Salicylic Acid Market Size, Trends and Insights By Type (Tufted, Woven, Needle-Punched, Knotted, Others), By Material (Nylon, Polyester, Polypropylene, Others), By End-User (Residential, Non-Residential, Automotive & Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Seqens International
- Alfa Aesar
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- JM Loveridge Limited
- Hebei Jingye Group
- Huayin Jinqiancheng
- Siddharth Carbochem Products Ltd
- Others
Reports Description
According to Custom Market Insights (CMI), the Global Salicylic Acid Market was estimated at USD 420 million in 2021 and is expected to reach USD 463 million in 2022 and is anticipated to reach around USD 810 million by 2030, growing at a CAGR of roughly 7% between 2022 and 2030. Our research report offers a 360-degree view of the Salicylic Acid market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Salicylic Acid market.
- Salicylic acid, a versatile substance that combats various systemic blemish-causing factors, is increasingly used in acne treatment products and other related cosmetics. The growing number of adults with acne can be related to an increase in demand for acne-fighting cosmetics.
- Due to its capacity to exfoliate, degrease the skin, reduce inflammation, and improve the appearance of pores, salicylic acid is increasingly becoming a staple ingredient in skincare products designed to treat acne. Despite the widespread belief that patients with persistent acne should avoid salicylic acid peels due to the chemical’s unfavorable effects on their skin, the quantity and variety of these treatments are only increasing. As a result, the salicylic acid market is still expanding.
Report Scope
The global Salicylic Acid market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by grade, application, and geography.
| Feature of the Report | Details |
| Market Size in 2021 | USD 420 Million |
| Projected Market Size in 2030 | USD 810 Million |
| Market Size in 2022 | USD 463 Million |
| CAGR Growth Rate | 7% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Material, End-User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Market Dynamics
- The rising use of salicylic acid, which is utilized to create a number of pharmaceutical products, including phenyl salicylate, methyl salicylate, and salicylic acid amine, as well as cosmetic and personal care products like haircare, skincare, and other items, has fueled the market’s growth. The development of different skin disorders, hair problems, and other ageing-associated health issues may be attributed to the growth of the salicylic acid market. Salicylic acid is a naturally occurring compound that is frequently used in pharmaceutical formulations, personal care products, and cosmetics due to its remarkable antibacterial and anti-inflammatory properties. Salicylic acid is utilized as an exfoliating ingredient in shampoos and conditioners to treat dandruff owing to its anti-inflammatory and antibacterial characteristics.
- Numerous R&D initiatives are focused on salicylic acid-based products with the goal of improving their effectiveness and safety. Additionally, the growing acceptability of aspirin pills due to their increased pain-relieving activity and easy accessibility of medications is a significant growth driver for the salicylic acid market. Salicylic acid, which is a substantial component of aspirin, is present in it. Due to its improved pain-relieving abilities and easy accessibility, aspirin is one of the most frequently prescribed pharmaceutical drugs in the world.
- The demand for salicylic acid is rising as it is widely utilized to treat and prevent illnesses, including dementia and strokes, especially in the elderly. Salicylic acid-based cosmetics are anticipated to grow in popularity as warts, pimples, whiteheads, and blackheads rise. However, the Food and Drug Administration’s (FDA) stringent guidelines on using salicylic acid in product manufacture may limit the market growth. Additionally, the growing market for personal care goods and the expanding food and beverage industries may offer the salicylic acid market a profitable expansion opportunity.
South America Region to Witness high CAGR in the Salicylic Acid Market in 2021
- The South American region is expected to grow at a high CAGR during 2022-2030.
- This region has continued to have the fastest-growing salicylic acid market because of the rising demand from developed economies in South America, particularly Brazil. In order to fulfill the growing demand in this promising market, manufacturers are keeping a close eye on it and intend to invest heavily in introducing cutting-edge technologies and increasing production capacity.
- Due to its extensive production and shipping capabilities, South America, the world’s largest exporter of salicylic acid, has a significant influence over ingredient pricing.
- Additionally, the expanding fashion industries in nations like Brazil and Argentina would spur a need for skin care products, which would then spur demand for salicylic acid and serve as the main element propelling the salicylic acid market during the course of the projection period.
Competitive Landscape
The global salicylic acid market is extremely fragmented, with a limited number of producers and a wide range of pricing strategies by application. It is produced for use in commerce by the chemical synthesis of phenol. The availability of phenol as a raw material is anticipated to expand with the growth of the oil and gas industries in the Middle East and the United States. In addition, it is anticipated that during the next eight years, demand for phenol will rise as a result of increased shale gas and tight oil exploration and production.
The competitive landscape of the Salicylic Acid industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, production capacities, production sites & facilities, company strengths & weaknesses, product release, product width & breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on Salicylic Acids.
- 2022: Bubble, recognized for its sophisticated approach to teen skin care, is launching Super Clear Acne Treating Serum with 2% Salicylic Acid as its first over-the-counter product.
- 2020: Boots unveiled a new collection of skincare and cosmetics based on natural ingredients. Given that none of its products cost more than EUR 7.50, the product line is suitable for customers looking for an economical range of skincare goods.
List of the prominent players in the global Salicylic Acid market:
- Seqens International
- Alfa Aesar
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- JM Loveridge Limited
- Hebei Jingye Group
- Huayin Jinqiancheng
- Siddharth Carbochem Products Ltd
- Alta Laboratories
- Novocap
- Zhenjiang Gaopeng Pharmaceutical
- Hebei Jingye
- Simco Chemicals
- Shandong Xinhua Longxin
- Others
The global Salicylic Acid market is segmented as follows:
By Grade
- Pharmaceutical
- Industrial
By Application
- Pharmaceuticals
- Food and Preservatives
- Cosmetics
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Salicylic Acid Market, (2022 – 2030) (USD Million)
- 2.2 Global Salicylic Acid Market : snapshot
- Chapter 3. Global Salicylic Acid Market – Industry Analysis
- 3.1 Salicylic Acid Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Manufacturing haircare and cosmetic skincare products owing to growing consumer awareness regarding its benefits
- 3.2.2 Increased demand for aspirin drug among pharmaceuticals.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Grade
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Salicylic Acid Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Salicylic Acid Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Salicylic Acid Market – Grade Analysis
- 5.1 Global Salicylic Acid Market overview: By Grade
- 5.1.1 Global Salicylic Acid Market share, By Grade, 2021 and 2030
- 5.2 Pharmaceutical
- 5.2.1 Global Salicylic Acid Market by Pharmaceutical, 2022 – 2030 (USD Million)
- 5.3 Industrial
- 5.3.1 Global Salicylic Acid Market by Industrial, 2022 – 2030 (USD Million)
- 5.1 Global Salicylic Acid Market overview: By Grade
- Chapter 6. Global Salicylic Acid Market – Application Analysis
- 6.1 Global Salicylic Acid Market overview: By Application
- 6.1.1 Global Salicylic Acid Market share, By Application, 2021 and 2030
- 6.2 Pharmaceuticals
- 6.2.1 Global Salicylic Acid Market by Pharmaceuticals, 2022 – 2030 (USD Million)
- 6.3 Food and Preservatives
- 6.3.1 Global Salicylic Acid Market by Food and Preservatives, 2022 – 2030 (USD Million)
- 6.4 Cosmetics
- 6.4.1 Global Salicylic Acid Market by Cosmetics, 2022 – 2030 (USD Million)
- 6.5 Others
- 6.5.1 Global Salicylic Acid Market by Others, 2022 – 2030 (USD Million)
- 6.1 Global Salicylic Acid Market overview: By Application
- Chapter 7. Salicylic Acid Market – Regional Analysis
- 7.1 Global Salicylic Acid Market Regional Overview
- 7.2 Global Salicylic Acid Market Share, by Region, 2021 & 2030 (USD Million)
- 7.3. North America
- 7.3.1 North America Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.3.1.1 North America Salicylic Acid Market, by Country, 2022 – 2030 (USD Million)
- 7.3.1 North America Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.4 North America Salicylic Acid Market, by Grade, 2022 – 2030
- 7.4.1 North America Salicylic Acid Market, by Grade, 2022 – 2030 (USD Million)
- 7.5 North America Salicylic Acid Market, by Application, 2022 – 2030
- 7.5.1 North America Salicylic Acid Market, by Application, 2022 – 2030 (USD Million)
- 7.6. Europe
- 7.6.1 Europe Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.6.1.1 Europe Salicylic Acid Market, by Country, 2022 – 2030 (USD Million)
- 7.6.1 Europe Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.7 Europe Salicylic Acid Market, by Grade, 2022 – 2030
- 7.7.1 Europe Salicylic Acid Market, by Grade, 2022 – 2030 (USD Million)
- 7.8 Europe Salicylic Acid Market, by Application, 2022 – 2030
- 7.8.1 Europe Salicylic Acid Market, by Application, 2022 – 2030 (USD Million)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.9.1.1 Asia Pacific Salicylic Acid Market, by Country, 2022 – 2030 (USD Million)
- 7.9.1 Asia Pacific Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.10 Asia Pacific Salicylic Acid Market, by Grade, 2022 – 2030
- 7.10.1 Asia Pacific Salicylic Acid Market, by Grade, 2022 – 2030 (USD Million)
- 7.11 Asia Pacific Salicylic Acid Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Salicylic Acid Market, by Application, 2022 – 2030 (USD Million)
- 7.12. Latin America
- 7.12.1 Latin America Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.12.1.1 Latin America Salicylic Acid Market, by Country, 2022 – 2030 (USD Million)
- 7.12.1 Latin America Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.13 Latin America Salicylic Acid Market, by Grade, 2022 – 2030
- 7.13.1 Latin America Salicylic Acid Market, by Grade, 2022 – 2030 (USD Million)
- 7.14 Latin America Salicylic Acid Market, by Application, 2022 – 2030
- 7.14.1 Latin America Salicylic Acid Market, by Application, 2022 – 2030 (USD Million)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.15.1.1 The Middle-East and Africa Salicylic Acid Market, by Country, 2022 – 2030 (USD Million)
- 7.15.1 The Middle-East and Africa Salicylic Acid Market, 2022 – 2030 (USD Million)
- 7.16 The Middle-East and Africa Salicylic Acid Market, by Grade, 2022 – 2030
- 7.16.1 The Middle-East and Africa Salicylic Acid Market, by Grade, 2022 – 2030 (USD Million)
- 7.17 The Middle-East and Africa Salicylic Acid Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Salicylic Acid Market, by Application, 2022 – 2030 (USD Million)
- Chapter 8. Company Profiles
- 8.1 Seqens International
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Alfa Aesar
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 JM Loveridge Limited
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Hebei Jingye Group
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Huayin Jinqiancheng
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Siddharth Carbochem Products Ltd
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Alta Laboratories
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Novocap
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Shandong Xinhua Longxin.
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Hebei Jingye
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Simco Chemicals
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Development
- 8.1 Seqens International
List Of Figures
Figures No 1 to 20
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players
- Seqens International
- Alfa Aesar
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- JM Loveridge Limited
- Hebei Jingye Group
- Huayin Jinqiancheng
- Siddharth Carbochem Products Ltd
- Alta Laboratories
- Novocap
- Zhenjiang Gaopeng Pharmaceutical
- Hebei Jingye
- Simco Chemicals
- Shandong Xinhua Longxin
- Others
FAQs
“Asia Pacific” region will lead the global Salicylic Acid market during the forecast period 2022 to 2030.
The key factors driving the market are in manufacturing haircare and cosmetic skincare products owing to growing consumer awareness regarding its benefits and Increased demand for aspirin drug among pharmaceuticals.
The key players operating in the Salicylic Acid market are Seqens International, Alfa Aesar, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., JM Loveridge Limited, Hebei Jingye Group, Huayin Jinqiancheng, Siddharth Carbochem Products Ltd, Alta Laboratories, Novocap, Zhenjiang Gaopeng Pharmaceutical, Hebei Jingye, Simco Chemicals, Shandong Xinhua Longxin.
The global Salicylic Acid market is expanding growth with a CAGR of approximately 7% during the forecast period (2022 to 2030).
The global Salicylic Acid market size was valued at USD 420 Million in 2021 and it is projected to reach around USD 810 Million by 2030.