[306 Pages Report] At a CAGR of 6.9% between 2022 and 2032, the global salicylic acid market is forecast to grow from an anticipated 2022 valuation of USD 417.8 Million to a 2032 valuation of USD 814.2 Million. Demand for salicylic acid is likely to rise over the forecast period due to the following factors:
| Attributes | Details |
|---|---|
| Salicylic Acid Market Size (2022E) | USD 417.8 Million |
| Salicylic Acid Market Projected Size (2032F) | USD 814.2 Million |
| Value CAGR (2022 to 2032) | 6.9% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Salicylic acid, a multipurpose chemical that targets many of the systemic causes of blemishes, is on the rise in use for acne prevention and related cosmetics. Increased demand for acne-fighting cosmetics can be attributed to the growing number of adults dealing with this skin condition.
Researchers have noted an increase in the adoption of salicylic acid, citing its evolution as a substitute for glycolic acid as a driving force in this expansion. Here are some key observations made during the research:
Salicylic acid is becoming more of a standard ingredient in acne-fighting skincare products due to its ability to exfoliate, degrease the skin, reduce inflammation, and refine the look of pores. Even though it's commonly held that people with chronic acne should stay away from salicylic acid peels due to the chemical's negative reaction to their skin, the reality is that these applications are only growing in number and scope.
Thus, the salicylic acid market continues to grow.
From 2022 to 2032, the market for food and preservatives is projected to expand at a rate of more than 7% annually. Salicylic acid and its derivatives are becoming increasingly important in the food and beverage sector as preservatives and yeast inhibitors.
The demand for salicylic acid products is predicted to rise as a result of the increasing usage of salicylic acid as a preservative in food and drink. Salicylic acid is predicted to expand as a result of the rising demand for it in food processing due to the rising popularity of online shopping in developed nations.
Principal Consultant
The United States and Canada are expected to continue their dominance of the salicylic acid market into the foreseeable future, making them the leading region by 2022's end.
Due to the increasing demand from advanced economies in South America, particularly Brazil, this area has remained the fastest-growing salicylic acid market. Manufacturers are keeping an eye on this promising area, planning to pour resources into introducing cutting-edge technology and expanding production capacity to meet rising demand there.
As the world's largest exporter of salicylic acid, South America holds considerable sway over the worldwide ingredient pricing due to the country's prolific production and shipping capacity. Moreover, the growing fashion industries in countries like Brazil and Argentina may create demand for skin care products, which in turn may drive the need for salicylic acid and act as the primary factor driving the salicylic acid market during the projection period.
Many businesses in this field are already ahead of the curve when it comes to sustainability; they are using cutting-edge technologies to reduce emissions, launching decarbonization initiatives, and making it possible for other fields to follow suit. The leading tactics adopted by companies operating in the salicylic acid market are as follows:
Planning for Environmental, Social, and Governance issues: Organizations could assess their current procedures to see how they stack up and what could be improved. With this knowledge, they could create a concise ESG vision and effectively convey it to all stakeholders, as well as prioritise the sustainability drivers that matter most.
Enhanced decarbonization initiatives: The chemical sector has a significant impact on the environment, and as emissions are a major factor, businesses might prioritise decarbonization initiatives across a range of emission types.
Prospecting for Eco-Friendly Methods of Economic Development: In order to appeal to the demands of today's environmentally conscious consumers, businesses could design products with sustainability in mind.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The sales of salicylic acid are being driven by the increasing use of salicylic acid in reservatives in food industry, as well as the rapid growth of the cosmetic and personal care industries.
There is a large market for personal care sectors that specialize in skincare products and haircare products as it nurtures skin, fades acne on combination skin, removes dead skin cells, and reduces skin discoloration. Due to its numerous benefits, the demand for salicylic acid is projected to rise during the forecast period (2022-2032).
Pharmaceutical items such as disinfectants, wart removal, antiseptic end-use over-the-counter pharmaceuticals, and medicines have seen tremendous growth and are likely to gain market share in the next years.
The sales of salicylic acid are growing as a result of rising consumer awareness. Furthermore, there is an increase in the use of salicylic acid derivatives as ointments, like chlorine salicylate as well as methyl salicylate which is likely to boost the demand for salicylic acid.
Increased demand for packaged foods and beverages is driving the salicylic acid market growth throughout 2032. This is primarily due to the increased sales of salicylic acid in the food and beverage industries, as it aids in the prevention of spoilage and fermentation of packaged food products.
Furthermore, due to its oxidation property, the adoption of salicylic acid is increased in the personal care and cosmetics industries.
The growing number of people suffering from pimples, whiteheads, blackheads, warts, and zits is expected to drive demand for salicylic acid-based cosmetics even further. Furthermore, advancements in personal care products are expected to drive the salicylic acid market size during the forecast period.
Salicylic acid is a key component in the production of aspirin. Due to its superior pain-relieving properties and ease of availability, aspirin is one of the most commonly prescribed pharmaceutical medications in the world. As a result, the rising demand for salicylic acid is anticipated to aid in the growth of salicylic acid market outlook.
Furthermore, it is increasingly being used to prevent and treat diseases such as dementia and strokes, particularly among the elderly, fueling demand for this medicine.
Salicylic acid is a comedolytic, which means it prevents the formation of new whiteheads and blackheads. Owing to these beneficial properties demand for salicylic acid is tremendously growing which is propelling the sales of salicylic acid.
According to the Journal of the American Academy of Dermatology, 54 percent of women over the age of 25 have at least some facial acne. As a result, beauty brands are incorporating acne-fighting properties into their color cosmetic ranges, and brands such as Clinque, Almay, Neutrogena, and Lancome offer acne-fighting foundations.
Salicylic acid has been shown to exfoliate, de-grease the skin, reduce inflammation, and improve the appearance of pores, and it is becoming a more common ingredient in acne-related skincare products.
Despite widespread belief that salicylic acid peels should be avoided by acne sufferers due to the chemical's adverse reaction with the skin, this list of applications is growing.
However, the food and beverage sector, as well as the cosmetics industry, are highly regulated, which presents a challenge for the salicylic acid market.
Premiumization and re-invention in skin care and haircare products, is a key trend that manufacturers are following in the country.
Salicylic acid based cleansing lotions, bathing bars, serum, peeling agent, creams, toners are some of the types which have been influencing US salicylic acid market.
This factor is positively affecting the US salicylic acid market which stands at a market value of USD 98.2 Million in 2022 and is expected to rise at a CAGR of 5.9% By 2032.
According to FMI, the sales of Salicylic acid in U.K. are expected to rise at a CAGR of 7% by 2032 and hold a market share of 22.8% at present in 2022. Versatility of this acid in pharma, food as well is in dye industry is propelling demand in these industries in U.K.
China being one of the leading country in producing salicylic acid it is also key consuming country. China holds more than 45% more value share in East Asian salicylic acid market.
Increasing use of salicylic acid in various kinds of foods as preservative in the country is contributing the growth of salicylic acid market share.
Pharma grade salicylic acid holds a dominant market share of the total salicylic acid market in 2022 and is expected to grow at a notable growth rate. Increasing use of pharma grade type in aspirin and in the cosmetic industry are key factors that are responsible for sales of pharma grade.
The powder or crystalline powder type salicylic acid holds leading salicylic acid market share. It is soluble in absolute ethanol, acetone, carbon terachloride, benzene, propanol, toluene and ether.
The powder form is slightly soluble in cold water and more solvable in boiling water, owing to such properties sales of powder form of salicylic acid is growing.
The pharmaceutical segment held the largest market share of 59.8 percent in 2020. Salicylic acid sales are majorly growing due to its application in pharmaceuticals industry followed by end use in skincare industry, skin care industry is anticipated to have top growth rate amongst all the other segments.
Market players are focusing on expanding market presence in various countries and regions to fetch the shooting demand for salicylic acid. The rising competition in the salicylic acid market is also promoting high product innovation therefore pushing up the salicylic acid market growth in various parts of the world.
Recent Developments in the Salicylic Acid Market:
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Argentina, Germany, Italy, France, UK, Spain, BENELUX, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC Countries, Turkey, South Africa, North Africa, and Central Africa |
| Key Segments Covered | Form, Grade, End Use Application and Region |
| Key Companies Profiled | Seqens International; JM Loveridge Limited; Zhenjiang Gaopeng Pharmaceutical Co., Ltd.; Hebei Jingye Group; Siddharth Carbochem Products Ltd; Alfa Aesar; Alta Laboratories; Novocap; Simco Chemicals; Zhenjiang Gaopeng Pharmaceutical; Hebei Jingye; Shandong Xinhua Longxin; Huayin Jinqiancheng |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The salicylic acid market is estimated to reach nearly USD 417.8 Million by 2022.
The North America salicylic acid market is expected to register 6.2% CAGR throughout 2032.
The demand for salicylic acid is likely to grow at 7.2% CAGR between 2022 and 2032.
One of the most important market trends is the increased demand for hair care and skin care.
The East Asian salicylic acid market will grow at 8.2% CAGR between 2022 and 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Salicyclic Acid Market Analysis 2017-2021 and Forecast, 2022-2032 5. Global Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Form 5.1. Liquid 5.2. Powder 6. Global Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By End Use Application 6.1. Pharmaceutical 6.2. Skin Care 6.3. Hair Care 6.4. Food Preservatives & Others 6.5. Others (Dye Industry etc.) 7. Global Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. MEA 8. North America Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9. Latin America Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10. Europe Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11. East Asia Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12. South Asia Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13. Oceania Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 14. MEA Salicyclic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country 15. Key Countries Salicyclic Acid Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Seqens International 17.2. JM Loveridge Limited 17.3. Zhenjiang Gaopeng Pharmaceutical Co., Ltd. 17.4. Hebei Jingye Group 17.5. Siddharth Carbochem Products Ltd. 17.6. Alfa Aesar 17.7. Alta Laboratories 17.8. Novocap 17.9. Simco Chemicals 17.10. Zhenjiang Gaopeng Pharmaceutical 17.11. Hebei Jingye 17.12. Shandong Xinhua Longxin 17.13. Huayin Jinqiancheng 17.14. Others on Additional Request 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Salicylic Acid Market
