.1. Company Overview
9.6.2. Financials
9.6.3. Products
9.6.4. Recent Developments
9.7. Novocap
9.7.1. Company Overview
9.7.2. Financials
9.7.3. Products
9.7.4. Recent Developments
9.8. Zhenjiang Gaopeng Pharmaceutical Co. Ltd
9.8.1. Company Overview
9.8.2. Financials
9.8.3. Products
9.8.4. Recent Developments
9.9. Simco Chemicals
9.9.1. Company Overview
9.9.2. Financials
9.9.3. Products
9.9.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Applications (Tons and USD MN)
- Pharmaceutical Market by Geography (Tons and USD MN)
- Food & Preservatives Market by Geography (Tons and USD MN)
- Cosmetics Market by Geography (Tons and USD MN)
- Others Market by Geography (Tons and USD MN)
- Global Salicylic Acid Market by Geography (Tons and USD MN)
- North America Market Analysis (Tons and USD MN)
- United State Market Analysis (Tons and USD MN)
- Canada Market Analysis (Tons and USD MN)
- Mexico Market Analysis (Tons and USD MN)
- Europe Market Analysis (Tons and USD MN)
- Europe Market Estimate by Country (Tons and USD MN)
- United Kingdom Market Analysis (Tons and USD MN)
- France Market Analysis (Tons and USD MN)
- Germany Market Analysis (Tons and USD MN)
- Italy Market Analysis (Tons and USD MN)
- Russia Market Analysis (Tons and USD MN)
- Spain Market Analysis (Tons and USD MN)
- Rest of Europe Market Analysis (Tons and USD MN)
- Asia Pacific Market Analysis (Tons and USD MN)
- China Market Analysis (Tons and USD MN)
- Japan Market Analysis (Tons and USD MN)
- India Market Analysis (Tons and USD MN)
- South Korea Market Analysis (Tons and USD MN)
- Australia Market Analysis (Tons and USD MN)
- Rest of Asia Pacific Market Analysis (Tons and USD MN)
- Latin America Market Analysis (Tons and USD MN)
- Brazil Market Analysis (Tons and USD MN)
- Argentina Market Analysis (Tons and USD MN)
- Peru Market Analysis (Tons and USD MN)
- Chile Market Analysis (Tons and USD MN)
- Rest of Latin America Market Analysis (Tons and USD MN)
- Middle East & Africa Market Analysis (Tons and USD MN)
- Saudi Arabia Market Analysis (Tons and USD MN)
- UAE Market Analysis (Tons and USD MN)
- Israel Market Analysis (Tons and USD MN)
- South Africa Market Analysis (Tons and USD MN)
- Rest of Middle East and Africa Market Analysis (Tons and USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Salicylic Acid Report
- Market Research Process
- Market Research Methodology
- Global Salicylic Acid Market Size, by Region (Tons and USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Applications
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Segment Analysis (Tons and USD MN)
- Pharmaceutical Market by Geography (Tons and USD MN)
- Food & Preservatives Market by Geography (Tons and USD MN)
- Cosmetics Market by Geography (Tons and USD MN)
- Others Market by Geography (Tons and USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments