Salicylic Acid Market 2020: Company Profiles, Segments, Size, Landscape and Demand by Forecast to 2027 | Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical, Siddharth Carbochem Products, etc

The Global Salicylic Acid Market size is projected to reach USD 731.4 Million by 2027. The market is driven by the growing trend in food preservation use of salicylic acid, the extensive growth of the cosmetic & personal care industries, and the proliferation of sunscreen & anti-acne products. Huge demand for skincare, hair care products, and a sudden enormous rise in the growth of pharmaceutical products such as disinfectants, wart removal, antiseptic end-use over-the-counter medications, and medicines have significantly propelled the overall growth of the industry and are expected to contribute to the market share mainly in the coming years.

The personal care industry’s increasing popularity consists of hair care and skincare products that help treat dandruff, seborrheic dermatitis, acne repellant, dark spot removal, and others, respectively.

The Asia Pacific region has one of the largest customer bases and holds a major share of the market. During the forecast period, this region is also expected to record the highest growth as an immense increase in demand for personal care & cosmetics products & consumer growth due to an increase in disposable income, especially in countries such as China, India, and Indonesia, among others.

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Due to the high consumer focus on pharmaceutical products and healthy food preservation, especially in the U.S. and Canada, North America is projected to rise at a CAGR of 7.7% over the period 2020 to 2027. In order to increase market penetration, the presence of major players in the region has played a significant role.

Europe is a customer in this market, and by 2027 it is projected to hold a market share of 18.6%. Due to higher penetration of topical medication, countries such as Germany, the United Kingdom, and Spain, among others, are gradually seeing a new market presence year on year.

Key participants include

Alta Laboratories

Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

Siddharth Carbochem Products Ltd.

Novocap

Simco Chemicals

J.M. Loveridge Ltd.

Alfa Aesar GmbH & Co KG.

Shandong Xinhua Pharmaceutical Co. Ltd.

Hebei Jingye Group

Avnochem Limited.

For the purpose of this report, Reports and Data has segmented the global salicylic market on the basis of application, grade, sales channel, end-use vertical, and region:

Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Preservation

Anti-Inflammation

Antifungal

Moisturizing

Acne Solution & Sun-screening

Dentifrices

Antiseptic

Others

Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Pharmaceutical

Industrial

Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Online Retails

Offline Retails

End-Use Vertical Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Pharmaceuticals

Food & Beverage

Personal Care

Chemicals

Others

Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

North America

U.S.

Canada

Europe

Germany

U.K.

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

Rest of MEA

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