Market Size – USD 416.3 Million in 2019, Market Growth – CAGR of 7.2%, Market Trends – The huge growth in skincare & hair care products that include moisturizing, dandruff clean, and dark spot removal, and acne cure, among others.
The Global Salicylic Acid Market is projected to reach USD 731.4 Million by 2027. The market is fueled by the rising trend of usage of salicylic acid in food preservation, and extensive growth of the cosmetic & personal care industries, and proliferating usage of sunscreen & anti-acne products. Huge demand for the personal care industries specializing the skincare, hair care products, and a sudden enormous lift in the growth of the pharmaceutical products including disinfectant, wart removal, antiseptic end-use over-the-counter drugs, and medicines have substantially propelled the overall market growth and expected to add to the market share predominantly in the forthcoming years.
The growing popularity of the personal care industry consisting the hair care and skincare products that help cure dandruff, seborrheic dermatitis, and acne repellant, dark spot removal, and others, respectively.
The Asia Pacific region possesses one of the leading consumer bases and occupies a significant market share. This region is also expected to register the highest growth during the forecast period as an immense rise in the demand for the personal care & cosmetics products & rise in the consumers owing to an increase in the disposable income especially in the countries like China, India, and Indonesia, among others.
Some of the major players of the market are:
Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Siddharth Carbochem Products Ltd., Novocap, Simco Chemicals, J.M. Loveridge Ltd., Alfa Aesar GmbH & Co KG., Shandong Xinhua Pharmaceutical Co. Ltd., Hebei Jingye Group, and Avnochem Limited, among others.
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For the purpose of this report, Reports and Data have segmented the global market on the application, grade, sales channel, end-use verticals, and region:
Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Acne Solution & Sun-screening
Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Online Retails
- Offline Retails
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- Food & Beverage
- Personal Care
By Region (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Further key findings from the report suggest:
- The demand for the highly effective anti-inflammation, skin-irritating and acne removing products are the primary drivers for the market, and would increasingly help in driving the overall market during the forecast period.
- Pharmaceutical grade is growing with the fastest CAGR of 8.3% during the forecast period owing to the huge development of pharmaceutical & topical medicine products recently.
- Salicylic acid is a widely used and desirable agent for the prevention of fermentation in many industries. The preservation of sub-segment is growing at a CAGR of 8.1% throughout the forecast period and expected to lead the market.
- In January 2020, Boots UK Limited, a UK-based health & beauty retailer and pharmacy chain, launched a brand new type of ingredient-led collection that is expected to rival the likes of The Ordinary. The salicylic acid serum helps in leaving the oil from the skin and creates a great less-oily look.
Salicylic Acid Market Size, Share And Industry Analysis By Composition, By Type, By End Users, By Application, By Distribution Channel And Region, Segment Forecasts To 2027, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/salicylic-acid-market
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Salicylic Acid Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Demand for topical medicine & pharmaceutical products
188.8.131.52. High growth of the food preservatives & personal care products
184.108.40.206. Advancement in the chemical formulation
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