Professional Supply in Salicylates and Steriod Drugs APIs
Salicylic Acid Market Outlook -2027
Salicylic Acid Market Outlook -2027
The global salicylic acid market was valued at $287.1 million in 2019, and is projected to reach $490.8 million by 2027, growing at a CAGR of 8.0% from 2020 to 2027.
Salicylic Acid is a lipophilic monohydroxybenzoic acid, a type of phenolic acid, and a beta hydroxy acid, with the molecular formula C?H?O?. In terms of physical properties, it is an odorless and colorless crystalline organic acid. Salicylic acid acts as an intermediate in the pharmaceutical and personal care industries. The global market estimation includes revenue reported by salicylic acid and its applications.
Owing to the anti-inflammatory properties of salicylic acid, is highly preferred by pharmaceutical, cosmetics and personal care industry. Thus, the global salicylic acid market is estimated to witness healthy growth opportunities during the forecast period. Further, salicylic acid is key ingredient in the manufacturing of aspirin. Aspirin is one of the largest selling pharmaceutical drugs across the globe and its consumption is on the rise as it offers superior pain relieving action and also this drug is easily available in the market. This drug is increasingly being adopted to prevent and treat ailments such as dementia, strokes especially among the aging population, thereby driving the market for salicylic acid.
Moreover, salicylic acid is used is the personal care & cosmetics industry due to its oxidation property. Increasing cases of pimples, whiteheads, blackheads, warts, zits are expected to drive growth for salicylic acid-based cosmetics. The rising developments in personal care products are expected to support the growth of salicylic acid market during the forecast period.
The global salicylic acid market is segmented on the basis of application and region. By application, the market is divided into pharmaceutical, hair care, skin care and food preservatives & others. Further, ,the pharmaceutical segmentis categorized into PC (Prescription drugs) and OTC (Over-the-counter). On the basis of skin care, the market is segmented into moisturizer, sunscreen, and acne solution. By hair care, the market is segmented into conditioner and shampoo. By region, the market is studied across North America, Europe, Asia-Pacific and LAMEA.