Premium Salicylic Acid Market Growth by Application, Skin Care, Hair Care and Forecast, 2014 – 2022, 6.1% CAGR

High-end salicylic acid industry

The growth of premium salicylic acid market is driven by increasing applications of salicylic acid in the skin care industry.

PORTLAND, USA, USA, Oct 11, 2021 / – The premium salicylic acid market is driven by factors such as the increasing use of salicylic acid in dermatological treatments , the growing demand for aspirin and the growing scope of applications in personal care products. Premium salicylic acid is used in the pharmaceutical industry for the production of high quality, ultra-expensive products. Premium salicylic acid can be combined with other pharmaceutical ingredients such as resorcinol, sulfur, benzoic acid, and coal tar to produce effective and efficient products. They are mainly used in the production of aspirin, an anti-inflammatory drug widely used as a pain reliever and to treat diseases such as dementia, stroke, especially among the aging population. Due to its keratolytic, comedolytic, and anti-inflammatory properties, premium salicylic acid is used in the production of some premium skin and hair care products.

According to a new report published by Allied Market Research titled World Premium Salicylic Acid (> $ 30 / KG) Market by Application – Global Opportunity Analysis and Industry Forecast, 2014-2022, the premium salicylic acid market was valued at 43 million dollars in 2015 and is expected to reach $ 69 million by 2022, with a CAGR of 6.1% from 2016 to 2022. Pharmaceuticals are the dominant application segment for premium salicylic acid, which accounted for a significant share of the world market in terms of volume and turnover. North America is expected to dominate the market throughout the forecast period.

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Asia-Pacific is the world’s fastest growing market for premium salicylic acid, driven by increasing demand in the pharmaceutical and cosmetic industries, for shampoos, lotions, creams, moisturizers and lotions. oral care. China, Japan and India are the main contributors to the growth of this region. The large-scale use of premium salicylic acid for various skin conditions and increased production of salicylic acid derivatives such as aspirin, sodium salicylate and salicylic acid amine for a use in the pharmaceutical sector are the main market drivers in this region. The rapid development of new technologies has resulted in an increase in the number of patents filed for salicylic acid in this region.

North America and Asia-Pacific jointly contributed more than a third of the global premium salicylic acid market revenue in 2015. In the same year, Europe accounted for the second largest market share of premium salicylic acid due to the high demand for premium products. salicylic acid products for the pharmaceutical and skin care industries. Skin care is one of the fastest growing industries in Europe, increasing salicylic acid applications in the skin care sector is the main driver of the top salicylic acid market. range in this region.

Premium salicylic acid effectively treats chronic plaque psoriasis, especially when used as an adjunct treatment. It is also used for the treatment of diseases like ichthyosis, wart and keratoderma because it has the ability to soften the wound and exfoliate the stratum corneum. Overexposure to salicylic acid can cause severe dry skin, difficult breathing, blistering, hearing loss, and dizziness. The pharmaceuticals segment is expected to continue to grow due to its increasing use in the manufacture of active pharmaceutical ingredients and chemical intermediates.

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The high-end salicylic acid market, the growing demand for aspirin, and the growing scope of personal care products.

Key Findings of the Premium Salicylic Acid Market (> $ 30 / KG):

• In terms of revenue, Asia-Pacific is the fastest growing region in the global premium salicylic acid market, with a high CAGR of 7.5% from 2016 to 2022.
• Mexico is the fastest growing region in the premium salicylic acid market in North America, with a CAGR of 7.6% from 2016 to 2022.
• Brazil represented 80.4% of the LAMEA premium salicylic acid market in 2015.
• Toothpastes accounted for 26.5% of the global PC pharmaceutical grade premium salicylic acid market share in 2015.
• Anti-irritant is the fastest growing segment in the PC pharmaceutical grade premium salicylic acid market, with a CAGR of 6.9% from 2016 to 2022.
• Spain is the fastest growing country in the European premium salicylic acid market, registering a CAGR of 7.0% during the forecast period.

Key market players

1. Siddharth Carbochem Products Ltd.
2. Novacap
3. Alta Laboratories Ltée.
4. Alfa Aesar GMBH & Co KG
5. Simco QC
6. JM Loveridge Ltd.
7. Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
8. Hebei Jingye Group
9. Shandong Xinhua Longxin Chemical Co. Ltd.

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About Us

Allied Market Research (AMR) is a Portland, Oregon-based market research and business consulting firm of Allied Analytics LLP. AMR offers market research reports, business solutions, consulting services and market intelligence across 11 verticals. By adopting in-depth research methodologies, AMR helps to help clients make strategic business decisions and achieve sustainable growth in their market areas. We are staffed with qualified analysts and experts and have extensive experience working with many Fortune 500 companies and small and medium enterprises.

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