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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