Salicylic Acid Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3712
Salicylic Acid Market size will grow exponentially to 2025 driven by increasing consumer inclination towards health benefits of salicylic acid concentrated cosmetic products. In 2018, the revenue generated from cosmetic ingredients market globally was valued at over USD 500 billion. It aids in various hair & skin care problems such as dandruff, hair fall, psoriasis, acne, and other skin diseases. Upgraded purchasing power among women, improved lifestyles & wide application use in industries such as healthcare, pharmaceuticals, & cosmetics owing to its anti-inflammatory, fungicidal, and comedolytic properties may stimulate salicylic acid market share.
Salicylic acid’s extensive application in pharmaceutical industry to manufacture various medicines such as acetylsalicylic acid, methyl salicylate, phenyl salicylate, sodium salicylate, and methyl salicylate may foster market growth. In U.S., revenue generated from analgesics was valued at over USD 5 billion in 2017 and aspirin is the most widely used analgesic globally. Increasing demand for these medicines & changing consumer perceptions on overall wellbeing owing to rise in infectious diseases such as common cold, whopping cough, influenza, and tuberculosis may trigger salicylic acid market share.
Increasing cases of cardiovascular diseases such as stroke, angina, arrhythmia, coronary heart disease, and myocardial infraction owing to rising cases of drug abuse such as marijuana, stress, excessive consumption of cigarettes, alcohol, and caffeine may trigger market demand. In UK, over 25,000 women & 15,000 men died from heart stroke in 2016. Salicylic acid is the main ingredient in manufacturing aspirin which is widely prescribed to patients suffering from the symptoms of heart disease. It interferes with the blood’s clotting action & helps form a plug which seals the opening in blood vessels to prevent bleeding & inhibits clumping action of platelets thus minimizing the risk of heart attacks which may stimulate salicylic acid market growth.
Increase in prevalence of chronic acne vulgaris in adults & teenagers owing to sedentary lifestyles and increased consumption of fast food items which may accelerate salicylic acid market share. In U.S., over 180,000 franchised quick service restaurants opened in 2016. Fast foods are rich in refined carbohydrates & fat which get absorbed in the bloodstream increasing the production of oil on skin and triggering the rate of acne breakouts. Salicylic acid the most common ingredient in acne regulating cosmetics. It is derived from the bark of willow tree & its organic nature makes it more oil soluble as to penetrate the pores of skin. The product dissolves skin debris, exhibits anti-inflammatory properties, reduces red inflamed acne and aids in faster healing which may accelerate market share.
North America salicylic acid market demand led by U.S. and Canada should witness a significant growth during forecasted period owing to rising cases of neurological diseases such as Huntington’s disease & Alzheimer's. In California, U.S. over 160 thousand people were diagnosed with Alzheimer’s disease in 2018. Salicylic acid in primary or secondary form is prescribed as a preventing agent for preventing degradation of brain mass, providing enhanced neuronal protection against oxidative stress, and regulation of glyceraldehyde 3-phosphhate dehydrogenase (GADH) owing to antiinflammation characteristics may foster market growth.
Europe salicylic acid market size driven by UK, Germany, France, and Italy may witness moderate growth during forecasted period. Changing consumer perceptions on hair care products comprising of natural ingredients and demand for high quality products may foster market share. In Denmark, import value of shampoo products were valued at over USD 45 million in 2018. Salicylic acid is widely used in manufacturing of hair care products such as shampoo’s, conditioners, and serums owing to its antibacterial, keratolytic, anti-inflammatory, and anti-microbial characteristics. Salicylic acid prevents flaking & dandruff on scalp and is compatible with various hair types such as normal, dry, and oily which may stimulate salicylic acid market share.
Asia Pacific salicylic acid market demand led by Japan, China, and India may see a significant growth. Rise in air contaminants such as toxic sulphur & mono oxide gases, volatile organic matter, and dirt in metropolitan cities owing to rapid industrialization may increase market share. In Shanghai, China air pollution index went upto to 160 in 2019 which is characterized as unhealthy. Air contaminants settle on the upper dermis of skin & come in contact with the natural oil produced by skin thus clogging pores and causing acne breakouts. Its anti-microbial & anti-inflation properties reduce the prevalence of breakouts by removing dead skin cells, blackheads, and regulating excess oil production. Salicylic acid also exhibits keratolytic & exfoliating properties which promote regeneration and softening on the top layer skin which may stimulate market share.
Global salicylic acid market share is consolidated as market consist of few pivotal players. Companies such as Alta Laboratories, Cropnosys, Siddharth Carbochem Products, Novacap ,Zhenjiang Gaopeng Pharmaceutical, Siddharth Carbochem Products, Seidler Chemical Company, Hebei Jingye Group, Simco QC, and Shandong Xinhua Longxin Chemical are key players in this market.
Salicylic Acid Market, By Application, 2014-2025 (Tons) (USD Million)
- Food & Beverage
Salicylic Acid Market, By End-Use, 2014-2025 (Tons) (USD Million)
- Acne Solution
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Alta Laboratories
- Cropnosys India
- Siddharth Carbochem Products
- Aastrid International
- Wego Chemical & Mineral
- Zhenjiang Gaopeng Pharmaceutical
- Dandekar Pharma Chem
- Hebei Jingye
- Seidler Chemical Company
- Simco QC
- Spectrum Chemical Mfg. Corp.
- Shandong Xinhua Longxin Chemical
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