Salicylic Acid Market

Salicylic Acid Market Size (2023-2028)

The salicylic acid market is valued at US$ 0.47 Billion in 2022 and is anticipated to increase to US$ 0.71 Billion by 2028, with a growing CAGR of 7.51% in the next six years.

Salicylic acid is a phenolic acid with the formula C7H6O3 and it is also referred to as ortho hydroxybenzoic acid within the chemistry world. It's a clear, crystalline, odorless chemical that may be isolated naturally from willow and salix plants or produced from sodium phenolate as well as carbon dioxide. It does have a direct anti-inflammatory impact and acts as a topical antibacterial agent due to its propensity to stimulate exfoliation. Salicylic acid possesses antifungal, antimicrobial, comedolytic, and keratolytic properties, among others. Salicylic acid is often used as a preservative, in the production of aspirin, and also in medicine to treat rheumatic and gouty disorders, notably there in form of salicylate.

Salicylic acid is a white crystalline chemical compound. It may be made synthesized via sodium phenolate plus carbon dioxide, or it can be generated organically from plants like the willow tree and salix. Salicylic acid is used in the cosmetics, healthcare, and pharmaceutical sectors because of its high antimicrobial, anti-inflammatory, keratolytic, comedolytic, and anti-microbial qualities. Salicylic acid is also utilized in cosmetics because it aids in moisturizing as well as dissolving the material that binds the skin layers together.

Salicylic Acid Market Drivers:

The increased usage of salicylic acid within the pharmaceutical sector for the manufacture of phenyl salicylate, methyl salicylate, & salicylic acid amine, including in beauty products such as skincare, haircare, and others, has propelled the market's expansion. The increased prevalence of various skin illnesses, hair difficulties, and other age-related health concerns may be linked to the rise of the Salicylic Acid Market. Salicylic acid is a natural chemical with antibacterial and anti-inflammatory characteristics that is frequently utilized in pharmaceutical preparations, beauty products, and personal care products. Salicylic acid is utilized as an exfoliating component in conditioners and shampoos to treat dandruff because of its anti-inflammatory as well as antibacterial characteristics. Various R&D efforts involving salicylic acid-based pharmaceuticals are underway with the hope of creating them healthier and more effective. Furthermore, the increased acceptability of aspirin tablets due to their better pain-relieving action and easy availability of pharmaceuticals is a significant growth driver for Salicylic Acid Market. Salicylic acid, a major component of aspirin, is a key component. Because of its increased pain-relieving qualities and accessibility of availability, aspirin is among the most commonly prescribed pharmaceutical drugs in the world. The growing food and beverage industry, as well as expanding developments in beauty and skincare products, might give the global Salicylic Acid Market a significant growth opportunity.

Salicylic Acid Market Restraints:

However, as the public becomes more aware of the dangers of excessive salicylic acid consumption, regulatory bodies such as the Food and Drug Administration (FDA) are enforcing stricter regulations on the maximum permissible limit for salicylic acid in various products, limiting the compound's growth over the next six years.

SALICYLIC ACID MARKET REPORT COVERAGE:

Market Segmentation:

Salicylic Acid Market By Type:

• Industrial Grade

• Pharmaceutical Grade

The Pharmaceutical grade is expected to be the dominant one in the global market as aspirin, methyl salicylate, salicylic acid amine, phenyl salicylate, and sodium salicylate are all examples of salicylic acid used in the pharmaceutical sector. Salicylic acid is commercially produced using the Kolbe-Schmitt technique. Sodium phenoxide is made by mixing phenol with sodium hydroxide. Sodium salicylate is generated when phenoxide combines with CO2. Whenever the salicylate is acidified, salicylic acid is produced. The acid is frequently crystallized from an aquatic solution to produce a technical-grade salicylic acid product with a concentration of 99.5 percent. A Pharmaceutical Grade product requires an additional purification procedure. Sublimation is a popular method for doing this.

Salicylic Acid Market By Application:

• Food and Beverage

• Cosmetics Care

• Personal Care

• Pharmaceuticals

Pharmaceuticals accounted for the largest share of the Salicylic Acid Market, and this trend is likely to continue during the forecast period. This is owing to a number of pharmaceutical uses, such as the creation of drugs for cardiovascular problems, skin conditions, and Hughes syndrome. Aspirin, a salicylic acid precursor, is being investigated for use in the treatment of cardiovascular problems. Salicylic acid is in high demand due to its increasing usage in the treatment of skin problems. It was one of two FDA-approved active ingredients for psoriasis treatment.

 The salicylic Acid Market Report includes the segmentation of Regions:

• North America

• Europe 

• Asia Pacific 

• Latin America

• Middle East and Africa

Impact of COVID-19 (Salicylic Acid Market):

The COVID-19 outbreak has had a major impact on the community everywhere across the world. Every business must battle on two grounds: medical and finance, and it will be forced to endure this enforced downturn. With the global financial crisis and the consequent cash shortages, there is a lot of optimism that the recovery period would be relatively painless. The Coronavirus has impacted the entire world as a result of its spread. In practically every country, lockdowns and strong social isolation measures have been introduced. As a result, supply chains have already been interrupted. As a result, there were benefits and drawbacks for the worldwide market.

Salicylic Acid Market Key Players:

The key players in the Salicylic Acid Market are:

• Alfa Aesar

• Alta Laboratories Ltd.

• J.M. Loveridge Ltd.

• Siddharth Carbochem Products Ltd.

• Hexion

• Zhenjiang Gaopeng Pharmaceutical

• HebeiJingye

• Huayin Jinqiancheng Pharmaceutical Co. Ltd.

• Bell Chem Corp.

• EMCO Dyestu