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Salicylic Acid Market 2019 – Identify Opportunities and Challenges 2024

The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. The Global Salicylic Acid Market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc.

 
In addition, the product is used as an ingredient during the preparation of aspirin. Sali cylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations.

The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period.

However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years.

To Know More About Salicylic Acid Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

The Global Salicylic Market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol.

Top Players of Salicylic Acid Market:

Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.

Market Segmentation of Salicylic Acid Market:

The Global Salicylic Acid Market segmented on the basis of Application and Region.

By Application:

    Pharmaceutical
    Food & Preservatives
    Cosmetics

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Salicylic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/342
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