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Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Salicylic acid is an organic white crystalline solid with the chemical formula C7H6O3. It can be derived naturally from plants such as willow tree and salix or can be produced synthetically from sodium phenolate and carbon dioxide. Owing to its fungicidal, anti-inflammatory, keratolytic, comedolytic and anti-microbial properties, salicylic acid finds several applications in the cosmetics, healthcare and pharmaceutical industries. Salicylic acid is also used to manufacture cosmetics as it helps in moisturising and dissolving the substance that causes the skin layers to stick together. According to 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 reached a value of US$ 391 Million in 2018.

In the pharmaceutical industry, salicylic acid is extensively used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Growth in the demand for these medicines due to a rise in the number of human infectious diseases has created an attractive market for salicylic acid. Moreover, it is used for manufacturing haircare and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration. Increasing demand for these products owing to consumer’s awareness is propelling the market growth worldwide. Additionally, growing consumption of derivatives of salicylic acid, such as chlorine salicylate and methyl salicylate as a liniment for muscle and joint pain, is further expected to boost its demand. Looking forward, the market value is projected to reach US$ 540 Million by 2024, expanding at a CAGR of 5.5% during 2019-2024.

Market Summary:

  • On the basis of application, pharmaceuticals represent the largest segment, followed by personal care, and food & preservatives.
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. 
  • On assessing the import and export scenario of the market, it is found that India and China are the biggest importer and exporter of salicylic acid, respectively.
  • The competitive landscape of the market has also been examined with some of the key players being Alfa Aesar, Alta Laboratories Ltd., JM Loveridge Limited, Novacap, Sigma Aldrich, Siddharth Carbochem Products Ltd, etc.

This report provides a deep insight into the global salicylic acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the salicylic acid market in any manner.

Key Questions Answered in This Report:

  • How has the global salicylic acid market performed so far and how will it perform in the coming years?
  • What are the key regions in the global salicylic acid market?
  • What are the key application segments in the global salicylic acid market?
  • What are the various stages in the value chain of the global salicylic acid market?
  • What are the key driving factors and challenges in the global salicylic acid market?
  • What are the import and export trends of the global salicylic acid market?
  • What is the structure of the global salicylic acid market and who are the key players?
  • What is the degree of competition in the global salicylic acid market?
  • How is salicylic acid manufactured?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Salicylic Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Margin Analysis
    5.4    Market Breakup by Application
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Raw Material Procurement
        5.8.4    Manufacturing
        5.8.5    Marketing
        5.8.6    Distribution
        5.8.7    End-Use
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6   Market Breakup by Application
    6.1    Pharmaceuticals
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Personal Care
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Food & Preservatives
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Region
    7.1    Europe
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Asia Pacific
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Middle East and Africa
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Imports and Exports
    8.1    Imports by Major Countries
    8.2    Exports by Major Countries
9   Salicylic Acid Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10  Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Alfa Aesar
        10.3.2    Alta Laboratories Ltd. 
        10.3.3    JM Loveridge Limited
        10.3.4    Novacap 
        10.3.5    Sigma-Aldrich
        10.3.6    Siddharth Carbochem Products Ltd. 


List of Figures

Figure 1: Global: Salicylic Acid Market: Major Drivers and Challenges
Figure 2: Global: Salicylic Acid Market: Sales Value (in Million US$), 2011-2018
Figure 3: Global: Salicylic Acid Market: Breakup by Application (in %), 2018
Figure 4: Global: Salicylic Acid Market: Breakup by Region (in %), 2018
Figure 5: Global: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 6: Global: Salicylic Acid Industry: SWOT Analysis
Figure 7: Global: Salicylic Acid Industry: Value Chain Analysis
Figure 8: Global: Salicylic Acid Industry: Porter’s Five Forces Analysis
Figure 9: Global: Salicylic Acid (Application in Pharmaceuticals) Market: Sales Value (in Million US$), 2011 & 2018
Figure 10: Global: Salicylic Acid (Application in Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 11: Global: Salicylic Acid (Application in Personal Care) Market: Sales Value (in Million US$), 2011 & 2018
Figure 12: Global: Salicylic Acid (Application in Personal Care) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Salicylic Acid (Application in Food & Preservatives) Market: Sales Value (in Million US$), 2011 & 2018
Figure 14: Global: Salicylic Acid (Application in Food & Preservatives) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Salicylic Acid (Other Applications) Market: Sales Value (in Million US$), 2011 & 2018
Figure 16: Global: Salicylic Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Europe: Salicylic Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 18: Europe: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: North America: Salicylic Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 20: North America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Asia Pacific: Salicylic Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 22: Asia Pacific: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Middle East and Africa: Salicylic Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 24: Middle East and Africa: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Latin America: Salicylic Acid Market: Sales Value (in Million US$), 2011 & 2018
Figure 26: Latin America: Salicylic Acid Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Salicylic Acid: Import Breakup by Country (in %), 2017
Figure 28: Global: Salicylic Acid: Export Breakup by Country (in %), 2017
Figure 29: Salicylic Acid Manufacturing: Detailed Process Flow
 

List of Tables

Table 1: Salicylic Acid: General Properties
Table 2: Global: Salicylic Acid Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Salicylic Acid Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: Salicylic Acid Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Salicylic Acid: Import Data by Country, 2017
Table 6: Global: Salicylic Acid: Export Data by Country, 2017
Table 7: Salicylic Acid: Raw Material Requirements
Table 8: Global: Salicylic Acid Market: Competitive Structure
Table 9: Global: Salicylic Acid Market: Key Players

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