Global Salicylic Acid Market Size, Trends, By Form (Powder, Liquid), By Application (Pharmaceuticals, Personal Care, Food & Beverages, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Salicylic Acid Market
The Global Salicylic Acid Market was valued at US$ 416.53 Mn in 2022, estimated to reach US$ 636.09 Mn by 2030, with a CAGR of 5.42% from 2023-2030.
Salicylic acid is a type of beta-hydroxy acid (BHA). It is a colorless, crystalline substance that is widely used in various skincare and beauty products. Salicylic acid is known for its ability to exfoliate the skin by removing dead skin cells, unclogging pores, and reducing inflammation. This makes it an effective treatment for acne and other skin conditions, such as psoriasis, seborrheic dermatitis, and dandruff. In addition to its use in skincare, salicylic acid is also used as a preservative, as well as in the manufacture of pharmaceuticals and other industrial products.
Market Drivers
The global market for salicylic acid is primarily driven by the rising demand for skincare and haircare products across the world. The increasing awareness among consumers about the benefits of using salicylic acid-based products, coupled with the growing demand for organic and natural cosmetics, is expected to further boost the market growth.
In addition, the pharmaceutical industry's growing use of salicylic acid in various drug formulations, especially for the treatment of pain, fever, and inflammation, is also contributing significantly to the market's growth. The rising prevalence of skin diseases and disorders globally, along with the increasing availability of over-the-counter salicylic acid-based products, is expected to drive the market further in the coming years.
Market Restraints
The global salicylic acid market is restrained by the availability of substitutes. There are alternative products available in the market that offer similar benefits to salicylic acid, which reduces the demand for the product. Moreover, the high cost associated with the production of salicylic acid can also be a restraint to market growth, as it limits the affordability of the product to manufacturers and end-users.
Market Segmentation
The scope of the global salicylic acid market covers segmentation based on form, application, and region.
Based on the form, the market is segmented into powder and liquid. Further, the market is segmented into applications, such as pharmaceuticals, personal care, food & beverages, and others.
Regional Analysis
The global salicylic acid market is segmented into 5 main regions, namely, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is currently dominating the global salicylic acid market, with a significant share of the market. This can be attributed to the high demand for skincare and personal care products that contain salicylic acid. Additionally, the increasing prevalence of skin diseases and conditions, such as acne, psoriasis, and warts, is driving the growth of the salicylic acid market in the region.
The Asia-Pacific region is expected to witness fast growth in the salicylic acid market due to the increasing demand for skincare and personal care products. Rising disposable income, changing lifestyles, and increasing awareness about personal grooming and hygiene are some of the key factors driving the demand for salicylic acid-based products in the region.
Key Players
Alta Laboratories Ltd, Novacap, Siddharth Carbochem Products Ltd, Hebei Jingye Group, J.M. Loveridge Limited, Zhenjiang Gaopeng Pharmaceutical Co Ltd, Alfa Aesar, Huayin Jinqiancheng Pharmaceutical Co Ltd, EMCO Dyestu, Bell Chem Corp, etc.
Market Taxonomy
By Form
• Powder
• Liquid
By Application
• Pharmaceuticals
• Personal Care
• Food & Beverages
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the key opportunities in the Global Salicylic Acid Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the market?
• What is the competitive landscape in the industry?
• What is the role of key players in the value chain?
Global Salicylic Acid Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Salicylic Acid Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Salicylic Acid Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Salicylic Acid Market Share Analysis, By Form
5.3 Global Salicylic Acid Market Size and Forecast, By Form
5.3.1 Powder
5.3.2 Liquid
6 Global Salicylic Acid Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Salicylic Acid Market Share Analysis, By Application
6.3 Global Salicylic Acid Market Size and Forecast, By Application
6.3.1 Pharmaceuticals
6.3.2 Personal Care
6.3.3 Food & Beverages
6.3.4 Others
7 Global Salicylic Acid Market, By Region
7.1 Global Salicylic Acid Market Share Analysis, By Region
7.2 Global Salicylic Acid Market Size and Forecast, By Region
7.3 Global Salicylic Acid Market Trends and Forecast, By Region
8 North America Salicylic Acid Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Salicylic Acid Market Share Analysis, By Form
8.3 North America Salicylic Acid Market Size and Forecast, By Application
8.4 North America Salicylic Acid Market Size and Forecast, By Country
8.4.1 U.S.
8.4.1.1 Market Size and Forecast, By Form
8.4.1.2 Market Size and Forecast, By Application
8.4.2 Canada
8.4.2.1 Market Size and Forecast, By Form
8.4.2.2 Market Size and Forecast, By Application
8.4.3 Mexico
8.4.3.1 Market Size and Forecast, By Form
8.4.3.2 Market Size and Forecast, By Application
9 Europe Salicylic Acid Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Salicylic Acid Market Share Analysis, By Form
9.3 Europe Salicylic Acid Market Size and Forecast, By Application
9.4 Europe Salicylic Acid Market Size and Forecast, By Country
9.4.1 Germany
9.4.1.1 Market Size and Forecast, By Form
9.4.1.2 Market Size and Forecast, By Application
9.4.2 France
9.4.2.1 Market Size and Forecast, By Form
9.4.2.2 Market Size and Forecast, By Application
9.4.3 UK
9.4.3.1 Market Size and Forecast, By Form
9.4.3.2 Market Size and Forecast, By Application
9.4.4 Russia
9.4.4.1 Market Size and Forecast, By Form
9.4.4.2 Market Size and Forecast, By Application
9.4.5 Italy
9.4.5.1 Market Size and Forecast, By Form
9.4.5.2 Market Size and Forecast, By Application
9.4.6 Spain
9.4.6.1 Market Size and Forecast, By Form
9.4.6.2 Market Size and Forecast, By Application
9.4.7 Rest of Europe
9.4.7.1 Market Size and Forecast, By Form
9.4.7.2 Market Size and Forecast, By Application
10 Asia Pacific Salicylic Acid Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Salicylic Acid Market Share Analysis, By Form
10.3 Asia Pacific Salicylic Acid Market Size and Forecast, By Application
10.4 Asia Pacific Salicylic Acid Market Size and Forecast, By Country
10.4.1 China
10.4.1.1 Market Size and Forecast, By Form
10.4.1.2 Market Size and Forecast, By Application
10.4.2 Japan
10.4.2.1 Market Size and Forecast, By Form
10.4.2.2 Market Size and Forecast, By Application
10.4.3 India
10.4.3.1 Market Size and Forecast, By Form
10.4.3.2 Market Size and Forecast, By Application
10.4.4 South Korea
10.4.4.1 Market Size and Forecast, By Form
10.4.4.2 Market Size and Forecast, By Application
10.4.5 Australia
10.4.5.1 Market Size and Forecast, By Form
10.4.5.2 Market Size and Forecast, By Application
10.4.6 New Zealand
10.4.6.1 Market Size and Forecast, By Form
10.4.6.2 Market Size and Forecast, By Application
10.4.7 Singapore
10.4.7.1 Market Size and Forecast, By Form
10.4.7.2 Market Size and Forecast, By Application
10.4.8 Malaysia
10.4.8.1 Market Size and Forecast, By Form
10.4.8.2 Market Size and Forecast, By Application
10.4.9 Rest of Asia
10.4.9.1 Market Size and Forecast, By Form
10.4.9.2 Market Size and Forecast, By Application
11 Latin America Salicylic Acid Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Salicylic Acid Market Share Analysis, By Form
11.3 Latin America Salicylic Acid Market Size and Forecast, By Application
11.4 Latin America Salicylic Acid Market Size and Forecast, By Country
11.4.1 Brazil
11.4.1.1 Market Size and Forecast, By Form
11.4.1.2 Market Size and Forecast, By Application
11.4.2 Argentina
11.4.2.1 Market Size and Forecast, By Form
11.4.2.2 Market Size and Forecast, By Application
11.4.3 Colombia
11.4.3.1 Market Size and Forecast, By Form
11.4.3.2 Market Size and Forecast, By Application
11.4.4 Peru
11.4.4.1 Market Size and Forecast, By Form
11.4.4.2 Market Size and Forecast, By Application
11.4.5 Chile
11.4.5.1 Market Size and Forecast, By Form
11.4.5.2 Market Size and Forecast, By Application
11.4.6 Venezuela
11.4.6.1 Market Size and Forecast, By Form
11.4.6.2 Market Size and Forecast, By Application
11.4.7 Rest of Latin America
11.4.7.1 Market Size and Forecast, By Form
11.4.7.2 Market Size and Forecast, By Application
12 Middle East Salicylic Acid Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Salicylic Acid Market Share Analysis, By Form
12.3 Middle East Salicylic Acid Market Size and Forecast, By Application
12.4 Middle East Salicylic Acid Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.1.1 Market Size and Forecast, By Form
12.4.1.2 Market Size and Forecast, By Application
12.4.2 UAE
12.4.2.1 Market Size and Forecast, By Form
12.4.2.2 Market Size and Forecast, By Application
12.4.3 Egypt
12.4.3.1 Market Size and Forecast, By Form
12.4.3.2 Market Size and Forecast, By Application
12.4.4 Kuwait
12.4.4.1 Market Size and Forecast, By Form
12.4.4.2 Market Size and Forecast, By Application
12.4.5 South Africa
12.4.5.1 Market Size and Forecast, By Form
12.4.5.2 Market Size and Forecast, By Application
12.4.6 Rest of Middle East & Africa
12.4.6.1 Market Size and Forecast, By Form
12.4.6.2 Market Size and Forecast, By Application
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Alta Laboratories Ltd
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Novacap
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Siddharth Carbochem Products Ltd
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Hebei Jingye Group
14.4.1 Overview
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 J.M. Loveridge Limited
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Zhenjiang Gaopeng Pharmaceutical Co Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Alfa Aesar
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Huayin Jinqiancheng Pharmaceutical Co Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 EMCO Dyestu
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Bell Chem Corp
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
