The global market size for salicylic acid is expected to hit USD 731.4 million by 2027. The market is driven by the increasing trend in the use of salicylic acid in food preservation, the extensive growth of the industries of cosmetic & personal care, and the proliferation of sunscreen & anti-acne products. Huge demand for skincare products, hair care products, and a sudden enormous increase in the growth of pharmaceutical products such as disinfectants, wart removal, over-the-counter antiseptic end-use drugs, and medicines have significantly propelled the industry’s overall growth and are expected to contribute to market share in the coming years.
The growing popularity of the personal care industry consists of hair care and skincare products that help cure, respectively, dandruff, seborrheic dermatitis, acne repellant, dark spot removal, and others.
The region of Asia Pacific has one of the largest customer bases and holds a significant market share. This area is also expected to record the highest growth during the forecast period as a huge increase in demand for personal care & cosmetics products & consumer growth due to an increase in disposable income, especially in countries such as, among others, China, India, and Indonesia.
North America is projected to grow at a CAGR of 7.7% over the period 2020 to 2027 due to the high consumer interest in pharmaceutical products and healthy food preservation, especially in the U.S. and Canada. The involvement of major players in the area has played a significant role in rising market penetration.
In this sector, Europe is a client, and a market share of 18.6% is predicted to be kept by 2027. Countries such as Germany, the United Kingdom and Spain, among others, are increasingly seeing a new market presence year on year due to the higher penetration of topical drugs.
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, and Avnochem Limited, among others.
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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)
- Acne Solution & Sun-screening
Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
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)
- Food & Beverage
- Personal Care
Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
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