The Power of Purity: Navigating the Salicylic Acid Industry
The global salicylic acid market is expected to be valued at US$ 417.8 million in 2022 and US$ 814.2 million by 2032, with a CAGR of 6.9% from 2022 to 2032.
Salicylic acid sales are increasing as more people become aware of all the benefits it provides.
Demand for salicylic acid is expected to increase as more people use ointments that contain salicylic acid derivatives like chlorine and methyl salicylate. It is anticipated that rising packaged food and beverage demand would drive salicylic acid market expansion through the year 2032.
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Sales of salicylic acid have increased in the food and beverage industries because it keeps packaged foods from fermenting and going bad.
As more people develop acne, warts, blackheads, and whiteheads, the need for cosmetics containing salicylic acid is expected to increase.
Salicylic acid market size is also expected to grow throughout the forecast period as a result of new developments in personal care products.
Salicylic acid is a key ingredient in the aspirin manufacturing process. Aspirin is one of the pharmaceutical medications that is most commonly administered globally due to its remarkable pain-relieving properties and accessibility.
Key Takeaways from Market Study
The global salicylic acid market is expected to expand at CAGRs of 6.9% and over forecasted period.
The European salicylic acid market currently holds one fourth market share globally. U.K., Germany are key countries contributing to growth of European market.
The market is being improved by the premiumization and re-invention of skin care products and hair care products.
Asia Pacific region is set to witness utmost growth, owing to increase productions as well as consumption in countries such as China, India, and Japan.
Pharma Grade salicylic acid holds dominant market share of the total Salicylic Acid market in 2022
North America top revenue generating region, which holds more than 28% of market share in 2022 and anticipated to grow by 6.1% in future.
“Salicylic acid based cleansing lotions, bathing bars, serum, peeling solutions, creams, toners are a few forms influencing the sales of salicylic acid during the forecast period.” – Future Market Insights Analyst.
Competitive Landscape
Key manufacturers of salicylic acid are majorly focusing on research & development to enhance the variety, quality, and innovation in their product specification.
Some of the key companies producing are JM Loveridge Limited, Alfa Aesar, Siddharth Carbochem Products Ltd, Alta Laboratories Ltd, Novacap and Sigma Aldrich etc.
Recent Developments in the Salicylic Acid Market:
In May 2019, the skincare brand The Ordinary released an innovative face mask, Salicylic Acid 2 percent Masque, for EUR 9.90. Salicylic acid is a key ingredient in the product, as are charcoal and clays, which aid in deep cleansing of the skin.
The Salicylic Acid 2 percent Solution, named after the most sought-after acne-fighting ingredient, has made a comeback this month on deciem.com and in Ordinary stores.
Sweet Chef has created pimple patches that contain decongesting salicylic acid, resurfacing carrot, and brightening ginger to treat inflamed skin while minimizing post-acne hyperpigmentation.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Salicylic acid market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Salicylic Acid Market by Category
By Form:
Liquid
Powder
By End Use Application:
Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others
Others (Dye Industry etc.)
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