According to a market report published by Lucintel, the future of the salicylic acid market looks promising with opportunities in the pharmaceutical, food & preservative, and cosmetic industries. The global salicylic acid market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are increased phenol supply, advancement of medical industry, and growing cosmetic market.
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In this market, antifungal, dentifrices, antiseptic, anti-irritant, moisturizer, sunscreen, acne solution, conditioner, shampoo, and others are the various applications of salicylic acid.
Within the salicylic acid market, pharmaceuticals will remain the largest end use industry and witness the highest growth during the forecast period due to increased use of salicylic acid-based drugs for skin disorders, cardiovascular diseases, and Hughes syndrome.
Europe will remain the largest region during the forecast period due to government support to healthcare sector, customer awareness of health and hygiene, rising skin & hair care sector, and increasing adoption of aspirin by aging population in the region.
Alfa Aesar, J.M. Loveridge, Alta Laboratories, Siddharth Carbochem Products, Zhenjiang Gaopeng Pharmaceutical, Novocap, and Simco Chemicals are among the major salicylic acid manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global salicylic acid market by application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Salicylic Acid Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global salicylic acid market by application, end use industry, and region as follows:
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Antifungal
Dentifrices
Antiseptic
Anti-irritant
Moisturizer
Sunscreen
Acne Solution
Conditioner
Shampoo
Others
By End Use Industry [Kilotons and $M shipment analysis for 2015 – 2026]:
Pharmaceutical
Food & Preservatives
Cosmetics
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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