DUBLIN--(BUSINESS WIRE)--The "Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global salicylic acid market reached a value of US$ 371 Million in 2017.
In the pharmaceutical industry, salicylic acid is extensively used to manufacture a number of medicines such as acetylsalicylic acid (aspirin), phenyl salicylate, salicylic acid amine, methyl salicylate and sodium salicylate. Growth in the demand for these medicines due to a rise in the number of human infectious diseases has created an attractive market for salicylic acid.
Moreover, it is used for manufacturing haircare and skincare products as it nourishes the skin, treats acne on oily skin, removes dead skin cells and lessens skin discoloration. Increasing demand for these products owing to consumer's awareness is propelling the market growth worldwide. Additionally, growing consumption of derivatives of salicylic acid, such as chlorine salicylate and methyl salicylate as a liniment for muscle and joint pain, is further expected to boost its demand.
Looking forward, the market value is projected to exceed US$ 514 Million by 2023, expanding at a CAGR of more than 5.6% during 2018-2023.
- On the basis of application, pharmaceuticals represent the largest segment, followed by personal care, and food & preservatives.
- Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America.
- On assessing the import and export scenario of the market, it is found that India and China are the biggest importer and exporter of salicylic acid, respectively.
The competitive landscape of the market has also been examined with some of the key players being
- Alfa Aesar
- Alta Laboratories Ltd
- JM Loveridge Limited
- Sigma Aldrich
- Siddharth Carbochem Products Ltd
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Salicylic Acid Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Imports and Exports
9 Salicylic Acid Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/d9txnf/salicylic_acid?w=4