AEA Salicylic Acid Market by Application (Pharmaceutical, Skin Care, Haircare, and Food Preservatives & Others): Opportunity Analysis and Industry Forecast, 2021–2030
The AEA salicylic acid market was valued at $274.5 million in 2020, and is projected to reach $553.8 million by 2030, growing at a CAGR of 7.3% from 2020 to 2030.
Salicylic acid is a lipophilic monohydroxybenzoic acid, a type of phenolic acid, and a beta hydroxy acid, with the molecular formula C₇H₆O₃. In terms of physical properties, it is an odorless and colorless crystalline organic acid. Salicylic acid acts as an intermediate in the pharmaceutical and personal care industries. The AEA salicylic acid market estimation includes revenue reported by salicylic acid and its applications.
Owing to the anti-inflammatory properties of salicylic acid, it is highly preferred by pharmaceutical and skin care industries. Thus, the AEA salicylic acid market is anticipated to witness strong growth opportunities during the forecast period, owing to increase in demand from various end-use industries, including pharmaceutical, food & beverage, and cosmetic & personal care industries. Furthermore, salicylic acid is key ingredient in the manufacturing of aspirin. Aspirin is one of the most often prescribed pharmaceutical medications in the world, and its use is on rise due to its superior pain-relieving properties and ease of availability. In addition, it is increasingly being used to prevent and cure diseases such as dementia and strokes, particularly among the elderly, which is driving the demand for this medicine.
Moreover, salicylic acid is used in the personal care & cosmetics industry due to its oxidation property. Increase in number of individuals suffering from pimples, whiteheads, blackheads, warts, and zits is expected to further drive the demand for salicylic acid-based cosmetics. In addition, developments in personal care products are expected to support the growth of salicylic acid market during the forecast period.
Key benefits for stakeholders
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2021 to 2030 to determine the prevailing opportunities.
The study provides a comprehensive analysis of the factors that drive and restrict the growth of the market.
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
Profiles of leading players operating in the market are provided to understand the competitive scenario.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.
Key market segments
By Application
Pharmaceuticals
Skin care
Haircare
Food preservatives & others
By Region
North America
U.S.
Canada
Mexico
Latin America
Brazil
Argentina
Chile
Rest of Latin America
Europe
France
Germany
Italy
Spain
United Kingdom
Rest of Europe
Africa
Algeria
Egypt
Morocco
Rest of Africa
Key market players
Alfa Aesar
Avonchem limited
J.M. Loveridge limited
Novacyl
Midas Pharma GmbH
Wego Chemical Group
Solvay
Merck KGaA
Reagents
Other players in the market are Thermo Fisher Scientific, Alta Laboratories, and others.
List of Company Profiles
ALFA AESAR
AVONCHEM LIMITED
J.M. LOVERIDGE LTD.
NOVACYL
MIDAS PHARMA GmbH
WEGO CHEMICAL GROUP
LARACHEM INC
MERCK KGAA
REAGENTS
SOLVAY
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