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Salicylic Acid Market by Pharmaceuticals Application, Skincare, Haircare and Food Preservative & Others: Global Opportunity Analysis and Industry Forecast, 2020-2027

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    Report

  • 124 Pages
  • April 2020
  • Region: Global
  • Allied Market Research
  • ID: 5118758
The global salicylic acid market was valued at $287.1 million in 2019, and is projected to reach $490.8 million by 2027, growing at a CAGR of 8.0% from 2020 to 2027.



Salicylic acid is a crystalline organic acid derived from plants such as salix and willow tree. Attributing to its keratolytic, anti-inflammatory, fungicidal, comedolytic, and antimicrobial properties, it is extensively used as an antiseptic, disinfectant, pain reliever, wart remover, and food preservative globally. Salicylic acid is an important compound in pharmaceuticals, healthcare, and cosmetics owing to its widespread application in the treatment of diseases such as dandruff, acne, psoriasis, and others. Acetylsalicylic acid, salicylic acid amine, methyl salicylate, sodium salicylate, and phenyl salicylate are the main products manufactured from salicylic acid.

Among these products, acetylsalicylic acid (Aspirin) is produced majorly, and this is done by esterification reaction between salicylic acid and acetic anhydride utilizing sulfuric acid as a catalyst. Aspirin is an anti-inflammatory drug widely used to cure pain, reduce inflammation, and lower fever. Salicylic acid is an important compound in skincare and haircare industry, owing to its applications in the treatment of dermatological and inflammatory diseases. Manufacturers of salicylic acid carefully comply with the regulations and norms drawn by the public authorities in Europe, Asia, and the U.S. to safeguard human health and the environment.

Global salicylic acid market is primarily driven by increasing usage of salicylic acid in preserved food & beverages industry, rising demand for aspirin drug worldwide, and growing application scope in personal care products. Salicylic acid prevents spoilage and fermentation of packaged & frozen foods. It increases the shelf life of large number of food & beverages products such as beer, wine, sauces, and so on. Salicylic acid is harmful to skin and its overexposure may lead to skin irritation, breathing problems, and digestive disorders. Consumer awareness about these factors can moderately hinder the growth of this market. High adoption in medical cosmetics and increasing demand from emerging economies like Asia-Pacific offer various growth opportunities.

The world salicylic acid market is segmented on the basis of application and geography. Salicylic acid is applicable in various industries including pharmaceuticals, skin care, hair care, food & beverages, and others. Each application is further classified into sub-categories such as pharmaceuticals into PC (Prescription drugs) and OTC (Over-the-counter); skincare into moisturizer, sunscreen, and acne solution; and haircare into conditioner and shampoo. By region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The market, with its surging demand in end applications, has witnessed high growth during the past few years, and this growth trend is estimated to continue in the future too. Key players are investing in R&D activities such as use of aspirin in treatment of cardiovascular diseases and development of increased applications for the products formed. Major players in the market are Siddharth Carbochem Products Ltd., Novacyl, Alta Laboratories Ltd., Alfa Aesar, J.M Loveridge Ltd, Zhenjiang Gaopeng Pharmaceutical Ltd., Hebei Jingye Group, Avnochem Limited, Zhenjiang Maoyuan Chemical Co. Ltd, Shandong Xinhua Pharmaceutical Co. Ltd., etc.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global Salicylic Acid market from 2019 to 2027 to determine the prevailing opportunities
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided
  • Estimations and forecasts are based on factors impacting market growth, in terms of both value and volume
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth

KEY MARKET SEGMENTS

By Application
  • Pharmaceuticals
  • PC
  • Wart Remover
  • Disinfectant
  • Antifungal
  • Dentifrices
  • Antiseptic
  • Anti-irritant
  • OTC
  • Scale Lifter
  • Ointment
  • Skin Care
  • Moisturizer
  • Sunscreen
  • Acne Solution
  • Hair Care
  • Conditioner
  • Shampoo
  • Food Preservatives & Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • LAMEA

KEY MARKET PLAYERS
  • Siddharth Carbochem Products Ltd.
  • Novacyl
  • Alta Laboratories Ltd.
  • Alfa Aesar
  • J.M Loveridge Ltd.
  • Zhenjiang Gaopeng Pharmaceutical Ltd.
  • Hebei Jingye Group
  • Avnochem Limited
  • Zhenjiang Maoyuan Chemical Co. Ltd
  • Shandong Xinhua Pharmaceutical Co. Ltd.

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.5. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter’S Five Forces Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraint
3.4.3. Opportunity
3.5. Parent Peer Market Overview
3.6. Patent Analysis, 2015–2018
3.6.1. Patent Analysis by Country
3.6.2. Patent Analysis by Applicant, 2015–2018
3.7. Impact of Government Rules and Regulations
3.8. Pricing Analysis
Chapter 4: Salicylic Acid Market, by Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Pharmaceutical
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Skin Care
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
4.4. Hair Care
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Share Analysis, by Country
4.5. Food Preservatives & Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Share Analysis, by Country
Chapter 7: Salicylic Acid Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Application
7.2.5. Market Size and Forecast by Country
7.2.3. U. S.
7.2.3.1. Market Size and Forecast, by Application
7.2.4. Canada
7.2.4.1. Market Size and Forecast, by Application
7.2.5. Mexico
7.2.5.1. Market Size and Forecast, by Application
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Application
7.3.5. Market Size and Forecast by Country
7.3.4. Germany
7.3.4.1. Market Size and Forecast, by Application
7.3.5. UK
7.3.7.1. Market Size and Forecast, by Application
7.3.6. France
7.3.6.1. Market Size and Forecast, by Application
7.3.7. Italy
7.3.7.1. Market Size and Forecast, by Application
7.3.8. Spain
7.3.8.1. Market Size and Forecast, by Application
7.3.9. Rest of Europe
7.3.9.1. Market Size and Forecast, by Application
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Application
7.4.3. Market Size and Forecast by Country
7.4.4. China
7.4.4.1. Market Size and Forecast, by Application
7.4.5. Japan
7.4.7.1. Market Size and Forecast, by Application
7.4.6. India
7.4.6.1. Market Size and Forecast, by Application
7.4.7. Korea
7.4.7.1. Market Size and Forecast, by Application
7.4.8. Rest of Asia-Pacific
7.4.8.1. Market Size and Forecast, by Application
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast by Country
7.5.3. Brazil
7.5.3.1. Market Size and Forecast, by Application
7.5.4. Argentina
7.5.4.1. Market Size and Forecast, by Application
7.5.5. Uae
7.5.5.1. Market Size and Forecast, by Application
7.5.6. Qatar
7.5.6.1. Market Size and Forecast, by Application
7.5.7. Rest of LAMEA
7.5.7.1. Market Size and Forecast, by Application
Chapter 8: Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2019
8.2. Top Winning Strategies
8.2.1. Top Winning Strategies, by Year
8.2.2. Top Winning Strategies, by Development
8.2.3. Top Winning Strategies, by Company
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key Developments
8.6.1. New Product Launches
8.6.2. Expansions
8.6.3. Mergers and Acquisition
Chapter 9: Company Profiles
9.1. Siddharthcarbochem Products Ltd.
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves and Developments
9.2. Novacyl
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. Business Performance
9.2.6. Key Strategic Moves and Developments
9.3. Alta Laboratories Ltd
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Product Portfolio
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments
9.4. Alfa Aesar
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Product Portfolio
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments
9.5. J. M Loveridge Ltd
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. Business Performance
9.5.6. Key Strategic Moves and Developments
9.6. Zhenjiang Gaopeng Pharmaceutical Ltd.
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.6.6. Key Strategic Moves and Developments
9.7. Hebei Jingye Group
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Product Portfolio
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments
9.8. Avnochem Limited
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.8.5. Business Performance
9.8.6. Key Strategic Moves and Developments
9.9. Zhenjiang Maoyuan Chemical Co. Ltd
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.9.5. Business Performance
9.9.6. Key Strategic Moves and Developments
9.10. Shandong Xinhua Pharmaceutical Co. Ltd.
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance

Executive Summary

According to the report titled, 'Salicylic Acid Market by Application: Opportunity Analysis and Industry Forecast, 2020-2027', the global Salicylic Acid market size was valued at $287.1 million in 2019, and is projected to reach $490.8 million by 2027, growing at a CAGR of 8.0% from 2020 to 2027. In 2019, pharmaceuticals segment dominated the market with more than 50% share in terms of revenue and more than one-third share in terms of value.

The salicylic acid market is driven by factors such as increasing usage of salicylic acid in preserved food & beverage industry, growing demand for aspirin drug, and rising scope of applications in personal care products. Salicylic acid can be used in conjugation with other pharmaceutical ingredients, such as benzoic acid, resorcinol, coal tar, and sulfur to produce efficient and effective products. It can be used as wart remover, disinfectant, antiseptic, anti-irritant, and scale lifter, owing to its anti-inflammatory, fungicidal, and keratolytic properties. Salicylic acid is one of the two active ingredients approved by the FDA for treatment of psoriasis.

They are utilized in many other medical treatments such as ichthyosis, seborrheic, dermatitis, calluses, and corns. Salicylic acid-based medicines are available as prescription as well as over-the-counter drugs. Overexposure of skin to salicylic acid can cause severe dryness, blistering, heavy breathing, digestive disorders, and skin irritation. Thus, salicylic acid is used in low concentrations due to stringent government regulations regarding product formulations.

Salicylic acid is an important compound in the pharmaceutical and cosmetics industries due to its widespread applications in the treatment of hair fall, dandruff, acne, psoriasis, or blemishes. Salicylic acid-based medicated cosmetics are used for the treatment of various skin related disorders. The adoption of medical cosmetics is increasing due to rising harmful effects of cosmetics on human body. This has led to an increased demand for medicated moisturizers, body lotions, suntan & sunscreen creams, and other skin care products. This in turn is driving the market of salicylic acid during the forecast period. The market for salicylic acid is expected to grow owing to the expanding skincare and haircare industry supported by increasing awareness about health and hygiene among consumers.

The demand for salicylic acid in the pharmaceuticals sector is expected to grow at a CAGR of 7.2% in terms of revenue, owing to increase in demand for salicylic acid for manufacturing aspirin. The demand from skin care sector is expected to witness considerable growth due to increasing usage of salicylic acid in skin care products such as moisturizers, sunscreen, and acne solutions. Geographically, in salicylic acid market share, Europe is expected to hold major share. In term of growth rate, Asia Pacific is estimated to grow with healthy growth rate by end of forecast period.

The major player studied and profiled in the global salicylic acid market are SiddharthCarbochem Products Ltd., Novacyl, Alta Laboratories Ltd., Alfa Aesar, J.M Loveridge Ltd, Zhenjiang Gaopeng Pharmaceutical Ltd., Hebei Jingye Group, Avnochem Limited, Zhenjiang Maoyuan Chemical Co. Ltd, Shandong Xinhua Pharmaceutical Co. Ltd., etc.

Key Findings Of The Study:

On the basis of application, the pharmaceutical industry reported the highest revenue in 2019.
By region, Europe and North America acquired the more than half of market share in 2019, and Asia Pacific is anticipated to be the largest segment by the end of 2027.
OTC is the fastest growing segment in the pharmaceuticals sector, registering a CAGR of 7.1% during the forecast period
Sunscreen is the fastest growing segment in the skin care sector, growing at a significant CAGR from 2019 to 2027.
The U.S. accounted for more than one-fourth share of the global salicylic acid market revenue in 2019

Companies Mentioned

  • Siddharth Carbochem Products Ltd.
  • Novacyl
  • Alta Laboratories Ltd.
  • Alfa Aesar
  • J.M Loveridge Ltd
  • Zhenjiang Gaopeng Pharmaceutical Ltd.
  • Hebei Jingye Group
  • Avnochem Limited
  • Zhenjiang Maoyuan Chemical Co. Ltd.
  • Shandong Xinhua Pharmaceutical Co. Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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