To know the impact of COVID-19 On Salicylic Acid Market Size, Share, Manufacturers & Trends Analysis Report By Product (Food Grade, Pharmaceutical Grade, Others), By Applications (Pharmaceutical, Food, and Preservatives, Cosmetics, Others) Based on Region, And Segment Forecasts, 2021 - 2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Salicylic acid Market is valued at USD 275.7 Million in 2020 and is expected to reach USD 481.7 Million by 2027 with a CAGR of 8.3% over the forecast period.
Global Salicylic acid Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Cumulative awareness about health and hygiene and growing demand for salicylic acid in manufacturing cosmetic skincare products are some of the major factors driving the growth of Global Salicylic acid Market.
Scope of Global Salicylic acid Market Report:
Salicylic acid is termed an organic compound with the molecular formula HOC₆H₄CO₂H. It is bitter-tasting solid and generally colorless, it is recognized as a precursor to and a metabolite of aspirin. Salicylic Acid holds three hydrogen bond acceptors and two hydrogen bond donors in its molecule. It is normally a plant hormone with the name Latin salix for willow tree. It is one of an ingredient in certain anti-acne products. The molar mass of salicylic acid is around 138.121 g/mol and the boiling point is 211 °C. It is familiarly used as medicine and known for dropping acne by exfoliating the skin and maintaining the pores clear. Owing to its nature of lipophilic, its solubility in water is extremely poor. Salicylic acid is soluble in CCl4, ether, benzene, ethanol, acetone, oil of turpentine, propanol, and toluene.
Salicylic acid is prepared from phenol, methyl salicylate, and from many other methods. Salicylic acid discovers various applications, predominantly in the pharmaceutical industry. The most collective and well-known use of salicylic acid is in the preparation of an analgesic, called aspirin, which is an acetylated derivative of salicylic acid. Also, salicylic acid is used as a keratolytic agent. These agents are used as masks to treat numerous types of skin lesions in the form of chemical skin peeling. Salicylic acid was first produced in 1838 by Raffaele Piria, an Italian chemist from salicylaldehyde.
Covid-19 has shown a significantly negative effect on the global salicylic acid market as a massive majority of customers are dedicated to stocking up on crucial household items, foremost to condensed sales of cosmetics and personal care products. Owing to the lockdown scenario, the production of salicylic acid is respectively decreased. The government limitations enforced to comprise the spread of the coronavirus headed to abundant supply chain and logistics disruptions, causing raw material scarcities and interruption in manufacture. Lack of staff, the shutdown of all industries, and strict rules & regulations are responsible for to decline of the salicylic acid market share during the pandemic.
Salicylic Acid Manufacturers:
Global Salicylic acid Market reports cover prominent players like Zhenjiang Gaopeng Pharmaceutical Co. Ltd, Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd, Thermo Fisher Scientific, Merck & Co Inc., and others.
Global Salicylic acid Market Segmentation:
The Global Salicylic acid Market is segmented on the basis of product, applications, and region & country level. Based on product, the Salicylic acid Market is classified as food grade, pharmaceutical grade, and others. Based on applications, the Salicylic acid Market is categorized as pharmaceutical, food and preservatives, cosmetics, and others.
- Food Grade
- Pharmaceutical Grade
- Food and Preservatives
News: Kiehl’s Launched Facial Moisturiser that Tackles ‘Maskne’ Thanks to Salicylic Acid
May 17th, 2021; Kiehl Introduced Breakout Control Blemish Treatment Facial Lotion with Niacinamide. It is priced at £40 and this moisturizer is enriched with Salicylic Acid and helps to diminish the appearance of blemishes whilst soothing the feel of skin and evening skin tone for a clear complexion. It is formulated with Niacinamide and Salicylic Acid, this formula gently exfoliates to help visibly reduce the appearance of blemishes, including those induced by the wearing of masks, also known as “maskne”. This lotion, enriched with Salicylic Acid (BHA), also helps to prevent the formation of spots.
Global Salicylic Acid Market Dynamics:
Several factors are contributing to the growth of the Salicylic acid market across the world such as growing applications of salicylic acid in various sectors, an upsurge in the prevalence of chronic acne vulgaris, due to sedentary lifestyles, and augmented consumption of fast food items. Cumulative awareness about health and hygiene is one of the major factors driving the salicylic acid market growth worldwide. Salicylic acid is used to manufacture several medicines such as acetylsalicylic acid (aspirin) and many more. Aspirin is one of the prominent selling pharmaceutical drugs throughout the world and its consumption is extremely rising as it proposes superior pain-relieving action, and this drug is easily available in the market. For instance; according to the report published in December 2018, Aspirin is usually used for the prevention of cardiovascular and cerebrovascular diseases. Cancer occurrences were found in 26,929 (13.2%) aspirin users and 70,755 (17.3%) in non-aspirin users. Compared with patients who had not been prescribed aspirin, the usage led to a significant reduction of cancers. The use of aspirin is associated with the reduction in the risk of various cancers. Due to various beneficial factors regarding health and hygiene, salicylic acid is mostly used.
Additionally, people are more concerned about their looks than ever before. Salicylic acid operates in shampoo by cracking down dead skin cells. This is scientifically proven to improve treat conditions that affect the scalp, like seborrheic dermatitis and psoriasis. A salicylic acid-containing shampoo can support by shattering down these patches while growing moisture to help stop them from forming. For example; the haircare industry has progressed to a base of INR 22,500 crore. The categories working in the business have experienced a 9.6 percent compounded yearly growth rate in value. With increased attention to hair and scalp health, people are opting for more sophisticated haircare products while salicylic acid plays an essential role in hair care products. Consequently, the surge in consumption of haircare products due to rising concerns about their looks is largely contributing to the growth of the Salicylic acid market globally over the forthcoming years.
However, the actuality that temporary exposure to salicylic acid may lead to breathing problems, skin irritation, and digestive syndromes may hamper the salicylic acid market growth across the world. In spite of that, high adoption in medical cosmetics and rising demand from emerging economies may offer more opportunities for the further growth of the market.
Global Salicylic Acid Industry Regional Analysis–
On a geographic basis, North America is expected to dominate the growth of the Salicylic acid market owing to intensifying consumption of salicylic acid in the region. The use of salicylic acid is relatively augmenting owing to its outstanding applications and advantages. For instance; more than 16,000 tons of salicylic acid was consumed in the United States of America owing to shelf-life allowance solutions in food and beverages applications. Additionally, in the US, more than 50 brands of salicylic acid drugs and supplements are used while in Canada, nearly 25 brands are being used by many people. Numbers of products suggested by doctors who include soap, liquid, pad, solution, lotion, foam, and others were used among people. Salicylic acid brings tremendous benefits which result in the growing demand for it. Several applications in medicine, the skin & hair industry, healthcare, food & beverages, and many more are also increasing the demand for salicylic acid in this region.
The Asia Pacific is projected to become the fastest-growing market for Salicylic acid owing to the growing demand for salicylic acid in the manufacturing of cosmetic skin care products in the region. The usage of beauty products and cosmetics has been an age-old tradition among the people in the Asia Pacific. The concerns regarding skin troubles such as skin blackening, burn, escalating cases of pimples, blackheads, whiteheads, warts, zits are responsible to enhance the demand for personal care products during the study period. For instance; in 2019, Neutrogena established a 3D-printed face mask, MaskiD, to evaluate skin and produce active ingredients, precisely where it is needed. Likewise, beauty face masks penetration in both Indonesia and Malaysia expanded by around 8% in 2019. Due to exfoliating and antiseptic properties of salicylic acid, it is widely used in the cosmetics industry. Salicylic acid is also recommended by dermatologists in the treatment of acne and warts.
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Key Benefits of Salicylic Acid Report–
- Global Salicylic acid report covers in-depth historical and forecast analysis.
- Global Salicylic acid research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Salicylic Acid Manufacturers, Competitive Analysis, Regional and Country Level.
- Global Salicylic acid report helps to identify opportunities in the marketplace.
- Global Salicylic acid report covers an extensive analysis of emerging trends and competitive landscape.
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Salicylic Acid Market Trends, Companies, Growth, Size, Share, Industry Analysis (2021-2027)
Salicylic Acid Market Size, Share, Manufacturers & Trends Analysis Report By Product (Food Grade, Pharmaceutical Grade, Others), By Applications (Pharmaceutical, Food, and Preservatives, Cosmetics, Others) Based on Region, And Segment Forecasts, 2021 - 2027
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