Global Salicylic Acid Market to Reach US$ 540 Million by 2024, Increasing Utilization in Personal Care Products Stimulating Growth

November 21, 2019

As per the latest report by IMARC Group, titled “Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global salicylic acid market size reached US$ 391 Million in 2018. Salicylic acid (C7H6O3), chemically known as ortho-hydroxybenzoic acid, is an odorless white crystalline solid that is naturally derived from salix and willow tree. It can also be synthetically produced using carbon dioxide and sodium phenolate. It has fungicidal, keratolytic, comedolytic, anti-inflammatory and anti-microbial properties that help in lowering the pH value of stratum corneum, the outermost layer of the skin. Owing to its favorable properties, salicylic acid finds numerous applications in the food, cosmetic, healthcare, personal care and pharmaceutical industries across the globe.

Global Salicylic Acid Market Trends:

Salicylic acid is widely utilized in the pharmaceutical industry for manufacturing medicines, such as methyl salicylate, phenyl salicylate, sodium salicylate, salicylic acid amine and acetylsalicylic acid (aspirin). A rise in the demand for these medicines, in confluence with the increasing cases of infectious diseases among individuals, is boosting the overall sales of salicylic acid around the world. Apart from this, as it nourishes and exfoliates the skin, removes dead skin cells and minimizes skin discoloration, it is widely used as an active ingredient in various personal care products. For instance, it is used in facial cleansers, serums, creams and ointments for clearing and treating acne and skin blemishes. It is also employed for treating skin conditions that involve scaling or overgrowth of skin cells, such as corns, calluses, psoriasis, and ichthyoses dandruff. This, along with the burgeoning personal care industry, is anticipated to impel the market growth in the coming years. On account of these factors, the market value is projected to reach US$ 540 Million by 2024, expanding at a CAGR of 5.5% during the forecast period (2019-2024).

Market Summary:

  • Based on the application, the market has been classified into pharmaceuticals, personal care, food and preservatives, and others. Amongst these, the pharmaceutical sector accounts for the majority of the total market share.
  • Region-wise, North America represents the largest market. Other major markets include Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • On assessing the import and export scenario of the market, it has been found that India and China are the leading importers and exporters of salicylic acid, respectively.
  • The competitive landscape of the market has been examined, with some of the key players being Alfa Aesar (Thermo Fisher Scientific Inc.), Alta Laboratories Ltd., JM Loveridge Limited, Novacap, Inc., Sigma-Aldrich Corporation and Siddharth Carbochem Products Ltd.


About Us

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.


Contact Us

IMARC Group
Email: sales@imarcgroup.com
Phone No: (D) +91 120 433 0800 | www.imarcgroup.com 
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331

Global Salicylic Acid Market to Reach US$ 540 Million by 2024, Increasing Utilization in Personal Care Products Stimulating Growth
Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More