The global Salicylic Acid market stood at approximately 185 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 7.35% during the forecast period until 2034. Salicylic acid, also known as acidum salicylicum or o-hydroxybenzoic acid, derives its name from the Latin term "salix," which means willow tree, as it was initially extracted from the bark of these trees. This organic compound falls under the category of aromatic hydroxy acids, characterized by the presence of a carboxyl group (COOH) and a hydroxyl group (OH). Its chemical formula is represented as C7H6O3.
Salicylic acid finds numerous applications across various industries. In the skincare industry, it is widely utilized for its exfoliating properties, helping to remove dead skin cells and unclog pores, making it effective in treating acne, blackheads, and other skin blemishes. Moreover, salicylic acid is a key ingredient in many over-the-counter acne treatments, including creams, gels, and cleansers, due to its ability to reduce inflammation and redness associated with acne. Additionally, salicylic acid is employed in the treatment of various skin conditions such as psoriasis, warts, and calluses, where its keratolytic properties aid in softening and removing thickened skin layers. Beyond skincare, salicylic acid is used in the pharmaceutical industry for its analgesic and anti-inflammatory properties, often incorporated into topical pain relief creams and ointments for conditions like muscle aches and joint pain. Furthermore, salicylic acid has applications in the agricultural sector, where it is utilized as a plant hormone regulator and a component of some herbicides to control weed growth. Overall, the multifaceted uses of salicylic acid make it a valuable compound in skincare, pharmaceuticals, and agriculture, contributing to its widespread presence across diverse industries.
The increasing utilization of salicylic acid in various pharmaceutical products such as phenyl salicylate, methyl salicylate, and salicylic acid amine, as well as in cosmetic and personal care items like haircare and skincare products, has propelled market growth. The emergence of different skin disorders, hair-related issues, and aging-associated health concerns has contributed to the expansion of the salicylic acid market. Salicylic acid, a naturally occurring compound known for its remarkable antibacterial and anti-inflammatory properties, is commonly incorporated into pharmaceutical formulations, personal care products, and cosmetics. It serves as an exfoliating agent in shampoos and conditioners to address dandruff, thanks to its anti-inflammatory and antibacterial attributes. Numerous research and development initiatives are underway to enhance the effectiveness and safety of salicylic acid-based products. With its role in treating and preventing ailments like dementia and strokes, particularly in the elderly population, the demand for salicylic acid is on the rise. The utilization of salicylic acid, a versatile ingredient known for addressing various underlying causes of blemishes, is increasing in the prevention of acne and related cosmetics. Its rising usage is highlighted by researchers who view it as a viable alternative to glycolic acid, indicating its significance as a key driver of growth in the market. The global Salicylic Acid market is likely to reach approximately 405 thousand tonnes in 2034.
Countries like the United States and Canada dominate the salicylic acid market due to several factors. These nations boast well-established pharmaceutical and healthcare industries, driving significant demand for salicylic acid-based medications to treat various ailments. Stringent regulatory frameworks ensure product safety and quality, fostering consumer trust. Furthermore, advanced research and development capabilities enable continuous innovation in salicylic acid formulations and applications. With major manufacturers and suppliers based in these countries, efficient supply chains ensure widespread availability of salicylic acid products across industries. Overall, the convergence of strong demand, regulatory standards, R&D capabilities, and industry presence cements the dominance of the United States and Canada in the salicylic acid market. Asia Pacific region is anticipated to register a high growth in demand for Salicylic Acid globally mainly due the region's large and growing population, particularly in countries like China and India, creates a significant demand for skincare and pharmaceutical products, where salicylic acid is extensively utilized. Additionally, rising disposable incomes and urbanization in the Asia-Pacific region contribute to increased spending on personal care products, further fueling the demand for salicylic acid in cosmetics and skincare formulations. Moreover, the region's thriving pharmaceutical industry, coupled with increasing healthcare awareness, drives the demand for medications containing salicylic acid for various skin conditions and pain relief.
Based on the end-user industry, the global Salicylic Acid market is divided into Cosmetics & Personal Care, Pharmaceuticals, Food Additives, and Others. Among these, Pharmaceuticals is the dominating segment and held about 60% of the global Salicylic Acid market in 2023. Also, Cosmetics & Personal Care is another predominant sector. Salicylic acid is a widely used compound in cosmetics, found in various products including acne toners, antibacterial gels and creams, exfoliants, soaps, masks, and anti-dandruff shampoos.
Major players in the Global Salicylic Acid market are Zhenjiang Gaopeng Pharmaceutical Co. Ltd, Hebei Jingye Group, Shandong Xinhua Longxin Chemical Co. Ltd, Siddharth Carbochem Products Ltd, Thermo Fisher Scientific, Alta Laboratories Ltd, A.M. Loveridge Ltd, Spectrum Chemical Manufacturing Corp, Seqens SAS, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Salicylic Acid which covers production, demand and supply of Salicylic Acid market in the globe.
• To analyse and forecast the market size of Salicylic Acid
• To classify and forecast Global Salicylic Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Salicylic Acid market in the globe.
To extract data for Global Salicylic Acid market, primary research surveys were conducted with Salicylic Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Salicylic Acid market over the coming years.
ChemAnalyst calculated Salicylic Acid demand across the globe by analyzing the volume of Salicylic Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Salicylic Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Salicylic Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Salicylic Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Salicylic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
185 thousand tonnes
Market size Volume in 2034
405 thousand tonnes
Growth Rate
CAGR of 7.35% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Cosmetics & Personal Care, Pharmaceuticals, Food Additives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Salicylic Acid in terms of volume in 2023?
Ans:
The global market size of Salicylic Acid has reached approximately 185 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Salicylic Acid?
Ans:
Pharmaceuticals industry is the leading end-user industry of Salicylic Acid globally.
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