Salicylic Acid Market By Pharmaceuticals Application (Wart Remover, Disinfectant, Antifungal, Dentifrices, Antiseptic, Anti-irritant, Scale Lifter And Ointment), Skincare (Moisturizer, Sunscreen, Acne Solution), Haircare (Shampoo, Conditioner) And Food Preservative & Others - Opportunity Analysis And Industry Global Forecast 2020 To 2025

Report Code: CMR 43881 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Salicylic Acid Market size is forecast to reach $888.32 million by 2025, after growing at a CAGR of 6.5% during 2020-2025. The increasing use of salicylic acid and its by-products in the food and beverage industry and in skincare products is expected to turn into increased market demand to avoid spoilage and fermentation.

Salicylic acid (from Latin salix, willow tree) is a lipophilic monohydroxybenzoic acid, a type of phenolic acid, and a beta hydroxy acid (BHA). This colorless crystalline organic acid is widely used in organic synthesis and functions as a plant hormone. Salicylic acid is administered in the form of aspirin which is less irritating to the stomach than salicylic acid. To prepare aspirin, salicylic acid is reacted with an excess of acetic anhydride. A small amount of a strong acid is used as a catalyst which speeds up the reaction.

Report Coverage

The report: “Salicylic Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Salicylic Acid Industry. 


Key Takeaways

  • North America dominates the Salicylic Acid market owing to the cosmetic industry as it is one of the key ingredient to have anti-inflammatory and antimicrobial properties.
  • Salicylic acid is widely used in the treatment of many common dermatological conditions because of its keratoplastic properties.
  • Furthermore, growing use of salicylic acid as preservatives to extend the shelf-life of products such as sauces, beer, and wine is expected to augment the demand for salicylic acid products.
  • The increasing use of byproducts of salicylic acid is expected to drive the market growth over the forecast period.

Application - Segment Analysis

Cosmetic Industry accounts for the highest market share in the global market and is expected to grow with the CAGR of 5.5% over the forecast period from 2020 to 2025. Salicylic acid used as preservative up to 0.5 % in cosmetic products. At a level up to 1 % in leave-on hair products and up to 2 % salicylic acid is used in leave-on cosmetics products for its exfoliating and cleansing properties and in rinse-off products. The global cosmetics market continued to grow steadily, spurred on by consumer demand and rapid innovation. In 2018, 5.5 percent of growth was registered in cosmetics market globally. With North America being the largest consumer globally. The growth in cosmetics consumption will propel the market of salicylic acid as it is one of the key ingredients for cosmetics.

Geography - Segment Analysis

North America dominated the Salicylic Acid market with a share of more than 38%, followed by Europe and Asia Pacific. According to L'Oréal S.A, 25% of global market share in cosmetics were from North America followed by Asia Pacific with 39%, Western Europe with 18%, Latin America with 9%, Eastern Europe with 6%, Africa and Middle East with 3% in 2018. Skincare was the leading category, accounting for about 36 percent of the global market. Hair care products made up a further 23 percent, while make-up accounted for 18.2 percent in 2018. Salicylic acid used as a cosmetic ingredient has been one of the driving factor for its market.

Drivers – Salicylic Acid Market

·         Surging Demand in its End Use Application

The salicylic acid market has a growing potential over the forecast period owing to rise in health awareness among consumers globally. Whereas upsurge in the demand for skin and hair care products globally has positively impact the salicylic acid industry. It is also utilized in the pharmaceutical industry as a byproduct such as 4-aminosalicylic acid sulpiride, and landetimide.

Challenges – Salicylic Acid Market

·         Regulations can hamper the Salicylic acid market

The growing awareness of the harmful effects of improper use of the compound has led regulatory bodies such as the Food and Drug Administration (FDA) to enforce strict regulatory guidelines on the overall allowable limit for salicylic acid in various products, thus restricting their development over next few years.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Salicylic Acid market. In 2019, the market of Salicylic Acid has been consolidated by the top five players accounting for xx% of the share. Major players in the Salicylic Acid Market are Zhenjiang Gaopeng Pharmaceutical Co., Ltd, Hebei Jingye Group, Simco QC, Shandong Xinhua Longxin Chemical Co. Ltd., and Siddharth Carbochem Products Ltd, among others.

Acquisitions/Technology Launches

  • In September 2018, Eminence Organic Skin Care launched Acne Advanced skin care product which utilize encapsulated salicylic acid and botanical actives to offer a proven organic, non-irritating approach to treat and prevent moderate and severe acne. 

1. Salicylic Acid Market - Overview
        1.1 Definitions and Scope
2. Salicylic Acid Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Salicylic Acid Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Salicylic Acid Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Salicylic Acid Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Salicylic Acid Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Salicylic Acid Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Salicylic Acid Market - By Product Type(Market Size -$Million / $Billion)
9. Salicylic Acid Market - By Type(Market Size -$Million / $Billion)
10. Salicylic Acid - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Pharmaceutical
            10.3.2 Skin Care
                 10.3.2.1 Moisturizer
                 10.3.2.2 Sunscreen
                 10.3.2.3 Acne Solution
            10.3.3 Haircare
                 10.3.3.1 Shampoo
                 10.3.3.2 Conditioner
            10.3.4 Food Preservative Others
11. Salicylic Acid- By Geography (Market Size -$Million / $Billion)
        11.1 Salicylic Acid Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Salicylic Acid- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Salicylic Acid- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Salicylic Acid - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Salicylic Acid - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Salicylic Acid Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Salicylic Acid Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Salicylic Acid Market - Key Company List by Country Premium
15. Salicylic Acid Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Alfa Aesar Gmbh Co Kg
        15.3 Alta Laboratory Ltd
        15.4 Hebei Jingye Group
        15.5 J M Loveridge Ltd
        15.6 Novacap
        15.7 Shandong Xinhua Longxin Chemical Co Ltd
        15.8 Siddharth Carbochem Product Ltd
        15.9 Simco Qc
        15.10 Zhenjiang Gaopeng Pharmaceutical Co , Ltd
        15.11 Company 10
        15.12 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
16. Salicylic Acid Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Salicylic Acid Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends