Global Salicylic Acid Market 2017-2021

Overview of the global salicylic acid market

The adoption of aspirin is increasing across the globe because they are not only used for skin treatment and as a pain-relieving agent but since it also prevents strokes when consumed in low dosages. Research analysis on the global salicylic acid market identifies that the increasing use of aspirin will be one of the major factors that will have a positive impact on the growth of the market. Heart attacks or strokes are caused due to blood clotting. Aspirin enables the free flow of blood platelets by thinning the blood and also prevent colorectal cancers. The prevalence of cardiovascular diseases and cancers are also increasing across the globe. This encourages various economies to increase their investments in the production of aspirin. Consequently, the adoption of salicylic acid will also increase because they are majorly used in the production of aspirin. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.

The increasing preference for processed food is one of the key trends that will gain traction in the global salicylic acid market throughout the estimated period. Salicylic acid helps in the preservation of food by maintaining the color, flavor, texture, and nutrients. The demand for the salicylic acid is high in the food industry because they increase the shelf life of the food products and can be easily stored.

Competitive landscape and key vendors

The salicylic acid market is characterized by the presence of few key vendors. These vendors are increasingly focusing on expanding their market share and position by adopting mergers and acquisitions. The pharmaceutical and cosmetic manufacturing companies such as Bayer, Novartis, and Neutrogena are the major end-users of the salicylic acid market.

Key vendors in this market are -

• Alfa Aesar
• Alta Laboratories
• J. M. Loveridge
• Novacap
• Sigma-Aldrich

Other prominent vendors in the market include Hebei Jingye Group, Shandong Xinhua Longxin Chemical, SCPL, Zhenjiang Gaopeng Pharmaceutical, Salicylates And Chemicals, and Finoric.

Segmentation by application and analysis of the salicylic acid market

• Pharmaceuticals
• Cosmetics
• Food and preservative and textiles

The pharmaceutical industry extensively uses salicylic acid as an antiseptic, disinfectant, and anti-fungal agent. Salicylic acid is also used to derive aspirin that is used to restrain body pain, fever, and inflammation. The adoption of salicylic acid will continue to increase in the pharmaceutical industry because they are used to treat skin diseases, rheumatoid arthritis, osteoarthritis, cancer, and to prevent heart strokes.

Segmentation by geography and analysis of the salicylic acid market

• Americas
• APAC
• EMEA

In terms of geography, EMEA contributed the maximum market shares during 2016 due to the enormous demand for salicylic acid from the pharmaceutical and cosmetic industries in this region. The growing rate of women employment and high disposable income is driving the adoption of skin care products such as salicylic acid cream in Saudi Arabia and Egypt, which in turn, will boost the demand for salicylic acid in the cosmetics sector.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global salicylic acid market?
• What are the key market trends impacting the growth of the global salicylic acid market?
• What are the challenges to market growth?
• Who are the key vendors in the global salicylic acid market?
• What are the market opportunities and threats faced by the vendors in the global salicylic acid market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global salicylic acid market?