Global Salicylic Acid Market size To Exceed USD 1025.4 Million By 2033 | CAGR of 7.23%
Category: Specialty & Fine ChemicalsGlobal Salicylic Acid Market size To Exceed USD 1025.4 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Salicylic Acid Market Size Expected to Grow from USD 510.2 Million in 2023 to USD 1025.4 Million by 2033, at a CAGR of 7.23% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Salicylic Acid Market Size, Share, and COVID-19 Impact Analysis, By Source (Artificial/Synthetic and Natural), By Application (Pharmaceutical, Food & Preservatives, and Cosmetics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033" https://www.sphericalinsights.com/reports/salicylic-acid-market
Salicylic acid is a plant-based beta hydroxy acid that occurs naturally. Salicylic acid occurs naturally in salix and willow trees, and it can be synthesized in the laboratory by using sodium phenolate and carbon dioxide. It is an entirely white, crystalline, odorless, and moderately soluble chemical in water. This makes salicylic acid an increasingly standard ingredient in the range of acne-fighting skincare products: it exfoliates, degreases the skin, reduces inflammation, and refines pores. Certainly, popularly a held belief states that chronically afflicted with acne cannot be given the salicylic acid peels because, due to this adverse chemical reaction, individuals are discouraged from receiving applications. Also, the use of salicylic acid as a flavor and preservative has been gaining acceptance. As such, development in the market is expected for the forecasted period. Salicylic acid is not healthy for the skin because serious exposure to it causes dryness, blistering, and irritation on the skin. Ever-evolving consumer awareness about adverse impacts as well as increased concerns amongst the customers regarding the side effects of aspirin are estimated to restrain the growth rate in the salicylic acid market.
The artificial/synthetic segment is projected to hold the largest share of the market during the forecast period.
On the basis of source, the global salicylic acid market is categorized into artificial/synthetic and natural. Among these, the artificial/synthetic segment is projected to hold the largest share of the market during the forecast period. Due to its economy, easier management, and maintenance of production scale compared with its natural counterpart, the synthetic salicylic acid has a quality that can be consistent and far much better than its natural counterpart. Its dominance can be viewed in the wide usage in the pharmaceutical, cosmetics, and food preservatives industries, in which synthetic variants easily fulfill the quality and regulatory requirements.
The cosmetics segment is expected to grow at the fastest CAGR during the forecast period.
On the basis of application, the global salicylic acid market is categorized into pharmaceutical, food & preservatives, and cosmetics. Among these, the cosmetics segment is expected to grow at the fastest CAGR during the forecast period. Salicylic acid is regarded as effective in treating acne and other prevalent dermal diseases, so it is more used in various face washes, serums, toners, sprays, etc., and especially in antiacne and anti-aging product lines, thus driving the segment into higher growth.
North America is projected to hold the largest share of the global salicylic acid market over the forecast period.
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North America is projected to hold the largest share of the global salicylic acid market over the forecast period. There has been growing awareness about products that contain active ingredients like salicylic acid that help to also focus care upon the skin, which in itself is a major driving because that contributes to regionally rapid growth. Again, the expansion of geriatric populations and diseases, or the incidence of chronic ones, further energizes pharmaceutical demand for salicylic acid.
Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period. Demand from the skincare and pharmaceuticals sector for products that use salicylic acid. It is going to be highly driven by large population base coupled with the economic growth of a country like China, India, and Japan. Acne and rising consciousness among the younger generation are two significant reasons that lead to increased demand for skincare and subsequently support the market's growth curve.
Major vendors in the global salicylic acid market are Siddharth Carbochem Products Ltd., Zhenjiang Maoyuan Chemical Co. Ltd., Alfa Aesar, J.M Loveridge Ltd., Novacyl, Alta Laboratories Ltd., Zhenjiang Gaopeng Pharmaceutical Ltd., Hebei Jingye Group, Avnochem Limited, Shandong Xinhua Pharmaceutical Co. Ltd., Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In December 2023, Dove has established its range of serum body washes with Acne Clear that includes a 1% clearing salicylic acid acne treatment that helps to clean and even prevent acne.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global salicylic acid market based on the below-mentioned segments:
Global Salicylic Acid Market, By Source Type
- Artificial/Synthetic
- Natural
Global Salicylic Acid Market, By Application
- Pharmaceutical
- Food & Preservatives
- Cosmetics
Global Salicylic Acid Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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