Salicylic Acid Market Size, Share & Growth Analysis Report, 2024
salicylic acid market size reached US$ 447.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 746.4 Million by 2032
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IMARC Group has recently released a new research study titled “Salicylic Acid Market Report by Application (Pharmaceuticals, Personal Care, Food & Preservatives, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global salicylic acid market size reached US$ 447.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 746.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.
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Global Salicylic Acid Market
Salicylic acid is a well-known organic compound commonly used in skincare and medical treatments. As a beta hydroxy acid (BHA), it is lipid-soluble, which enables it to penetrate oily skin and unclog pores, thus making it highly effective in treating acne and other skin blemishes. In addition to its cosmetic applications, salicylic acid has medicinal uses, particularly as an anti-inflammatory agent. It's a key ingredient in aspirin, which helps to reduce pain and inflammation. Historically, it was derived from willow bark, and its medicinal properties have been recognized for centuries. Furthermore, salicylic acid is used as a plant hormone in the agriculture industry to promote growth and development. Its ability to act as a preservative is also leveraged in the food industry.
Global Salicylic Acid Market Trends
The increasing demand for skin care products that address conditions like acne, warts, and psoriasis is boosting the utilization of salicylic acid, which represents one of the key factors driving the growth of the market across the globe. In line with this, Salicylic acid's anti-inflammatory and pain-relieving properties make it a key ingredient in medications like aspirin which is boosting the growth of the market. The growing prevalence of cardiovascular diseases and the need for pain management solutions are driving demand in this sector. The growing global awareness of personal care and hygiene, especially among the younger population, is leading to a rise in products containing salicylic acid. The development of new formulations and combinations with other active ingredients is broadening the applications of salicylic acid, which is creating a positive outlook for the market across the globe.
Salicylic Acid Market Report Segmentation:
By Application:
· Pharmaceuticals
· Personal Care
· Food & Preservatives
· Others
Regional Insights:
· Europe
· North America
· Asia Pacific
· Middle East and Africa
· Latin America
Competitive Landscape with Key Players:
The competitive landscape of the salicylic acid market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Alfa Aesar (Thermo Fisher Scientific)
· Alta Laboratories Limited
· JM Loveridge Limited
· Novacap,
· Inc. Sigma-Aldrich Chemicals Private Limited
· Siddharth Carbochem Products Limited,
Ask Analyst for Customized Report:
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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