DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nm64zq/global_salicylic) has announced the addition of the "Global Salicylic Acid Market 2015-2019" report to their offering.
The global salicylic acid market is predicted to grow at a CAGR of around 9%
The increased use of salicylic acid in the manufacture of aspirin and its extensive application in the pharmaceutical sector is the primary driver for the growth of the market.
The increased preference for preserved food and beverages among consumers is anticipated to contribute to the market growth of salicylic acid during the forecast period. With increasing health consciousness among the global population, consumers are particular about the food they consume and the ingredients used in its processing. The use of salicylic acid in functional foods helps in preventing diabetes, improving health, and treating dermatitis and warts among patients. The demand for functional foods is high in regions such as APAC and North America due to the growing trend of healthy living in these countries.
Pharmaceuticals is expected to account for around 41% of the market share by the end of 2019. Salicylic acid is used in the treatment of diseases such as psoriasis, seborrhoeic dermatitis, and eczema.
EMEA accounted for the around 45% of the market share during 2014. The report anticipates the region to witness a decline in its market shares during the forecast period. The decrease in growth of cosmetics and personal care segment is expected to affect the growth of this region.
The global salicylic acid market is highly competitive due to the influx of private providers into the market. The market is predicted to witness an increased number or mergers and R&D during the forecast period.
Segmentation by application and analysis of the salicylic acid market
- Food and preservatives
The key vendors in the market are
- Alta Laboratories
- Alfa Aesar
- Zhenjiang Gaopeng
Other prominent vendors in the market include
- J.M. Loveridge
- Siddharth Carbochem
- Rishabh Metals and Chemicals
- Samrat Remedies
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Food, preservative, and others sector
Part 07: Market segmentation by geography
Part 08: Manufacturing process analysis
Part 09: Trade balance analysis
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information visit http://www.researchandmarkets.com/research/nm64zq/global_salicylic