Friday, June 24, 2016
Salicylic Acid Market : Global Industry Information, Market Outlook, Industry Size and Forecast 2016-2022
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According to a new market information published by Credence
Research, “Salicylic Acid Market – Growth, Share, Opportunities, Competitive
Analysis, and Anticipate 2015 – 2022,” the salicylic acid market was valued at
US$ 0.25 Bn in 2015, and is expected to reach US$ 0.44 Bn by 2022, expanding at
a CAGR of 8.4% from 2016 to 2022.
Market Insights
Salicylic acid is an organic acid which is naturally found in the bark if willow tree. The bark of willow tree is used for medicinal purpose since centuries. The medicinal use of salicylic acid was documented by ancient Greek physician in 5th century BC. It was used for reducing fever, pains and aches. In the modern world, salicylic acid is used primarily in painkillers and aspirins for curing aches and pains. It is also used for the treatment of psoriasis, callus and corns. It is also used in curing acnes and blemishes. Salicylic acid peels off dead skin and helps clean pores to treat and prevent acne. These properties of salicylic acid have led to high demand from the pharmaceutical and personal care products industry.
Salicylic acid is an organic acid which is naturally found in the bark if willow tree. The bark of willow tree is used for medicinal purpose since centuries. The medicinal use of salicylic acid was documented by ancient Greek physician in 5th century BC. It was used for reducing fever, pains and aches. In the modern world, salicylic acid is used primarily in painkillers and aspirins for curing aches and pains. It is also used for the treatment of psoriasis, callus and corns. It is also used in curing acnes and blemishes. Salicylic acid peels off dead skin and helps clean pores to treat and prevent acne. These properties of salicylic acid have led to high demand from the pharmaceutical and personal care products industry.
Growing
awareness for well being and health among the people in emerging economies has
led to high demand and consumption of skin care and hair care products, thereby
leading to growth of salicylic acid in the market. Rising demand from the
pharmaceutical industry is another factor driving the growth of global
salicylic acid market. In addition, increasing use of processed food and
flavored drinks has also led to booming demand for salicylic acid from the food
industry. Salicylic acid is used as a food preservative as it has antiseptic
properties. Changing and busy lifestyle of people has led to high demand for
processed food which has increased the use of salicylic acid in the food
industry. The personal care and cosmetics industry is also expected to
contribute to the growth of global salicylic acid market.
Competitive Insights:
Pharmaceuticals accounted for the major share of more than 30% of global salicylic acid market in 2015. Rising demand is experienced for aspirin and pain killers for various diseases and pains. Therefore, pharmaceutical industries are expected to generate high demand for salicylic acid in the market. The growing awareness among the people for well being and health has increased the demand for skin and hair care products. Salicylic acid is used on a large scale in production of various skin care and hair care products. It helps preventing acne and aids the treatment of various diseases like psoriasis, callus, corns, etc. Hence, personal care products industry is also expected to fuel demand for global salicylic acid market in the near future. Moreover, apart from medicinal properties, salicylic acid is also used in the food industry as a food preservative. The antiseptic property of salicylic acid keeps the food safe for a longer duration of time. Food industry is also anticipated to fuel demand for salicylic acid in the market during the anticipate period.
Pharmaceuticals accounted for the major share of more than 30% of global salicylic acid market in 2015. Rising demand is experienced for aspirin and pain killers for various diseases and pains. Therefore, pharmaceutical industries are expected to generate high demand for salicylic acid in the market. The growing awareness among the people for well being and health has increased the demand for skin and hair care products. Salicylic acid is used on a large scale in production of various skin care and hair care products. It helps preventing acne and aids the treatment of various diseases like psoriasis, callus, corns, etc. Hence, personal care products industry is also expected to fuel demand for global salicylic acid market in the near future. Moreover, apart from medicinal properties, salicylic acid is also used in the food industry as a food preservative. The antiseptic property of salicylic acid keeps the food safe for a longer duration of time. Food industry is also anticipated to fuel demand for salicylic acid in the market during the anticipate period.
Key
players dominate the global salicylic acid market making the entry of new players
difficult. These companies have already established its position in the market
because of high demand for salicylic acid from pharmaceutical and personal care
product industry worldwide. Therefore, high competition is observed between the
salicylic acid producers in the market to gain a strong foothold globally.
Key Trends:
Psoriasis Treatment
Advanced Painkiller and Ailments
Food preservative
Growth opportunities in cosmetic industry
Psoriasis Treatment
Advanced Painkiller and Ailments
Food preservative
Growth opportunities in cosmetic industry
Media Contact
Name: Chris Smith ( Global Sales Manager )
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
Ph: 1-800-361-8290
Website: http://www.credenceresearch.com
Name: Chris Smith ( Global Sales Manager )
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
Ph: 1-800-361-8290
Website: http://www.credenceresearch.com
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